The Recession - Has it finally arrived?

People have been talking about it for months; the US has seen the collapse of a few financial giants, with the threat of more activity along the same lines. Mails have been coming on and off, about the best way to save our skins from the looming disaster. From what I've seen, read, and experienced, I can say a few things about it myself.

A few tips from Asha the Expert:
1. Think before you leap. Companies have been laying off employees not in tens and twenties, but in thousands. So, grab the job you already have real hard, and stop thinking about changing. You'll lose your only source of income, and might have to go back to the miserable old life of having to ask for money from Dad.

2. Stop splurging, start saving. You never know, you might be the next person in line to get the dreaded pink slip, and be out on the road with just a month's paycheck in your hands. If that happens, my friend, you'll need more than a month's salary to keep you afloat. Stop visiting those malls for a few days; believe me, you've already got enough clothes and accessories to last you a lifetime.

3. Invest wisely. Check out the scene before plunging into any investments. The market is in a really tricky state right now; just one push might turn the tables either way, and you know which way. Hold on to your cash, transfer it to a nationalized bank, if possible; stop those new investments, and, well, for those which you are already committed, double check once.

4. Quit worrying. All of us have bad times, once in a while. If you happen to be caught in the middle of all this melee, dont panic. Remember, this is not going to last forever. Times change, markets change, and stock exchanges change. It is all about how well you handle yourself in times of a crisis that will determine your future. Also, we never thought twice before asking Dad a few bucks; he'll not think twice before doing the same, now. After all, what are Dads for?

All the very best to us then, and here's hoping that we emerge unscathed from the entire episode. God forbid, if something wrong does happen, don't forget to turn to your loved ones for support. That is something you'll never lose, come what may.