

May the best man win!
This is hard to believe. An Australian island has opened up a position titled as Island Caretaker, which is being described as the best job in the world. Here are some of the highlights of this job.
A few weeks ago I was talking to an individual inside my industry and he was proudly saying that their business is recession-proof. It was the first time I had heard this word. What he really meant was this global economic meltdown is having no effect on his business. I was little bit surprised, but I said hey, good for him. This week, I talked to the same person and his opinion has changed. He was complaining about the economy and how it’s affecting their business.
In last few months we all have read and heard lots of news about recession and how you can make your job or business recession proof. But why just focus on job? I think it affects more than just your job. I want to divide this in the following categories
1. Job and Career
This is an obvious issue and most likely the recession has affected all of us in one way or another. My company is running at 80% of what we were doing a year ago! We lost a good 20% of so business to slowness in economy and overall decline in the market. Although this does not affect my monthly paycheck, this will affect the bonus and other perks. The yearly raise is already out of the question. Not to mention the fretfulness regarding the job security. So far our company has handled the recession very well, because we are owned by a very big company. For small business owners, it gets worst. On the other side, there are certain businesses which have no effect of recession or better yet, are thriving due to recession.
2. Health and Fitness
I was on a roll about a month ago! I was hitting gym 3-4 times a week, eating healthy and was in line with my weight loss goal. All of a sudden, the recession hit me! No folks, I am just kidding!! My reason to discontinue all that has nothing to do with recession. (I thought I might as well blame this on economy!) But it definitely has to do with the extreme cold weather we are having and the holidays. I need to stop being so lazy and get back on the track.
But seriously, I am sure there are some people whose health is affected by recession. There could be several reasons like not being able to afford the gym membership because you want to save money, or unable to continue the sports activity because you spend more hours at work to improve job security or not able to afford eating organic and fresh food because you are keeping money for other necessary expenses. It could be just plain mental depression.
3. Family and Friends
Recession has not affected this area of my life either. Fortunately, I don’t know anybody who has lost a job or a business due to recession. I don’t want to know.
You hear everyday that unemployment rates are going up. In US it has sneaked up to 7%. That means there is a chance that every 1 out of 14 people you know is out of work! That is scary. One more way it can affect your life is people who lose jobs might move away from your neighborhood or even your city, eventually you may lose contact with them.
The flip side of recession in this area of your life is, now that people don’t have cash to spend on vacations and other activities, they may want to socialize more. I mean just hang out at home and spend more time with close family and friends. So did the recession bring you close to your loved ones?
4. Dreams and Goals
This area of my life is definitely affected by recession. I am 30 years old and still have about 30 more years before retiring, that means as compared to some older folks (over 50) out there, my long term dreams are still intact and I will have several chances to make those come true. I feel bad for people who are very close to the retirement and have lost so much money recently that they will have to push out their retirement by few more years. However, some of my short term goals of savings and investments have definitely had an impact. I am not a big investor, but whatever little money I had in stocks is down by more than 50%!! I know I am in the same boat as most of the people. One of my other goals is to take a cruise or a foreign vacation, but slowly it looks like I am going to have to sacrifice this one. I just don’t feel financially secured anymore to justify this vacation.
5. Others
I can think of some unique ways in which recession can hit your life. Family extension plans, marriage, renovating your house, donations and charity contributions, taking care of chronic health issues, desires of higher education etc. At this time, there is no other part of my life which has had a significant impact due to recession.
So, how is recession affecting your life? Would you categorize the issues any differently? I am curious to know if your life truly is recession-proof or not.