Jeff Bezos' tips to survive recession
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Jeff Bezos tip no 1
Amazon founder Jeff Bezos advises people not to buy TVs, refrigerators or make any kind of costly purchases.
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Bezos tip no 2
Bezos warns about the coming recession and asks people to save cash for the difficult times.
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What not to buy?
Car, refrigerator, washing machine, phones and TVs are big no while going to shopping for new year.
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For small businesses
The owners can reduce the risk of suffering in recession by holding on to big purchases like television, cars and other costly appliances. But Bezos still persists in taking risks, said "Take some risk off the table. Just a little bit of risk reduction could make the difference."
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Bezos tip no 3
People should save their money as the economy does not look great right now. "The probabilities say if we are not in a recession right now, we are likely to be in one very soon. If you were going to make a purchase, maybe slowdown that purchases a little bit," he said.