Title: I&#x27;m 32 years old and living in Europe and come from a blue-collar worker&#x27;s family.<p>I&#x27;m pretty good at my job (broader data science) and have been earning US-level income while maintaining Eastern Europe-level expenses for the last 7 years or so. Thus, I&#x27;ve managed to have a decent amount of savings in cash and index funds &#x2F; ETFs .<p>During the last recession (2007-8), I was just 16yo and my family was hit pretty hard back then. Now, I do believe that recessions are the only realistic way to achieve real social mobility, and have been planning to really benefit from the next one (whenever it happens).<p>Any additional thoughts, tips, and personal experiences are welcome.
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