I found this was a good read:
https://www.jackson.com/financialfreedomstudio/articles/2019/02/what-to-do-if-a-recession-hits.html
2 replies (most recent on top)
Age old wisdom Have a fixed income stream that covers your living expenses. Live well within your means. Have 2 or 3 years times annual expenses in cash equivalents so you are not tempted to draw money out of investments (huge cost of opportunity lost on market rebound years later). If you are comfortable with risk, lower your expenses and invest the difference while investments are lower priced. Above all invest in yourself and stay healthy.
Obviously the answer is to keep working if you can otherwise you're drawing down assets at distressed prices. It’s the opposite of buy low and sell high.