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Recession: Do you plan to buy TV, fridge at the end of the year? Listen to Jeff Bezos’ warning about big spending…

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Recession: Do you plan to buy TV, fridge at the end of the year? Listen to Jeff Bezos’ warning about big spending…

Jeff Bezos: “If you’re considering buying a big-screen TV or an expensive refrigerator, my advice is to wait,” says the former Amazon CEO.

Recession: Do you plan to buy TV, fridge at the end of the year?  Listen to Jeff Bezos' warning about big spending...

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Washington: Are you planning to buy a television, a refrigerator at the end of the year or at the beginning of the year? But think twice before you spend. At least that’s what Amazon founder Jeff Bezos suggests. According to him, a major financial crisis is coming. During this period, the accumulated capital must not be spent. Those who are planning to buy big electronics or any other expensive goods for the upcoming Christmas and English New Year, he asked them to refrain from spending money now.

According to the founder of Amazon, the financial recession has already started all over the world. The economic situation of the country as well as of the world is expected to deteriorate in the coming months. In this situation, it is better not to spend the savings just because it is the holiday season. Products like television, refrigerator or car, which are very expensive, it is better not to spend this money.

The former Amazon CEO said: “If you’re thinking of buying a big-screen TV or an expensive fridge, my advice is to wait. Save that money and see what happens tomorrow. The same goes for a new automobile or any other product. Exclude all risky expenses from your financial savings.

He also gave the same advice to small traders. At that time he said to save money without buying new equipment. “Take all risk off the table right now,” Bezos said in an interview with CNN. Hope for the best, but prepare for the worst.

Jeff Bezos said he would give away much of his $124 billion fortune. Basically, the founder of Amazon will donate this money to those who work to unite ordinary people by solving climate change, social and political conflicts.

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