How Do You Handle Risk When the Economy Takes a Hit?

With all the talk about a potential recession, I’ve been wondering how others adjust their strategies to stay ahead. I’m big on investing and crypto, but I know downturns can shake things up. Do you lean more toward defensive stocks, or do you see opportunities in undervalued assets? And for those into crypto how do you balance the volatility with long-term holds?

Also, curious if anyone has tips for keeping cash flow steady when markets get rocky. Side hustles, dividend plays, or just tightening the budget? Would love to hear what’s worked (or hasn’t) for you.