No one knows what the economic future awaits the world. Forecasts remain only forecasts. But if a new crisis is inevitable, all that remains for us to do is prepare for the worst-case scenario. How can we do this? In order for negative consequences for us to become less painful, we need to increase our active work. If you earn and invest in assets, these assets will bring income over time. Constantly developing and increasing profit growth is very good, but in difficult times you need to be able to save and protect your money. Diversify your income portfolio. If you do not intend to use a variety of sources of income and financial reserves, then you risk losing out.
I wish everything morally and financially be prepared for any obstacles!
Topic: Global economic and trade crisis - page 7. (Read 3312 times)
That question will be best answered if they are directed to economic managers and policy makers of Governments around the world or even on the U.N. and its very frustrating that most ordinary people just like me can't do so much to prevent or influence it since that scenario is unavoidable due to the fact that certain countries have different economic agenda and would do anything to achieve them regardless of any bad outcome it will result to other trade partners.
As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?
You cant avoid it. If it will happen it will happen. You cant do anything about it not to happen. What you can so it to use it in your advantage. You can do that to store your wealth into some liquid asset that will not lose value now. In past that was Gold. Then when prices fall most you use that Gold to buy whatever is there to buy. Of course you can fail at doing so. Maybe crisis will never come, maybe will only come in many years from now and you will buy Gold to early. Maybe you will start spending gold to early since crisis will be much deeper as you expected. Maybe you will start spending your Gold to late since crisis will be much weaker as you expected. This reminds me of day trading in crypto.
As countries' economies face major challenges, the biggest economic crisis in history will come out in recent years. What methods will you use to avoid the biggest economic crisis in history?
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