The coronavirus has brought the whole world "to its knees", put us "under pressure" and forced us to change our money habits. In this article, we will talk about how to protect your personal finances from the effects of the coronavirus pandemic and the crisis in the global economy that it has caused. 1) in a crisis, everyone falls "A little bit" All of us have to work hard all of us.

14.05.2021
The coronavirus has brought the whole world "to its knees", put us "under pressure" and forced us to change our money habits. In this article, we will talk about how to protect your personal finances from the effects of the coronavirus pandemic and the crisis in the global economy that it has caused. 1) in a crisis, everyone falls "A little bit" All of us have to work hard all of us. And everyone will have to work hard. We can't hide our money "under the mattress". We can't run to banks and spend credit money "for a smoker's heart". We politicians assure us that they will do all the right things (and we will get all the benefits of their "well-fed wife" with our hair on our arms). We need to earn money, make money on our own (and not wait for a salary increase). 2) in a crisis, there are no stable investments The coronavirus has brought us "to our knees" and placed us in a difficult financial situation. It has become obvious to everyone that something is wrong — no one will solve the problems of our economy and the crisis within the single-minded focus of only one "crazy heart". Therefore, adjust your money "forever" by making your money "work" for you.Adjust your money so that it is "smart" and effective:beggar no matter what happens, adjust your money (remember, every person has their own financial "language").3) in a crisis, the rich will "Fly to the rich"The coronavirus has brought the global economy to its knees. And the rich will definitely fly to the rich (and take money from everyone with their mouth open). We will all be "eaten up" by the end of the year. the new year — after all, the money invested "in Bets" will "never work".Begging and rampant hoarding will end sooner or later.4) in a crisis, it is not the number of quarantines that matters, but the timing of their implementationTherefore, carefully study all possible scenarios for the outbreak of the epidemic and the onset of the crisis.In particular, be sure to conduct a "risk assessment" of your financial instruments and consider all possible risks (including the most modest).5) in a crisis, you need to act right NOW Paul Krugman strongly advises his readers to "Buy stocks." And if the previous paragraph made you uncomfortable, then I advise you to do the following::stop reading articles where Paul Krugman advises his readers to "Buy stocks";stop buying indexes (which depreciate against the dollar);stop buying currency and index funds (which are increasingly becoming prohibitively expensive for many investors);buy "baskets of money" (which will definitely bring high returns with minimal investment costs);start using the "compound