How long can you survive without an income? 1 week? 1 month? 1 year?
This pandemic has jolted many into an unexpected, stark reality of what a financial crisis is all about. So, how will you survive the next one?
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In this Alux.com video we will be answering the following questions:
What are 15 Ways to Survive the Next Financial Crisis?
How to survive the next financial crisis?
What is some good advice to survive the next financial crisis?
How do I prepare for the next financial crisis?
What will trigger the next financial crisis?
How do people survive the economic crisis?
Where should I put money in a recession?
How to survive economic collapse?
How to survive financial crisis?
How to survive recession 2021?
How to survive a recession in business?
00:00 – Intro
00:19 – Reduce your debt
00:57 – Learn to differentiate between your creditors
01:42 – Know which assets are safe and which are not
02:26 – Maximise your liquid savings
03:20 – Learn skills so you don’t need to outsource
03:59 – Start living more frugally now
04:43 – Re-negotiate any insurances, contracts, or monthly expenses
05:33 – Have multiple income streams
06:14 – Invest in Crypto now
07:29 – Don’t neglect routine maintenance
08:05 – Start growing your own produce, going solar, upcycling, re-using your water
09:05 – Boost Your Credit Score
09:32 – Tell people about your situation
09:54 – Be prepared to share and start now
10:32 – Acknowledge that downturns happen
10:59 – Question
#alux #financial #money
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