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2020 financial crisis. WHAT TO DO???

Discussion in 'Off-topic Discussion' started by embodiment of luck, Apr 9, 2020.

  1. embodiment of luck

    embodiment of luck Fapstronaut

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    Some of you know that financial crisis was predicted for 2020, even without a virus it would happen anyway. That is not important now, it will be wise to prepare for
    striker that is going to hit us. If you have any advice, information or idea to share about this topic please do. Who knows how much we can achieve when we unite together.
     
  2. Don't spend money on useless stuff. Be mindful and start building your immunity. Also if you live in a high rent place or too crowded area, consider moving to somewhere else where it's a bit open and cheap.

    That's what I am gonna do as soon as possible after this situation relaxes.
     
    embodiment of luck likes this.
  3. Exit the Matrix

    Exit the Matrix Fapstronaut

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  4. ItsSeal

    ItsSeal Fapstronaut

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    Make a financial of your income and spendings in excel. You can see what cost a lot of money, and were you can probably safe some-bit. But i suggest you do this also in financial good times so you have a bugger for the bad times.
     
    embodiment of luck likes this.
  5. xababa

    xababa Fapstronaut

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    The crisis coming along will be the biggest one ever so it will very hard to prepare for it.

    What I started doing for a year now is to withdraw the maximum amount of many from my bank and leave the bare minimum to pay for your bills.

    I have also started to buy some gold ( physical) and silver and put it in a safe.
     
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  6. embodiment of luck

    embodiment of luck Fapstronaut

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    How it goes with gold and silver, I was interested in silver at one point.
    To me it looks like food will be a most valuable asset, many young people in Europe and America chose to attend college, and we have problems with low farmer workers on the field.
     
    Last edited: Apr 9, 2020
  7. xababa

    xababa Fapstronaut

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    Food is extremely important too but I was more focus on how to keep your money safe and keep the value of it.

    The reason why gold and silver are "refuge material" it's because when the Dollars ( paper ) or any kind of money see its value decreasing people will be using gold or silver.

    That's one of the reason why China and Russia are buying shit tons of money when America and Europe are using Quantitative easing like drug addict.

    I am afraid to say that the American economy as well as the Europe one are going to collapse big time.
     

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