•5 years
How can Kowalski react to the financial crisis?
The rise in unemployment begins. Companies go bankrupt. There may be a shortage of drugs or food. How to protect your family from the effects of the impending crisis?
The rise in unemployment begins. Companies go bankrupt. There may be a shortage of drugs or food. How to protect your family from the effects of the impending crisis?
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If, as a result of unfavorable coincidence, we actually see a recession or a global financial crisis in Poland, it will be difficult for us to get back on track. Radical decisions would be needed, and politicians don't like that, because then they lose voters' support. Therefore, it is important to act in advance and have a contingency plan for your family.
In principle, everyone should have some food supply - not because of the threat of war or the zombie apocalypse, but out of common sense. There can always be a longer illness or quarantine or a simple power outage in the city. Worrying about shopping at such a time is an added stress.
I've had a situation in my life where supplies came in handy. That's why I never allow a situation where only leftovers of food remain in the house.
A lot of products will become more expensive, we can be sure of that. This will be influenced by the war, the increase in the prices of energy and related products, as well as transport. The economies of European countries are interconnected by many dependencies, there is probably not a single one that is self-sufficient. Therefore, it is worth stocking up (including the most important drugs) also for economic reasons.
Just buy more of what you usually eat and it has a long shelf life. It's all about saving money, not wasting it by throwing things away. Make some preserves in the summer while there are seasonal vegetables and fruits. If you have a freezer, you can freeze some, e.g. meat or summer fruit. Grow your own vegetables if you can.
Try to prepare for job loss by collecting business contacts, researching the labor market in other industries or towns, and also consider whether you would be able to open a business if necessary. You may need to move or retrain, so it's worth thinking about these issues in advance. And be sure to take care of the right financial cushion to survive the few months that you will spend on finding a new job.
And how to protect your money in a crisis? It depends on what amounts we are talking about.
People with a more substantial portfolio should exchange some of their savings for long-term assets, such as good real estate (because not every house or premises will be profitable in the future), land in an attractive location or physical gold, e.g. in the form of bullion coins. The commodity market is also an interesting alternative, but such investments are only suitable for those who have at least basic knowledge about them.
On the other hand, not everyone has blackheads large enough to afford such expenses with the prospect of freezing funds for a long time. In the place of such people, I would focus on passive income. Thanks to this, they will gain additional funds that can be spent on needed products or services or reinvested. Rising costs of living may make the use of these funds necessary at some point.
Examples of investments that generate passive income are bank deposits, fixed-rate bonds, dividend companies, safe mutual funds or community loans. They do not offer high returns, but with the current level of inflation, it is difficult to find assets on which we will gain more than the decreasing value of money.
Recently, you can still invest in real estate crowdfunding, i.e. the purchase of part of a commercial project related to the construction of real estate. In contrast to the independent purchase of a house or flat, the entry threshold for such a project is low and may start from as little as several hundred zlotys. Thanks to this, we can become a co-owner of many facilities and draw profits from various sources.
The most important thing is to have a plan A, B, and preferably C. We don't know the future, and the safety of the family is too important to rely on "somehow it will work out".
In principle, everyone should have some food supply - not because of the threat of war or the zombie apocalypse, but out of common sense. There can always be a longer illness or quarantine or a simple power outage in the city. Worrying about shopping at such a time is an added stress.
I've had a situation in my life where supplies came in handy. That's why I never allow a situation where only leftovers of food remain in the house.
A lot of products will become more expensive, we can be sure of that. This will be influenced by the war, the increase in the prices of energy and related products, as well as transport. The economies of European countries are interconnected by many dependencies, there is probably not a single one that is self-sufficient. Therefore, it is worth stocking up (including the most important drugs) also for economic reasons.
Just buy more of what you usually eat and it has a long shelf life. It's all about saving money, not wasting it by throwing things away. Make some preserves in the summer while there are seasonal vegetables and fruits. If you have a freezer, you can freeze some, e.g. meat or summer fruit. Grow your own vegetables if you can.
Try to prepare for job loss by collecting business contacts, researching the labor market in other industries or towns, and also consider whether you would be able to open a business if necessary. You may need to move or retrain, so it's worth thinking about these issues in advance. And be sure to take care of the right financial cushion to survive the few months that you will spend on finding a new job.
And how to protect your money in a crisis? It depends on what amounts we are talking about.
People with a more substantial portfolio should exchange some of their savings for long-term assets, such as good real estate (because not every house or premises will be profitable in the future), land in an attractive location or physical gold, e.g. in the form of bullion coins. The commodity market is also an interesting alternative, but such investments are only suitable for those who have at least basic knowledge about them.
On the other hand, not everyone has blackheads large enough to afford such expenses with the prospect of freezing funds for a long time. In the place of such people, I would focus on passive income. Thanks to this, they will gain additional funds that can be spent on needed products or services or reinvested. Rising costs of living may make the use of these funds necessary at some point.
Examples of investments that generate passive income are bank deposits, fixed-rate bonds, dividend companies, safe mutual funds or community loans. They do not offer high returns, but with the current level of inflation, it is difficult to find assets on which we will gain more than the decreasing value of money.
Recently, you can still invest in real estate crowdfunding, i.e. the purchase of part of a commercial project related to the construction of real estate. In contrast to the independent purchase of a house or flat, the entry threshold for such a project is low and may start from as little as several hundred zlotys. Thanks to this, we can become a co-owner of many facilities and draw profits from various sources.
The most important thing is to have a plan A, B, and preferably C. We don't know the future, and the safety of the family is too important to rely on "somehow it will work out".
If, as a result of unfavorable coincidence, we actually see a recession or a global financial crisis in Poland, it will be difficult for us to get back on track. Radical decisions would be needed, and politicians don't like that, because then they lose voters' support. Therefore, it is important to act in advance and have a contingency plan for your family.
In principle, everyone should have some food supply - not because of the threat of war or the zombie apocalypse, but out of common sense. There can always be a longer illness or quarantine or a simple power outage in the city. Worrying about shopping at such a time is an added stress.
I've had a situation in my life where supplies came in handy. That's why I never allow a situation where only leftovers of food remain in the house.
A lot of products will become more expensive, we can be sure of that. This will be influenced by the war, the increase in the prices of energy and related products, as well as transport. The economies of European countries are interconnected by many dependencies, there is probably not a single one that is self-sufficient. Therefore, it is worth stocking up (including the most important drugs) also for economic reasons.
Just buy more of what you usually eat and it has a long shelf life. It's all about saving money, not wasting it by throwing things away. Make some preserves in the summer while there are seasonal vegetables and fruits. If you have a freezer, you can freeze some, e.g. meat or summer fruit. Grow your own vegetables if you can.
Try to prepare for job loss by collecting business contacts, researching the labor market in other industries or towns, and also consider whether you would be able to open a business if necessary. You may need to move or retrain, so it's worth thinking about these issues in advance. And be sure to take care of the right financial cushion to survive the few months that you will spend on finding a new job.
And how to protect your money in a crisis? It depends on what amounts we are talking about.
People with a more substantial portfolio should exchange some of their savings for long-term assets, such as good real estate (because not every house or premises will be profitable in the future), land in an attractive location or physical gold, e.g. in the form of bullion coins. The commodity market is also an interesting alternative, but such investments are only suitable for those who have at least basic knowledge about them.
On the other hand, not everyone has blackheads large enough to afford such expenses with the prospect of freezing funds for a long time. In the place of such people, I would focus on passive income. Thanks to this, they will gain additional funds that can be spent on needed products or services or reinvested. Rising costs of living may make the use of these funds necessary at some point.
Examples of investments that generate passive income are bank deposits, fixed-rate bonds, dividend companies, safe mutual funds or community loans. They do not offer high returns, but with the current level of inflation, it is difficult to find assets on which we will gain more than the decreasing value of money.
Recently, you can still invest in real estate crowdfunding, i.e. the purchase of part of a commercial project related to the construction of real estate. In contrast to the independent purchase of a house or flat, the entry threshold for such a project is low and may start from as little as several hundred zlotys. Thanks to this, we can become a co-owner of many facilities and draw profits from various sources.
The most important thing is to have a plan A, B, and preferably C. We don't know the future, and the safety of the family is too important to rely on "somehow it will work out".
In principle, everyone should have some food supply - not because of the threat of war or the zombie apocalypse, but out of common sense. There can always be a longer illness or quarantine or a simple power outage in the city. Worrying about shopping at such a time is an added stress.
I've had a situation in my life where supplies came in handy. That's why I never allow a situation where only leftovers of food remain in the house.
A lot of products will become more expensive, we can be sure of that. This will be influenced by the war, the increase in the prices of energy and related products, as well as transport. The economies of European countries are interconnected by many dependencies, there is probably not a single one that is self-sufficient. Therefore, it is worth stocking up (including the most important drugs) also for economic reasons.
Just buy more of what you usually eat and it has a long shelf life. It's all about saving money, not wasting it by throwing things away. Make some preserves in the summer while there are seasonal vegetables and fruits. If you have a freezer, you can freeze some, e.g. meat or summer fruit. Grow your own vegetables if you can.
Try to prepare for job loss by collecting business contacts, researching the labor market in other industries or towns, and also consider whether you would be able to open a business if necessary. You may need to move or retrain, so it's worth thinking about these issues in advance. And be sure to take care of the right financial cushion to survive the few months that you will spend on finding a new job.
And how to protect your money in a crisis? It depends on what amounts we are talking about.
People with a more substantial portfolio should exchange some of their savings for long-term assets, such as good real estate (because not every house or premises will be profitable in the future), land in an attractive location or physical gold, e.g. in the form of bullion coins. The commodity market is also an interesting alternative, but such investments are only suitable for those who have at least basic knowledge about them.
On the other hand, not everyone has blackheads large enough to afford such expenses with the prospect of freezing funds for a long time. In the place of such people, I would focus on passive income. Thanks to this, they will gain additional funds that can be spent on needed products or services or reinvested. Rising costs of living may make the use of these funds necessary at some point.
Examples of investments that generate passive income are bank deposits, fixed-rate bonds, dividend companies, safe mutual funds or community loans. They do not offer high returns, but with the current level of inflation, it is difficult to find assets on which we will gain more than the decreasing value of money.
Recently, you can still invest in real estate crowdfunding, i.e. the purchase of part of a commercial project related to the construction of real estate. In contrast to the independent purchase of a house or flat, the entry threshold for such a project is low and may start from as little as several hundred zlotys. Thanks to this, we can become a co-owner of many facilities and draw profits from various sources.
The most important thing is to have a plan A, B, and preferably C. We don't know the future, and the safety of the family is too important to rely on "somehow it will work out".
Machine translated
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K
It's a little too late to be safe now. The only security is savings, and now there is no way to save.
It's a little too late to be safe now. The only security is savings, and now there is no way to save.
Machine translated
O
Kowalski can take several actions to secure his family from the effects of a financial crisis. Here are a few suggestions: Check your savings and expenses to identify areas where you can save. Rethink your purchases and give up unnecessary luxuries. Focus on buying essential groceries and medications. Consider additional sources of income, such as extra work or freelancing, to increase family income. Consult with a financial advisor to develop a financial plan for the crisis. Prepare an emergency kit with food, medication, and other necessary items in case of a serious crisis.
Kowalski can take several actions to secure his family from the effects of a financial crisis. Here are a few suggestions: Check your savings and expenses to identify areas where you can save. Rethink your purchases and give up unnecessary luxuries. Focus on buying essential groceries and medications. Consider additional sources of income, such as extra work or freelancing, to increase family income. Consult with a financial advisor to develop a financial plan for the crisis. Prepare an emergency kit with food, medication, and other necessary items in case of a serious crisis.
Machine translated