It is possible and interesting to analyze the reasons of economic recessions and financial crises, but it is unproductive. It is unambiguously possible to tell that crises are cyclic and it is necessary to be ready to their approach. It is more important to decide for himself how to endure an economic crisis with the minimum losses. As practice and experience of the people who stood in the previous critical situations for this purpose shows it is necessary to involve the whole complex of decisions.
How to endure crisis?
Financial crisis comes not spontaneously therefore it is quite possible to be prepared for it in advance. It is wrong to perceive crisis as just loss of money, it is a turning point of redistribution of finance.
There are two options as people endure crisis - most of people suffers and loses money, and someone during this period, on the contrary, becomes richer. To be among minority which benefits from global economic changes it is important to consider a number of factors at a preparatory stage.
To distinguish the exact time approach of crisis can be difficult, however it is possible to expect it, being guided by economic and political events in the country and in the world. At devaluation of national currency and sharp appreciation of dollar first of all the businessmen who are engaged in import and export suffer, and together with them under blow workers and employees of their enterprises get. Practically before everyone during such period there is a question how to endure crisis to the ordinary person. Businessmen have the fulfilled exit techniques from financial scrapes, most of them has the capital and an insurance in a stock. To answer a question how adequately to meet and endure crisis advice of skilled people and economists will help:
- Cut in expenditure. In the run-up to the financial cataclysms each person has to reconsider and optimize the expenses. Especially it concerns those whose income significantly fell. Even if salaries did not fall, the lack of means will be felt because of rise in prices of various products and services. Perhaps much should refuse about items of expenditure in the form of entertainments, rest. Anyway at revision of expenses it is necessary just to ask itself a question – what you will be able to do without?
- Reduction of savings. During the crisis period the money depreciates, it means that it is the best of all to make the saved-up investments in the planned purchases. At devaluation of currency and jump in prices you will not be able to buy desired goods on the saved money any more. If you lack money for purchase, for example, the car, then you should not borrow. To repay debts in crisis very difficult.
- Search of additional income. During the crisis period very often it is necessary to look for collateral sources of earnings, someone is helped by a hobby, for others freelance can become a good way of a side job. Many enterprises during crisis address search of remote workers, trying to save expenses.
- Search of sources of passive income. Possibly, each family has the emergency ration in the form of bank deposits, precious metals, securities go just saved money in foreign currency. These means can become the assistant in crisis.
- Creation of a stock and return of debts. The credits in foreign currency in crisis – very serious problem. Against the background of growth of a course they are capable to enter you into long debt dependence. When in financial circles only begin to speak about crisis, it is necessary to try to get rid of any debts and credit obligations. It will be reasonable to pay not only the credits, but also to make in advance some payments beforehand.
Using the recommendations of experts, it is possible to find ways how to endure financial crisis and even to completely change the life. On a wave of economic shake-ups many find for themselves a new source of income. Study experience of other people, be engaged in self-education, try to get a new profession. Now the occupations connected with the Internet – creation and advance of the websites, marketing, remote work in online stores, etc. are very relevant.