The Chinese word for "crisis" consists of two characters. One of them is translated as danger, and the other as opportunity. You can survive a protracted financial crisis with a minimum of losses and get out of it even with acquisitions. The main thing is not to panic, as experts advise.
Instructions
Step 1
In times of crisis, many face the problem of how to preserve their savings. Financiers do not recommend investing in foreign currency. They believe that its rate is unjustifiably overstated, therefore, the sale later may bring losses.
Step 2
Gold does not fall in price, but it is not a panacea either. The price of the precious metal fluctuates, which makes it impossible to make more or less truthful predictions, so investing in gold is considered a risky business.
Step 3
Antiques and works of art that never fall in value are considered safe investments. But to make a profitable investment in this area, you need to be a specialist or have a reliable consultant. In addition, this is a long-term investment that will bring profit in at least ten years.
Step 4
The ideal investment during a crisis is investment in yourself. It can be education, which will help to retrain and find a good job with a decent salary, or health, the quality of medical services can decrease during a crisis, and the cost can rise noticeably.
Step 5
Try to avoid loans. If they have already been taken from you and there are difficulties in paying them off, immediately contact the bank and try to solve this problem. Surely they will meet you halfway and draw up a new payment schedule.
Step 6
If you are going to open a deposit, then minimize the risks and divide the savings into two parts. Place one on a ruble account, and the other on a foreign currency account.
Step 7
Be sure to plan your personal spending, revise your budget, and start saving. Create an emergency supply if you don't already have one. Set aside fifteen to twenty percent of each amount you receive. You can use these funds only under force majeure circumstances.
