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Meme King could spark one of the biggest legal fights in Wall Street's history. Source:

I think that diversifying your income is one of the best things you can do. In my case, I am trying to do that with affiliate marketing by always researching and keeping up to date with affiliate programs especially in the make money online niche. Also regarding crypto and the bear market: if you intend to hold it, be careful with storing big amounts in exchanges or other centralized entities.

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@widhie75 yeah I know about the Asian cris but Indonesia recovered pretty well. However there is still room to grow.

If there is a financial crisis, which we may face in the near future, what I have done and prepared is to run a real trading business that people need on a daily basis. Currently, apart from being a forex trader, I also run a small traditional food business. All food ingredients are very easy for me to buy in the market. I was assisted by family members, so I did not spend a lot of business capital and funds to pay salaries and operational costs. I also have no debts or loans from other parties. Even though it's far from what I hope, to become a multi-millionaire businessman, I believe that I can survive the crisis by doing a real small business like this.

I have been hearing a lot about a looming economic collapse, and I know that many people are having a hard time because of inflation. I'm not an expert by any means, but I would like to share what I plan to do make my life easier if this happens. I joined this forum to learn more about finances and investing. So the first thing I plan to do is to become more knowledgeable about money, and how to use it to make more money. To make more money, I plan to learn affiliate marketing. I know that it won't be easy, but I realize that I'm going to have to add more income to what I already earn. My next move will be to add more money to my savings account. I've heard that we are supposed have a savings equivalent to six months of expenses. I've also heard others say that we should have at least a years worth of savings. I plan to spend less on unnecessary items to meet my saving goals. It has dawned on me that I am going to have to re-think some of my spending plans. I wanted to do some remodeling, but I can see now that I will have to postpone it. I don't want to have to pay on another loan. I am going to keep my car a few more years also. Thankfully I'm not in a lot of debt, so without making any new debt I should be fine. I also plan to cook more, and not eat as many meals out as I do now. I love to eat out, so I'm trying to rationalize it by saying that groceries are so expensive now that it's cheaper to eat out. Of course I know this isn't true, but it makes me feel better because I hate to cook! These are my ideas and plans for weather the storm. I'm eager to read about how other folks plan to manage through this tough time.

A global financial crisis is the most feared, because as the developed countries suffer from losses due to recession, the developing countries suffer more. Bank loan cuts will limit investment, slow GDP, and raise unemployment. Even if any developing country’s financial systems are spared major damage, the fact that industrialised economies are facing a recession is likely to impact them.