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I have been preparing for this financial crisis for the past 2 years. My initial action was to purchase a large safe. I also made sure that my house is insured and I have enough cash to last me for at least 6 months. I also made sure that all my debts are paid off and that there is enough money left in my bank account to last me for at least 3 months.
It is hard to give specific advice when I don’t know the details. Rule 1. Stop all unnecessary spending. Rule 2. If you haven’t already done so, build an emergency fund of at least USD 1 000. Rule 3. Find another source of income.
Remember. When you’re in a hole. Stop digging.
Good luck.
my strategy is simple
investing most of my cash in long term ventures (as realstates & manfucturing) & spend all I can afford to spend right now to buy long lasting goods as everything price is going to double or triple in the coming 1-5 years some things prices will sure skyrocketing in the coming years
there is no benefit from saving cash money right now as current money will be half its value in short time and may be even less in few years to come
there is also a huge benefit from investing in myself acquiring new experience & knolwedge in my field of work and also learning new thing in new fields beside my main lifetime job