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Hello, dear TGFers, Before anything else, I will tell you that's one of the most important posts you would read here on Top Gold Forum. Please do not ignore it. You will thank me in a couple of months. If you are a regular TGFers you know that since 2020 we are preparing ourselves, as a community, to face the global financial crisis which is already here. I've managed to do well in the '08 crisis and also learned a lot of things that helped me see the upcoming crisis and prepare accordingly. So without further ado, I'm going to list 10 things I suggest you doing it to stay safe and why not, make a profit, in these troubling times. 1. Make sure you and your loved ones are healthy and safe. That's the most important piece of advice I can offer you and you should not take it lightly. It's important to make sure that you and your family, your close friends and your loved ones take care of their health and safety. 2. Take care of your expenses and reduce the non-essentials. If you haven't done it already you should have a close look at your monthly expenses and cut the things that are no longer essential. I did this in 2020 right in the middle of the pandemic and I was shocked to see how much money I was spending on things that I could easily cut or reduce. Just to give you some examples: Subscriptions to online tools and services I barely used. Also, I could downgrade my mobile phone payment by around 60% by switching to a smaller plan and the TV subscription with around 30%. So take a look sharply at your monthly bills and start ASAP reducing or cutting what is not essential. 3. Lower your debt or try to remain debt-free. This is important. As the interest rates are rising a lot you'll pay much more for your loans. Also, the banks and lending companies will become ruthless in getting their money back. That's why you need to lower your debt as much as possible and make sure you are paying the loans on time. If you are or you can easily become debt-free would be awesome. 4. Make sure you're not easily replaceable. This applies to you even if you're employed or a freelancer. During a financial crisis, many companies reduce their working force and the first ones that get laid off are persons that are not essential to the business. So ensure that you bring value to your employer or to the businesses you are working with. Become better, learn new things, and automate as much as possible of your work to have competitive rates. 5. Have 6-8 months of expenses covered. Just in case you get laid off or you simply do not get any more work as a freelancer you should have AT LEAST 6-8 months of expenses for your family covered. I recommend even having 12 months of expenses covered. I know this sounds too much but remember that we don't know how tough the crisis will be. Keep some of your savings in hard cash just in case the banks are going to limit the withdrawals. It's not SCI-FI, it happened before in the 08 crisis in Greece and Cyprus. 6. If you plan to sell anything, do it now. If you plan to sell your house, your car, or some assets you own, I recommend doing it ASAP. That's because soon there wouldn't be so much money in the markets and the interest rates will go up so people will be reluctant to purchase things that are not essential or are overpriced now. 7. Educate yourself - Learn new skills In the 4th point of this list, I've told you to ensure you're not easily replaceable. What I want to emphasize here is that in a recession companies look for ways to cut their costs. And one thing to do is through automation. Besides automation, there are new industries that rise now like blockchain, web3, digital healthcare, electric cars, etc. So don't be afraid to reinvent yourself for the jobs and opportunities of the upcoming years. 8. Develop multiple income streams (side hustles, money-making opportunities, etc) Having multiple income streams ensures you that will still make money even if lose your primary job or income opportunity. In times of financial crisis relying on only one income stream is risky. You may lose your job, your stock investment may plunge in value, etc so make sure you have a couple of income streams that are in diverse industries. I recommend checking the money-making opportunities here in TGF and choosing one or two that fit your skills and your risk profile. 9. Keep your eyes wide open for opportunities A financial crisis it's not only about hard times but also about opportunities. Netflix, Airbnb, Uber, and a couple of highly successful companies of today were started in the 08 crisis. On top of that the stock, commodities, and other assets were at good discounts. As Buffet says "be fearful when others are greedy and be greedy when others are fearful". In a financial crisis, most people are fearful and sell their assets at great discounts. That's the time when you can get them at a fraction of their true value. 10. Pay attention to SCAMs The last piece of advice that I want to share with you is to pay attention to SCAMs. That's because in troubling economic times the criminality rises sharply and there are many that want to get rich by stealing others' hard-earned money. So research everything, and don't fall for promises that are too good to be true. 11. (Bonus) Have a plan It's mandatory to have a plan and stick to it if you want to be well in these troubling times. If you don't have one you will be easily distracted by the news or the events that rise. As long as you have your plan you can adjust it easily but make sure you do everything in your power to reach your goals. Conclusion And there you have it: 10 things + bonus that you should do to do well in the following financial crisis. To recap, this is what you should do to prepare yourself: Take care of yourself and the health and security of your loved ones; Cut or reduce your debt and your expenses that are not essential; Have money aside in case you get laid off and for investments and opportunities that arise; Learn new skills, and become better at what you do; Develop multiple income streams; Pay attention and do not fall for SCAMS; Have a plan! Even if you have not prepared yet, it's not really too late if you start taking action now. What about you? Are you prepared? What actions would you take to be safe in these troubling economic times? Let me know by posting in this forum and let's all learn and prepare

hi to all. i am new here. i hope i will learn from this forum and honored members of this forum

Hi all. Due to my health and looking for work at home. Does anyone have any suggestions?

I have long been interested in the topic of investment and had experience with cryptocurrency, in the end I lost my money and I would like to try to find something new that can bring me a steady income (scammers bypass)

Greetings guys. Need some advice from experienced people I am now actively looking for a job remotely, I want to work from home. I used to be into cryptocurrency, trading on the exchange. But what can I try ot

Hello everyone, thought I would introduce myself. I'm trying to learn as much as possible, so feel free to guide me to good guides and all that stuff.

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Hey, it's good to see you here! I heard about the terrible things that are happening in Ukraine and I sincerely hope you are safe. Let me know if you want to chat with me and get support. I will definitely help you in any way I can

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New exchange, thank you, everything is very fast.

Hi everyone, a few friends of mine introduced me to the forum. I’m glad to be part of this community. Wishing you all patience to make the right choices. Cheers!

Welcome back my friend. Taking breaks is really healthy for us. How’re you now? What were you up to during the break?

My greetings to everyone in the forum. Wishing you all success and health.

My friend from Canada refer me to this page and I started to love it !

Hello, welcome here. I am sure that you would have been missing trading during your break. Lol. All the best for your future career.

Thank you for the list. I watched few of them but i am gonna wach the ones i haven't watched.

Hi, welcome back. How was the break? Wishing you luck and patience in the rest of your journey!

Hey, welcome back! How does it feel to be back here? What did you do during the break?

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.

I'm taking a break on tradings in the next couple of weeks till the markets will stabilize, or at least I hope so.

Thanks a vast for sharing these essential prospects with us and huge gratitude for that. The topic that you've stated is undoubtedly filled with significance and we really can't deny that fact. Anyways, lastly just wanted to tell you that finding a broker might sound hard, and trust me it really is quite hard but if you look properly you'll find some of the best options out there which obviously includes Litefinance since they are providing an ultra-wide range of trading accessories. Have a great day!

As for me, the life of a student is divided into two stages, getting new useful information and writing coursework. That's when I decided that I was ready to start working, I realized that I needed help. I was disappointed and did not know what to do.

Thank you for the information.

Have you taken any courses online? It used to seem to me that such courses would not teach me anything new, but, as it turned out, I was one hundred percent wrong. After the electrolysis school online has passed, I have already started working in my specialty, and I already earn more than before)

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My main area of interest is saving money for the retirement and the best way you can do is by hiring a well known financial advisor. My wife and I hired a financial planner from LLWMG and we are very satisfy with their services.

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It's not really a main interest per se, but I've recently been taking a look into the manufacturing industry of cars and dealerships. I always found it odd how these industries get so big considering that there is not an intensely high and consistent demand for cars. I ended up discovering that one of the biggest foundations of the car industry are parts replacements. The maintenance of cars are what keep them running all-year round! Travelling this rabbit hole, I ended up reading tons and tons of articles about forged wheels–being a heavy crypto fan, if my investments ever take off, I might just end up building a foundry or forgery because of how hot (heh) the industry is.

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My main area of interest in Digital Marketing.

my main area of interest is crypto and traveling

I want to learn how to make money without leaving home

I would like to learn about Forex well. So, don't hesitate to register here. I hope I could learn from this community.