In the past three years of the pandemic, we have all experienced many ups and downs. When we think that the epidemic is over, we will usher in the good times of life, but we find that life is still not easy, and it becomes more difficult to make money. But in difficult situations, we need to make smarter choices. Here are four areas I would like to share so that we can avoid unnecessary troubles during tough times.
Rational consumption: In the past, in the era of economic prosperity, we expected wages to continue to grow, so many people became "moonshiners", enjoying the pleasure of consumption and ignoring the importance of savings. But now the situation has changed dramatically. Jobs are no longer stable, and earnings can be interrupted at any time. In such an environment, we must avoid spending ahead of time and making unnecessary purchases. Moderate, sensible spending and prepared savings will give us greater security in the future.
Stay away from gambling: At a time when earning becomes more difficult, some people may choose to gamble instead of thinking about getting rich overnight. However, gambling is always a very risky activity, and it is often only a few bookmakers who actually win wealth, and more ordinary people may end up losing a lot of money. Gambling is not just a loss of money, it is more about the harm to life and family. In difficult times, we should cherish every penny we earn more than take risks.
Entrepreneurship and money: Entrepreneurship is a path full of challenges and opportunities, but it is also extremely risky. Some people may think that it would be better to stop working for others and start your own business. But before thinking about starting a business, we should be well prepared and considered, make sure we have a viable plan, and leave a back for possible failure. Blindly borrowing money to start a business can lead to even greater hardship for yourself. If you do decide to start a business, make sure your funding sources are safe and secure and don't put unnecessary stress on yourself and your family. Borrowing and investing: When money becomes precious, we need to be more cautious about borrowing and investing. For relatives and friends who want to borrow money, we should judge according to the situation and avoid breaking family or friendship due to money problems. In terms of investment, especially real estate investment, we should have a clear understanding of the current market situation. Some properties in third- and fourth-tier cities have lost their investment value, and blind investment may cause significant losses. In short, there are always ups and downs in life, and the key is how we deal with them. In uncertain times, making more careful and informed choices will help us navigate difficult situations and toward a brighter future.