Learn more about moneyandinvestments with this collection
How to use storytelling to influence and persuade
How to create a compelling narrative
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Preparing financially for the future
With the perspective of an economic crisis in 2020, some of us already have to rethink our spending habits to make ends meet. Others may feel more financially secure. But when recessions come, they tend to come for everyone.
We have to start reevaluating our budgets, and possibly start saving as much as we can.
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How to treat your income
Whatever income you are earning right now should be treated like it’s temporary.
Treat your current income as if it might need to stretch for as long as possible. It doesn't mean you need to cut back on everything, but you might need to consider cutting some of your expenses so that yo...
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Saving versus spending
Saving money now is worth more than spending money later. This advice applies to any budget item that you could spend less on now.
Even if it is a really great deal, remind yourself that cash in hand now is worth more than an unnecessary purchase.
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The next thirty days of saving
If you're unsure what you should be doing with your money right now, cut expenses and save every bit of money for the next 30 days. Then, reevaluate.
- Did you trim as much as you could've?
- Did you purchase anything you regret?
- Did you fail to purchas...
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Related collections
Other curated ideas on this topic:
Reconsidering priorities
Living through a crisis can be genuinely formative. There are enormous growth and power that can come from it.
With business as usual, we tend to become accustomed to an autopilot mode of living. Aspects that we once thought important, like what to wear or buy, are now really petty....
The Reason For Not Judging And Expecting
We need to stop judging and expecting because it stops our factual understanding. We have already come to a conclusion, our preferred way of something to be, and reality is bound to be different.
Expecting and judging will make us unhappy as reality is never what w...
Forgetting the First Language
While our brains are flexible and adaptable as children, we tend to start having more rigid learning and relearning skills as we grow old.
There have been some extreme cases when the mother tongue or the first language is completely forgotten in adults.
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