Are you concerned about the financial crisis?
February 24, 2009 5:53am CST
At these days it's on newspapers all over the world. How should we deal with the financial crisis? How to handle the economical crisis? What to do when you need to cut you budget? I don't feel i am the target of the financial crisis, do you feel so? There are a lot of nationalities out there, how do you feel the crisis?
24 Feb 09
That's great:-) You have been lucky. In Norway there are a lot of people without jobs, some companies goes down. But i think it all started with the stocks over here. Everybody got a stock and the stock balance is influenced by the global economics. When you have enough of those, it's a matter of time before it all crashes.
24 Feb 09
Any entity that claimed not affected by the crisis is not that HIGHLY involving itself to any given circumstances. The point is, global crisis affected all and its influences how the world is going on. Take note of the increasing transportation fare, the decreasing sizes of the bread, the prices of basic needs and the closure of some establishments that we love to buy some stuff. We all are affected, giant companies are affected and how much more the consumers? In this phenomena, there are alternatives to combat with the predicament that we are facing. My tip, is not to depend so much from where you get your finances and have some other source of income. Learn to save. Make a list of the things that needs complete attendance. Set priorities and avoid lending money if it cant give you an income. Bottom line borrow money to make you active and productive; in the case of money lending. Avoid unnecessary expenses. Most of all, give your 10% to the Lord and it will come back to you!
24 Feb 09
I'm not sure if i will anything to the lord, he probably wants us to spend more money on this earth. If not we will get high inflation in heaven:-) But there are some great tips you share here. Thank you very much. The best way is probably to save the money and use the money smart.