As you know, there is the coronavirus outbreak which also has a great effect on the economy. I wouldn’t touch on the health aspect, but I’d like to look at another aspect of it: personal finance.
How can we cope with hard times there? Well, the current situation reminds me of the importance of risk management. There are always risks in what we do.
We can’t be certain of the outcomes of our actions. Furthermore, there are factors beyond our control. What we should do is anticipate risks and be prepared for them.
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