Kovis-19 has slowed down many businesses around the world.

The disaster has left more than 30 million people unemployed in the United States, which has a population of 330 million, in the past month and a half.

The economy will remain sluggish as people avoid crowds before they can find a cure or vaccine. With the advent of vaccines, not all economies will recover immediately. It takes time for the economy to get back on track. We will have to wait patiently for this time.

Here are some do's and don'ts for the downturn.

  • Employee Whether you are an entrepreneur or not, there is no guarantee that your current job will last forever. First of all, you need to do your best in the workplace to avoid being fired. Employees should try to be as essential as possible in the job, and business owners should try to be attractive to customers. It's a time to try harder than your competitors. This is a time when employees should not rush out of work. It can be difficult to find a job.
  • You should avoid buying houses and cars during this time, taking into account future income. For example, buying a house with a loan; Avoid buying a car. It is a time when income is uncertain. It's time to avoid taking on new debt.
  • You should have at least 6 months of cash as an emergency fund. One year is better, and three years is better. Unfortunately, this can be a problem for those who are struggling to make ends meet.
  • People who do not pay interest because they are not in debt are more likely to breathe during these stressful times. Instead of spending money when you have a good income, you should pay off your debts quickly.
  • If you are unable to pay your debts due to the recession, apologize to your creditors. If you borrow more money to pay off your interest, you may end up in debt.
  • Your possessions; You need to think carefully about selling your investment when the market is down. If you have to sell at a lower price to pay off your debt, you need to be able to calculate your profit and loss with interest.
  • If you lend money at this time, you will end up losing a lot of money. It's time to dump her and move on.
  • There is only one person who can hold a lot of money at this time. For those who are already saving money to buy a home or a car, it is better to wait patiently before buying and buying a house that is for sale at a cheaper price than expected. Avoid spending a lot of money and running out of money.
  • Reduce costs. Check everywhere where you can save. If necessary, reduce all living expenses one step at a time. For example, buying cheaper rice instead. Moving to a cheaper place; Selling an expensive car and buying it back at a cheaper price. Use the money you spend every day on a monthly basis? We need to consider whether it is possible to reduce it.
  • If your revenue streams are currently blocked, try to find other sources of revenue. There are opportunities in the midst of crisis.
  • You also need to be careful not to get scammed because there are so many scams on the line these days.
  • When you feel down, read to improve your knowledge. Watch educational videos Find Out Where The High-Paying Freelance Copy-writing Jobs Are Get ready now for a better business day.
  • Take care of your health wisely. Health is a bribe.

Due to the disaster, the goals were not achieved. Do not be discouraged if you feel overwhelmed. Try to be a resilient person in the world and be happy in the present. Be content and thankful for your good fortune. Compassionate and help as much as you can to those who are in a worse situation than you.

Most of the letters I have written may have been defensive articles that warned me to be prepared in the face of such difficulties. Instead of blaming fate for a crisis, it is important to prepare for it now.

It will rain in the village. If you do not want it to rain, you need to bring an umbrella with you, and if you do not have an umbrella, you need to be able to withstand the rain. It is better to be able to enjoy the rain while taking a shower.