Personal Finance Guide: Save, Protect, Grow in Recession
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Brief Introduction
Overcome the effects of the 2020 recession caused due to Covid-19 lockdown by applying practical corrective measures.Description
Here is a short description of the course. “Personal Finance Guide: Save, Protect, Grow in Recession”
This description helps you know as what you can derive out of this course.
This course helps you understand the cycle of recession. Once you understand the traits of the recession that is will be much easier to cope with the effects of the recession.
This course helps you secure your finances and long gained prosperity. The course has been proven to set in motion the right mindset to deal with a situation caused due to the loss of regular income irregular income.
As a part of any livelihood that a person gets a substantial income where he uses that amount to his day to day living. That's how his lifestyle is defined and that's how he budgets he plans and he aspires his future.
There are many ways of income people get income in a short span but they don't have income regularly. This can be seasonal income but the seasonal income does not stand for long and especially when people are used to getting a regular income, they have no clue any idea to keep up with the situation where the income has stopped.
So, when you go through the course it also emphasizes the importance of having savings and having a contingency plan in a situation where your income is drastically brought low or in a situation the income is suddenly stopped so that if you are well prepared.
You need time for yourself so that you can bounce back. If you don't have the time you will immediately fall into debt and you will fall into different traps into a stressful situation which will never let you come out of this situation.
The course here is a direct solution to handle the situations raised from the recession and economic slowdown.
Requirements
- Requirements
- No prior finance or accounting experience is required to take this course.
- Eagerness to overcome the negative effects of recession.
Knowledge
- Once you have completed the course you would have mastered the basic skills to protect your finances during the recession.
- You'll be able to help yourself and your near and dear ones overcome the effects of the recession, you will know and avoid the recession traps created by the situations out of your control.
- You will have a better understanding of the causes of the recession. You will also know how they handle the emotional and financial effects of the recession.
- With the needed knowledge it will easier for you to survive the situation of the global recession. With the right knowledge, you'll feel safer more confident doing things and you'll have a positive attitude towards life.
- You will understand some basic reasons why people have business losses which stops their income.
- All of a sudden, all business losses which leads to a substantial drop in their regular income would understand reasons why people lose a job or their daily livelihood.
- Once you understand the reasons it's very easy to put them into a corrective structure, you'll also see what can you do to cope with the business losses.
- You know better how you can manage job loss and unemployment stress the loss of income or the loss of regular income brings you into the instant state of grief.
- The course starts with explaining what is recession. The causes of the recession are listed and explained further.
- Learn how to handle the emotional effects of recession. Be aware of financial effects that come with the recession. Know ways to cope with business losses
- Best ways of managing unemployment stress are detailed for your reference. Know the right approach to cope with stress of recession.
- In a recession, the mounting of debt is common phenomena. Know the solutions to get rid of loans and gain the right skills to survive the recession
- Impulse buying in times of recession can be a straight disaster. You will know how can you do stop impulse buying.
- Know the simple but powerful budgeting rules to manage your daily expenses. Know the areas where you can save on day-to-day expenses.
- The earlier you start the safer you reach. Investments should not stop in the time of recession. All you should know the right places of investment in times of recession
- This course will equip you to how to deal better with rescission and make you better prepared to face the emotional and financial troubles that come with the recession.
Personal Finance Guide: Save, Protect, Grow in Recession
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Overcome the effects of the 2020 recession caused due to Covid-19 lockdown by applying practical corrective measures. Here is a short description of the course....
