There are some things that are good for us to know about our money, opportunities and actions during a pandemic. I know that in quiet times, everyone talks about passive income. The dream of most people is to invest EUR 10,000 and then take a passive income of EUR 5,000 every month. This is impossible both before and now. However, to say that if in a normal economy money can be invested that carries a monthly income, then in a pandemic economy, the safest way to save and multiply our money is only through a long-term investment that will save and multiply our money after the end of the state of emergency.Повече
Many people worry about their savings and their money in general in times of crisis and pandemic. It's important to know that in order to be calm, we need to understand money, not study previous crises. All crises are different, the world is changing after each of them, and if we take the previous ones as an example, it is certain that we will be among those 99% of the people who will suffer losses from the crisis. There are similar examples of war, and France is one of them if one considers the recent wars.Повече
People's place of living has always been determined by their need for better living conditions. At the very beginning of human civilization, people lived in settlements up to a maximum of 300 people. At that time, there was no need for protection from other people, because they simply did not attack each other. A little later, with the development of human systems, a portion of these (more efficient) groups of people began to accumulate wealth and store surplus, which tempted those who lacked wealth and fortune. The tempted decide to obtain the goods through robbery.Повече
In world history, every age has its beginning and its end. There is no case in which the contemporaries of the era felt or knew when its end was coming. The reason for this is that their way of thinking has evolved according to the requirements of the era and this has absorbed all their attention and thoughts.
When a person strives to stay on the crest of the wave, he puts all his efforts into this action, so he misses the events and signals that prompt this change. After the shifting event (I will use the name Black Swan, which Nasim Taleb gives as an unforeseen catastrophic event), 99.9% of people take a wait-and-see position hoping to revert to the old order.Повече