Axis
Valued Contributor
Economic crisis do not only influence the way of life of business but also it's negatively influence the way of life and existence of private individuals. However not a handful of people are able to survive during economic crisis. Economic crisis include economic situation like inflation, recession, and devaluation of countries currency. However situations like this, could lead to increased cost of living and low standard of living on private individuals. To survive given economic crisis it is definitely necessary for private individuals to prepare in advance. Advanced preparation could be saving and investing money so that in a situation where the country hit economic crisis, you could definitely be shield from any negative consequences or repercussions. Also surviving during economic crisis could also involve relocating elsewhere where the standard of living and cost of living are moderate. However this second option is only taken when the economic crisis have devastatingly destroyed the growth and development of the economy without any need to repair.
In countries like Nigeria which resides in West Africa, economic crisis is bound to reach 100% in the coming years, however majority of people are making advanced preparation of how they could be able to survive any negative repercussions or consequences. Personally I am engaging in the financial activity of investing and saving money, which is definitely what I recommend each and everyone of Us in this forum to do.
In countries like Nigeria which resides in West Africa, economic crisis is bound to reach 100% in the coming years, however majority of people are making advanced preparation of how they could be able to survive any negative repercussions or consequences. Personally I am engaging in the financial activity of investing and saving money, which is definitely what I recommend each and everyone of Us in this forum to do.
