A SURVIVING STRATEGY TO ECONOMIC MELTDOWN:5Keys to not been a victim of the unknown….

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To better understand the subject matter, let’s reeve a lil bit on economic meltdown,

Am sure as typical Nigerians it’s not new to us what this is about Few weeks ago i publish a post on State of the Economy:Increase in the cost of living in Nigeria do well to check that outsource

What we are experiencing now is as the result of the aftermath of the covid-19, and more of it will hit the nation if proper measures are not taken

recall during late 2019 running down to end of 2020 it was a total lockdwn during these times the economy was choking, i mean it could hardly breath these was when the e_commerce industries experience a boost in sales

now when the lock down eases, you know the economy was in total shutdown stagnant and immobile to get it started would require a lot of effort a time,

what we re experiencing is the after effect and it might take longer before a developing economy like ours to see the 8break of day .since the lockdown there’s been up and down, rise and fall in prices, exchanges rates as different economies of the world stretch for air to survive and come out of the lockdown omen, so the central banks are on their toes to catch up with trend,….its like when you are deep in waters and you come out gulping for air .

Recall that earlier these year Bitcoin hit a record high of $63,375 still by june 2021 it slumps to $30,000 These caused a lot of heartbreaks and investors pulling out but by next month we saw an uprise increase with an up scale upto $50.000 by August 2021

I decide to drop a lil stuff about bit coin prices because we were ask if we would leave or continue building, the community, reverse would be the case if if your eyes is on the prize than for the love of it, ofcourse from my analysis you already know the answer to that.

HOW THEN DO WE SURVIVE THE MELTDOWN AS i have stated earlier, as far as you’re a typical Nigerian surviving is not something new, because the economy naturally teaches you how to survive the hard way out….. I'd Love To Share The Following Tips

          DIVERSIFY YOUR EARNINGS:  

you should know by now that we always tend to spend more than we earn, What would you do if you have a 1billion in your account… like a miracle you did remember all that you’ve budgeted to buy since january, and before you know you’re out of cash….. have multiple earning channel

           INVEST IN MULTIPLE SOURCES:  

the average person should have at least four source of income that means multiple streams of income so in the case of a down turn not all of ‘em goes down the drain you have so you get survive on a cushion i pretty like the way jurisdeus puts it….

             BE CREATIVE.:… 

creativity comes in thinking wide, basically as an entrepreneur i see diverse avenues of making money, not that I’m desperate, but because i see solution to peoples problem and if you provide solution to people’s need they’d give you all just to get your product or services.

               BE INNOVATIVE.  

When one door closes some were there's a window find it an open it, don’t do something for so long and expect a change that is foolishness when the world was helddown for almost a year, men began to think of an alternative means to normal life that’s when Zoom came to limb light, e-commerce trade sky rocketed, e-learning was coming alive…. diversification was the new other….. think on these things

                 BE FUTURISTIC….  

what kills is is that we only aim at satisfying the immediate, now now syndrome that why after that we look for another, i placed it this way we re still in 20th century while other advance economy are already in 22nd century not literally per se but there are already there in the sense of projection and and current state of living which is as a result of what was planned years before now… Get this, Do you know that during the lockdown there are people that didn't felt it, even now, they don't understand what you re going thru because before they get to the future they have already set structures system routes and organization to handle it so they arrive the future prepared and not taken unaware by event and circumstances.

I duly believe with this view point i have been able to convince you and not to confuse you that there is a way out to economicy meltdown and not been the victim of the unkown.