Economics of Today.
The Economy of every country is down.Even the Rich People are telling me that their markets are deteriorating rapidly which means they have to cut their expenditure to production to a certain extent.That also translates of selling their assets because in a year or two the buyers will be very scarce or the price of your assets will be determined by the Buyer of which you will hand it with least price.Since you shall be desperate you accept the offer.
What about the Rest of us?
What are we going to sell,to who and how much? Actually, is there anything to sell? Will your Product in Demand?
These are questions which you must ask yourself daily.Take each one daily.Although you don't have the ready answer but you shall alternatives.
Let's come to the solutions.
If you are still working or having a profitable business you must at least bank 25% of your income monthly or weekly.If you have retirement annuity then it will be a bonus to you.
Lower your standard of Living.Discuss with your family and ask them to "lesser" their demands.Of course, healthy food is expensive.
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