It's a tough world out there. Unemployement rate are going up. Share prices have gone down in free fall. But don't despair.
Here are 10 tips to ride out the recessions:
1. Take stock of your cash position
2. Home Loan
3. Credit Card Debt
4. Consolidate your debts
5. Review insurance policies
6. Review your investment portfolios
7. Investment checklist
8. Use of CPF top-ups
9. Use the SRS
10 Recession proof your job.
My view? Life goes on. Try to make the best out whatever situation you are in. Be prepared for any waves that comes in and continue to aim for shore. Planning is still critical to make sure you are ready with your armour even when you are caught in an unexpected scenaro.
Here are 10 tips to ride out the recessions:
1. Take stock of your cash position
2. Home Loan
3. Credit Card Debt
4. Consolidate your debts
5. Review insurance policies
6. Review your investment portfolios
7. Investment checklist
8. Use of CPF top-ups
9. Use the SRS
10 Recession proof your job.
My view? Life goes on. Try to make the best out whatever situation you are in. Be prepared for any waves that comes in and continue to aim for shore. Planning is still critical to make sure you are ready with your armour even when you are caught in an unexpected scenaro.
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