Preparing for an Economic Crisis – Belk on Business – Episode 139
Prepare for an economic crisis resulting from high inflation, market crash, bank runs, national debt default which generally results in a material devaluation of currency by doing the following:
1) Invest in foreign markets that are in a healthy economic position or market cycle
2) Invest in assets with reliable cash flow
3) Diversify savings across different asset categories (currencies, precious metals, stock market, ETFs, real estate, cryptocurrencies, etc.).
4) Maintain some liquid assets
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