What now? What about my bills? – Ways to Survive Coronavirus Crisis

coronavirus economic situation

With all the anxiety around the coronavirus, quarantines, and price gouging on toilet paper things are a bit crazy.

Retail is collapsing, restaurants are closing, hotels are laying off, banks are cutting branches. But even with that, we believe it is our utmost responsibility to take good care of our well being and those around us. The reaction of the people are quick, alert, and the panic started to dissipate in around three weeks when supermarkets are refilling the shelves with massive effort and kindhearted entrepreneurs are stepping up to invest in local mask production, and university researchers developed new ways for faster and lower-cost virus testing kits.

But despite this crisis, we are also very happy to see the bright side of humanity, where many people volunteer to organize and send materials to those less privileged in their communities. 

We may have not won this war yet – but WE WILL. That’s for sure.

Alertness and getting prepared is what’s mostly essential in this tough time. Panic will only amplify anxiety and fear. Those should be avoided because it may just lead to stress and weaken the immune system. Keep your calm, stay vigilant, and take all the precautionary measures.

We are all under the same sun, anyway. For times like this, what we can do is to make sure we don’t add burden to the medical system that is already overwhelmed. It means taking vitamins, exercising for at least 20-30 minutes a day, sleeping and drinking enough water, feeding your soul with positive vibes, and cleaning your home properly. It’s also best to stay in the know. Make it a habit to wash your hands with soap properly and disinfect your area.

But another serious worry that people face amid this morbid situation is how to keep up with all the finances. We already know about the coronavirus and how it’s become a pandemic poised to wreak not just potential health problems but serious economic problems as well. Either way, it’s always better to be prepared so you can protect yourself and your family from an impending recession.

So here are helpful ways you can survive this Coronavirus crisis:

 

DO NOT PANIC.

The only thing worse than a pandemic are the people who try to over react. We already know it’s a serious issue. Let’s not make it worse by propagating fear. Problems are solved by sound judgement not hysteria. And if there’s anything you must be wary about fear, it’s that someone who’s afraid tends to make bad decisions.

MULTIPLY YOUR MONEY BASKETS.

If there ever was a perfect time to diversify your income, this would be it. Because if your income and livelihood is only coming from one source, you’d be put in a very vulnerable position.

Build a side hustle.

Launch a new business.

Do some freelance work.

 

Whatever it takes not to rely on just one source, do it. It cannot be denied to hear of stories of employees leaving their jobs because of the economic impact of this virus. Don’t let it happen to you.

 

WORK AT HOME

There’s also hope for individuals that fall victim to the downsizing effects of Coronavirus pandemic. By signing up for work at home or online jobs, you can instantly make your skills available for hire to the growing number of businesses that will be tapping into this platform.

This isn’t a band aid solution, the remote workforce is booming as more organizations are adapting to this more efficient method of doing business.

The recession has not yet hit, so it’s not too late for businesses and individuals to start implementing a safety protocol.

The Coronavirus outbreak has caused businesses globally to trial a work from home experiment that is highlighting the incredible benefits of this remote working model. The coming recession will finally tip the global workforce scale in favor of this innovative staffing model, dramatically shifting the working landscape as we know it. 

And since the remote working model also combats climate change, it isn’t just the key to surviving the recession, it’s the pathway to a more efficient and sustainable future for everyone.

 

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