Recently I notice և I study many changes in the financial world.
Let’s go back to the beginning of time. I imagine that long before money was used, people found a way to exchange goods and services. They may have used shells or feathers or other items of nature to trace transactions.
It is supposed that approximately in BC. The concept of money was used in 5000, but before BC. The year 700 was required for societies to make coins from metal. Then countries start minting their unique coins, banknotes with different values, designs.
The concept of banking is documented to have taken place in BC. circa 2000, when traders lended grain to farmers so they could plant crops to traders.
When I was growing up, there were banks, but the easiest way to find out our financial situation was to just put our hands in our pockets. If it was empty, you knew you were broken. It was scary to think about going to the bank to ask for help.
I remember when I was a teenager, when my paternal grandfather encouraged me to buy a “bond” so that I could help the country earn և interest by cutting coupons. Introduced me to the idea of earning through investments.
In 1946, the credit card was introduced in North America. That changed everything. Suddenly people could buy things without having money. If you have paid the minimum period, your limit has been increased. People changed their mindset from having money to spending it just to get enough credit to buy what they wanted.
Banking services have grown, as have interest rates, and personal and public debt.
The Canadian Taxpayers Federation claims that our current federal debt of $ 713 billion is now increasing by $ 878 per second. If you’re ready to do an amazing reality search on your computer for borxhclock.ca, this site shows that each Canadian share of federal debt is less than $ 30,000.00 this month. And this is just a federal debt, not including regional or personal debt.
And now that the epidemic has hit the economy hard, North American governments are printing incentives or helicopter money. The more they print, the less value it has. Think about how such situations have affected Germany և Venezuela in the past. After all, the dollar was so cheap that buyers needed a full cart to buy a loaf of bread.
So what are the solutions? Many individuals and companies have invested in the stock market. Rumors predict an impending collapse due to economic problems ման the devaluation of the dollar. Growing fears led to the search for other options.
Many people buy cryptocurrencies, which are digital assets with extremely high volatility. Options such as Bitcoin, XRP և Ethereum have been described as an investment that will turn individuals into millionaires overnight. The skeptics describe cryptocurrencies as the air that feeds investors հույս can disappear with the click of a button.
Another group buys physically precious metals, such as gold and silver. Instead of buying them as paper warehouses or putting them in storage, they keep them in personal cabinets. They use historical trends to justify their hope that the price will explode as the dollar depreciates.
Other commodities, such as timber, copper, and agricultural products, are also considered reasonable choices as prices rise rapidly.
Now I’m definitely not a financial expert, I do not intend to give advice on how to invest. However, I am a registered psychologist who knows that a person’s “sleep factor” is possible. Fear և High risk can harm both your physical and mental health.
In this age of change, make sure you focus on what you can manage, not what you can not control. Do some good research before taking any action. Limit the amount of input from “speaking leaders” who offer opinions rather than facts.
Eat nutritious. Exercises. Relax enough. Pay your bills. Spend your time in activities that make your soul sing. Laugh often.
And the most important thing is to measure yourself by who you are, not by what you have.