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Keys to financial planning in times of crisis

Keys to financial planning in times of crisis

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However, it is not something that only affects individuals but also groups such as corporations, SMEs, civil associations, public bodies and educational institutions. It should correspond especially to the latter, given that the best stage for a person to start in financial education is the early childhood. Of course, through his responsible adults and a suitable pedagogical program that develops the appropriate concepts for each psychoevolutionary age.

Like any other source of learning, financial education contains tools that constitute its starting point: the main protagonists are the budgetingthe knowledge of the income and expenses of moneyand the saving awareness. They seem very elementary factors. Sure, because they are, absolutely.

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We could think that, in our country, this development of financial education is happening “despite” of that usual instability that we talked about at the beginning. First Prejudice. because it actually happens “due” to those crisis cycles that are overcome and then reappear as if they were the baggage carousels of the airports. And it responds to an urgent need, because without financial planning it becomes even harder to weather those storms.

So, the question appears: Can you plan financially in times of crisis? Not only can, but corresponds.

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How is it possible to generate, maintain and increase our money and assets in an adverse context?

The first thing we can consider is debunking some myths. The financial order has a lot to do with the economy, but it does not depend exclusively on it. It is not essential to be a wealthy person to develop financially. Financial tools are not so far from the reach of people nor are they a exclusive niche for specialists, as is often believed. And the investments (which acquire a leading and inescapable role in the matter) are not only made for suitable individuals in economics or seasoned Wolves of Wall Street. Entering responsibly into this new world, which is not cinema but not a prohibitive area either, only depends on our commitment.

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FAME organizes a talk on personal finance

How to protect and implement heritage in times of uncertainty? Can you plan financially in times of crisis?

Source: Ambito

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