Don't work for banks in the era of high interest rates. Reducing debt means reducing cash outflow, which helps to stabilize the mentality, help to cope with all kinds of family and social turmoil, and avoid a sharp decline in the quality of life. Don't forget, borrowing in the economic crisis may lead to negative equity.

2. Increase cash holdings

Cash is king. Although there is a great possibility of currency depreciation in the event of economic crisis, the pace of long-term appreciation of RMB will not change. Increasing cash holdings will help reduce various risks brought by investment and financial management in the economic turmoil, improve psychological expectations and stabilize the quality of life.

Reduce consumption

In difficult times, you should cover your wallet tightly.

4. Liquidate assets

Take profit and stop loss at the right time. One is to prevent the sharp depreciation of assets and wealth (such as investment and speculative real estate) after the economic situation deteriorates further, and the other is to actively participate in more and better investment and financial management opportunities when the economic downturn begins to pick up in the future.

5. Treat investment with caution

The definition of risk is uncertainty. Blindly investing in the economic turmoil may eventually make you lose even short positions. In times of economic crisis, opportunities do exist, but reducing losses is always more important than making money.

6. Transfer of assets

A gentleman does not stand under a dangerous wall. Assets should be transferred from high-risk and high-bubble assets, such as real estate, corporate equity and private equity, to conservative and defensive assets, such as medium and long-term antique collection investment, short-term national debt, gold and precious metals investment. But be careful and pay attention to the timing.

7. Don't guess

Impulse is the devil. Under the background of economic crisis, every opportunity in the securities market and speculative market may be a trap. Don't fantasize that you are the lucky one who can make money in a zero-sum game.

8. Reduce job hopping

Stability is more important than anything. When the economic crisis occurs, there will inevitably be a lot of unemployment. In fact, no enterprise has a good life under the macro background. Instead of stepping into an unfamiliar new company, it is better to stick to your post and share weal and woe with your existing boss. Of course, the premise is that existing enterprises can survive the crisis. If doomed, then leave without hesitation.

9. Wait patiently

Be prepared for danger in times of peace and look at the overall situation. Wait patiently for the situation to improve, wait patiently for the good times to reappear, and wait patiently for the best investment opportunity to come. Mentality is the most important, and vision is long-term. Those who don't seek a lifetime, don't seek a moment; He who does not seek the overall situation does not seek a domain.