Managing Money And Investments In Uncertainty

Financial Intelligence Mindset

12/22/20 • 19 min

How are you coping and managing your money and investments in this crisis?

While most people are struggling in this crisis, some are doing extremely well and others seeing it is an opportunity to invest and grow their business and wealth.

Look, the last year has been, and undoubtedly continues to be, unsettling financial and economic times!

Lots of businesses are failing and many are just about able to survive these tough times, meanwhile others are seeing it is an opportunity to grow their wealth. I recently read an article which states that the world’s billionaires “did extremely well” during the pandemic, growing their already-huge fortunes to record heights!

Personally, I think the way people manage money and investments in times of uncertainty boils down to availability of cash, spending habits and risk appetite.

Fundamentally, I believe our emotions influence how we interact with money, whether it is controlling, spending, saving, or investing. It is all about how each of these money activities makes us feel.

Below are a few tips for managing your money in times of uncertainty:

1. Connect with your money mindset, stay positive

2. Meditate, think clearly, and make better decisions

3. Take advise if you need it - speak to a financial adviser

4. Manage your emergency fund – keep cash on hand

5. Review your budget - know where cuts can be made

6. Steady your investments – diversify and hedge risks

7. Get ready for the future – look for opportunities

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