How to step into the new year the right way
1. Cash is king. Only keep liquifiable assets like cash and gold, non-liquid assets aren't productive. Avoid high-risk investments, also put your money on precious metals like gold, they're the go-to assets.
2. Pay off all your debts. Interest will keep on rising due to inflation & scarcity of released banknotes.
3. Don't start a new business that require a huge amount of capital.
4. Gather as much money needed for your own or your family's basic or expenses (e.g. food, travel, medical, insurances) for a year.
5. Protect you and your family using health insurance & life insurance.
6. Be frugal, save on what you can save from your operational expenses starting now. Stop living a lavishly like traveling too often, changing gadgets too often, buying imported branded goods & basically living like a socialite.
7. Don't catch the falling knife. There will be cheap assets popping everywhere cuz their owners need money. Don't fall for deflating cryptocurrency prices & cheap assets.
8. Take care of your physical and mental health.