Learn ways to protect your finances during recession
5.0 (2 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4 students enrolled

Learn ways to protect your finances during recession

Steps to protect your finances during the recession
5.0 (2 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
4 students enrolled
Created by Kumar R
Last updated 4/2020
English
English [Auto]
Current price: $15.99 Original price: $24.99 Discount: 36% off
13 hours left at this price!
30-Day Money-Back Guarantee
This course includes
  • 5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • This course helps you understand the cycle of recession. Once you understand the traits of the recession that is will be much easier to cope with the effects of the recession.
  • This course helps you secure your finances and long gained prosperity.
  • The course has been proven to set in motion the right mindset to deal with a situation caused due to the loss of regular income irregular income.
Requirements
  • Eagerness to overcome recession
  • Willing to avoid the recession trap
Description

This course helps you understand the cycle of recession. Once you understand the traits of the recession that is will be much easier to cope with the effects of the recession.

This course helps you secure your finances and long gained prosperity.

The course has been proven to set in motion the right mindset to deal with a situation caused due to the loss of regular income irregular income.

As a part of any livelihood that a person gets a substantial income where he uses that amount to his day to day living. That's how his lifestyle is defined and that's how he budgets he plans and he aspires his future.

There are many ways of income people get income in a short span but they don't have income regularly. This can be seasonal income but the seasonal income does not stand for long and especially when people are used to getting a regular income, they have no clue any idea to keep up with the situation where the income has stopped.

So, when you go through the course it also emphasizes the importance of having savings and having a contingency plan in a situation where your income is drastically brought low or in a situation the income is suddenly stopped so that if you are well prepared.

You need time for yourself so that you can bounce back.

If you don't have the time you will immediately fall into debt and you will fall into different traps into a stressful situation which will never let you come out of this situation.

The course here is a direct solution to handle the situations raised from the recession and economic slowdown.

Who this course is for:
  • Individuals Impacted with recession
  • Economic Students & Tutors
  • Anyone who wishes to learn this topic
Course content
Expand all 114 lectures 05:07:56
+ Introduction
5 lectures 10:49
Prerequisites & Target audience
01:33
Course objectives
01:05
Table of content
03:15
+ Understanding recession
3 lectures 16:05
Definition of recession
05:55
What happens during a recession
05:55
Average duration of recession
04:15
+ Causes of recession
10 lectures 27:06
Recession due to natural disaster
03:10
Recession due pandemic
02:47
Recession due high interest rates
02:14
Recession due a stock market crash
02:46
Recession due falling housing prices
03:18
Recession due Industrial slowdown
02:20
Recession due to regulation
02:56
Recession due to poor management
01:06
Reason for 2008 recession
02:42
Reason for 2020 recession
03:47
+ Emotional Effects of recession
8 lectures 17:00
Disturbed family life
02:35
Unwanted lifestyle changes
02:13
Crunched family budgets
02:16
Lack of business opportunities
01:44
Fluctuation in real estate value
01:47
Loss of education opportunities
01:36
Increase in debt
02:01
+ Financial effects of Natural Disaster
4 lectures 08:54
Costs Associated with Direct Losses
03:07
Costs Associated with Indirect Losses
02:08
The Commodity Effect and Scarcity
01:34
Opportunity Costs
02:05
+ Coping with Business losses
4 lectures 08:56
Find someone who will listen to you
04:38
Communicate completely what happened
01:48
Write down what you learned
01:13
Make it firm policy
01:17
+ Managing Unemployment Stress
9 lectures 29:18
Grief after job loss
04:01
Reach out to stay strong
02:24
Involve your family for support
02:44
Face your feelings
04:06
Get moving to relieve stress
01:41
Eat well to keep your focus
02:42
Take care of yourself
01:27
Stay positive to keep up your energy
02:40
+ Coping With Stress of Recession
9 lectures 13:49
Talk about it
03:35
Spend time with friends and family
00:47
Take care of yourself
00:54
Limit exposure to images of the disaster
01:47
Find time for activities you enjoy
01:13
Take one thing at a time
01:23
Do something positive
01:23
Avoid drugs and excessive drinking
01:21
Ask for help when you need it
01:26
+ Solutions to get rid of Loans
14 lectures 38:33
Reading Law books related to Debt
03:37
Prioritizing the loans
07:46
Stop taking further loans
02:43
Pay yourself first
04:08
Self-repayment plans
03:31
Consolidating Loan
02:28
Voluntary Depositing
01:58
Credit Counselling
02:34
Negotiation
03:19
Debt settlement
01:01
Assets Liquidation
01:16
Debt relief Order
01:06
Protected Trust Deed
00:42
Bankruptcy
02:24
+ How to survive recession
9 lectures 31:54
Preparing for a recession in advance
05:42
Create an emergency fund
04:11
Pay off all possible debt
02:28
Create new income opportunities
03:48
Branch out your investments
02:42
Reduction in regular expenses
03:23
Keep the money flowing in
02:05
Keep saving as much as possible
02:54
Find ways to enjoy life
04:41