The economic volatility surrounding the pandemic | A financial perspective

The COVID-19 pandemic has affected us all in different ways. Of which, our emotional and financial health suffers in such times of volatility. What you need to remember is that during this period, we are surrounded with anxious situations that render us feeling that one situation will result in our entire world. In such situations, we need to take a step back and determine what can be addresses and what is out of our control.

The economic volatility surrounding the pandemic is intimidating. However, we need to focus on some of the positives that have come with the lockdown. The increased mindfulness, and generosity of people opening their hearts to others, as well as the opportunity for people to develop through digital learning has increased. This has allowed our company to operate safely, allowing our financial advisors to continue providing clients with advice and knowledge around their finances.

This time has taught us that when you have enough income to sustain yourself and your family, you need to focus on your health. If you cannot work today or you get retrenched, you will also be in trouble, to those around you who depend on you. What you need to remember is that your biggest investment is yourself. When you pursue what you love, your money will follow – even in a pandemic. The challenge presents itself when your money does start to come in, and you have the responsibility of ensuring that it works for you.

Our financial experts have been unpacking and providing practical advice on the best ways to preserve your financial freedom. All that is required is the will to start – so start today.

Anglowealth is an Authorized Financial Service Provider (FSP Number: 46755)

 

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