How to protect your finances from political upheavals?

[deucher]

I am very interested in how this can be done, because political changes can also affect you, and especially your funds, because of which the Russian bank can suffer. Does this mean that you need to keep all your funds in private banks and will this provide you at all, because if there could be a very serious political problem, then it seems to me that the entire financial system may suffer and even a private bank will not be able to protect your funds.

 

[Nomad]

One of the best ways to protect your finances is by investing in the market (stocks, bonds, certificate of deposits,etc.) You should also diversify your investment by investing in property as well as liquid assets like gold and silver. Never keep cash, because cash will lose value. You can also convert your cash into crypto.

 

[Yusra]

Diversify your investments across different asset classes, industries, and geographic regions to reduce exposure to any single market. Keep an adequate emergency fund in a stable currency or haven asset. Avoid excessive leverage and debt that could become unsustainable during economic volatility.

 

[Ronin]

This is an important problem in my country because this can happen at any moment and I am not sure that my funds will be protected. My boyfriend understands this more and he plans to buy a piece of gold in order to secure some amount of funds

 

[King Belieal]

Crypto is my best way to stash my funds against all these inflation and political drama. I just buy USDT and know that my funds is safely stored in a currency that is strong and would not easily depreciate.

 

[Teegold]

Crypto is my best way to stash my funds against all these inflation and political drama. I just buy USDT and know that my funds is safely stored in a currency that is strong and would not easily depreciate.

That is a good decision, I think that is what I will have to do too. At least I will know that no matter what happens, the crypto is safe in my wallet which I can get out any time.

 

[eLdavis]

The best way to protect your money while it still generates profit for you would be to invest. You can seek the help of a professional that would put you through on the best investment that suits you.

 

[Tinni]

I think that one should put more of his finances into investments. That would reduce liquid money and one gets value for money as the money keeps increasing.