The lockdown because of COVID-19 has impacted the world economy very much and so individuals are suffering too. Here are 7 financial lessons the COVID-19 crisis has taught us.
1. Overconfidence leads to poor financial decision-making
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2. Everyone needs an emergency fund
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3. Developing multiple streams of income is more important than we realized
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4. Debt stinks
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5. Saving for retirement is not for the faint of heart
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6. Financial margin is key
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7. Generosity changes lives
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