Our country's three-year pandemic control has finally come to an end.

With the pandemic behind us, the domestic economy is set to enter a recovery phase.

However, the three years of pandemic have indeed changed the mindset of many of us and altered the trajectory of the entire economic market.

Over these three years, our country's economic activities have weakened, and the uncertainty triggered by the pandemic has led to concerns about the economic outlook among investors and market participants.

Coupled with the recent uproar over the US debt crisis, the global bond market has also experienced fluctuations in interest rates.

In the next two years, asset devaluation will inevitably appear around us.

Asset devaluation refers to a decrease or reduction in the value of assets.

When the market value of an asset decreases, we can say that the asset has depreciated.

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Asset devaluation can occur in different types of assets, such as real estate, stocks, bonds, commodities, etc.

As ordinary people, how should we better cope with asset devaluation?

Some insiders have proposed five things we should pay the most attention to.

By making a good budget plan, we can better manage our personal finances, ensure that expenditures are within a bearable range, and be prepared for asset devaluation.

First, keep track of and monitor all our sources of income and expenses in a timely manner, understanding our fixed and variable expenses each month.

Second, set reasonable financial goals based on our income and financial situation, including daily expenses and savings, and ultimately form a long-term financial plan.

Finally, based on income and goals, formulate a detailed budget plan.

Allocate income to various expenditure categories and set appropriate limits to ensure that expenses do not exceed your income.

Additionally, pay attention to cutting back on expenses and regular financial reviews and adjustments.

As long as we do these things, we can plan our budget well, manage our personal finances, adapt to the changing economic environment, and cope with the occurrence of asset devaluation.

If you are an ordinary person with some investment experience in the past, please be cautious during this period and avoid investing, as the risk of investment is really too great.

If you insist on investing despite the risk of asset devaluation, please remember these three things.

First, diversify investments.

Allocate funds to different types of assets, so even if some assets depreciate, others may perform relatively stably.

Second, keep up with market information.

Pay close attention to the dynamics of the economy and financial markets, which can help you make wiser investment decisions and take corresponding measures during market fluctuations.

Third, manage risks well.

Understand the risks you are taking and take appropriate measures for risk management, so that you can reduce the impact of uncontrollable factors on asset devaluation.

The three years of the pandemic have made many people realize the importance of job stability, so the number of people taking civil service exams has been increasing in recent years.

Similarly, asset devaluation will definitely make people pursue stability even more.

But don't limit yourself to the option of taking civil service exams; continuously improve your professional skills and knowledge, increase your competitiveness, and increase your value in the job market, which is the most important.

By participating in relevant training courses, online learning platforms, and other ways, you can acquire new knowledge and skills.

This can help you perform better in your current job or lay the foundation for entering a new industry and position.

Actively participate in projects, activities, or volunteer work related to the industry you are engaged in or interested in.

This can provide practical opportunities, expand your professional network, and establish connections with professionals in the industry.

In addition, developing soft skills such as good career planning, communication, and collaboration skills, problem-solving abilities, etc., are also very important.

With the development of the internet, various online lending products have gradually emerged, and more and more people have developed the habit of spending beyond their means.

The emergence of asset devaluation will exacerbate your debts.

For those who take out large loans, the value of the collateral or security assets you hold may decrease due to asset devaluation.

This can have a negative impact on the guarantee value of loans or bonds, causing banks or creditors to be more concerned about your debts, thereby increasing your borrowing costs or limiting your credit limit.

For those who are accustomed to spending beyond their means online, asset devaluation will increase your expenses, which means your net assets will decrease.

As a result, your financial pressure will increase, and your repayment ability will be challenged.

Therefore, we should be cautious about loans and spending beyond our means, avoid having too much debt, and not bear more uncertain risks.

When asset devaluation occurs, what we fear the most is sudden and unavoidable large expenditures.

Among them, illness is the most common.

Having appropriate health insurance and protection can alleviate the unforeseen financial pressure caused by health issues.

Similarly, for your fixed assets, appropriate commercial insurance can also protect you and reduce the economic losses brought about by asset devaluation.

In short, looking at the current situation, asset devaluation will definitely happen in the near future.

But we don't have to worry too much, the relevant national departments will definitely take macro-control measures, even if asset devaluation occurs, it will not cause too much turmoil.

But we should not be too relaxed either, remember to always stay vigilant, as long as we start from our daily lives, slowly develop good habits, we can minimize our losses.