Financial Flow Matters: Three Key Areas
Matters of money are like a river that eddies and flows. The water flows to you, and away from you, and pools around you. This maps to three key areas of financial flow of income, outgoings, and investment.
Under the COVID-19 pandemic, personal finances are taking a hit in each of these areas:
- There is uncertainty around the continuity of income, especially in nonessential sectors.
- Major changes in lifestyle mean that outgoings are shifting.
- Investment plans need reevaluation due to volatility.
There is a general realignment of priorities for these three key areas of financial flow. However, you can make this work in your favor.
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