Be prepared

Gulf Business|July 2020

Be prepared
These four financial moves can help tide you through challenging times
Jayesh Patel

With the ongoing outbreak of Covid-19, people have been forced to think twice before stepping out of their homes into public spaces. Seeing that the death toll of the coronavirus has officially surpassed that of the previous SARS pandemic in 2003, it should be everyone’s responsibility to make conscious decisions and take the necessary precautions to protect ourselves, our loved ones, our communities and countries as a whole.

That said, it is no surprise that times like these have the potential to hit us really hard financially as well, especially if we are not prepared for it.

The reality is that outbreaks such as Covid-19 may occur from time to time, with little to no warning at all. As a result, the global economy could face significant challenges.

While we are making the conscious decision to take precautions to protect our health right now, how many people have had the foresight to make the same conscious decisions to ensure that their financial health is in order to face economically challenging times?

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July 2020