Savings as a vital aspect of financial freedom in this economic recession

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The economic situation of things has made things go the other way around. Financial status of most people is nothing to write home about,some cannot afford to live the kind of fulfilled life they wish to live because the economy is not favorable to them.

Every human adult wants to be financially free from the shackles of debts and instability. They want to own assets that would yield profits in one way or the other. People have ventured into crypto by investing in certain crypto coins and hodling for future purposes and benefits. Others have engaged in the traditional aspects of savings by investing in real estates, stocks and so on. All in the bid to have something tangible to fall back to when there is a recession or for retirement purposes.

Taking Nigeria for example, if you snooze here you would loose. The minimum wage is so bare that it cannot afford three square meals in a month. Every one has taken to side hustles to provide and also to save. With the way things are, the economic recession is here to stay as the rich keeps getting richer and the poor, poorer. Only the intelligent few are finding out their ways out by using the opportunity of the bear market to buy some crypto and utilize during the bull season.

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