{"id":6791,"date":"2018-04-12T08:21:53","date_gmt":"2018-04-12T14:21:53","guid":{"rendered":"https:\/\/www.personalfinanceforbeginners.com\/?p=6791"},"modified":"2019-09-11T08:43:54","modified_gmt":"2019-09-11T14:43:54","slug":"financial-crisis","status":"publish","type":"post","link":"https:\/\/www.personalfinanceforbeginners.com\/financial-crisis\/","title":{"rendered":"6 Tactics You Need to Survive Your First Financial Crisis"},"content":{"rendered":"

\"bearIt\u2019s been almost 10 years since we faced the last major financial crisis.<\/span><\/p>\n

Since then, most 20-somethings have enjoyed relative financial prosperity in terms of their investment portfolios.<\/span><\/p>\n

Yes, it\u2019s no secret that a high percentage of Millennials face challenges with crippling student loans<\/a> and housing prices that are out of reach. For the fortunate, however, the last few years has been a period of wealth-building \u2013 with many seeing an uptick in their income and net worth.<\/span><\/p>\n

While many young professionals have been \u201cgetting while the getting\u2019s good,\u201d this bull run will eventually come to an end. This isn\u2019t based on any magic 8-ball or looking at tea leaves\u2026 It\u2019s a natural result of the economy.<\/span><\/p>\n

This post is part of Bear Week, an initiative by the blogger <\/span>My Sons Father<\/span><\/a> to help individuals and families prepare for an inevitable economic downturn. During these periods of financial uncertainty, it\u2019s easy to panic\u2026 resulting in not only an emotional burden but sometimes questionable decisions as well.<\/span><\/p>\n

Is “Bear Week” not enough to get you excited about your personal finances? You may want to check out our Jurassic Park-themed post, Reviewing Jurassic World: 4 Lessons to Save Your Money from Extinction<\/a>.<\/em><\/p>\n

In this post, we\u2019ll look at some of the causes behind financial crises (personal and widespread), how you can avoid and minimize the effects of a crisis, and what tips you can use to get back on solid financial footing as quickly as possible.<\/span><\/p>\n

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