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5 Tips to Prepare Your Funds Before the Next Pandemic

Updated on May 22, 2020
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Vikram Brahma is a Digitalpreneur, Author, Blogger, Writer, & YouTuber. He loves to write content & spend time working from home.


What is the one thing in which we can trust always, if we have enough? Why we are working so hard day and night? What is the one thing which we like to have more? Why some countries are considered rich and others are poor? Well, I am sure you might have guessed the right answer.

Yes, I am talking about money, finance, wealth and cash. I assume and pray that right now you’re earning well. But what will happen tomorrow if a pandemic will arrive, again? We never know what will be the situation tomorrow. So, are you in that comfortable position to save yourself financially if such a situation will occur tomorrow?

So, let’s understand what are the five simple tips which can help us to manage our money better. But the real fact is there is no short cut, so start as soon as possible.

Finance, wealth, money, cash - so many names
Finance, wealth, money, cash - so many names

Stop Spending On Unnecessary Things

First and foremost important tip is you should understand the difference between necessary and unnecessary things. I learned this very hard way.
So, let me share my own experience. I have stayed and worked in New Delhi for ten years and during that time I was earning well.

I was young and I had no clue as how to invest or how to save money. I wish I have learned these tips a long time back. I had a habit of watching movies in PVR cinema and purchasing movies CDs during those times.

Now, I find those habits of purchasing CDs and watching movies all useless because now I hardly watch them. So, I spend roughly Rs. 200 (one CD) X 200 (CDs) = Rs. 40,000/- and I might have spent another Rs. 40,000/- for movies in PVR cinema in ten years time. So, you see I spend around Rs. eighty thousand on things which were unnecessary. Instead of this, if I had invested them in the bank or in the post office scheme I could have got better returns.

Create Emergency Funds

I don’t know whether you have heard about this concept before or not. In other words, we call this concept - save for the rainy days. In simple words, it means we need to set aside regularly some asset or in our case money. By practising this one habit we will be creating a reserve of money for us.

Here, I want to clear that emergency means flood, natural disaster, job loss, pandemic type situations, car repair etc. And not for situations like you want money for smoke, burger, pizza, beer and movie tickets etc. Please take this habit very seriously. It will be better if you can start saving some money every month in a Systematic Investment Plan (SIP).

Pay off your loans and debts
Pay off your loans and debts

Pay Off Your Loans And Debts

If you’re are a businessman you will know the importance of taking loan for growing your business. And you will also understand how important it is to pay off loans and debts on time.

It is true that when we get loans from the banks we feel very happy. But many people realize that they are not in the capacity to repay the loans. So, my honest advice will be to take a loan only if you will be in the position to repay it on time. And if you have taken the loan, repay it as soon as possible. As monthly instalments will going to put unnecessary pressure on you and your family.

Start A Retirement Funds

Just like I have suggested to start the emergency fund, in the same manner, you should think of retirement funds well in advance. So, to do it you can take some long term insurance policy.

And if possible take insurance policies not only for yourself but even for other members of the family. And I sure you can manage in today’s time where we have the concept of the nuclear families, where both husband and wife work.

Create A Source Of Passive Income

This is my favourite advice. While working for full time, each individual should start to create his/her source of passive income. I fully understand that to create this system it takes times. But this is necessary in towards world. So, I will like to share one suggestion in this direction.

Digital Marketing made it possible for people to start their online business from home. And millions are working online on a part-time basis, so what is stopping you? You can start your writing career on Hubpages, you can start a YouTube channel, you can start Print On Demand (POD) on websites like Redbubble or start affiliate marketing career etc. There are so many possibilities, you just have to learn a few of them and work continuously for a few months. Then you will automatically see the results.


I have written this article by understanding the current trends due to pandemic and lockdown. Money is the only commodity which will always help you as per your need. You only need to understand how you can acquire it. Read more about it. Read about famous people how they generate wealth or take some course on wealth management or advice from the right individual.

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2020 Vikram Brahma


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