Please share what you believe to be the biggest risks in finance.
In my opinion, the biggest risks in finance include:
1. Not having a solid financial plan: Without a clear plan for your finances, it's easy to fall into debt, overspend, and miss out on opportunities for growth and investment. Creating a budget, setting financial goals, and seeking professional advice can help mitigate this risk.
2. Over-reliance on a single income stream: Relying on one job or income stream can be risky, as it puts you in a vulnerable position in case of job loss, economic downturns, or other unforeseen circumstances. Diversifying income streams through investments or side hustles can help reduce this risk.
3. Failing to manage debt: High levels of debt can be a major risk factor that can negatively impact financial stability and future opportunities. Managing debt through budgeting, prioritizing payments, and seeking professional help can help reduce this risk.
100% of people mostly have problems in terms of money, whether it's the economy or other things that are necessary for life. Knowing the world of crypto makes me prefer to set aside money for investment from all the problems that have been passed. aware that investment is important for the unexpected future. use money for rounds that produce in the crytpo world lots of ivents or airdrops with capital even though they rarely win at least try to increase income