The global economy has been in a bit of a tailspin ever since the novel coronavirus started spreading its tentacles around the world. Countless businesses have taken a hit. And while recovery efforts are in full swing as we approach the first anniversary of the emergence of COVID-19, it would be a while before everything is back to normal.
However, some sectors are thriving in the current climate as well. The most obvious one being pharmaceuticals. Others include ed-tech, logistics, consumer goods, network marketing (MLM), etc. It’s this last segment that has grown a fair bit since the onset of the pandemic, particularly in the United States.
COVID-19: A Blessing in Disguise for network marketers?
Worth more than $35 billion today, the network marketing industry is evolving quite rapidly. This is largely due to the Internet, social media, and online forums that brands now have access to wider audiences. Compared to the past when door-to-door sales used to be the...
The novel coronavirus has affected the world in various ways. Other than the loss of life, the economic fallout of this pandemic has been no less devastating. So many businesses shut down; and many others that survived had to lay off a significant part of their workforce.
With countless people losing their jobs and having income streams dry up overnight, an imposing mental health challenge has emerged as well. In the United States alone, about 45% of the adult population has had its mental health negatively affected as a result of stress about COVID-19 and its financial implications. This is according to a survey conducted by the Kaiser Family Foundation back in March 2020.
The situation is no different for women. In fact, they’ve fared far worse in many ways. For instance, working women have faced greater layoffs compared to their male counterparts. According to data gathered by the National Women’s Law Center, about 61% of job cuts in retail alone were attributed to...
It’s probably been said a million times already, but I believe I need to say it again here at the outset.
“The world might never be the same again thanks to 2020.”
The global spread of the coronavirus earlier in the year demonstrated just how uncertain life really is. Yes, death can meet anyone at any time whether or not there’s a pandemic in your area. But there’s a lot more you need to be prepared for.
As the planet went into lockdown, we all became painfully aware of our vulnerabilities. The seemingly simple but crucial things can no longer be taken for granted. Going forward, alternative options to secure our futures will be needed to hedge against unexpected occurrences like COVID-19. This applies to all areas, especially health, money, power, or overall well-being.
For working women, this means a whole lot of responsibility to tread carefully. We know that they have borne the brunt of the pandemic. If you can relate to this, now...
All your life you have been told that finance is complex, and managing money is better handled by professional accountants or managers. That is as far from the truth as possible.
Life can become a whole lot simpler when your finances are in order, and you can teach yourself to do it. A well sorted out financial plan cannot be stressed enough in the post-pandemic world where so many people are struggling to find decent work and having a hard time making ends meet.
Even if you didn’t lose your job this time around, living from paycheck to paycheck is tough anyway. In my career as a financial coach, I’ve met many people who fall into high-income brackets but still struggle to afford a life they truly desire.
If you’re in the same boat, then don’t stress over it. A lot of Americans have probably never had sound money management advice in their life. And when the pandemic struck, not many had a solid contingency or fallback plan. Very few people have side...
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