Glad to see you again.

The next decade has started and a few important questions popped up:

How should I use my money in this year 2020 in order to get the most of it?

Well,keep on reading..

But just before that , I like to take this opportunity to suggest you to subscribe to my website:

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So let’s cut to the chase:

This new year brings new challenges and new opportunities.

In 2020 it is the right time to start putting money aside, saving even in euros and trying to get higher incomes or a better paying job in another field.

As expected from recent political events and the evolution of the world economy, 2020 comes with a number of challenges. The good news, however, is that you have a number of tools available to help you approach the new year in a healthy way.

More savings, less credits

Start at the beginning. Stop thinking about how to get a loan to buy a Samsung Galaxy S11 or iPhone 12, as the loans are really only useful when they are investing to generate money.

Instead, if you haven’t done so before, the easiest thing I can tell you is to start saving. And if you want to throw the reply that “you have no where to save”, I give you some tips: reduce or completely quit smoking if you are a smoker, reduce the number of lunches taken in the city or adopt a more lifestyle accessible and, ironically, healthier. Yes, I mean reducing or eliminating carbonated juices and sweets in general.

Even 100 (enter here your currency) in CASH if you save every month in this way is a big step forward, especially if up to now you have been waiting for your payday.And I say cash because CASH is still king when the problem appears on the horizon for the banks.

SAVE in another currency if you live in a developing market

This advice is specifically for the readers that live inside the European Union:

The end of this year has brought a series of episodes of devaluation of the national currency against the euro for a lot of countries from the EU, and experts anticipate that this trend will continue next year.

Therefore, my advice is to have at least 30% of your savings in euros, in order to protect you from the evolution of the exchange rate. In addition, this strategy is healthy especially in the context in which the Romanian economy is strongly euroized, with many products that have the price in euro (rent, housing or telephone bills).

I know, interest rates on euro deposits have been virtually zero for some time, no matter which bank you go to for money. Even so, I still think it is important to have savings in this currency as you will gain from the eventual devaluation of the leu.

AIM FOR a bigger income

The labor market is radically changing as a result of new technologies emerging, which is why 2020 should also be the year you seriously think about your career.

First, inflation will continue to rise, so you should try to get a pay raise at your current job. Obviously, you should not remember inflation as a justification for your application, but apply a number of tips that I detailed in an article to be published tomorrow (another reason I suggest subscribing).

Also, you can use the extra money to get the savings we talked about above or to make various personal investments that you haven’t allowed before.

I suggest using this website’s resources to find out more about hobbies that help you make a 6 figures income , even part time ,that I offer for free in the menu from the top of the page

Alternatively, if you are working in an area that no longer satisfies you and / or does not give you growth prospects, it may be time to move on to the next step.

Consider a career change

Changing your field of work can be a difficult subject to digest for many people, especially if you are approaching or have been around for 40 years.

The good news is that in many areas, age is not the deciding factor, but the skills you have for a particular job.
If you have come to the conclusion that you want to do something else, the first element is to identify what you want to do, based on your passions and what you feel you would like to do. Then look for information on how you can get to work in that field.

At this point, it is time to look for various vocational training courses for that field. It may be an accredited offline course or online courses on various dedicated platforms such as Udemy.
However, it is important to take the first step and document yourself to see if it is worth trying for a career in the field that attracts you.


Regardless of your personal financial situation, it is important to be aware of the evolution of the local and global economy, as this will help you to make better decisions for your future.

With this strategy you will be able to adapt relatively easily to the inevitable changes that occur in the economy without being caught by surprise, as is often the case for those who do not pay attention to events in the economic sphere.

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