#All4null How to cope with financial crisis.

Is a beautiful evening and I hope we all are doing much better.

Friends you can agree with me that no human or business is immune to financial crisis that can lead to financial setback, this can be as a result of unexpected disaster like fraudulent act fire outbreak war sickness and fall in price of investments and many more, before we talk about how to deal with financial setbacks let understand what that word financial setback means.

What is financial crisis or setback

Financial Crisis or setback means lossing a hug amount of assets and this will affect my mood of spending.

Simply put this is the situation where I can not do things i normal do before because I don't have money, I may not afford to fix my car I may not afford to feed my family to the usual extent, I may not be able to pay our bills because i don't have the money

More to that, financial crisis might begin from our centralized banks and gradually spread to individual, this often occurs when investors withdraw thier asset or when price of assets depreciates.

How to cope with financial crisis

In some situations people who suffer from financial crisis loss thier life as a result of cardiac arrest while some develop some strong sickness that they will manage all through thier lifetime.

But it is very possible to cope with financial crisis no matter how huge the loss might be.
When we do the necessary adjustment we will be able to cope.

Lets see some of those adjustments

• Pray for directions and act accordingly.
• Reduce expenses so as to pay off some incurred debt.
• Try as much as possible to avoid new dept.
• Try as much as possible to maximize liquid dept.
• Have a plan budget of monthly expense.
• Plan on how to make extra money.

How can we apply this to steem blockchain

Yes at some time steem started depreciating because most of us where just withdrawing all our earnings and this can be likened to an investor who went ahead to withdraw all his assets leading the bank to financial crisis and this will affect the masses.

So to add more value to steem blockchain steemit team initiated the clubs, and it has really been helpful but we are yet to achieve our aim on steem price.
So to increase to the value steemit team approved the idea of #burnsteem25 and it has been helpful too.
We still need to do more for steem value, so now we have the project call #all4null ,whereby you set 100% payout to null by this we burn more steem hoping to bring more value to steem blockchain.

In doing all this we will avoid the crisis that might befall steem price in the future.

Conclusion

Yes a house needs adequate maintenance to look good all the time, a business needs constant auditing to evaluate and know if the business is really doing good and if in any way there is a problem that might lead to financial crisis the business owner will try as much as possible to protect his or her business or asset.

Lets do our best to bring more value to steem blockchain and surly we will not regret it.