It’s no new thing that the present economy situation of Nigeria is not favourable to the average Nigerian.

Prices for food,scarcity of fuel and other things are on a daily increase.

Most salary earners can’t make significant use of their salary as it is not enough to carter for their needs and that of their family too.

However, most people blame this whole hardship and the present conditions of the country on the consistent rise and fall of the Naira against the U.S dollar which of course has affected the price of almost everything, because most consumable goods are often
imported.

With all this happening in the country, it makes one wonder if those at the top don’t feel the hardship too, or they don’t see the struggles of the average man all in a bid to earn a living and probably to feed, cloth and
shelter himself.

But the truth still remains that there is nothing ordinary citizens can do about this state, to change the economy situation without a significant backup from those at the top. And when their decisions are
contrary to what you wished for or expected, it only makes matter worst.

Hence, you are left with no choice than to live in the fog of hardship that clouds the nation. But there are ways whereby you can actually survive the hardship and avoid
feeling the hurt as everyone else.

Even if you do feel the hurt, it will be very minimal.

The Economy Growth of China
Few years back, China was in same situation as Nigeria if not even worse. But presently in terms of volume, China is now the second-largest economy in the world and can count on surpassing the United States in the years to come and – to believe a certain number of economists – on
becoming the world’s leading economic power by 2020. The question now should be, how was it possible? How did they manage to rise from the bottom to the top?

This also provides hope and signify that, Nigeria’s economy can also be strong. There definitely will be a silver lining, it may take a little time to spot it.

Take for example, the scarcity of fuel, despite the hike in fuel price, and the scarcity of the product, many people were able to fuel their cars and generator set as usual not undermining the cost of acquiring it.

It was not because they had the money in excess to get the fuel, but because they were able to adjust to the situation and they discovered ways to maximize their management skill.

Same thing applies in this same condition. The ability for you to survive in a very hard economy does not depend on how much money you have, or the ability to get what ever you want.

As a matter of fact the more money you spend the more unhappy you are likely to become because you are spending more than you earn. The ability to spend less and save more, makes you happy.

Survival Tips:
Therefore, the first thing you should know is that, for you to be able to survive the economy situation in Nigeria, you should be able to minimize the rate at which you spend money. Avoid spending cash on less
important things or things you know you could probably do without.

Focus on things you know you really need and are essential to you at that point in time.

Secondly, You should learn to thrive and make money for yourself even in the hard economy. You must thrive to have a personal or multiple source of income or a side hustle alongside your normal job.

However, you must learn to make good use of the money.

They say that if you took all of the wealth in the world and spread it evenly amongst all the people, within 50 years, 82% of the people would still be in the same economic
position as they are today. This is because wealth is behavior-based and less dependent on outside factors than you may realize.

Furthermore, in relation to the points above, there is something very important tends to weigh us down in times like this. And that is going after things we know we can’t really afford.

We all want to buy that nice designers shirt, shoe, that nice sport car and others. Well this is the time to get your eyes and mind off those things because you don’t want to
incur debt in this present economy
situation. If you can’t afford it, don’t buy it.
This is often the easiest point to understand, but it is one of the hardest to implement when all those goodies are staring you in the face and the seller is telling you that it’s
Ok! You can buy on credit or pay in installment.

Also, when you are in debt, ensure you clear off that debt as soon as possible. Paying interest on anything only makes someone else rich.

Another major tip you will need in other to survive in an hard economy is that you should never depend on the government. Most people often think the government will be able to help them, by providing them with
what they need such as creating employment, but unfortunately this is often the time when the government has the least amount of money and freedom to help its own citizens. In most cases, the government won’t save you, so you’ll have to save
yourself.

However, if everyone keeps their money to themselves without spending much what then happens to the economy or stock? Will the economy plummet or come to a halt?
Because in actual sense, when economic times are hard, governments urge their citizens to spend. By doing this they will
support the economy, which translates into higher stock.prices.

However, it’s important to do one thing 100 percent better, instead of doing 100 things one percent better.

And make sure, that one thing involves making you more successful and happy!

Final Words
Don’t panic! Whatever you do, it’s especially important not to let panic guide your decisions. Stock market gyrations can give even the hardiest investors a case of the jitters.

Focus on improving your operations. Embrace innovation and change.

However, converting all your investments to cash is likely to do far more harm than good, say many financial planners.

source: http://www.cashrange.com/surviving-nigerias-hard-economy/

EASIER SAID THAN DONE
people were already managing to survive b4 the so called messiah came in with fake hopes and prophesies
i really miss GEJ. click like if you feel the same.