I feel very bad when I have a financial crisis. And because I know very well that my friends will not stand By my side, if they occur, I would prefer that the details of my crisis remain confidential. This is what Fahd Al-Fadhel, who works in the sales department of the telecommunications company, said, indicating that he usually deals with his financial crises by himself and without consulting any of his family or friends and that he does not It is also desirable that they know something about the nature of these crises, so as not to become rich material for gossip.
Act on advice:
As for Mustafa Al-Obaidi, an “engineer,” he disagrees with his predecessor in opinion, as he believes that in the event of a financial crisis, he must quickly consult those whose advice he trusts from among the people of good opinion. And Mustafa says: When the time came to pay the annual rent for the house in which I live, I did not have enough money to pay it all, so I turned to a friend and although he politely apologized to me – because he was going through financial hardship at the time – he advised me. That I borrow from the bank, and I followed his advice and took a loan until this crisis of mine passed peacefully.
Logical person:
Bana Saeed, who works in the marketing field, says about herself: I am very logical. I always calculate my “expenses” daily, and I put the money I have in the bank. Despite my extreme care, I was exposed to a financial crisis that caused me a lot of inconveniences, as I bought an expensive car, and I could not regularly pay its monthly installments, so I resorted to a friend to give me advice, and help me get out of this dilemma. You lent me a sum of money, so my financial crisis was relieved, and calmness and comfort returned to me again.
Big crisis:
Atallah Muhammad, an engineer who owns an investment company at the time, and is always moving between Arab and foreign countries, says: Every person is liable to fall into a financial crisis, but the intelligent person is the one who does not allow arrogance to infiltrate himself, and thus refuses the advice and assistance of others. As for myself, when I lost a large amount of money in the stock exchange, and my company was exposed to a significant crisis, I turned to many close people, asking for help, and the truth is that most of them did not spare me money, and some of them gave me important advice, and some of them stood by me morally until I My company is back up and running again.
wedding expenses:
Muhammad Issa, a person who makes his own decision in the event of a financial crisis, describes him as selfish and has a sense of greatness, pointing out that when his brother got married, he did not have the full wedding expenses, which made him consult his uncle on how to help his brother, given that his brother’s crisis Finances are a crisis for him too. And Muhammad adds: I could not stand idly by, and my brother needed some money to complete his wedding, so I consulted my uncle about this matter, and he advised me to sell my car, so I immediately sold it, took its price, and gave it to my brother, who in turn did not hesitate to accept my help for him, and the wedding took place perfectly.
perfect way:
For her part, Hala Bitar, a student studying accounting, says: I am a student and I rely on my family to make ends meet, but I felt that what I take from my family is not enough for me, so I had to look for a job that does not conflict with the nature of my studies until I got it, and I never deny that my salary is What I get through the job helped me a lot in managing many of my needs, but a person dear to me I wanted to hold a special party for him on the occasion of his birthday, and I needed a sum of money so that this party could take place in the way I wish and I did not have this amount, so I consulted Some of my friends until we came together to the best way through which I can manage this amount away from my family, because I could not ask them for this money in particular, and I want to spend it on something that they may not be convinced of.
latest installment:
Khaled Saud, “operations manager in one of the companies,” indicates that he bought an expensive car, and he used to pay it a certain monthly installment, and when the last installment came, he did not remember it at all. That he should refer to the insurance company, and he immediately remembered the last installment that he did not pay to the company, adding: I was going through a financial crisis at that time and of course, I could not pay this installment, which forced me to withdraw my dues from the social insurance in the company in which I work. Explaining that he relied on himself in his crisis and did not think of borrowing money or seeking advice from anyone, because his nature disallowed him to do so.
Failed project:
For his part, Amr Magdy, an accountant, says: I established a poultry project three years ago, but this project, unfortunately for me, failed, and all the money I had with me ran out, and the financier asked me to pay, as the agreement between us stipulated that I pay him a sum of money every two weeks. I couldn’t, so I asked him to give me three months to pay. He agreed to my request. During this period, I searched for a job, and it was fortunate for me that I succeeded that quickly. As soon as I got my first salary, I went to the financier and gave him an amount of money, on the condition that I make regular payments every first month. Amr adds: I acted on my own and did not ask the people closest to me for help, and currently I am thinking of opening a new project, but with realizing the mistakes of the past.
The burdens of life:
Tariq Muhammad, an “engineer”, remained without work for six months, which made his savings about to run out, and at the same time the burdens of life and the requirements of his small family, consisting of a wife and three children, increased. Tariq says: I went through a financial crisis that I did not expect to happen to me one day, and the biggest problem is that I have been without a job for some time, and the requirements of the children and the wife do not end, noting that the annual rent date for the apartment in which I live has approached, and the money in my possession was decreasing Day after day, and the strange thing is that I did not go to a friend to lend me money, and I did not present my problem to any of the relatives, because by my nature I am ashamed to ask for aid, even if it was from a very close person, so I seriously sought to search for a job until I found a job with a large salary, so all my crises were relieved Finance.
Good planning is very important to avoid them:
“It must be taken into account that the occurrence of an individual in a major financial crisis is no different from the occurrence of a minor crisis”.
This is confirmed by Amr Helal, an economist in one of the companies, pointing out that the obstacles in both cases are the same, pointing out that the biggest problem facing the owners of small projects is their indifference to the idea of developing a feasibility study in the first place, and before they embark on their commercial activity, as establishing Any project without good planning often leads to its failure, and good planning is usually represented in studying the market conditions and choosing the appropriate location for the project, without neglecting the role of advertising and the extent of its impact on the success of this or that project.
He adds: As for large companies, their owners depend mainly on experts in the field of planning, who in turn carry out a feasibility study, time planning, and profit and loss estimation, stressing that there is another aspect to the financial crises that an individual goes through that is not related to trade only, and examples of that are the financial crises that An individual may be exposed to it personally, or those that fall within his family’s surroundings, or that a student encounters in his school, or an employee in his work, and there are many aspects of these crises, and they often occur when an individual’s income is not commensurate with his expenses, as these expenses exceed the amount he receives.
The individual has income, and we must deal with it with scientific standards as well. Falling into such crises is very possible, but the speed of getting rid of them is the real obstacle that may face us. Helal concludes by saying: Every individual in society must recognize the importance of good planning in the spending process and all aspects of his private or commercial financial life.
Its occurrence may prompt the individual to discover himself
Is it possible that a person’s exposure to a financial crisis has psychological consequences? Dr. answers this question. Muhammed Hussein has a “Ph.D. in Psychology,” and he says: When an individual in society goes through a minor financial crisis, he usually gets stressed. But if the financial crisis is great and it is not easy to overcome it quickly, he will feel confused and lose confidence, especially if he finds that the people around him have abandoned him and did not provide him with the assistance expected from them.
There is no doubt that the psychological tremors that occur due to financial crises often have a positive side, as they may push the individual to discover himself, and may explode in his energies and capabilities that he did not know inside him before. From here begins the journey of applying the mind and diligence to develop appropriate solutions to the crisis.
There is also no doubt that the individual’s diligence and the attempt to mobilize his faculties greatly help him to overcome his financial obstacles and overcome his psychological crises naturally. And he adds: We must bear in mind that not all individuals in society have the determination to discover the inner capabilities that make them make the appropriate effort to invest their property, and the truest evidence of this is that there are individuals who may have a complete collapse immediately after they are exposed to an emergency financial crisis, and this may force them The crisis leads to thinking negatively, so they become lethargic and strangely surrender to the fait accompli.
Usually, this type of individual suffers from chronic depression, so they isolate themselves from others. Dr. points out. Hussein indicated that some individuals of this type may pose a danger to society, as they think aggressively in search of a quick solution to get out of their crises, so they commit crimes punishable by law, and these individuals have aggressive motives in the first place, and when a financial crisis occurs to them from It is possible for any person to be exposed to it, driven by these motives and making them act in a way that contradicts societal norms and traditions, stressing that it is necessary if any individual in society is exposed to a financial crisis that he consults experts, with the need to implement thought positively in order to search for the most appropriate solutions that end the crisis, and cross it to safety, and then psychological and social stability occurs.
