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But according to experts, theres no need to despair.

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Below are some ways experts say you canregain your footing amid disappointment.

Start by revisiting your budget what was once manageable may no longer align with your new reality.

I recommend cutting discretionary expenses and reallocating funds to essential categories.

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This is a critical moment to be ruthless with your spending decisions.

Exploring freelancing and creating online courses can be highly effective strategies for regaining financial stability.

On the other hand, Vico recommended creating online courses as a way to generate passive income.

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This means creating a financial buffer such as increasing your emergency fund that can protect against future disruptions.

It also means cultivating a mindset offlexibility and adaptability, he added.

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