Bankrate.com’s Fourth-Quarter Economic Indicator poll found that the U.S. economy has a 65% chance of contracting in 2023. However, two experts (or 15%) said that the financial system could avoid a downturn, putting the odds of a recession at 40%. Meanwhile, one economist arrived at 100% odds—signifying he was absolutely sure a recession would occur.

These types of predictions are scary and significantly affect how people make their economic decisions. Norman Vincent Peale wrote a book about The Power of Positive Thinking which is a practical guide to mastering the problems of everyday living. However, converse to overcoming problems, some experts say that the “positive” belief a recession is inevitable stimulates people to react in such a way as to cause a recession.

 

In the American Psychological Association’s 2022 Stress in America Survey, 87% of people who responded listed inflation as a source of significant stress. The rise in prices for everything from fuel to food has people from all backgrounds worried. The researchers say no other issue has caused this much stress since the survey began in 2007.

Psychologists explain that when money and financial concerns cause ongoing stress in your life, you could eventually experience some anxiety. This anxiety can, in turn, negatively impact your quality of life and the family and friends around you. And, like dominos falling, stress can also cause a loss of focus and creativity, impacting your business and leading to poor decisions.

If you own or manage the finances of a business, the stress could bleed over into your personal life as well. While financial problems don’t disappear overnight, the stress it causes can be managed by incorporating the following tactics.

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While there may be companies that would or are factoring cryptocurrency receivables, the crypto space is too fraught with uncertainty for most factoring companies to create a business model. Since factoring is the purchasing of invoices or receivables at a discount, the factoring model is based on the certainty of the value of a receivable, not just at purchase but over the time between purchase and receipt of payment. Since crypto currencies’ values fluctuate, sometimes significantly, even the major currencies, it would be difficult for a factor to be assured that they would receive their purchase cost back. 

For more information, http://bfc.vegas/how-does-business-finance-corporation-collect-on-receivables/.

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