| There are no ands, ifs, or buts about it. We are | | | | economic recession. The health field is excellent, as is |
| definitely experiencing an economic recession. What | | | | food production and supply. Government jobs and |
| we have to ask ourselves, is how are we going to | | | | military careers are relatively stable also. |
| cope. Basically, there are three possible outcomes. We | | | | Another viable option is to start your own business. |
| could fall apart, we could perhaps not be overly | | | | You might think that's a crazy idea but the truth is that |
| affected or we could actually prosper. If you are like | | | | this might be the best time in 70 years to build a really |
| me, you are hoping for the latter. Yes, we all want to | | | | profitable business. The people that come out ahead |
| prosper regardless of the times we are living in. The | | | | during such times as these are the ones that maintain |
| question is, how can we do it when all we see around | | | | their focus, take the correct actions and do them in the |
| us is doom and gloom? | | | | right order. |
| I think we all realize that there is certainly an ebb and | | | | A study done by McGraw-Hill Research found that |
| flow to the economy. There are times of great | | | | those companies that maintained or increased their |
| economic growth, times of relative stability and then | | | | marketing throughout the 1981-82 recession saw an |
| times when the economy draws back and we find | | | | average sales growth over the next five years of |
| ourselves in a recession, or perhaps even a | | | | 275%. Those companies who cut their marketing saw |
| depression. | | | | a minimal increase in sales growth of only 19% over |
| We do not have to be frightened by this economic | | | | the same five year period. |
| recession. There is so much hype in the media that | | | | Folks, this is great news! |
| sometimes it puts people in a panic mode. It would be | | | | Would you want to see a 275% increase in five years |
| a good idea to get a little education on the causes of | | | | or would you be happy with a paltry 19%. We are |
| recessions and how to cope with them. I can strongly | | | | being presented with a golden opportunity here by |
| recommend a wonderful book that will help in this | | | | finding ourselves in this recession. We just have to |
| regard. It is by William Bonner and is titled "Financial | | | | know how to use it to our advantage. |
| Reckoning Day: Surviving the Soft Depression of the | | | | Remember this...'when one door closes, another door |
| 21st Century". Perhaps you can find it at your local | | | | opens'. We might feel like the door has just been |
| library. Quite often the library will order the book in, if | | | | slammed in our face but that other door is about to |
| they do not have it on their shelves. | | | | open for us. Please don't forget that. |
| There are a few common sense things that we can | | | | It just takes a little bit of motivation, desire and |
| all do. We would want to minimize our spending and | | | | persistence to succeed in a very big way during an |
| even though it might be difficult, we should attempt to | | | | economic recession. Do you know that one of the |
| save money for the possibility of even tighter times | | | | fastest and easiest ways to succeed is by being |
| ahead. Now is not the time to buy anything other than | | | | self-employed and working from home. There are |
| necessities such as food and gas. We all need to eat | | | | certainly many choices but statistics show that those |
| and most of us need to drive our car. | | | | people who are involved in internet and network |
| Obviously, we would not want to take on new debt at | | | | marketing have an opportunity to succeed financially |
| this time. It's amazing how many people run out and | | | | beyond their wildest dreams. |
| buy that new, bright, shiny car because the dealerships | | | | It is worth noting that both Donald Trump and Robert |
| have reduced their prices drastically. They might be | | | | T. Kiyosaki have said that if they could do it over again |
| able to afford the payments today, but what if they | | | | they would have been involved in MLM and network |
| get laid off in a few months time -- how are they | | | | marketing and of course the media that reaches the |
| going to afford the payments then? So hold off on | | | | most people is the Internet. They recognized the |
| that big purchase. | | | | immense power of the Web and the fortunes that can |
| Think about various ways you could earn a few extra | | | | and are being made through it on a daily basis. |
| dollars. Do you have a few rooms in your basement | | | | Fluctuations in the economy are a part of life -- they |
| that you could easily convert into rental | | | | always have been and they will continue to be -- |
| accommodation? There have been so many people | | | | however, they do not have to affect us adversely if |
| who have downsized lately and are looking for a | | | | we are smart and just take a few specific actions. |
| reasonable place to rent. This could be an excellent | | | | My sincere hope for you is that you go ahead and |
| source of extra income for you. | | | | make any necessary adjustments in your life to |
| It is also advisable, if at all possible, to secure work in a | | | | ensure your success during and following this |
| critical sector so as to avoid job loss during an | | | | economic recession. Success can be yours. |