Financial worries right before the Christmas season. This recession is obviously a very big one but only to those who are short on the next dollar. Remember, it is the might of your dollar or what that same dollar will buy for you that matters. Regrets and depression will defeat you and sometimes it’s good to listen to a little child’s voice.
Of course, just about everyone’s net worth has taken a beating, but if you don’t even have that cash anymore, what can you buy? What can you do to exchange value for? Maybe you have even tried to get to the food banks and social welfare, but they told you to wait 8 more weeks? In the meantime your little one needs a winter jacket. He needs to eat a decent meal he sees other kids have. The gringe has just told you to leave the dark and cold basement you have rented for the next 3 months.
I feel your pain. When my son was only 5 years old, our Christmas eve was spent hunting for a non-existent place to call home. No one wanted a single dad with a young child to rent from them. In fact, we had just been illegaly forced from our cave of a basement home by a couple of gringes…
The world on your shoulders, don’t you dare give up. If you stop, you lose it all. Little boy needs to eat. Financial freedom is now only a pipe dream, but trying without end will invariably net you an end to that first step in getting a financial relief.
“Those people we’re so mean to make us move away last year. But who was that with the base ball bat at our door Dad?” Remember one of the gringes that try to steal away our Christmases? “Oh, I see…she’s scaring me.”
Now, take another serving of turkey. There’s plenty. And just for tonight, you can stay up and open your presents Santa Claus gave you. “Santa Dad you mean.”
The secrets for business growth during a recession is always a painful lesson for many. But I’ve often come across these 7. And if you’re still wondering how those guys and gals can achieve financial freedom and enough business growth to get that shiny new sport cars just when the recession seems to have ended?
They sure have a few tricks up their sleeves. To achieve business growth is tough enough during a growing economy, but during a recession?
It’s possible and in fact, many wealthy people take a recession as a positve.If you want to find out a little more about some of their tips and tricks to make money and build wealth, just read on. Here are 7 of their secrets.
1) During a recession, there’s panic selling everywhere – you can buy investments cheaply and hold – e.g. real estate and good stocks.
2) Take the opportunity to start promising ventures – there will be changes – and the most promising ones will see multiples in income/profits.
3) Cut back on expenses – e.g. amalgamate resources, improve productivity (due to lower costs and new productivity methods).
4) Take advantage as more joint ventures become available – their stocks are being sold at much smaller multiples or even at discounts of their original costs.
5) Buy up underperforming companies for pennies on the dollar and flip it.
6) Barter – the trade of services for each other can reduce the taxable values of your entire portfolio – make sure these are properly recorded as a value or not in your books – if this is a business venture. However, you may add or reduce it’s inherent value as a mutual enticement to do business.
7) Buy cars or depreciating assets – new or used – at significant discounts. Most vehicles, especially the costly luxury ones are being sold at wholesale prices because dealers are trying to reduce stock free up much needed operating capital.Hence those shiny new cars you sometimes find on the streets during a recession.
Now, I’m sure you can see fit to benefit from at least one of these little secrets toward your financial freedom.
The biggest buzz today is the great ‘R’ word, Recession. Others have been citing slowdowns in many parts of the world. Whispers in the dark aisles hushed whispers of the even more dreaded Depression lingers. Why?
Let’s take a peek at the big two economies, USA and China.
But first, take a listen i n on this report by Political Analyst Harry Harding.
The US is still fighting their internal mortgage meltdown caused by an even greater housing market crisis. It is election time, their super expenditures for their oil wars and the resulting record deficits make everyone shudder.
I’m not even talking about the total bill here which will amount to Trillions of dollars but the current deficit is still cold comfort projected to be about $410 Billion for fiscal 2008. Even that is a highly optimistic figure in many circles. Approaching $600 Billion is more likely if the economic watchers are to be believed.
Savvy investors have been touting the great China stock market declines, losing about half its earlier value. Inflation had been running very much higher than expected or wanted for over a year.
Just the 2 paragraphs above alone will make most economists shiver. But often, the news in the popular media tends to be very much skewed towards sensationalism first.
Again, this causes people to react within the stock market, Forex markets or even their investment choices. But later, any “blip” in the markets simply causes more of a correction as the news is found to be not entirely bad with many other factors seemingly to balance the stated problems initially.
Is this the sure sign all things financial are headed underground? See for yourself what I mean when you add the following, again about the 2 super economies.
(USA) Now, the Bush administration is pounding out their much vaunted and also decried mortgage aid bailout package to save the American banking industry and homeowners’ bacon to the tune of $700Billion. Read that again if it boggles your mind. This is the biggest bail out package in the history of the US economy.
(China) China’s revenue in the first four months hit 406.5 billion Yuan, surging 22.8 percent on an annual basis, while its expenditure grew 31.2 percent to 346.4 billion Yuan, leaving a surplus of 60.1 billion Yuan. (The Yuan is about 1/7th of a US Dollar.) Remember the figures are only as a surplus and not the entire GDP.
Now, what a change in the picture isn’t it? In fact, I know of a number of people that are already greedily rubbing their hands in glee as they ready themselves to play predator and go straight for the bargains. But before you do, you might want to check out what this Financial Bailout Package has affected other parts of the world financial markets too.
In fact, I’d advice you to do the same but with one over riding caveat. This is “Do Your Due Diligence”! Don’t rush in blindly and acquire everything that seems like gold. Remember that all that glitters s not gold? In fact, you may actually pick up rotten eggs – a bad yolk looks as good as a good one until you eat it.
The purpose of this article is very simple. Don’t simply read a portion of what is presented before you to make your end all and be all assumptions. If you had, you’d have been on the short side of the market when you really should have been on the long side.
Watch this Reuters video about the recession fears easing.
In New York – what recession? In Florida – we’re devastated. In Europe, they are actually calling it a correction or a slowdown. In South America, it’s cautious optimism. Most of Africa is still struggling to get back on their feet. But anywhere around China, the mood is still of optimism with the Olympics in full swing. Of course, Japan’s economy is still slow only because it still hasn’t fully recovered from the very long drawn out economic slump.
So, it is not like the world will get into a full scale, long drawn out recession but rather, it will be a correction – a settling of the dust as the commodity prices bubble deflates rather than explodes in everyone’s faces.
If the “low tech” economy is slumping, what will take it’s place? Reality? Well, have you ever heard of a different kind of real estate? The high tech or the web real estate is expected to make big gains. Let’s just hope the .COM bust of the recent past doesn’t come back to haunt us.
This again the time of the entrepreneur and currently with the resurgence of the internet businesses, it’s the young entrepreneur that may come out on top.
They sure have a few tricks up their sleeves. To achieve business growth is tough enough during a growing economy, but during a recession?
In New York – what recession? In Florida – we’re devastated. In Europe, they are actually calling it a correction or a slowdown. In South America, it’s cautious optimism. Most of Africa is still struggling to get back on their feet. But anywhere around China, the mood is still of optimism with the Olympics in full swing. Of course, Japan’s economy is still slow only because it still hasn’t fully recovered from the very long drawn out economic slump.
