The Top Twelve Ways To Exploit The Great Recession
The number of self made millionaires in the U.S. increases at the rate of one every 14 minutes. Yet, the average American has a net worth of only $15,000.
The important questions to ask when exploring The Top Twelve Ways To Exploit The Great Recession are: How can I capitalize on the wealth that’s being created all around me? How can I position myself and take advantage of the Great Recession in which we are now engaged? What if the predictions of the good times ahead are accurate? Ten years from now, will I be explaining how I positioned myelf and benefited from the opportunity or will I be justifying how I missed it?
What follows, with the general questions above addressed, are (in no order of importance) my researched
Top Twelve Ways To Exploit The Great Recession
1. You can’t take advantage of opportunities when you’re mired in debt. You need an attitude and a confidence that comes from being on top of your finances. The chance to buy comes only when you have the resources (however small) to invest in those prospects. Reduce expenses, increase income, negotiate your interest rates, and cut your taxes.
2. Invest in the wave. Education, Technology and Medicine are expanding aat an exponential rate. Apple is expensive at $600.00 plus per share but look at it’s growth. How about mobile devices and apps markets? Pick a field, track winners. Buy and buy consistently.
3. Be flexible. Things are moving at a rapid pace. This demands adaptability. Things will not remain the same nor will they go back to the way they used to
be. Entire industries emerge and die within ten years. We must be willing to change directions quickly. It’s serpentine dodge and weave time.
4. Become techno-savvy. Take a course; get a coach, teach yourself. Whatever you do, get up to speed on using a computer and your mobile devices. Let technology work for you..
5. Be inquisitive. Constantly ask yourself, “How does this affect me, my family, my friends and my industry?” There’s no time to sit by and watch things happen. We must be proactive. Talk with people about what’s happening. Read. Study. Ask questions. Create an ‘Advisory “Board’, a Mastermind Group; join and get involved in an online forum.
6. Think globally. No longer can we afford to think and act locally. We must have a broader vision. We must think about how our vocation, our business
and our industry will operate in a global economy, because it does, or soon will.
7. Be entrepreneurial. This is the age of the free agent. Even if we are and plan to continue working in a company or organization, we must at least THINK
like an entrepreneur. We need to be intrepreneurs. Seniority and experience does not have the value that it did. Producing results-and profits is what
8. Learn how to learn. What we learned in high school and college will not support us over the next decade. Adult Educatiion has become the largest industry in North America. We must learn how to obtain and integrate information and skills quickly. Computer-based and web-based training
abounds. What do you need to learn now? Where and how quickly can you gain the knowledge or skills?
9. Embrace change. Be open to the dramatic changes that are occurring. Saying it shouldn’t be or making judgments about what’s happening is
counterproductive. Open yourself to enjoying change.
10. Become a capitalist. Wealthy people own assets, other people own liabilities-things that cost money to own and maintain. Capitalism is not a dirty word. A capitalist, by definition, is someone who owns assets-
assets that produce income. Stock, equipment and businesses, are assets that generate profits. Eighty percent of all millionaires living in America are self-
made. Be one of them.
11. Examine your money energy. Joseph Campbell, in his book “The Hero With A Thousand Faces” wrote, “Money is congealed energy, and releasing it releases life’s possibilities” Your money breakthroughs will be echoed in your personal life, in your health, which will improve, in your creative energy, which will also increase; and in your relationship with time, which will
be friendlier, easier. When you learn to use money energy, you can use any form of energy with ease.
“As you do Money, So you do Life”. Virgil Beasley, Psy. D.
Inquiry…Do you ever have enough money? (Do you have enough time? Physical vitality?) Must you hoard money to feel secure? (Must you reserve your support of others in order to feel safe?) Do you waste your money? (Do you fritter away your time?) Do you know exactly how much money is in your checking account right now? (Do you have an accurate picture of your
current physical health?)
12. Practice the four “T”s of sound financial health: Track everything in and out), Trim (excesses), Target (focus on goals that are values driven and create leverage), Train (be the consummate student of finances and personal development).
Virgil Beasley, Psy.D.
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