The economy rumbled years ago. Stock prices increased, interest rates held low and unemployment dropped. These indicators were all heading in the opposite direction a couple of months back. It’s impossible to tell where we stand from day today.
I am positive about the short-term current situation and about the long-term future for prosperity and prosperous times. But that doesn’t mean that sometimes deep, along the way, there won’t be dips. The question is: are you willing to use the good days and sail the bad?
Both one and the other must expect. Fortunately, you will take “changes” that will help you both well.
1. Keep out of debt. Get out of debt.
The sooner the better. If you are mired in debt, you can’t use the opportunities. And in both good and poor days there are possibilities. In all cases, debt prohibits you from taking advantage of the opportunities. Badly, the downside increases as the cost of cash increases and debt servicing are gradually the consumption.
2. Consider worldwide.
We can’t encourage ourselves to consider and behave locally anymore. We need a wider perspective. We have to understand how the world economy is going to work in our vocation, sector, and industry – because it is becoming.
3. Be entrepreneurial. Be business-like.
It’s the free agent’s age. And if we plan to operate in a bigger organization or company, we need at least to act like a businessman. Seniority and expertise are not worth it. We have to be ‘in-business.’ It’s what matters at the end – deliver performance and benefit.
4. Get yourself a capitalist.
The rich properties themselves, the remainder own liabilities – objects which cost money. It’s not a dirty term for patriarchy. By definition, capitalists are anyone who owns the money, assets that create revenue. Stock, facilities, and corporations are income-generating investments. 80% of all millionaires are self-manufactured in America. Try to be one of them.
5. Be adjustable. Be flexible.
Things are going rapidly. Adaptability is required. Stuff won’t stay the same or go the same as they were previously. We need to be able to rapidly change course. It’s time for dodge and tissue. It is time to make a difference. Change happens!
