Wednesday, February 18, 2009

Change And Opportunity

It’s being the worst economic situation and many may not survive. The whole financial system in the world was failed, made by president of America; Richard Nixon when he withdraws the Gold Standard from central bank and let the currency of the US back by the economy. The credit crisis cause by sub-prime loan is another mistake from the people’s culture when they have to maintain their lifestyle. Most of them were from the middle class, when they have to stay in big house, drive big car, wear good cloths and eat good food, living in their dreams with comfortable life without proper planning and also sufficient cash flow. England is ranking world number one where the population has most debts just to maintain their lifestyle. It seem like the economy without fundamental as well as the world population who spent more than what they have, things not going well when time is come, nothing in the world could help, not even a god, it is the karma of the world’s economy. Some party may take advantage of the situation. Who will benefit from this? Of course those who were ready and prepared. The change will only benefit for those who were ready with good preparation. Anthony robin has said, luck is the combination of preparation and opportunity. What kind of preparation have we made before the change? Many of us never prepare for the worse but expect for the best. We should do thing right from the first time. For an example, many people rely on their education qualification and expect to get a good job that could secure their future, once they get the job they buy car and house with bank loan, expecting the company will give them secure income and future promotion. Most people never expect for the worse to come to them. They put their future and career relies on the company and the government without knowing how the administration is doing. They spent their future money and let the rich benefit it. When bad time comes, these people will be the victim of the crisis, instead of take the opportunity or advantage from it. For those people who prepare for it from earlier, save money and buy assets, avoid from debts and keep on feeding themselves with the knowledge and information, this is the time for them to rise up and take away the opportunities given by the victim who never prepare for the changes. Most people like to think positive but not realistic. We should understand the basic of economy first before we encounter the problem. By default, there will be only old economy will survive in crisis such as commodities industry. As a small investor, I never have interest on new economy even though it is booming. Only those commodities player which is under value will be my choice. So I don’t have to care how to change the market strategy when bad time is come because I had did my things right from the first time.

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