Will You Prevail In This Current Economic Situation?

You've probably already noticed that we're living in an economic disaster like no other

. People are losing their homes at record rates, houses are going for half of what they were originally purchased for. Good people that you love and care about are losing their jobs and their entire savings.

The average family is only 3 months away from bankruptcy if, heaven forbid, they were to lose their jobs or source of income. Their is No financial margin (nest egg) for most families to fall back on in case of sickness or job loss. The middle class is shrinking and is altogether at risk of disappearing.

Looking back are we repeating the same mistakes

Look back in history, look back to the 1930's. some people think that was a time of "great depression" that only lasted a few years, it lasted 10! an entire decade. unemployment in that decade averaged 17%, and it wasn't short term, it only ended because WWII happened or else it would have continued into the 1940's. What we're in right now will not be your typical recession, which is what we're accustomed to. for example we will have a boom like time then a recession, then we're out of it in no time, right? With another boom, then yet another recession. what if instead this time as we're down we stay down or even go further down and stay there? what happens then?

Small businesses and the people who will prevail

History shows that if you have a week economy you lower your taxes, that encourages small businesses and small businesses account for 70% of job creation in this nation. Governments don't create jobs, small businesses create jobs and empower the entrepreneur.

The people that will prevail are those that take charge of their own future, they realize that those assembly line, manufacturing jobs of old are not coming back they're gone for good. that's the old paradigm (concept). The new paradigm is I need to find out about being an entrepreneur. I need to take charge of my own destiny. What's out there for me where I can make myself wealthy and not someone else. It starts here with financial education and personal development. We spend a $1.05 for every $1.00 earned, we're deep in debt, we're a nation of spenders not savers. Why because most of us never got the financial education we so desperately needed. what do we do with our money? where do we go? who do we trust?

The Alkalies Heel of an economy

Inflation is the most dangerous thing that can happen to an economy. It's brought down every currency that's ever existed, there are only a few currencies that have never imploded but that's because they're backed by nothing it's just paper and worth just as much if not less. Pretty much anything you can think of costs 10x more than it did 20-30 years ago. Are we making 10x more on average then we did 20-30 years ago? No, we're making about 2.5-3 x more than in the 60's and 70's . Inflation has destroyed our purchasing power and way of life and is why in most families both husband and wife Must work.

The Solution

In the ever changing world of business an organizations success depends on constantly meeting new challenges and adapting to the market place. Wise investing is the key to being able to achieve financial freedom. Bankruptcy is at an all time high, most house holds spend more than they actually earn. ($1.05 for every $1.00 earned ) Keeping people in a constant debt cycle, at the same time close to 9 million American house holds are worth a million dollars or more and what side of that statistic you're on, is not a matter of luck or hard work it's a matter of proper financial education and smart practices, this wisdom can be learned but unfortunately it is not taught in our school systems.

Will You Prevail In This Current Economic Situation?

By: Kelly Marsch

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