subject: Private Wealth Management In A Changing Economy [print this page] Private Wealth Management In A Changing Economy
Most people around the world have been shaken by the recession which began a couple of years ago, and many have felt the sharpness of its sting . People have lost their homes, their jobs, and their retirement funds, and are still doing so. Foreclosures, bankruptcies and debt defaults are at an all time high.
Retirees who had expected to enjoy a carefree future have found it necessary to go back to work - if they are able to get employment - because the funds they were relying on to provide for them has dried up. How has your retirement fund fared? Will there be enough to allow you to live as you would wish, or even to meet your needs, during retirement? And who knows how long your retirement will be.
It may well be, too, that the Social Security which is provided by the governments of a lot of Western countries will also become unavailable as the Governments find it more and more difficult to provide it.
You may be wondering by now if this is just another story of doom and gloom? It most certainly isn't! For with every adversity and the recession is definitely an adversity, and one with a huge impact! there is also opportunity. Here is a snippet of information that you may not be aware of the Great Depression of the 1930's made more millionaires than any other time in history.
Those who understood the financial world, and what goes on behind the scenes, were able to turn that adversity into much good, benefiting not only themselves, but also others, and for many years. These were the people who were responsible for the rising of the world economies back to a state of stability and growth. These people were able to achieve so much, and make such a contribution because they were prepared.
Over the next several years the world will see the greatest transfer of wealth in its history. It has already begun; it will affect your future, your kids' future, your grandchildren's future. With the correct preparation, you can be on the right side of that equation.
So, what sort of preparation will you need? The catalyst for your success will include:-
1. Financial literacy you need to know what goes on behind the scenes so you can make greatest progress with lowest risk.
2. Vision you must be able to see' the future or result that you are aiming for in order to take the steps necessary to achieve it.
3. System your plan which will tell you what actions you have to undertake to achieve the future you want.
The three components of your success, listed above, are all going to require a change in what you know and the way you think.
"If you want to be rich, you need to think.' Think independently rather than go along with the crowd." - Robert T. Kiyosaki
Rich people think in a way quite different to, and often apparently contradictory to, the way the average man in the street thinks. Your mind needs to be trained to think in such a way that it is alert to the changes going on that will affect your money and your ability to create wealth; and it must be able to direct your actions.
Perhaps you are thinking by now that it all sounds too difficult and therefore out of your reach. The question to ask yourself is do you want to take the risk and go on as you are, casting yourself and your future to whatever may happen? Think again you can ride on the backs of experts in all these areas you don't have to re-invent the wheel. It really is not too hard!
Take control of your own destiny. Opportunity has never been greater but you need to address these issues before it is too late: www.safesmartwealth.com
