Prepare Yourself for Prosperity
in the New Economy
By Randy Gage
The airlines are
bankrupt, the financial system is in shambles and governments are
printing billions of dollars in worthless currency trying to prop up
failed economies. It’s a time of great challenge. Yet a time of
seemed like a safe bet just a few years ago are uncertain. I knew
the world had changed forever when I visited an eco-preserve in
Phuket, Thailand in last January. While waiting for a chance to
ride an elephant through the rainforest, I got a chance to view a
”monkey training” show.
there was nothing short of amazing:
Monkeys were actually being trained
to harvest coconuts from the trees – making human workers no longer
necessary. Chalk up yet one more job on the endangered species list
along with travel agents, video store clerks, autoworkers, and
dozens of other occupations. Could your job be next?
real estate bubbles, government debt meltdowns, and lightning-fast
changes in technology have made millions of jobs obsolete and
changed the economy forever.
Safe is the
new risky: What was once
considered secure is now perilous. People around the world are
hoarding that last bit of savings and waiting for things to return
to the way they were. That will never happen again. Getting a job
for a big company and thinking you’ll retire there doesn’t happen
much anymore. Some of the most important jobs in 2015 haven’t even
been invented yet.
Playing it safe
is the riskiest thing you can do in the new economy. People waiting
for the stock market to rebound, the real estate bubble to reform or
their government to save them are going to get slammed. Waiting and
hoping are not viable plans. And leaving your prosperity to an
employer or even the government leaves your future – and the future
of your loved ones – at risk.
The worst is
not yet over: There are
still thousands of sub-prime mortgages yet to come due. Many
governments have spent billions of dollars, Euros, pesos and pounds
in bailout packages that will have to be repaid sometime. Thousands
of banks and other financial institutions have gambled with risky
derivatives that are time bombs waiting to explode.
magazine’s cover story on derivatives called them “the risk that
won’t go away.” Warren Buffet, one of the savviest investors in the
world had this to say about the subject: “Derivatives are financial
weapons of mass destruction…time bombs, both for the parties that
deal in them, and the economic system…The macro picture is dangerous
and getting more so…”
and future are at risk:
Despite all the government bailouts, bank write offs and corporate
restructuring, there are still more financial shock waves to come.
Consumer debt is skyrocketing. Government borrowing has to be paid
back at some point. And a second sub-prime debt bomb is about to
Even if you’re
debt free, this black hole of debt threatens your own wealth. This
crisis has been in the making for half a century. And it’s not
going to go away overnight. Consumer dependence on easy credit has
created another bubble that’s about to burst…
jobs will be lost. Millions more of retirement accounts will be
vaporized. Millions more counting on Social Security and pension
funds will be left in the cold. But you don’t have to be the next
victim. In fact, it is during difficult economic times as these
that the greatest opportunities to create wealth arise.
You can protect
yourself and your loved ones. You can create financial freedom, and
retire young, rich, and worry free. But you have to take charge of
your own destiny and create your own prosperity. That is the secret
to becoming free.
wealth in the new economy:
There are plenty of opportunities to live well and even create
wealth today. To succeed in the new economy, practice these four
debt. We’re the most
leveraged society in human history. You can’t borrow your way to
prosperity. Live within your means and if you don’t have money
for something, don’t buy it.
cash flow business.
In the new economy, cash flow is king. When you have cash flow,
you can weather any storm, survive any downturn, and capitalize
on any economic fluctuation. So keep your regular job or
business, but supplement your income with a part-time,
home-based business. Examples would be direct selling, network
marketing, information entrepreneur or Internet marketing.
your cash flow. Once
you have your cash flow business in operation, put that money to
work for you. There are countless bargains out there right now
in real estate, the stock market and even traditional
businesses. People with cash are in the drivers seat. Take
your cash flow and leverage it to create even better cash flow.
Then you’re leveraging your leverage.
the future. You
can’t get a degree for the highest paying jobs of the future
because they don’t exist yet. And no one can be certain what
they will be. But we do know that people with technical skills
have the best chance being relevant in the future. Check around
for home study courses, seminars and continuing education
classes in technology.
To really create
wealth, when others are zigging, you want to be zagging. Be a
contrarian. While others are playing it safe, hoping for the
economy to change, you must be bold and proactive. Take charge of
your own destiny and know that it is times like these that offer the
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