And The Economy Collapsed…
By now there are thousands of people globally hurting in today’s economy. Many people are wondering where is the light at the end of the tunnel?
This current situation has attracted many people to the internet in hopes of supplementing their income. If you ask me the best place to put money is into business building.
The Taylor Frigon Advisor: What to do during a financial panic
The recent market gyrations have largely resulted from fears that the economy (either the global economy in general or the US economy in particular) is poised to drop into another recession similar to the most recent …
Publish Date: 08/15/2011 18:31
http://taylorfrigon.blogspot.com/2011/08/what-to-do-during-financial-panic.html
A History of Economic Panic & Booms and Busts
When an economy falls into a recession, we typically observe a cluster of people making similar investment mistakes. According to historian Stephen Davies, these investment errors occur because governments or central banks manipulate the supply of mo…
Economic Panic – Home Based Business Is Thriving!
Today it seems most investments that are out there are becoming less and less stable. In fact all over the world it seems like people are living through hard times. What excites me everyday is the fact that here on the internet is our chance to become wealthy.
Imagine going to sleep at night and having your business work while you are sleeping. The wealthy are always getting wealthier and the poor are always getting well you know shafted!
Do You Want Work Or Wealth?
- Poor people slave away at their jobs, wealthy people spend time enjoying their lives.
- Poor people work 50+ hours a week , the wealthy hardly work 3 hours a day.
The truth is, the wealthy figured out how to leverage money in their favor. We were taught to work hard in life and we will be rewarded, while the truth is we have to work smarter not harder.
Yes, Internet can really give us a great number of different benefits. We can have online magazines or online stores that can worl 24 hours a day, 7 days a week, including the time when we won;t work, we will sleep
The comment is a little weak, but I will let is slip 🙂
These days, with the economic collapse, we need to find different ways to diversify our investments. The internet really provides a lot of opportunity, both for various investments as well as for the entrepreneur. I think it’s really important these days to keep all options open and explore different ways of making money, so we don’t get caught up with the downward spiral of the world economy.
Snap! I couldn’t of said it better..
Thanks for commenting!
Hi Larry,
I am new to your site and am enjoying your perspectives on money, business and economy.
I think the current economic uncertainties over the last decade has forced many people to become self reliant to make it with money. What would you do if the mutual funds you trusted have squandered half of your retirement savings? the options are quite obvious and more and more people are picking the pieces up on their own and moving on. The internet is fueling this as well and I can see more small businesses starting up from all over the world. The only question is can these survive? I believe that if people are pursuing their passion, they will. We need to distance ourselves from the big heavy weights of the current business setting. The majority of these are not out to help us but to make money.
Hi Jimmy thanks for stopping by.
You hit the nail on the head “If people are pursuing their passion they will”
Thanks for sharing!
Larry,
I agree with all your statements about the opportunity inherent online. I have to fairly strongly disagree with this, though: Poor people work 50+ hours a week , the wealthy hardly work 3 hours a day.
While the wealthy may make in 3 hours what the poor make in 50+ hours almost every wealthy person I have met put in long hours. The difference is that they put those long hours into something they enjoyed doing, so that it did not seem strenuous.
But online or off there is hard work before you can achieve success. At least that is how I see it.
Hi Steve, you are correct wealthy people do work long hours. But it’s not the same type of work. When you love something, you can hardly call it work. Especially if its something you would do even if you weren’t getting paid for it.
The wealthier you are the more you are able to fill your time up with things you like to do. VS doing the things you have to do.
I am not very wealthy, but I can fit in training in kung fu, exercises, teaching kung fu, online marketing, going for mountain bike rides at a whim, take disney style vacations every year,take a few weeks off if I want to.
I would say I am busy 60 hours a week, but I would never call what I do work.
In the beginning I put in a lot of hours online.. But now things that use to take me hours to do I can literally do in minutes.
Also lets be honest, Donald Trump if he wanted to do nothing but watch tv till the day he died he could do it if he wanted to.
At some point wealth just keeps creating itself.
That’s why I like the internet network marketing industry, because the closest us mere mortals can come to being wealthy is a nice hefty residual commission check. Or several checks for that matter 🙂
Thanks for sharing Steve! You make a very valid point..
I think that modern society is leaving all notions of “collectives” and that people are becoming more and more individual. This also transfers to economy and the ways we function.
There are more and more opportunities for a person to be a “one man company”, like the thing we do here.
Also, there are less and less jobs that last a lifetime.
Everything is changing and the economy a it is needs to make a big shift as well. Luckily, it will be done properly.
Hi Ana thanks for commenting..
So true, we were always taught growing up that we have to work hard for what we want in lie. However, I think it is more important to work smarter and not harder. The internet is definitely giving people the chance to live more comfortably than any brick and mortar ever has. Thanks for sharing Larry.
Thanks John for the comments that’s my point.. We have been duped as a society!
Yes I am agree with you and also feel the same like you that here at the internet we have lots of chances and opportunities to become wealthy.
And I also believe same that its times to work SMART then HARD.
Thanks For Commenting!
Great Post Larry!
Home made business is a breath of freedom.
It’s not only word hard but less hours,it’s about time management and life improvements
Right On Albert!
I am grateful for this alternative way of creating income. It feels great as well that we can generate money while working at home. I believe as well the investing in this venture is wise. It is hard to keep on working for money. I am being smart and hopefully someday money will work for me.
Life nowadays tend to be so difficult than before. Lots of people struggle for their everyday living so they are trying their best to try everything. If they are lucky enough, they would be able to fulfill their dreams but starting a new career, a new path, like online venture isn’t that easy as what most people think. So just like in normal business sense, a person need to work hard and to prove his/her worth in order to be successful.
Hi Greg, Success doesn’t have anything to do with luck. Success can be duplicated simply by doing the things that successful people do. Learn successful habits and you will see successful results.
Thanks for stopping by and commenting.
yesterday i was reading an article on Pakistani economist and they listed that he got idea for over 5 million new jobs in 2 months and stable in country economy. while reading his some points i am amazed that his theory will surely works and works wonder. i read it half and after reading your post will complete it for sure.
we can easily comes up out of that economical issue by investing on different business and small business will surely works wonder to keep every country out of that economical issue.
internet really opens huge jobs for us however we needs to invest on production if we wants to come out of that economical issue.
Hi Reeha, thanks for the commenting…
Hi Larry, I think it’s interesting the way so many people are still spending lots of money, and yet so many others are telling us there’s a recession. We’re all so lucky to have the internet during this period of “slowness in the economy”. To quote Donald Trump “It’s a fact today, anyone can become a millionaire – or even a billionaire. In the history of the world, there has never been a better time to create wealth than right here right now”.
There have always been people who’ve become millionaires during a recession, and there’s no reason why one of those people can’t be you (whoever is reading this:-)
bye for now, Julieanne
Hi Julieanne, thanks for stopping by and commenting..
I agree with you 100% because of the ability to earn money in a global market it is easier than ever for everyone to live the life of their dreams…
Thanks for sharing!