1980 1990 2001 2008
Question: What were you doing during these years? Think. Answer: perhaps struggling.
These were the years recession hit the world economy for one reason or the other Oil, Energy, Dotcom, Mortgage. Along with that, it dragged others into it, simply because everything is interconnected. Domino effect. So what is your plan for 2018 to 2028?
So what is your plan for 2018 to 2028?
Every 10 years or so, there is some downturn, look at the past trend, It’s almost cyclical in nature. One core fails, and it drags or sucks in the others with it, and scores of people lose jobs, and the market faces a huge surplus of available talent versus available jobs.
Begin by planning for 2018.
Equip yourself, skill up, plan finances better, secure yourself, your business, your job, spend quality time with your family. Stop the EMI dopamine surge! Clear debts.Be free, travel light.
A potentially tough phase could teach you, to hang in there, be frugal, increase efficiency, tighten budgets, think about innovation, to find alternative investments, to value family time and support, to know who stands by you, who deserts, to spend from debit cards than credit cards, to walk or cycle before you switch on the ignition!
Then once you get past the tricky 2018/19 phase, you will be better equipped to manage a potential bull run that ensues for 7 or 8 years. You will grapple, hustle and then emerge stronger, better and balanced. Makes for a solid foundation and one can build on top of that framework. And if there is no bull run, you are still good.Now you know the how. Don’t fear tough times. Make the most of it.
And if there is no bull run, you are still good.Now you know the how. Don’t fear tough times. Make the most of it.
Don’t fear tough times. Make the most of it.