Surviving A Recessed Economy

Read up and lets get down to business

Hello Friends!!!

If you have been following the economic trend and technological advancement, you will discover that the ongoing retrenchment and down-scoping were inevitable. With the downturn of the economy a lot of sector has been greatly affected with attendant effect on household purchasing power.

 The financial sector for instance has received the worst hit, with investors and savers pulling out their savings as our currency falls. You would observe that very few people have money in the bank. The attendant result is the inability of the banks to meet her obligations including staff salaries and overheads- resulting in job cut and outsourcing.

The education sector will also not be spared, especially private school. This is because most parents will no longer be able to meet up with the fees. The multiplier effect of that should worry us. I can go on to elaborate the effect on the different sector but then, that will defeat the purpose of this piece - To give you A Second Chance.

Here are few things you MUST do to survive in a recession?

1. Reduce your liabilities
2. Hedge your cash in assets, gold, real estates, etc
3. Expand your income by engaging in other income sources (preferably, consumables)
4. Form coorporatives.
5. Leverage on the internet to generate foreign exchange


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LETS GO ON THE JOURNEY TOGETHER"

ITS TIME YOU ENJOY A RECESSION FREE ECONOMY

SEE YOU AT THE TOP

CHEERS!!!!!



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