Will you survive the economic winter?
As I walked through the streets of Tokyo tonight, I saw that most of the leaves on the trees on the sidewalks have fallen to the ground. It’s getting a lot colder these days.
Goodbye autumn. Hello winter.
Time sure goes by so fast. It’s been more than two years since the Lehman Shock hit the globe.
Since then, the economy has been crawling. It’s been a slow and painful process. Despite all the stimulus packages the government gives out, people aren’t spending as much.
People from all over are trying to reduce their spending, cutting back on expenses.
The same thing goes for businesses. They are not expanding.
They have been trying to run as efficient as possible with smaller workforces. Unemployment is up.
A lot of people have lost their jobs. A lot of people have lost their homes. Others have lost even more.
And here’s Tony Robbins. He’s a man who has been coaching some of the top financial people in the world for almost 2 decades.
If you were that close to such a group of people, obviously you would have picked up a thing or two about business and finance stuff.
So here he is, giving us a word of warning about what lies ahead. Just when you thought the economy was getting back on it’s feet.
If you think that the worst is over, and we’re in for some good times ahead, then think again. Now, I didn’t say that to make you feel bad.
I said it because I want you to be informed, so that you can prepare and protect yourself and your loved ones from what could be a harsh winter ahead.
Check out his video below:
httpv://www.youtube.com/watch?v=y9HLTZdXCu8
Here’s part 2:
httpv://www.youtube.com/watch?v=X5nDDtVcHck
The one thing you can take away from this is that, with every great adversity comes great OPPORTUNITY. It’s not all gloom and doom.
Yes, you can prosper in a down economy.
So here’s 7 steps you can take to help you thrive, and not just survive, through this economic winter:
1. Decide NOW to Get smart
Know the overall trend so you know how to react. I totally agree with Tony on this point. You gotta know the rules of the game so you can play to win. Get smart now!
2. Start to educate yourself
I cannot stress this enough. Education is key to successfully navigating through this crisis. Learn and understand how to take advantage of the current situation.
3. Find your role model
The best way to learn is to find a role model. Find a mentor. Seek out successful people. Learn from them.
4. Get a strategy going
Figure out where the money is, how to get in the game. But most importantly, think about your exit strategy.
5. Make a plan and get it in action
Once you figure out your strategy, plan out what actions you will do to execute that strategy. Most important part: TAKE ACTION!
6. Measure it
There has to be a way for you to know that you are on track. You have to measure your progress against your plan and make adjustments along the way.
7. Add more value to people
I believe in karma. The more you give away, the more will come back to you. The more value you give to others, the more success will come your way.
There you have it. I hope it helps. Stay tuned for the next post!
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