Beating the credit crunch is not as simple as starting an online business or buying Below market price properites and going to work everyday is not going to beat it. EVER! Neither is sitting on your butt doing nothing. In fact it’s going to take all of these things with the exception of doing nothing.
Now when I say stop the credit crunch, I mean for YOU.
First you need to know a little about how this world of ours is working. Most of you should have heard of the World Bank by now but few will know what it’s all about. Of course you can take a look at thier website but that will tell you little. Some critics of the World Bank say that the institution has actually contributed to poverty around the globe instead of reducing it and that it supports US business interests. We have seen this in the last week or so and massive contributions from the UK were well recieved. I am talking Billions.
It is also said that the World Bank has consistantly pushed an agenda imposing policies on developing countries which have been very damaging and almost anti-developmental. Is the Bank blaming the poor in these countries for the problem?
How much influence does the US have on the World Bank? Again, criticisms of the structure of the World Bank point out that the president of the Bank is always an American who is nominated by the US president himself and at present that is George Bush. World Bank or US cash to control the world? I will leave it up to you to decide.
The Bank of England’s website talks of financial stability and that’s something the governement noted several times in the latest budget. Maybe they read the website to and considered it good for the budget. I strongly recommend reading the 2006 and 2007 report which can be downloaded free from the site.
The work is linked to the Bank’s surveillance effort which aims to help identify possible risks to financial stability and hence promote risk mitigation by policy makers and private sector risk managers. You will find it under pulications and then stability reports. What you will notice is the Bank was getting very nervous back in 2006 about what is currently going on. Did the government listen. Well, maybe but Mr Brown didn’t seem to when he delivered his “last budget” before becoming PM.
Why is that cigarettes and booze are always at the top of the agenda on any budget. Is it because in times of trouble the government knows what to invest in when the times are tough.
People get more stressed as they have less money, they may drink more at home to drown the problems out. When people atay home more they use more power. Should we invest in utility shares? Well, these prices seemed to have risen sharply since the news about the credit crunch was considered a problem by the Bank.
What about shares in supermarkets and food producers. Again, the prices all seem to be going through the roof. Wheat? Gold? Highest ever prices.
Why are Banks all going down the tube? Well if you read the report for 2007 from the Bank of England they actually mention Bears Stearn in there as being in trouble due to two massive hedge funds. They knew it was coming. We just read about it.
FEAR and GREED is what helps the Banks make thier money. At the moment we are in the state of FEAR. Sell sell sell. We have just come off a massive trend of GREED, buy buy buy. BUT IT ALL, they have told us. No wonder debt is at records. Besides, the Banks all tell us if you cant afford it we will lend it to you. CREDIT CARDS. From the day you are born something is put on a creidt card for you. Student loans. You see all the banks lining up to give you credit, pay your debts etc. They have you and will not let you go. Some call that Mafia, some call it the Firm, the Bank and many call it Life.
With all the Banks going down it’s hard to see through the mist for anyone still making money. Do you hear of Facebook going broke? MySpace, YouTube, Google, Ebay, Microsoft or any of these big Internet Companies? Are they asking the World Bank to save them? Probably why so many people are starting an Online Business…;-]
Do you know that at the age of 65 only 1 out of 100 will be a Millionaire? The rest will struggle to make ends meet. Will you be the one?
When you left school all bright and fresh ready to tackle the world do you remember your teacher coming up to you and saying, “Who wants to go out into the world today, get a job you don’t really like, work very hard at that job, for the next 45 years (or even more now), pay your bills on time and forget about doing what it is you reallt want to do because there is no time left?” Then you get to retire, most will rely on the state to support you and if you live until a ripe old age you may be lucky enough to finish your final years in a state run old peoples home.
Would you have said yes to your teacher? Some would have as they have been told by thier parents it’s the best way.
Now, if that teacher came to you and said, “Who would like to learn how to set yourself up financially and at the age of 30 or less you never had to work another day in your life and you get to spend your time doing what you like. Travel, spend time with family, have a business that you were proud of and helped change peoples lives and live your dreams?”
I’d like to think you would have said yes to this.
I read somewhere once that If you want to succeed, you need to figure out what most people are doing and do the exact opposite.
Right, why on earth am I bothering sharing this with you and spending the best part of an hour of my time typing? Because I am one of those who give a damn. In fact I love seeing people change the way they were taught to think and start thinking for themselves and about what they prefer. So, step up and take a very big look at what you are doing in your life and if you see room for improvment take the steps and get started.
Maybe you want to stop smoking to create extra income, less booze, ride your bike instead of taking the car, eat at home and forget the takeaways, turn the lights off in the room you’re not in, wear an extra jumper when you feel cold, buy unbranded food, write down a budget or whatever it is that most people do.
Or, you could learn what it is that will make you more money so you don’t need to make these sacrifises.
It’s your LIFE. Treat it that way
Take care
Ashley Banfield
www.onlinebusinessmarketer.com/blog Make sure you read my other posts on my blog. You never know, you may just learn something.
