Back in college, I remember being all excited signing up for my first economics class.
That feeling didn’t last. It was pretty much all Greek to me.
But that was then, years have passed and I’ve grown. Little by little, I’ve become interested in stocks and the financial market as a whole.
The biggest change though was I found the right people to study from.
One thing that I came across in my studies really shocked me and I thought my readers may find it of some value – statistically speaking, in the span of 80 years we experience two recessions and one depression (the last depression was in 1929).
Most of us reading this know what a recession is because we’re in on. Since the crash of Lehman Brothers in 2008 the world has been teetering on the brink of economic disaster regardless of what our government officials say.
We all knew that something wasn’t right when trillions of dollars simply disappeared overnight. Where did it all go? And why aren’t the people responsible in jail?
We could ask questions like these till the cows come home but will they do us any good?
You can kick and scream at your son for breaking your priceless vase, but it still won’t change the fact that the vase is broken.
Accept it and move on. The question should always be – what do I do now?
Maybe you’re one of the many people that is asking themselves – when will things get better?
I have an answer for you. It might not be one you like but I assure you if you accept it, then I can pretty much guarantee a brighter future.
Things will get better when you get better.
That doesn’t mean you have to go back to school to get an MBA or master a new language, but it does mean that you have to start thinking about how you can prepare for any eventuality.
So while the picture may look bleak now, what are some things you could implement today that would prepare you for tomorrow?
Here are my 7 tips on surviving an economic collapse:
- Study each and every day.
- Brainstorm ideas with friends.
- Master interview techniques.
- Write a blog.
- Work for free.
- Write lots of emails.
The first is a no-brainer. The smarter you are, the better qualified you are to handle various situations and take advantage of the opportunities that come your way.
The second, brainstorming, is an invaluable exercise to come up with as many ideas as possible to whatever problem you have.
Some will be silly, others impossible but a few might just be the answer to your prayers.
Practicing interviews always pays off big. Too few of us take the time to hone our skills here, but I have seen firsthand how powerful they can be.
A blog is an easy way to pass along information to others just as I do here…it may not pay the bills at first but in time you never know.
I have heard of more than a few people making enough money from their blogs to quit their day job.
Volunteering your services to companies to gain valuable experience and contacts is always good if you find yourself with way too much time on your hands.
If you’re good, they’d be stupid to let you walk away after your predetermined time period.
Networking pays off big – go to church, attend functions, join community activities, sign up for forums in your line of work. You never know who will change your life.
If you’re struggling to find a job then it’s most likely that you’ll find yourself behind a computer much of the day which gives you plenty of time to write emails.
The more you write, the more responses you’ll get.
Write to famous people, write to business executives, write to anyone who you think may be able to help. Most won’t offer their help. A few will.
But if you sent out 10,000 emails and got 1% that would mean 100 leads.
I wish I had a crystal ball that could tell me what will happen in the next few years but I don’t.
Whether the financial markets implode or skyrocket in the next few years is irrelevant to me because by using these 7 simple techniques I have set myself up to win.
I hope you do as well.