Hello there, we meet again. Financial Freedomino is preparing one new series to be shared together. As for the Part 1 of Preparing For Next Recession, some ideas will be listed.
Economic Recession is one of the biggest problem and mistakes face by us nowadays. Since most of us are implementing and practicing the Capitalist Model Based Economy, so we will be facing this problems later.
What is the Capitalist Model Based Economy?
Simple words, Capitalist Model Based Economy is to make sure profits keep on returning and increasing. Expecting a very high Return Of Investment (ROI). In this concept, profits will come first while other rest are all left behind.
Once the recession hit the world, we can see and heard one by one company collapse. One of the consequences is many of workers will lost their job. Without paycheck, will they survive? or CAN YOU SURVIVE IF YOU ARE ONE OF THEM?
Yes! Only if you are preparing for it!
From the latest economy recession, it can be included that:
- The time scale for these few years of the economy recession is around 10 Years. Therefore, you will have around 8 Years to be prepared for next recession after recovering from the latest recession.
- The latest trend is, even a country can collapsed and bankrupt. The best example is Greece. Imagine if a country bankrupt, how many major impacts can rise after that?
- Not only small business and industries get the catastrophic, but giant, established company are also facing the problem. One of the example is, Sony. During the latest recession (2008-2010), the news reported that they have to shutdown a few investment done in other countries or even reducing the operation cost. Who say the giant can't fall?
Therefore, we will always to be prepared. The good investor will always be prepared.
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