How to Thwart Recessions and Economic Slowdowns

This article is about Money & Careers, Financial Freedom. Recessions can either be a catastrophe or an opportunity to get wealthier. Il all depends on how well-equipped we are to handle them. Let’s reveal what we must absolutely know to protect our purchasing power, our personal way of life and our collective wealth, but that governments try to hide at all costs. Let’s discover together the best strategies to come out unscathed and even with substantial profits from this economic slowdown. Our passion for financial freedom is based on personal growth and various experiences such as the private and public sectors, investments, businesses and entrepreneurs. How to Thwart Recessions and Economic Slowdowns When the economy reaches the status of recession, the stock markets suffer, the financial institutions’ quarterly results switch to red, the outbreak of bankruptcy often has the appearance of being a pandemic, and our purchasing power as well as spending drop progressively over months and years. The economy panics! For instance, a specific category of workers is directly affected and consequently other jobs will be lost in related spheres. Obviously, all of these people are forced to reduce their expenses. On the other hand, an important portion of the population is in no way affected financially by the situation. Yet, people with a stable income reduce their spending during a recession even if they are not going through a though financial time. There is no logical justification for this behavior. Unfortunately, this attitude seriously hurts the economy. What’s really going on? The answer is much simpler than what most economists and financial experts make us believe. Straightforwardly, two principles guide our economy: the money earned and the money spent. If over the last decades, North Americans excel at creating profits and bringing in money, they fail shamefully at the skill of spending and investing that money. Personal indebtedness related to credit and spending is worsening because too many people don’t understand their own financial responsibilities. Who are the ones responsible for this economic pandemic? Ourselves, the consumers! Schools are also part of the problem. Aren’t our education systems responsible to a certain extent for the personal indebtedness rate of individuals? Are the leaders in education failing in their mission by forcing a curriculum mostly based on theoretical scientific maths to the detriment of inculcating a pragmatic perspective of financial mathematics? We furthermore notice that the school system set itself the task of training employees and neglects to prepare students to be employers, entrepreneurs, company directors, investors, and people involved in leadership positions. Even if leaders in Washington, Ottawa and capitals around the world try to pull out all the stops to boost the economy and get it going again, they are in a very bad position, having to harmonize an economic and a political message. The harsh political reality forces them to edit their economic speech to stay within the boundaries of political ethics and to avoid irritating their commercial partners. The message intended for the citizens thus becomes biased and lacks transparence. This failure to communicate often jeopardizes the best economic strategies. That’s why governmental initiatives often don’t yield the expected results. Governments involved in globalization must also adjust their speeches and economic decisions. Any allusion to protectionism is banned from their vocabulary or they will face the worst sanctions from their trade partners. Are individual protectionist initiatives perfectly justified and legitimate? Why purchasing goods and services produced in our countries or through fair trade with our partners is a winning strategy? As consumers, by taking advantage of low prices for products or services, provided by exploited workers, we accept that someday, we will undoubtedly become a nation of underpaid workers. How to Thwart Recessions and Economic Slowdowns by Glowing Shadow Productions Inc. reveals a winning economic philosophy. The authors of this book are not tied by these political stipulations and the deception that surrounds it. They describe the economic truth as it is, with no detour or diversion. In recessions: - We must avoid dramatizing eventsn- A collective effort is much more beneficial to the economyn- We are still a society that possesses an economy, and not the oppositen- Spending on products made in countries with decent work conditions is investing in our futuren- Changing our habits is the only way to get better paid jobs for everyonen- Purchasing goods and services produced in our countries or through fair trade with our partners is a winning strategyn- Every consumer must use their power to choose products that stimulate economic growth and our national wealthn- A good management of a personal budget strongly contributes to the dynamism, growth and consolidation of the economyn- We must distinguish useful credit from harmful indebtednessn- Regardless of the trigger, it is the way we react that puts us in a position of weakness or strength when facing individuals, situations, or eventsn- If as an employee, we lost our job or we are not well-paid, it is the ideal time to think about launching our own businessn- What are the worthy affective attitudes, which are the roots of a strong base and of the precious secret to success? Let’s think winning for individual and collective success! Visit us at http://economy.glowingshadow.com Enjoy reading the book How to Thwart Recessions and Economic Slowdowns to get wealthier! Available through Amazon and Barnes & Noble. Bibliography :nhttp://tr.im/oH46