Things you can do during this economy crisis

Malaysia
March 20, 2009 2:13am CST
A lot of companies are saying they are trying to improve their business and get as much profit as possible, etc. But to me, those are just lies. Most companies nowadays are trying to stay float and stay alive. As a matter of fact, there are only few industries which can claim they are trying to increase their revenue this year such as food and beverages, health care, etc. For others, it's purely a matter of survival. But this does not apply to companies alone. It applies to people like us as well. During difficult times like this, there are few things that we can actually do. 1. Survive. Rather than aiming for the top and becoming as rich as possible, I believe we should try to survive. Don't spend on the things that you don't need. Keep the money in a safe place or invest them somewhere less volatile such as Fixed Deposits or bonds. Survival is actually one of the hardest things to do now since there are many jobless people out there and paying the bills alone can be a big problem. I myself have just got my salary reduced by 40% and I barely have any money left to survive in a single month due to my commitments. So the priority here is to face the reality, and give up hope of becoming rich. Instead, we should be aiming for survival which I believe can be achieved if we are willing to live frugally. 2. Prepare. The current economy crisis will last between 1 to 3 years. And by the time it ends, or even before it ends, we should make sure that we will be there to pounce on any good opportunities. We should prepare ourselves by going to trainings, seminars, and improve our skills. And we should start networking around with other people in order to make ourselves known. When the economy recovers, we need to be ready to grab the top spot. Because many people will still be in their dreamy or worrisome mood, it is up to us to ignore our negative emotions, be positive and grab the opportunities that come. Also, remember that this kind of economy crisis will happen every 9 or 10 years. If you miss this opportunity, the next round will be maybe 10 years later. Last but not least, remember that during such difficult period, we should always stay in touch with our family and friends because they will be the people who support us whenever we fell. Lead a simple life, live frugally, improve ourselves, and push for the top when the time is right. Hope it helps.
2 responses
@mhayfie (241)
• Philippines
20 Mar 09
yah..such a good i idea..its very ideal.. i hope there are lot of people thinking like you do atleast the process helps!!!! especially if you add up prayin of course with accompanied action... GOD BLESS!
• Malaysia
25 Mar 09
Hi mhayfie, thanks for the compliment. I'm just hoping that people do read this short article and also hoping that it'll help them in this difficult time.
• China
27 Mar 09
You are quite right.During this crisis time what we have to do is prepare ourselves to be survive.