There is a paradigm shift in the newest millennium about just what exactly will be considered money from now on. What our parents considered money even forty years ago is currently under a transformation. In the past several decades, the change moved unnoticed by most people. Despite having the existing economic conditions, and the severe deflation of the US dollar before 24 to 36 months, many people have not changed how they generate money to survive.
And that’s just what it is, simply surviving. We were taught to go to school and college, get a great education and a job. Take home a pay check every week. Purchase a home by leveraging your income, Buy that auto that’s also leveraged by your income. Fill your home with the latest in technology in television, audio, and pc’s, and conveniences including the best stainless steel appliances money can buy. In so doing this could make you very happy.
We were told that job security saving money in your 401K, having a tool such as a home and creating bad debt with bank cards would be OK because the worthiness, or money in other words would continue to understand, or inflate with time, and we’d have an abundance once we retire.
That’s proven not to function as the case. Money has seriously devalued before 24 to 26 months, to the level where in the US, we have had one of many deepest recessions within our history. The sub-prime lenders have devalued our homes to the level where they are worth just a fraction of what they were only a few years ago. Foreclosures are in an all time high. The stock market has lost over 30% of its value for investors and economist are projecting that the go back to its height will not be before the year 2032. Nearly three million Americans are unemployed, unemployed, with nearly 615,000 job losses occurring in February, 2009 alone.
Major Corporations have disappeared that were thriving in the 1970’s, 80’s and 90’s once we were told to “put your money into them.” They were thought to be secure forever. Many entrusted the kind of men like Bernie Madoff, to invest wisely and secure our wages, before the bust exposed his financial empire as an entire sham. Many baby boomers that were directed to truly save and spend money on the “traditional” methods of growing money and the institutions that were said to be secure have now learned they’ve nothing to show for a time of work and a commitment to the device that they were instructed to check out to guarantee their financial future and comfortable retirement..
Just what exactly now? The dilemma becomes redefining “money in the newest millennium.” Money used to be created out of job security. Well, with the existing state of the federal government, banking industries and corporate downsizing, the recovery is bleak indeed, or usually takes 20 to 30 years to recuperate to the boon quantities of the 1980’s and 90’s when money was flowing freely. Profit the newest millennium will be redefined using four key barometers: cash flow, debt, assets, and knowledge.
Every person that wanted the security of a job which was to supply the amount of money for their used in life must redefine the principles for themselves and quickly. The powers that be, are simply putting a band-aid on the situation, not developing long haul solutions to fix the problems that were actually produced by poor people economic decisions our political leaders have made before 4 decades in the US. And abroad.
The governments around the world are simply tossing tax payers money at the situation making hard earned dollars disappear for the middle-income group, and allowing the wealthy to truly stay rich. How many banking executives really took a pay cut in 2008 and and 2009. The golden parachutes were still inflated while the average American had to severely scale back on their everyday living, some losing precisely what they’d worked for, all their lives.
In order to rebuild individual financial security, an individual must control their personal cash flow. To acquire financial security, personal finances will have to be controlled much closer in the coming decades. To generate more cash as money devalues, cuts must be made. Major purchases must be delayed. We’ve already seen these shifts as retailers and manufacturers alike have seen a decline in sales over the past 24 months. Reviewing personal monthly budgets, controlling expenses, and making better fiscal decisions along with your income disbursement will assist you in developing a personal financial strategy to create financial security.
Debt must come under control. “Bad” debt should be eliminated and “Good” debt should be put in use to create your future. network marketing tips for guaranteed success The house rebate program for new house buyers was extended to April of 2010 to greatly help stimulate “Good” debt and get people back in homes. But what the federal government did next was to throw a “bad” debt program on the market to the people with the cash for clunkers and appliances programs having the American consumer whip on the market bank cards and check books for components of no real asset value. Avoid bad debt. Only use these programs when you yourself have profit your pocket. Make do with everything you have before the recession is finished and cash is flowing again.
Assets have shifted and you will need to shift with them. Since early nineties I’ve watched one asset almost quadruple in value and go almost unnoticed except by the rich. Gold in early nineties was valued at a around $300.00 each ounce. Today, at around $1100.00 each ounce, gold has climbed in value of 367%. Had you invested $100,000.00 in gold then, you would have a concrete asset worth over $360,000.00 today. A gain of over a fraction million dollars in today’s economy.These types of assets are what must be dedicated to, or at the least a part of your individual portfolio.
The final part of re-building your financial security will be the most crucial for true success obtaining financial security. By embracing this ideology, that one item can help separate you from the remaining portion of the pack. Anyone searching for serious wealth must understand that the old traditional teachings are flawed and money today is no more defined by “Job Security” but by “Financial Security” and to accomplish financial security, anyone enthusiastic about their personal financial security will have to step out of their comfort zone and gain the knowledge to become wealthy.
People who strive for financial security must decide to toss away the the old teachings and become a student of the newest paradigm shift that money is currently evolving in the newest millennium. The more the knowledge you access and skill sets you teach yourself and possess in what money is becoming, the farther prior to the shift you will be being an individual. You must move from a dying job driven economy, where there’s severe hemorrhaging of the entire world economies taking place. The governments of the entire world are struggling to correct the broken systems which they put in position because they’re working together with old traditional thinking and methods that no more apply in today’s world. The guidelines of the game are changing.You must become a student of success and achieve the success being an entrepreneur in the decades to come, to reap the financial rewards in the coming decades.
For one to “survive” you must decide to move toward a knowledge base resource of how to generate money and develop the skills needed seriously to attract true financial security. Along with your understanding that money is currently knowledge in these details age, you will have a way to begin to reap financial rewards by sharing your neighborhood of new expertise. When you control the knowledge that you obtain in the act, you’ll control “money in the newest millennium” and your individual financial security will prosper.