Raise Your Recession IQ - What You Need to Know About the Crisis
Unless you have been living in a rock for the past year, for sure you have heard about the current economic recession that is being experienced by some of the major countries in the world.
Most likely, the majority of what you know about the recession came from the media.
The problem with the media is that they have the tendency of painting a bleaker picture of reality than what it actually is.
You've probably read or heard about thousands of individuals losing their jobs and of thousands more losing their homes and their businesses.
But this is just one side of the recession.
What the media fails to tell us is that it is possible to thrive - not only survive - during a recession.
Indeed, it is possible to make money and build wealth even during times of crisis.
Most of us are ignorant about the recession.
It is not completely our fault though.
It is just that we don't get enough information about it.
If we are to live through this crisis, then we have to raise our recession I.
Q.
That is, we have to learn more about the recession than what we read in newspapers or see on TV.
In Economics, the term recession is used to describe a situation wherein a country's GDP or gross domestic product is on a slide for at least two consecutive quarters.
Simply put, a country is said to be in a recession if its income dips for a certain period of time.
On a more tangible level, recession usually translates to unemployment, bankruptcies and a decrease in the value of a currency.
What people must know is that it is still possible to make money even if circumstance point to a recession.
Fact is, a recession opens plenty of opportunities especially for creative and resourceful individuals.
The Great Depression of the 1930s produced very wealthy individuals.
Believe it or not but things were much much worse back then.
Do not be bogged down about the stories that you have heard about the plight of the economy.
Instead, make your own story.
Take advantage of the many opportunities that the recession presents and you will definitely come out of the crisis richer and happier.
Most likely, the majority of what you know about the recession came from the media.
The problem with the media is that they have the tendency of painting a bleaker picture of reality than what it actually is.
You've probably read or heard about thousands of individuals losing their jobs and of thousands more losing their homes and their businesses.
But this is just one side of the recession.
What the media fails to tell us is that it is possible to thrive - not only survive - during a recession.
Indeed, it is possible to make money and build wealth even during times of crisis.
Most of us are ignorant about the recession.
It is not completely our fault though.
It is just that we don't get enough information about it.
If we are to live through this crisis, then we have to raise our recession I.
Q.
That is, we have to learn more about the recession than what we read in newspapers or see on TV.
In Economics, the term recession is used to describe a situation wherein a country's GDP or gross domestic product is on a slide for at least two consecutive quarters.
Simply put, a country is said to be in a recession if its income dips for a certain period of time.
On a more tangible level, recession usually translates to unemployment, bankruptcies and a decrease in the value of a currency.
What people must know is that it is still possible to make money even if circumstance point to a recession.
Fact is, a recession opens plenty of opportunities especially for creative and resourceful individuals.
The Great Depression of the 1930s produced very wealthy individuals.
Believe it or not but things were much much worse back then.
Do not be bogged down about the stories that you have heard about the plight of the economy.
Instead, make your own story.
Take advantage of the many opportunities that the recession presents and you will definitely come out of the crisis richer and happier.
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