Skip to main content

Posts

Showing posts from March, 2009

Winners in the Downturn..... a sequel to the Great Economic Slowdown

Recently, I happened to hear an audio program called the S trangest Secret by Earl Nightingale , renowned author and motivational coach. The message was so striking, that I couldn’t resist listening to it again and again. I ended up hearing it 3 times which speaks for itself, as to how inspiring the message was to me.       Through the ‘The Strangest Secret’ , Earl Nightingale tells us that, every single person on earth has a desire to be successful, has a desire to establish themselves as the top 10% in their field, but that only very few people are able to reach the pinnacle. He explains that, if 100 people were to be studied at the age of 25, almost all of them want to be successful in their lives. But out of the same 100 people, when analyzed at the age of 65, only 1 will be rich, 4 would be financially independent, 57 would be broke and rest would fall in the middle class with no savings.         Most of us conform to things that happen around us; we wake up in the morning and

The Global Economic Slowdown... Should we suffer or is there a way out?

I am kind of surprised to see the tremendous turmoil the recession has created in the lives of average middle class people like us. Even though we have a positively growing GDP, many people are cutting down on costs and improving their efficiencies. One thing I really doubt is: Is it really because of the recession that many companies are retrenching their resources or is it to keep the share prices ticking. I am no person to comment on the working of a company, but the fact remains that when a company lays-off people, its share price increases. Common people, fearing that their money will sink, have started panicking; a trend which has not been seen for years. Consequently, more and more people have started looking for a second income through part-time jobs. They are willing to work 16 hours a day – the regular 9 hrs at office plus the additional part-time hours. This is the culture that the West have been following for almost half a century now. Multi-billionaires also point out t