7 Fool-Proof Financial Tsunami Survival Tips
I said it before... I'll say it again: Living by the sea is extremely cool. Especially having grown up in Illinois which, if not the armpit of the universe, is in farting distance of it.
Still, there's one thing I don't like about the coast:
Tsunamis.
It's a big danger around here. And just a matter of time before we're whacked by one.
Anyway, here's why I bring this up:
Just like water tsunamis... there are FINANCIAL tsunamis, too -- which can happen ANY time and (if history is any indication) unleash miseries galore on the unprepared.
And you know what?
Lots of smart folks see one coming. Are you prepared? If not, here are seven ways to prepare for the big "hammer-drop" that may be zipping to a bank near you...
1. Multiple Income Streams
Having just one income stream is DANGEROUS right now. If that's you, then you could do worse than building a second (and third) one as fast as humanly possible.
2. Think Negatively
Well, sort of.
I'm talking about this wise old adage:
"Hope for the best, expect the worst."
That may make some of the more "militant" positive thinking gurus weep and gnash their teeth. But it's a great way to prepare yourself for life's curve balls.
3. Stay Awake
Opportunities ABOUND right now. If you're awake (and sober), you'll see them. And if you're smart, you'll seize them while you still can.
4. Don't Lean On Politicians
Pinning your fate to some "super hero" politician (or party) is a bad idea. Gary Halbert nailed it in "The Boron Letters" when he said:
"Rely on your own strength instead of someone else's compassion."
5. Know Thy History
Many smart folks got rich in the last depression. Find out what they did, and then rinse, lather and repeat.
6. Sharpen Your Skills
Negotiation "guru" Jim Camp said it best: "The more effective we are, the more respected we are."
Good deals often chase people who excel at what they do. (And not the other way around.)
7. Learn To Sell
Selling is the world's HIGHEST paid profession.
Those good at it are always in demand. And there's mucho value in being able to sell people on your ideas, talents or even on YOU.
And there you have it.
Seven steps that are like strapping on a life preserver during the next financial tsunami.
Posted by Aneka Tips
on 10.19. Filed under