There’s no doubt about it: The economic recession that’s raging across the United States courtesy of an absurd number of layoffs, massive quantities of homeowners defaulting on their mortgages, an inflation rate that far overpowers current adjustments to incomes and the resulting decrease in consumer spending has hit everyone hard. As Americans struggle to pay their bills and put enough away to ensure their retirement, companies from coast to coast are taking a major hit in profits.
Somehow purchasing a new Ferrari just doesn’t look as appealing when you consider the impact that expense is going to have on your retirement account.
The bad news is that this trend doesn’t show any immediate signs of coming to an end, particularly as gas prices continue to soar. The good news is that an economic recession is not always a bad thing! In fact, if you are a savvy investor and business owner an economic recession can actually help you. Why? Because there are certain things that happen during a recession that, if used correctly, can help you ensure your security and the security of your family for many years to come.
It seems as though every time you turn on the news there’s another story about a plant that’s closing, another company that’s outsourcing their labor and laying off their employees and a rapidly growing line of people standing in the unemployment office. What they don’t tell you about is the hundreds of people behind the scenes who are benefiting from this economic recession. Why should they? Good news doesn’t make good news!
I firmly believe if we’re going to have our lives and our futures tossed like a boat in a storm courtesy of an economic recession, every man, woman and child has the right to know how to secure that future through the opportunities that are staring them right in the face.
As individuals we can’t change a single thing that’s going on "out there". What we can do is change the way we look at it and learn to seek out the hidden jewels of opportunity that make economic recessions a gold mine for the savvy investor.