Stop Fearing Recessions
Fear is a strong emotion. It is an emotion that can cause people to take extreme actions. The onset of this strong emotion can be easily witnessed in the business and personal world with the mention of one single word. One simple word that rolls off your tongue easily yet causes people to almost immediately begin to worry and sweat. The fear invoked by suggesting the economy may be in a recession or even just heading into a recession has vast implications to many people.
Concerns about employment, investments and the future are quickly brought to mind and the negative impact a recession will have on all of these major items in most people's lives. What can be done though to alleviate this fear that is created when a recession is upon us? What can the average individual do to ensure that their incomes, their futures and their lifestyle are recession proof?
Definition of a Recession
Before we get into how you can recession proof your income, lets first make sure that we are clear what a recession means. By definition, an economy is in a recession when there is a decline in economic factors that lasts more than a few months. These economic factors can be, but are not limited to employments statics, manufacturing production numbers, income of citizens, real estate transactions and wholesale-retail trade. If these economic factors are seen to decline for a specific economy for over two consecutive quarters, by definition that economy is in a recession.
Necessity of Recessions
Looking at the history of financial markets for any economy will always show certain periods of time where the economy was in a recession. While recessions can last from 6 to 18 months, there are many factors that can cause an economy to enter into a recession, as well as many solutions that allow the same economy to grow out of the recession.
In the end, recessions are a necessity to the overall growth of an economy. Yes that may sound counter-productive but what a recession ensures is the stability of the economy and allows for strong foundations to be built and allows the economy to grow.
The global recession that was induced in 2008-2009 was due to risky, and in some cases unethical investments. These investments were woven into many country's economies and when the truth came out as to what these investments were, and the loss in value these investments immediately had, many nations faced grave economic times.
The positive factor was these investments were "flushed" out of the financial system and new sweeping measures were put in place to ensure this type of financial disaster did not occur again. The growth that was experienced by these investments was not only halted by the recession, it exposed weaknesses in the financial markets. As a result of the recession, the financial markets are now much stronger and have the ability to grow more rapidly and safely.
Recession Proof Income
With a basic understanding of what a recession is, one may now ask "How is it possible to recession proof your income?" Again looking at facts and figures will be the only way that one can understand how this is possible.
If a recession is based on the decline of an economy, then any economic factors or industries that continue to grow during that period can be considered "recession-proof". Remembering that the basic definition of a recession is a decline in two consecutive quarters, an industry that continues to grow quarter after quarter is the exact opposite of a recession.
This industry is not imaginary, it is not a fairy tale it is true. Furthermore is also a global industry and one that anyone with the desire too can be a part of. This industry is of course is the network marketing industry, or MLM.
The network marketing industry has been in existence since the mid 1940's and is now in more than 172 countries around the world. When looking at the growth the network marketing (MLM) industry you can see the continuous growth that has occurred. Most recently from 2008-2009, while most industries were in panic mode, the network marketing industry flourished.
How to Recession Proof Your Income
To be skeptical of the MLM industry is understandable as there have been instances of unethical business practises. 99% of all network marketing opportunities are legitimate, and to truly understand the network marketing industry one must educate themselves and gain facts about how an industry continues to grow in the face of global recessions.
If you have the desire to create a recession proof income, that is the first step. You must have the desire to want to change before you can begin. Having that desire will allow you to properly educate yourself and partner with a MLM opportunity that will suit your needs.
It is at this point that Engineered Lifestyles can help you. Our experience working in the MLM industry allows us to directly work with you to get your questions answered and develop a recession proof income. If you have the desire for change and want a recession proof income, do not wait any longer. Click on the Get Started button at the top of the page to start your investigation process and have Engineered Lifestyles help you.
Become an Entrepreneur
Possessing a team of like-minded people is one of the keys to success and is essential in any business. The results you achieve will be directly related who you surround yourself with. You may be in business for yourself, but you cannot do it by yourself, you need a team. A team that you can rely on. Engineered Lifestyles has the experience and can provide you with the team you need for success!
If you or a team of individuals are in a situation where you want to become an entrepreneurs, but require a business opportunity and assistance to establish it, Engineered Lifestyles is the first step for you. Contact us now to start planning your successful future.
There is no short cut to success. There is however a difference to the efficiency and methods you use to develop your ideal personal economics. Take a moment to look around and you will see countless people all working in their own way. Who is successful depends on their financial goals and if they are achieving them. What works for them may not specifically work for you.
This is why you must inform yourself of the possibilities which exist all around you to achieve your desired lifestyle. Information is key, then taking action is vital to your success.
Those that want it the most will take the time to become informed. To get the information and support they need to have the potential to improve their personal economics take action today. Why wait any longer? Click here to get more information
Start living the life of your dreams!
- Business of the 21st Century
- Definition of an Entrepreneur
- Definition of Entrepreneurship
- Employee vs. Entrepreneur Mindset
- Entrepreneur Risks
- Entrepreneur Skills
- The Perfect Business
- Transparency in Network Marketing
- Types of Entrepreneurs
- Who are Entrepreneurs
Additional Entrepreneurial Topics
Join Our Mailing List
Stay current with free training, millionaire tips and additional ways to improve your health and increase your wealth.