How to stay afloat in a downward spinning economy:2 tips and some tricks

Whenever the economy is bad, getting worse or has hit rock-bottom, there is usually pandemonium, the press goes to town writing and saying all they can about how bad things are and how it is bound to get worse. However, there is always that silent voice, almost like the voice of reason whispering the word: COMMON SENSE!

Below are 2 important tips or tricks (since not many people do them) that one should apply in the days of financial and economic trouble.

1. Press Re-set Button

Any of us who has used a modern electronic gozmo before knows what this button is. It is the rescue spot when your gadget freezes. Some computers also have it. To do this to yourself in real life is indeed one of the fundamentals of surviving hard economic realities. The practical way to press reset button is as follows:

• Re-evaluate your spending. Are you spending first on what really matters? Toothpaste, toothbrush,shelter not unnecessary luxury in a penthouse. Gas guzzler automobile versus biking/small fuel efficient scooter.
• Re-assess your income. Do you refuse to work overtime and get the pay? Are you giving far too much of your services away for free. Are you getting paid for the knowledge you give away everyday or are you giving it away for free as free advice?
• Re-define your saving plans. Initially after college you wanted to spend wildly for 5 years before settling down. Now you should re-consider and start saving now. The savings you put aside now could save you when your employer suddenly lets their best employee of the year go….and it was you!

2. Seek new Knowledge

For the recent college or grad school graduate, this sure would taste like sand in the mouth. However, the reality is that many people end up earning a living from a skill very different from what they have been studying for years. With digital technology exploding over and over daily, access to knowledge is no longer a tenable excuse

• For visual monsters who love movies and TVs, hook your high-speed internet onto a TV monitor and consume the gazillion number of how-to videos online.  Start at Youtube.com, look for youtube.edu or simply google the topic of interest  (+) video. You may soon fin=d out how this skill can earn you extra money.
• For the rest, devour websites that have information that you are interested in. Seashells, cart wheels, dentures or any other topic. You are increasing your knowledge-base and in a knowledge-driven economy, this is a trump card.
• If you are more advanced, look for some youngsters to teach. teach them for free or for a fee. Volunteer to teach a young lad, volunteer at the local church. Teach teach teach. Giving to society is sure one way of tapping its resources.

I hope we can start applying these tips and tricks in our daily lives. If you have other tips and tricks that have worked for you, let us hear them in the comments below.

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