Remember 2008 market fall? That was nearly 10 years ago. But to tell you the truth, that was one moment in America's history when market and society spoke the truth. A bitter but stark reality. Blood was running down the street. Millions of us lost our jobs and homes.
Remember, they also had a job and probably saved something as well.
So, I am not telling you that there's a possibility that it might happen again. I am telling you that it is going to happen.
You see, times of prosperity is a facade of the greatest magnitude. It doesn't show us the right picture. In times of prosperity, a house worth $10000 could be on a sale for $50000. And what is more surprising is that people are willing to pay $70000 for it at that time failing to realize its actual worth.
And currently, we are living in a time where which Instagram filter to use is a topic of discussion. It is a direct indication of the fact that we are cruising through the most prosperous time in the history. It is a time when what is real fails to catch our attention.
Looking good on Instagram is a luxury that is nice to have but having food and shelter is a necessity. In times of economic or political disruption, things which are paramount is the only thing we care about. I have learned from experience to focus and understand the working of economy and society when it is failing because it is the best teacher in the world.
So, what do you think is your savings worth? What do you think about your job from your employer's point of view? Most of our job is that Instagram filter which is nice to have for our employers because it makes them look good. But when it will come for their survival, they will throw you under the bus first thing in the morning.
If you are looking for a solution, I won't be giving you an exact one. But there's one thing that I will tell you. Create leverage on things that is fundamental to our survival(for thriving in times of crisis) and desires(for thriving in times of prosperity).
Wake UP! there's not enough time left. In simple language, Winter Is Coming, either you choose to believe or not.