you had seemingly upheld yourself well above the competition..
then it's now time to tackle tougher challenges ahead. put your savings into work and invest wisely and always guard that from possible losses...
if all things goes with the plan, my current marathon will be finishing in coming fortnights. but i will not stop there, i will simply take a breather and prepare for the next one.... an "ultramarathon" maybe :)
my learned and implemented formula to long term wealth...
start from paying 10% to yourself first. it is definitely a tedious and boring process for a very long term.
and the objective is to increase the percentage at every turn of the year.
slowly but surely, gaining wealth financially and intellectually shall bear sweet returns at the end of the day. ;)
never loose hope, as if running a marathon, take the miles one by one by your own stride and keep on going forward, the challenges gets tougher as you gets farther, but if we held our ground, we shall see the finish line any time soon...
it means good opportunity for those who had prepared for the rainy days. properties and stocks for example will drop down to "pit bargain levels". i call it "white swans"
but if you have no spare cash to dispose and no savings at all and burdened with huge debt, recession shall mean famine or the ones i called "black swans"
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you had seemingly upheld yourself well above the competition..
then it's now time to tackle tougher challenges ahead. put your savings into work and invest wisely and always guard that from possible losses...
if all things goes with the plan, my current marathon will be finishing in coming fortnights. but i will not stop there, i will simply take a breather and prepare for the next one.... an "ultramarathon" maybe :)
all the best :)
my learned and implemented formula to long term wealth...
start from paying 10% to yourself first. it is definitely a tedious and boring process for a very long term.
and the objective is to increase the percentage at every turn of the year.
slowly but surely, gaining wealth financially and intellectually shall bear sweet returns at the end of the day. ;)
never loose hope, as if running a marathon, take the miles one by one by your own stride and keep on going forward, the challenges gets tougher as you gets farther, but if we held our ground, we shall see the finish line any time soon...
:) cheers!
Well true enough Yano, but I am saving 50% of my salary each month...
Therefore I believe I will see the finish line before most!!
:) Cheers also!!
Yes, but the thing is yano, if I kept holding it back and slowly accumulting, how would I ever get to a decent level if all things fall through here.
Saving hard now to ensure I don't need to lose out later. I wish people could also see the benefits as opposed to wasting all they earn here tax-free.
just take it slowly accumulating ... no need to hurry up.
the current trend will take some time to reverse. ;)
So I am white swan then yano_08
At least I am useful for something!
theres two meaning for me;
it means good opportunity for those who had prepared for the rainy days. properties and stocks for example will drop down to "pit bargain levels". i call it "white swans"
but if you have no spare cash to dispose and no savings at all and burdened with huge debt, recession shall mean famine or the ones i called "black swans"
Recession is defined as 2 consecutive quarters of negative GDP growth.
9% growth forecast for Qatar for 2009 which is pretty optimistic but will be one of the best performing world economies this year.
Situation when GDP falls below zero
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Listen to Many..Speak to a few.
Recession is when two consecutive quarters of the Financial Year yield negative growth...
Simple, easy to understand...