E.A. Davidson - Recession Millionaire: Build Wealth, Not Fear

RECESSION MILLIONAIRE

Build Wealth, Not Fear

E.A. Davidson

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Copyright 2019, E.A. Davidson

Disclaimer

All erudition contained in this book is given for informational and educational purposes only. The author is not in any way accountable for any results or outcomes that emanate from using this material. Constructive attempts have been made to provide information that is both accurate and effective, but the author is not bound for the accuracy or use/misuse of this information.

Contents

008 was the first time I ever came across the word Recession. I did not fully understand what it meant, but it sent cold chills down my spine to realize that a lot of business owners were scared of making losses. A lot of other people were scared of the increase in unemployment that may come with the period. However, the recession did not come with so much good. It came with more bad than good. Many businesses hibernated indefinitely; companies retrenched a lot of their staff members. Some others had their job offers canceled. Everywhere reeked of fear. After some time, things went back to normal. People were smiling again, and the recession was over. For a moment, it had felt like life was coming to an end.

From that experience, I got to understand how terrible things can get during the period. But then, there were a few questions that popped in my head a few times. Why does recession have to happen? What happens if it takes longer than usual before it ends? Are there possible long-lasting damages that occur to the system even after the period is over? The most important question amongst all was how to survive and make money during a recession. I bet you are eager for answers to these questions.

Over the years, the world economy has faced several financial crises. There is usually a global economic downturn in almost every eight years, and it comes like an apocalypse when people lose jobs and businesses fall. Did you know that, during this period, it is possible to benefit hugely from the situation? Did you also know that despite the financial slump, people still make millions? The answers to these questions are affirmative and this is the crux of the matter in this book. The possibility of making money and comfortably surviving a pecuniary collapse may sound unreal, but it is true. In this book, you will learn about how you can maximize the opportunities available such that your endeavors produce success.

Remarkably, this last decade has endured so many economic disasters in different parts of the world and it has also witnessed the rise of millionaires to billionaires. How is that even possible? I also had the same question as you.

The stock exchange market grossly contributed to the rise of millionaires around the world. The number of millionaires increased by 17% to 10 million, with their combined fortune surged by 19% to $39 trillion. This upturn signifies that a considerable amount has been recovered from the losses of the last economic breakdown. The value of stocks and bonds levitated a great deal and investment firms were able to recuperate their losses.

The swiftest development in fortune notably occurred in China, Brazil, India and a lot of other nations that took hard hits from the 2008 recession. Particularly, Asia had an enormous trade and industry enlargement that matched Europes economy for the first time and a lot of nations in the Latin American region recorded all-time highs in their wealth structures.

The cumulative riches of Asias top millionaires heaved by 31 percent to $9.7 trillion as they outshined Europe millionaires whose accumulated fortune rested at $9.5 trillion. In North America, the rich statuses multiplied by an astounding 17% and their collective wealth was worth about $10.7 trillion at an 18% increase.

The United States of America maintained its position as the household of the highest amount of world millionaires with almost 3 million people. Japan followed with 1.65 million people, Germany had 861,000 and China had about 477,000 people in the millionaire circle. Switzerland also had an extraordinary population of rich and wealthy people with a ratio of 35 in 1,000 grownups.

Mind you, all these statistics stated above were recorded within the last decade. Are you still wondering if it is possible to be part of these millionaires and billionaires that push the global economic wagon forward?

During the period when situations began to turn around, financiers maintained caution in their transactions due to the wrecks caused by the collapse that expunged stock gains which had been amassed for years, wheeled unemployment to a raise and contributed to the shrinkage of the global economy.

With the expense of cautious dealings, moguls still spent a lot of their money on substantial fixed-income investments such as real estate and other freights in an ongoing quest for predictable earnings and liquidity of cash.

The recession made a lot of business magnates smarter in their wealth and investment management. I believe this gives hope that rather than panic during a disastrous period, weigh your options and find a way out of it. Evaluate your ideas properly before venturing into it.

Millionaire families that used to save their monies in closer securities began to set feet on the developing economies of foreign nations and that is why many financiers across Europe and North America are found to be exposing themselves to Asian markets which are foreseen to be prospects of the worlds largest economy.

For better understanding, I am going to compare the importance of money to blood in the human body. The heart is responsible for the pumping and circulation of blood, which makes it a vital necessity for life. You and I know what will happen if the heart stops working. It means death even when there is blood in the body. This is what happens during a recession. It is a state of economic collapse. Invariably, it means that once the heart of a country stops circulation money, many parts of the economy will suffer gradually till the nation plunges to death.

In the human chain of coexistence, there is a need for relationships that involve the exchange of valuable commodities. There is always a need to satisfy and there are people on the other end who can provide these needs at certain expenses. These providers also have workers who help with the processes of making the needs available and are being paid for their services. The workers also have needs that will be met with the money being paid for their services. This is how the cycle of business continues to flow. If the demand for these needs decreases, the providers will also decrease their productions and workers. Thus, the decline in the market. Therefore, a recession happens where there is a downturn in business activities.

I

f you have been lucky enough to witness a storm or a whirlwind, you would understand how powerless everything becomes when it occurs. The heavy rains flood everywhere while the breeze comfortably displaces anything it can lay its hands upon. Recession can be likened to a perfect storm that upsets economic activities such that you can hardly control the situation. You can only complain about it. It will still wreck its intended havoc. When the financial storm occurs, it affects all and sundry, leaving no parts of the business sphere untouched.