Friday, January 30, 2009

Silver Lining


For sure the situation is getting ugly and all the newspapers are reporting gloomy news by the minutes, but good news should exist in this recession - they always do, it's just a matter of finding them sometimes.

I thought I will share with you some good news and maybe you can find other ways to make this economy work for you.

How has the financial crisis affected us positively?

1. This crisis has gotten people nervous about their job security and from what I have observed, there are more people going to church, seeking spiritual “security”  - which is a positive news.

2. Those who loss money to the economy will understand, their investment portfolio may have devalue, but the price of their lives and family will never depreciate, in fact they are priceless.

3. The financial crisis has prompted many more people to follow our dreams and re-examine their priorities in life. I have left my job last year to pursue my MBA and I am now looking at services that I can provide for non-profit organizations.

4. With more uncertainty, people are saving more than before. Saving is a good habit and saving more is great for us! (But not so great for the economy. :p )

5. The interest rates have gone down significantly if you compare it to a year back and this is the best time to refinance your mortgages if you have any. Another great saving tips!

Have you found a silver lining to the economic crisis?

Saturday, January 24, 2009

Debt For Our Children


Are you one of those who:

  • Call your parents only when you need money
  • Borrowed money from your parents and never pay back
  • Have brochure from old folks’ home
  • Never visit your parents
  • Moved back with your parents
  • Won’t move out of your parents house

Even though this is just a comic, but is still pretty disturbing to see the points that the artist is trying to convey. As children or grandchildren, are we becoming more like a burden to our parents or our grandparents?

The next time before we complained about the huge debt that our parents or ancestors have left us, think about these:

  1. When was the last time you called your parents or grandparents because you miss them?
  2. When was the last time you gave any money to them?
  3. Do you want your children to send you to old folks’ home?
  4. When was the last time you visit your parents?
  5. Are you living at the expenses of your parents?

Thursday, January 22, 2009

President Barack Obama

President Obama I believe most of you have seen, if not, read the inauguration speech given by President Barack Obama. By comparison, the speech is not as bombastic as the ones given during his election campaigns. His speech did not even end off with the usual rock style celebration which many felt disappointed, including myself… I turn off the TV and went straight back to bed. This morning as I watched the repeat telecast of his speech, give a thought about it and finally found the sense in it.

1. The first presidency speech usually marks the branding or tone that will depict the way a president will run the nation. And to tackle the greatest economic crisis since the great depression in 1929, President Obama has to first wakes the nation. We are living in reality and if there is no pain, we couldn’t have evolved or progress to where we are today. He reminds us how the forefathers of United States overcome adversities by fighting with real blood and tears in the cold winter for a common goal - the future generations.

2. Getting the priorities right. In the previous presidency, the priorities were all wrong - sending soldiers to war, helping corporate expansion, controlling oil prices and output. Instead, priorities should be sending more people to schools, improving the medical system and finding ways to be more energy efficient or environmental friendly. The $850 Billion stimulus package that his office proposed should do just that.

3. Isn’t it better to have one more friend than a foe? If you are willing to lend a hand to your friend, open your heart to an enemy and make a stranger felt at home, the world would be a better place. President Obama wants US to open up to all nations in the world including the little village in Africa which his father was born.

4. He admits, it is not an easy task and time is required. Nevertheless, he is confident the problem will be solve, as always. The first 100 days will be the crucial period. Politicians, economists and the world will be watching and benchmarking him. Can he live up to expectation? Only time can tell…

Monday, January 5, 2009

Economic Storm

economic storm

The Perspectives:

1. The economy wild ride is not over. (The tough ride in the choppy waves)

2. There are more economy bad news coming. (There are dark clouds and lightning, but the rain has yet to come)

3. Expect the worst when you least expect it. (Lightning can strike twice)

4. Those who have faith and prepared themselves for the economic disaster will survive and prosper. (Noah’s Ark story)

5. We should wait patiently for the bad economy to turn to good. (No matter how bad a storm is, there is always an end to it)

2008 is finally over and happy 2009 to you guys!

For me personally, the most significant event in 2008 was to leave my banking job to pursue my personal interest and to further my studies. It wasn’t easy leaving a comfortable life that I was so used to. And for a while, I was still thinking whether did I make a wrong move.

For the last few months that I rested, I began looking for a new story that I want to include in my life journey. I started reading and the more I read the more I am glad I moved on (forward). For life is more about the journey then the destination, and if I did not move away from my comfort zone, how would I improve? 

What was the most significant events for you in 2008?