FINANCIAL CRISIS 经济危机

FINANCIAL CRISIS 经济危机

Last year,Dec'09. I had attended our CA Biz School one of the program called . Our Guest speaker is from S'pore local largest Bank Asst. Vice President, who earning $6 digits/months to share with us the Topic of this FINANCIAL CRISIS 经济危机 .

Insides this seminar, I learnt a lot knowledge about this Worldwide Financial Crisis and what should I do NOW to AVOID and say "Good Bye" to the NEXT Financial Crisis in my life.

At here, I will sharing with you all what I had learnt from our CA Biz School teacher.

Give all of you 3 Questions:
1. How will the financial crisis continue to unfold?
2. How will the financial crisis affect you?
3. How can you better prepare for it?

S'pore PM Lee says WORLDWIDE ECONOMY will be restored in 3~5 Yrs.
Jobless claims surge to 16 Yrs High ( 542,000 Americans 26Yrs High )

Recission in Europe, Japan, Asia, Singapore
-Bank Boil OUTS.
-Housing, Auto & Financial Health of US Economy.
-7.5Million homeowners "UNDERWATER".
-Automakers plead for funds to prevent "Collapse" of US Economy.
-Big Banks get crushed.

Another 3 more Questions for you to think about it:
1. What is your total personal and household expenditure per month?
2. What is your total amount of savings?
3. How many months can you last without a job?

History of MAJOR RECESSIONS : 经济萧条
1. Great Depression ( Yr1929 - 1939 ) : 10Yrs
2. Oil Crisis ( Yr1973 - 1975 ) : 2 Yrs
3. Energy Crisis ( Yr1980 - 1982 ) : 2Yrs
4. Asian Financial Crisis ( Yr1997 - 1999 ) : 2 Yrs
5. DOT COM BUBBLE, Accounting Scandal in US, SARS ( Yr2001 - 2003 ) : 2Yrs
*Ask ourself : " We can live through all future crisis comfortably? "

S'pore population 4.5Million will increase to 6.5Million.


STOP looking for JOB Security;
START looking for FINANCIAL Security.