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10 Reasons Why Recession is Good for You
April 3rd, 2008 | Author: Noobpreneur | 6,201 views
Economy today causes most of us headaches – not only in the US but all over the world.
In my country, the economy condition is quite severe – prices soars, essentials scarce, inflation rate rises, and many more.
However, recession does bring good things in life. Here is 10 reasons why recession is good for you.
- For you investing in precious metal, recession soars your investment value. For you that haven’t do so, will start thinking about investing in a more stable and inflation-free investment options, which is a good move. And, oh, buy dollar now.
- Recession push you to work smarter – You will use more creativity juices to tackle the recession, which leads to better productivity and more breakthroughs.
- Recession is good for your personal finance and money management. Recession will push you to re-manage your personal finance – you will count every penny spent more vigorously than ever.
- You will live a healthier and greener life – You will start thinking to change your light bulbs to LEDs, reducing non-essential household power consumption, walking the pavement or riding a bicycle instead of driving a car, less eating out and more home cooking, less meat eating and more vegetable eating, and many other benefits.
- Retail businesses will usually, by nature, offering you more discounts and perks at a longer period to attract and retain customers and visitors, which is good for you.
- You will live a more religious life – you will think of God more and seek for spiritual guidances more.
- Energy saving and alternative energy companies will reach record high in sales. New energy-related business will be established and gain better success rate.
- What comes down must comes up – nothing better than a rebounding economy – be sure you ready to ride the wave to reap the reward.
- Recession will make family members think more of their family – Stronger bond, stronger will to survive the recession – definitely a good thing!
- Be strong and take courage – Recession will test and form your character and willpower. When the recession has passed, you are becoming a new and better man.
Ivan Widjaya
Recession is good
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- Gaining Control of Your Business and Personal Finance is Key in Surviving Today’s Financial Crisis
- 5 Reasons You Should Consider Selling Your Business in 2010
- Flourishing Business Opportunities in Recession
About the Author
Ivan Widjaya is the Owner/Editor of Noobpreneur.com. He is a web property investor, blogger and web property maker, and currently manages and writes for Franchise Note. He also runs a web design business, Chalcedony Design, specialising in Wordpress theme creation.
Visit Noobpreneur's profile and other posts.
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Ivan,
This is a good list. #8 is especially good — that’s the best part of recession. The rebound. :)
Anita
Anita,
Thanks for your comment. Let’s ride the wave! :)
this is very good suggestion. now the employees facing a problem.
Hi Brajesh,
Cheers!
great i like this attitude
very true
khan,
Sometimes, there is nothing we can do to tackle problems related to recession except staying positive that could affect the people around you to be better, too.
Thanks for dropping by! :)
Alot of good has come out the recession. It is a big wake up call for Americans trying to live a unrealistic decadent fantasy life based in consumer goods. Frugality is back in style. Learning how to properly manage money and live on tight budgets will help people in the long run. Being broke also teaches folks that all that glitters ain’t gold; money and material prosperity ain’t everything in life.
Hi,
Yes – Recession “insists” people to learn managing their finances better, and (hopefully) people are becoming smarter in their money management. Thanks for your valuable insight.
good points
how is recession good for betterment?
could you detail it a bit
Hi Ashwanth,
Just like I mentioned in the article, recession put you under a certain pressure that could bring the best of you. Just like everything in life, deadlines and pressures are doing good for the right person with the right mindset – Students do well in tight school projects’ deadlines; Writers do great when publishing deadlines approach; etc.