Three types of people in the world……..
The recent and ongoing world economic crash is one which will be remembered by everyone for a very long time and will change the way things run and operate in the future forever. This change is not ‘going to happen’, it’s happening and if you think what you used to do will work tomorrow chances are it won’t. Obviously the common principles of people relations will never change but the interaction within society is changing. There are millions of people around the world suffering financially from stock prices falling away, from house prices falling and from any other means associated with the credit crisis. Closer to home the building industry is feeling the pinch with many leaving the profession in search of more work. The same is happening to Real Estate Agents where many have left in the search for steady income. But the facts of life are we are all in this together. Unemployment Rates are set to rise from 4.2% now to approximately 6% by next year which is the highest in over a decade. If you look back we have just come off a period of relatively easy money. Home owners only had to sit on their assets and they were making money every day. This stimulated the economy and money was flying in all directions.
But what’s happened now. Interest rates, petrol prices, house prices, commodity prices although easing back now went through the roof. This practically stalled the economy and has put the brakes hard on the house prices. It’s fair to say there have been many other factors leading up to the current economic climate that we are facing. I don’t need to go into it as we are inundated with it constantly in the papers and on the news.
You’ve probably heard the saying “There are three types of people in the world, those who make things happen, those who watch things happen and those who wonder what’s happening!” Everyone has varying degrees of how they pay attention to the world around them. Depending on your level of attention, you’ll notice the opportunities. If you’re the type of person who pays attention at a very high level, you’ll tend to see more opportunities and therefore make more things happen. If you’re the type of person who just pays attention to what they “have to” to “just get by,” then chances are you may notice a few opportunities, but for the most part you’ll tend to notice other people making things happen and then you’ll join in. If, however, you’re the type of person who doesn’t pay attention at all, you’re not going to even notice the opportunities, you’ll occasionally notice other people making things happen, but most of the time you’ll wonder what’s happening.
I believe that in the coming year there will be amazing opportunities coming up for people who are paying attention to what’s happening now. Mortgage rates are falling and are falling faster than ever before. House prices have fallen by 10% in most area since their high in September to November 2007. There are people crying out for help financially and if you’re paying close attention to the financial position of the world you should be able to see some opportunities that can and will benefit you in the future.