Tuesday, March 24, 2009

The economy crisis


I have had enough about the impact of economy crisis toward us, the people who live in this earth. This morning a read an article about the 'boom ' in entertainment industry in USA. The article made me scratched my head, no dandruff! The article described how the present economy situation encouraged more women ventured into adult movies and strip dance. I write on my believe that faith is superior, my religion taught us to be patience whenever there is trouble. The present economy situation is a trouble, so we need to be patience. We were struck by the same economy downfall few years back, in the 90's. Why don't we learn from the past, history.

I was so sad to come across a photo of pregnant woman on the pavement holding a placard written 'I am jobless, no home ' , forgot the exact phrases. reminder for us, do save money for the future. Nobody able to predict what gonna happen tomorrow, in the future. An expert advised us to save at least 10% out of monthly income. If you are parents, please, instill the saving habit to your children. I, myself, a bad money manager. The present situation made me more careful with money. I have enough saving for my retirement, my son education and in process to build a house. The photo remind me how important a house, a house built on wide area where I can grow vegetable and fruits - my dream home. I don't want to like some people out there who live in tent on government land ( illegally ), they forget to buy houses as they busy making money.

There are retrenchment all over the world as companies struggle to avoid major loss, cease business. The main option is to reduce workforce. Lucky for those who are ready to be retrenched and sorry to those unprepared. Those who have bank loans to be settled ( house and car loan ), schooling children and other are the most affected group. I am in government, affected too, not retrenched. Those who work in private sectors are prone to retrenchment. They need to look for job opportunity to stay alive, for the family sake. It's better to have second job, beside the official job, preparation for unexpected tomorrow.

Be ready for the unexpected, unless you're the main character in First Edition who able to know/forecast tomorrow events earlier. we are human being, careful is the word that must be in our mind.

No comments:

Post a Comment