world economy and my economy
TRANSCRIPT
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SPECIAL WEALTH
REPORTKey insights from those who always
prosper during times of crisis
(...even this one)
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Times are tough,
arent they?
The economy
is sick
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Politicians are arguingover how to solve thecrisis
Have you not seenthe headlines?
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Almost looks like 2009 is going to
be a tough year, doesnt it...
We have
the energycrisis
on our backs!
And as if things couldntget any worse... putting
your money on oilprices is a gamble.
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EvenChristmas
looked a
little bleak.
And thewarin the Middle
East isnthelping us
much, either
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To top it all off...
Its getting harder and
harder to hold on to... or
even find a job.
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Wait up.
Whats thatdate
again?
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Hold on,lets take a look at everythingagain.16 Aug 1974
15 Oct 1973 22 Jun 1970
2 Jul 1979
9 Dic 1974
16 Aug 197112 Aug 1979
24 May 19717 May 1970
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Arent we facing the
exact same situationtoday?
THINKabout it...
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economy
energy
oil
war
recession
jobs
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Goodness! People have been talkingabout the same problems over and over
and over... for decades on end!
Heres the point Im trying to make.
The media, you see, is in love with
sensationalism. They need something
to sell. Period. So theyre going make
things sound like, well... like the world is
going to end. And theyve been playing
this fear-based game since the 1970s.
AT LEAST.
And you know what? We fell for it --
AGAIN. Let me tell you why (and this is
something that your economics
professor will NEVER tell you).
Here is the simple truth. There is no the
economy... there is only your economy.
Let me say that again... in caps... just to
make sure you dont miss it.
THERE IS NO THE ECONOMY -- THERE IS ONLY YOUR ECONOMY.
The media however wants you to believe
that were all in this together. Hah! If
thats the case, how do you explain the
fact that there were more millionaires
created during the Great Depression than
in any other era of American history?
Thats right.
More millionaires were created during the
Great Depression than in any other era of
American history.
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Take a look at Sir John Templeton, pioneer investor and philanthropist.
Sir John Templeton started his life poor, but became a billionaire by
pioneering the use of globally diversified mutual funds during, you guessed it,
the Great Depression.
Sam Walton, hailed as the best businessman America (or even
the world) has ever seen, started his own business from scratch
during the Great Depression.
Not only did he manage to help his family through the depression,
he changed the field of management. The legacy he left behind is
none other than Wal-Mart.
Benjamin Graham, an American economist and professional investor, laid
down the intellectual foundation for what would later be the cornerstone of
value investing in 1931.
Benjamins work was so great, that many of his students went on to become
millionaires themselves. Well known disciples of Benjamin Graham include
Jean-Marie Eveillard, Warren Buffett, William J. Ruane, Irving Kahn and Walter
J. Schloss.
Benjamin Graham had such a big impact on the now billionaire Warren Buffett
that Warren was once quoted as saying, Im 15 percent Fisher and 85
percent Benjamin Graham.
All of them, and many others like them, prospered
during the Great Depression.
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THE MAGIC BULLETHow did they do it? What did they have in common? What was their magic bullet?
They did not let the media tell them what to do.
They rejected conventional wisdom.
They understood the simple and powerful truths of money.
They knew the power of having the mindset of an internal
economy mindset.
There is no "The Economy." There is only "My Economy." And if "Your Economy" is suffering right
now it is only because you don't know how to react to "The Economy."
Remember...
T. Harv Eker, Motivational speaker and best-selling author of Secrets of the Millionaire Mind
"There's
thegen
eraleconomy
,
andthe
nweeac
hhaveour
ownper
sonalec
onomy.
The
general
econom
yisdefin
itely
suffering
.MYeco
nomyis
great."
The answer is simple.
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So what is My Economy?My Economy is an internal economy that is simply a
mindset.
It is the mindset that says, I refuse to participate in your recessionand instead chooses to see the economic slump as a great
opportunity.
Ivebeenwaiting forthis dayfor10years
--Warren Bufett, Worlds #1billionaire (Forbes, 2008), investor
businessman & philanthropist inresponse to the economic recession
It is the mindset of rising above the situation instead of allowing the
situation to drag you down.
When everything seems to begoing against you, remember thatthe airplane takes off against thewind, not with it.
Henry Ford, Founder of Ford MotorCompany
It is the mindset that knows what you focus on expands.
But it is more than just the a mindset. It is also about knowing what to do. Its
process has proven time and time again to work -- even during times of crisis.
It is about the taking the RIGHT action.
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The next 2 years will
determine your financial
futureWhen faced w i th the Grea t
Depression of the 1930s, people like
Sir John Templeton, Sam Walton and
Benjamin Graham knew one thing.
They knew that the years they faced
right there and then would be the very
years that determined the rest of their
financial lives.
It was make or break.
And right now, youre facing the same
situation. Right now, the next 2 years
will make or break your financial
future.
I dont mean to scare you, but things
are going to get A LOT worse than
they already are. Huge fortunes will be
made and lost in the coming two
years, but remember - one man's
garbage is another man's gold.
There are HUGE opportunities right
now that did not exist before. Hugewealth will be created, just as it was in
the 1930s.
If you were to look at the Great
Depression in its first few years, it sure
did look like there was not much
hope.
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However, when you zoom out and look at the bigger picture, its as clear as day
that the Great Depression was in actuality fertile ground for new opportunities.
Soon enough, these opportunities blossomed, and the economy continued to
grow immensely for decades after.
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Right now, weve experienced a drop.
A drop similar to the one in 1929
when the nations gross domestic
product halved almost overnight.
But history will repeat itself. RIGHT
NOW, we have fertile ground to boostyour wealth and stake your place in
the new economy that will be rising.
Like I said earlier, it is a science that has
been proven by many over and over to
make money even during times of
depression.
Im going to reveal to you the two most
powerful secrets to control your internal
economy and become rich.
Believe me, countless people are going to enjoy phenomenal wealth,
the likes of which the world has never seen.
There are only 2
things you need for
the next 2 years to
achieve a lifetime
of financial success
Are you ready?
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1. Specific Knowledge
The first secret is...
The second secret is...
2. Timely Action
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The people who thrived during the
Great Depression had Specific
Knowledge that they applied with
Timely Action.
If the millionaires of the Great
Depression were here today, they
would see this opportunity and jumpright on it! But dont just take my word
for it...
A July 2008 Forbes article reported
that if Sir John Templeton was alive
today, he would, amidst all the doom
and gloom, have made his move
right now. The Forbes article goes on
to say:
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Now that you know them, youre well on your way to ignore the so called recession of The Economy
and thrive in Your Economy.
Remember,theres only 2 secrets.
Towards Your Economy,
Please feel free to leave me your thoughts and share how
you feel about Your Economy at my blog. Id love to hearfrom you.
Youll also find at my blog a video I made about what I call
the Chicken Little Economy. Its my littleanecdote that will not just put a smile on your face, but will
be a heartwarming reminder to help you stay in control
of Your Economywhen it matters the most.
Enjoy!
http://blog.quanlife.com/2009/03/02/the-economy-and-chicken-little/http://blog.quanlife.com/2009/03/02/the-economy-and-chicken-little/http://blog.quanlife.com/2009/03/02/the-economy-and-chicken-little/http://blog.quanlife.com/2009/03/02/the-economy-and-chicken-little/http://blog.quanlife.com/2009/03/02/the-economy-and-chicken-little/http://blog.quanlife.com/2009/03/02/the-economy-and-chicken-little/http://blog.quanlife.com/2009/03/02/the-economy-and-chicken-little/http://blog.quanlife.com/2009/03/02/the-economy-and-chicken-little/