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So they say the economy is in shambles. Unemployment is the highest it has been in 16 years, companies are failing daily, and my 401k is down more than 50% year-to-date.
Some people are blaming “the rich” and “bad luck” for their misfortune, while others continue searching for a scapegoat. Well, these people are the people who will struggle in the next few years. They will be laid off or have been laid off, they will let their businesses fail, and more importantly, they will let their life fall apart.
But it doesn’t have to be this way. You don’t have to be a petrified mouse in the corner of a fish tank awaiting a snake’s strike. You can be the snake taking strikes at all of your opportunities. As Baron Rothschild once said, “Buy when blood is in the streets, even if the blood is your own.”
So, your blood is in the streets. It’s your move.
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I get fed up with people who whine and point to other sources for their misfortunes. I’m a big believer that you make your own luck. One mans failure is another mans opportunity. It’s the successful man that makes opportunities out of his OWN failures.
And in reality, it’s not even about making opportunities. It’s about using the opportunities… People can spot and make opportunities all they want, but, if they do nothing about it, nothing will come of it.
Good point.
If you have the capital, now is a good time to seize opportunities. What opportunities have you all seen that you would like to capitalize on?
@HIB there are just too many to list, but for starters… the entire stock market. Companies are dirt cheap right now and I wish I had more money to buy more stocks.
Additionally, 2009 will be the year of the fast small business owners. We need to spot opportunities and seize them immediately.
Great post Derek! You make your own fortune! But, you also have to watch out for the pitfalls and the rabbit holes.
Opportunity is everywhere. Be selective and make a commitment to make it work. Be persistent!
@RickCooper
Making my first million was the hardest thing I ever did. Loosing the first million was easy
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