Walter Okpala: How can one deal with economic cycle?

Walter Okpala: How can one deal with economic cycle?: A question that always appear is: how can one deal with the problem resulting from economic cycle? In order to answer this question, let us...

How can one deal with economic cycle?

A question that always appear is: how can one deal with the problem resulting from economic cycle? In order to answer this question, let us look at another phrase. Is it possible to prevent the inevitable? How can one deal with the inevitable?

     The only way one can deal with the inevitable is to plan ahead and prepare for the worst. The main problem people face is the addiction provided by capitalism through unending pleasures of life. The pleasure involves the desire to have the best life can provide. As a result, many people do not think about tomorrow even if the information is readily available to them. However you may tell people that the economic boom may not last for a long time, only a few will take it serious. 

     Satisfying immediate needs does not allow many plan for the future. Dealing with bad economic cycle is nothing but preparing for the worst situation. That means saving during the booming period to use during recession. There is no miracle. One can only achieve what he or she desires by making sacrifice. There must be a tradeoff. Think about this!  

Walter Okpala: How are you navigating through the present economi...

Walter Okpala: How are you navigating through the present economi...: There is always a question that many ask. How is one navigating through the difficult economic time? It is important to know something abou...

How are you navigating through the present economic scenario?

There is always a question that many ask. How is one navigating through the difficult economic time? It is important to know something about what economists call the economic cycle. Every now and then, the economic activity of a country or the world oscillates from going down to going up or vice versa. This oscillation is called economic cycle. What it means is that no economy can grow or fall indefinitely. This oscillation is more often now than ever because of the inter-dependence of the world economy. No one country's economy is isolated anymore. So, what affects one country automatically affects the others too. 

     In view of this, people should protect themselves against the economic cycle called economic slowdown or recession. The problem is that many people do not understand this mechanism and therefore, are taken by surprise. So, how are you navigating through the difficult economic times should turn into "to what extent are you prepared for the economic scenario"? Think about that!  

  

Walter Okpala: What is your plan for the 3rd Quarter?

Walter Okpala: What is your plan for the 3rd Quarter?: What is your plan for the 3rd Quarter? How are you executing your plans? What are your priorities?

What is your plan for the 3rd Quarter?

What is your plan for the 3rd Quarter? How are you executing your plans? What are your priorities?