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September 18, 2008
ZIMUZO NWUBA
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ZENITH BANK PLC
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September 18, 2008
Find Financial Freedom
With the recent bullish trend of the Nigerian stock market, job volatility, and commodity prices are at all-time highs, the dour news is relentless and the concerns are very real. It’s clear our economy and our world are going through a transition.
When it comes down to it, though, we can either duck for cover and hope for the best, or we can face these challenges head on, giving ourselves a chance to not only survive these hard times, but turn what seems like a futile situation into opportunities for growth and success.
In order to thrive—not just survive—in this environment you need to take action, the right sort of action. How do we protect ourselves or even flourish in this economy?
Zim Nwuba addresses this important question with How to Thrive, Not Just Survive In Tough Economic Times:
1. Recognize the season
A lot of people do the right thing at the wrong time. They invest in real estate or the stock market just as it’s topping out. If you plant in the dry season instead of the raining, you’re not going to reap in the harvest season. Know what season you’re in.
No doubt, we have been living in an economic harmattan.
At such testing times, you must pay extra attention to your resources. Is this a good time to take on more debt? Would it be more prudent to cut down on expenses while having something set aside for future growth? Especially business investments
In the scarcity of a dry season, we naturally recognize what we need most, and then prepare for what the rains will bloom.
Every season has challenges, but every season also has opportunities. By recognizing the season, you’ll be able to take advantage while other people are fearful.
2. Take advantage of maximum pessimism
The late Sir John Templeton, one of the most successful investors ever, took the concept of “buy low, sell high” to a new level with the concept of “maximum pessimism.”
He began his investing career during the American economic turmoil of the 1930s, focusing his investments on nations, industries and companies hitting rock bottom, or “points of maximum pessimism,” as he put it. “Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell,” he once stated.
Look for opportunities that no one else is thinking about due to fear and pessimism. Educating yourself is the key. Model what works, not what everyone else is doing now.
3. Master your emotions
The media tends to focus on the worst aspects of our economic troubles, feeding a climate of fear. In turn, people may not even look for opportunities to make gains. They’re afraid to pull the trigger, take a risk, or they’re afraid to do anything at all.
There are two choices in life when it comes to facing uncertainty: fear or faith. They’re fundamentally the same thing—a product of our imagination. No one knows what the future holds, but the difference between fear and faith is that fear is imagination undirected. It grows like destructive wildfire, devastating our emotions and oppressing our sense of wellbeing. Faith is imagination directed. We have the choice to create a vision and move toward it confidently. To do this, you must lose the fear of an undesired outcome.
Mastering your fear doesn’t mean that it never shows up. It just means that you take control of it rather than it takes control of you. So when everyone else is running, you’ll be ready to see the possible advantages to what others only see as a bleak situation. An example is the amazing opportunity in building any industry in Nigeria today.
4. Look Beyond Yourself.
When you’re fearful, you’re focused on yourself and your expectations. We all have expectations of how life should be, how our finances should be, or about where we should be at this stage of our life or career.
The people who succeed, though, have something or someone beyond themselves they want to serve: a family member, a friend, society at large or God Almighty. They’re not primarily focused on what they can get, but on what they can give. Interestingly, when they give, it comes back to them tenfold in fulfillment.
We live in the society that, for the last 30 years or so, has had a consistent downside. There have been downtimes, recessions, and challenges. It is a function of the cyclical nature of all living things—including societies and markets—that there eventually comes a sustained downturn.
But remember—seasons don’t last forever. Day always follows night, spring always follows winter, and most of us underestimate how strong we really are. Take challenges head on. Don’t kid yourself with “thinking positive.” We all need to face the facts of these challenging times, but we also have a choice to empower ourselves in the face of whatever obstacles come our way.
We can help in that process by providing education, cutting edge tools, and emotional momentum to take action in spite of fear and uncertainty.
You should consider ordering our financial freedom programme (if you have not already)
THE FINANCIAL FREEDOM PROGRAMME
How to thrive in tough times and turn that flop into money
How to get the Job of your dreams
The Ultimate secret in stock and Forex trading
Amazing opportunities most overlooked and why
How to raise the money you need
Free Internet Browsing Solutions
Free Gsm calls and sms solutions
All these go for only N950 if you order in the next 48 hours
Our weekly job alert service begins on the 1st of October 2008
The formal launch of our business, Career and emotional solutions forum will hold on the 24th of September 2008 @ the Lincoln hotel Oko, Anambra State.
CONTACT
Zim Onyeka Jude
08024091071, 08032983073, 07030301680
mydexthrust@gmail.com, zimuwuba@yahoo.com
www.mydexinvestments.wordpress.com

