The late Sam Zell in the early 90’s during the savings and bank crises used to say, “Stay alive till ’95.” Back then, it warned about the challenges that lie ahead for the global economy.
It’s gotten a revival today to “Stay Alive ‘Til 2025.” A number of other experts have also warned that the global economy is facing a number of headwinds, including rising interest rates, inflation, and the ongoing war in Ukraine.. A number of other experts have also warned that the global economy is facing a number of headwinds, including rising interest rates, inflation, and the ongoing war in Ukraine.
These challenges could lead to a recession, which would have a negative impact on businesses and consumers around the world.
So, what can you do to survive until 2025? Here are a few tips:
Get your finances in order. Make sure that you have enough savings to cover your expenses for several months in case of a job loss or other financial setback.
Pay down debt. High debt levels can make it difficult to weather a financial storm.
Invest in yourself. Take steps to improve your skills and knowledge so that you are more marketable in the job market.
Diversify your income streams. Don’t rely on just one source of income. Consider starting a side hustle or investing in rental properties.
In addition to these financial tips, it is also important to take care of your physical and mental health during difficult times. Make sure that you are eating healthy, getting enough sleep, and exercising regularly. It is also important to have a strong support system of friends and family.
By following these tips, you can increase your chances of surviving until 2025 and beyond.
Here are some additional thoughts on Zell’s quote:
Stay informed. Keep an eye on the news and financial markets so that you are aware of the latest developments. This will help you to make informed decisions about your finances and your life.
Be flexible. Things change quickly in the world today. Be prepared to adapt to new challenges and opportunities.
Be positive. A positive attitude can help you to overcome even the most difficult challenges.
Remember, you are not alone. Millions of people around the world are facing the same challenges. By working together, we can overcome them and build a better future for ourselves and our families.
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