MAKE HAY WHILE THE SUN SHINES!
In my opinion, this statement pertains to us today, perhaps more so then ever before. The economy is humming along; many store windows have help wanted signs. Construction is booming, and there are not enough people to fill the available jobs. Large employers are moving to the Valley and nationwide there is a resurgent of manufacturing and new technology jobs. It doesn’t appear that there is any stopping the economy from now on. make hay
Perhaps you can take it easy and just do enough to keep your business alive and to make a little profit.
While many of us have a few extra cents in our pockets we look mostly for the positive indicators and overlook the darker part of our society. Today I heard that there were over 72,000 overdose deaths in 2017. Statistics of murders, robberies, and violence against police are increasing. Increasing unrest in our country as in the rest of the world will have to be addressed.
I believe that there is a strong faction that doesn’t want to see capitalism survive. Unfortunately this group appears to be well funded and is showing signs of growth in our schools and local government.
I am not a pessimist or doomsday predictor, but I do believe that while we work to overcome these negative factors in our society, and we will, there may very well be some upheaval in our economy and way of life.
Let’s go back to “making hay.” This is the best time in recent years that a small business owner has a good chance to grow and make a decent profit. My recommendation is to take advantage of this profit- making window and not only make money, but also save money for a possible rainy day.
Save as much as you possibly can. I will not advise you in this blog where the best place is to store your savings; that’s something you will have to research for yourself. If I am wrong, you will enjoy a great retirement. If I am right you will be well prepared to ride out the storm.
Put a little money away for the rainy days.
Tips & Advice by Nick Petra – CFP, Mentor, and Founder of StrategicDuck and BizQuack
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