Posted by : Emog in (Finance and Stocks, Nigerian Economy, World Economy)
Staying Up in Down Times
Tagged Under : Economy, finance

Without a doubt, the economic situation in the World and in
Nigeria which started last year will certainly continue. We can
not overlook the fact that there is an economic down turn. The
major economies of the world are fighting hard to make sure
that their economies are up and running. All the avenues where
people invested their money and put their hopes in have all gone
down.
In Nigeria for example, it was the stock market. A lot of people
put their money in the stock market. The clear direction for last
year in the market was the same as in most parts of the world,
down. Individuals and banks lost a lot of money anticipating that
things were going to remain the same. Those who put their trust
in the market saw their hopes dashed.
Then the focus shifted to oil. Last year, the price of a barrel of
oil hit an all time high of about $147 per barrel. As at last week,
a barrel of oil sold at $47 per barrel. The result was similar to
the recent trend, losses were made by individuals and banks as
well as major corporations. This has left us with little options on
what to invest in? where to invest? and when to invest?
Jobs are also affected. A number of companies, in a bid to adjust
to the current realities have to reduce their workforce. As a result,
jobs are being lost in the process. There is a chain reaction that
affects every aspect of the economy. At this point certain changes
have to be made. Spending habits have to be checked, saving
culture revived and informed investment decisions have to be made.
The need for financial intelligence is imperative at this time. One has
to recognize the importance of having and keeping accurate financial
records. A budget is of utmost importance, and strict adherence to
this budget is required. At times like this, honesty will certainly be the
best policy. One cannot afford to make financial mistakes at this time
hence the need to be informed and prepared to face the challenges
ahead.
In biblical times, when there was great famine in the land, Egypt had
the best times and their economy flourished. Joseph interpreted the
king’s dream which shows that we cannot depend on our capabilities
alone but we must rely on revelation from the Almighty who knows
the end from the beginning. This is indeed our best year yet. In light
of current realities, an opportunity to gain financial intelligence exist
in form of a training that is fun-filled and eye opening.
Billionaires In Training (BIT) is a course that is designed to awaken
the financial genius in you. It trains one to gain the steps to financial
independence. It will help you build ideas, direction, skill and knowledge,
allowing one to embrace real life financial scenarios with confidence. This
training is structured in a learning environment that is fun ,creative and
innovative For any one interested in participating in this event you can
send an email to emoreogho@gmail.com with your name, phone number
and email address. It is scheduled to hold on the 31st of January 2009.
The change we seek must start from within us.

Hello Ogho,
I can’t agree with you enough, financial intelligence is imperative at this times of global economic crisis and BIT has the package to deliver this wisdom.
Since the first time i attended Billionaires in Training (BIT) in Lagos, my financial planning has never remain the same, i was able to discover important direction to follow, i have developed financial strategies to become wealthy, i have learnt how to seek and analyse opportunities, i can tell what is bad debt and good debt, much more right now i’m equiped to extend the wisdom to others.
I will advice anyone who is serious about staying on top in this downturn times to attend the next BIT, you will be glad you did, cheers.
Great one Ogho!
Getting a sound financial intelligence will be the best bet in this times. And getting a sustainable trustworthy source of regular income vital as well.
Keep up the good work!
Tru Talk…
Thank you so much for blessing me with this wisdom, God continue to increase you.Amen
no be lie!