Tough Times never Last.
Last Update: Jul 4, 2022
Inflation is at a 40-year high! Gas prices have hit the rooftop. They are tethering between $6 and $8 per liter. A rise in the cost of gas affects every other thing because of the importance of transportation in moving merchandise from one place to the other. The costs are merely passed over to the consumers in increased prices
Groceries are getting out of reach of folks by the day. It’s estimated that what used to cost $100 now costs $427! That's a whooping 400% quantum jump in prices. The Feds have raised interest rates for the second time in two months. All indices point to the fact that we are heading towards a recession
Come to think of it, even our babies are not spared of the tough times. There has been acute scarcity of baby food. The production factory in Michigan got hit by flooding and temporarily stopped production. Before then, baby food had to be flown in from Germany in military aircraft.
Investors should get Bullish
The stock market is experiencing a bear market right now. For the crypto investor, the leading crypto currency Bitcoin has taken a steep nose dive closely followed by Ethereum It is interesting to notice a decline in both the Centralized and Decentralized finances.
I'd thought the idea behind Decentralized finance was to free it from the drawbacks of Centralized finance. Apparently, it has not been able to do so. If so, why are both currencies experiencing a down time at the same time? It’s interesting to find out what the cryptic founder of DeFi, Satoshi Nakamoto has to say. How long will DeFi be tied to the apron strings of Centralized finance?
This is not the time for an investor in stocks or crypto to hold back. As the prices plunge, that's the time to take advantage of the falling prices and acquire more cryptos/shares in preparation for a better tomorrow.
The Role of Encourager
The affiliate marketer should start thinking of ways to encourage their clients through creative contents that emphasize hope in a brighter and better tomorrow. No matter the niche, an affiliate marketer could come up with some encouragement. We should avoid behaving like the ostrich and pretend everything is OK and life is as usual. Let your clients know you feel for them, you are in the same straits they are in and you can feel their pain. They will be more receptive to what you have to say if they know you share their pain.
What are we supposed to do in times like this?
We are expected to show resilience by refusing to be paralyzed by all the negativity swirling around us. Instead, we should turn our gaze on possibilities even in the tough times we have now found ourselves. If plan A is no longer working, it is time to shift to plan B
We are to exercise hope for a better tomorrow. We have seen this movie play before when we had the Internet collapse, the housing meltdown that plunged this country into a recession. Even from that depth we were able to claw our way back up. We have always bounced back from the brink of complete collapse and this will not be different.
Hope for a better tomorrow is the fuel that goads us to take steps that will help us stage a comeback. American author and business entrepreneur, Seth Godin has this to say of hope: “Without hope, people wither and perish.” We are not about to wither, we are not about to perish. Because we have weathered such dips in our economy in the not too distant past, we are confident that this too will pass