Is the economy really in the throes of a crashing crisis, capable of bringing the world to a stand-still? It’s all people can talk about these days, and I have to admit, I’m pretty scared too. I’m trying to save some money also, notwithstanding my problem with shopping. I’d be lying if I said my country wasn’t affected: it’s painful that my job is affected as well: no salary increments or bonuses for this year. The best thing we can do is to be thrifty, conserve our monies, and be smart. We need to have a fall back.
In times like these, I wish I were an investor, or that I had started investing in some commercial real estate a few years ago, when prices were still comparatively lower. I have an uncle who is retired, and has been, for the past 8 years. He is, certainly, quite wealthy to begin with- but since he retired and had no regular income from a job, he has been receiving rental income from the factories and commercial properties he owns. These fetch a whopping $200,000 every month. Sadly, I couldn’t even earn this amount of money in a year. He’s been very smart, snapping up commercial properties in times when no one believed in their viability, when people preferred to preserve their cash in hand. Look who’s laughing all the way to the bank now- even in today’s economic climate!