Ladies and Gentlemen, Hang On For a Bumpy Ride!
The definition of opportunity, according to Webster’s Dictionary is a combination of favorable circumstances or situations. We have had the luxury of receiving these favorable circumstances or situations in the past automatically without any or very little effort. That ride is ending very quickly and the ride we are about to experience is going to be very bumpy. We all are going to find ourselves in a position where we will need to be Making Opportunity Reality for ourselves.
As I write this article on June 6, 2008, oil has had its largest one day increase on record. From before the market opened today until even after the market closed, the price of oil increased about $11 U.S. Dollars per barrel! To add to the ever growing economic ces-pool we have allowed to be created, public reports today indicated that we have the highest one-month unemployment rate increase since the mid 80’s. If this hasn’t got your attention yet, according to www.kitco.com website and its reporting, the U.S. Dollar lost .69 in value today as well. To put this into perspective for all of us; our expenses are growing extensively everyday while our U.S. Dollar is losing its value and our citizens are potentially going to be losing their jobs at a faster rate than we’ve seen in the past 20 years!
What should be concerning all of us is something many are not realizing. If the price of Crude Oil is increasing this dramatically on its own and having a ripple affect all the way to our Grocery Stores, what is going to happen if we have just one hurricane hit the U.S. Coast!?! The hurricane season is almost upon us.
For as long as many of us can remember, for the most part, opportunity has been created for us in almost every area of the economic genre. The scenario we all need to begin preparing for is how we all are going to start Making Opportunity Reality for ourselves beginning now. With the country experiencing symptoms of a very serious Recession, the U.S. Dollar losing value which is scaring many over-seas investors, higher prices at the pump and our grocery stores and finally the chance we might be seeing a significant increase in unemployment nation-wide; what Opportunities can we create?
Making Opportunity Reality in this situation, in my opinion, will begin with your basic financials. Reduce as much debt as possible. Begin improving your credit score if needed. Consult a financial advisor (who does not preach propaganda and truly understands what we are potentially facing in the near future). Take the time to learn the basics of credit, debt and finances. If the Country as a whole starts to learn the basics of credit, debt and finances; We The People will all be on the right track of Making Opportunity Reality….. for ourselves.