Forecast for Freeport
Again I attended a Flint Stone Inc's event last evening ... a mixer ... where the guest speaker was Wenrick Clarke, Bank of The Bahamas Branch Manager.
Noting the present state of Freeport he said he feels that we would take another two years to get out of the doldrums.
Interesting analysis.
But what he said that was even more interesting was that fact that people do become rich during depressions.
This is so true.
Googling this here is a list of ten:
1. Baseball star Babe Ruth, who made $80,000 a year in Depression era dollars
2. Robber John Dillinger, who raked in more than $3 million in todays dollars
3. Supermarket pioneer Michael J. Cullen, who left Kroger in 1930 to start King Cullen Grocery
4. Film star James Cagney, one of the top money makers in Hollywood in the mid 1930s
5. Charles Darrow, creator of the Monopoly game who became the world's first millionaire game-designer.
6. Oil man J. Paul Getty, who snatched up depressed oil stocks with his inheritance and created a new petroleum empire.
7. King of Swing Glenn Miller, the one man Black Eyed Peas of his day.
8. Howard Hughes, the aviator, Hollywood maven and all around nut job, was better at spending than earning.
9. Singing Cowboy Gene Autry.
10. Joe Kennedy Sr., the patriarch of the Kennedy's made his money ... well it's not clear exactly, though it involved stock speculation, real estate, liquor and movies.
Well take out #2 for Freeport/Grand Bahama and think of things that you can do that can earn you some much needed funds.
According to Joshua Boswell, "Recessions, depressions, and bear markets are a natural part of human existence. They have been happening since the dawn of man and I don’t think they are going away. But," he said, "that does not mean you have to lose your shirt or face major financial disaster because of them. Yes — most people do lose money when these tough times hit … but not everyone does. In fact, some people become wildly wealthy."
He went on to give ways the people have gotten rich and stayed safe during depressions, recessions and bear markets
Noting the present state of Freeport he said he feels that we would take another two years to get out of the doldrums.
Interesting analysis.
But what he said that was even more interesting was that fact that people do become rich during depressions.
This is so true.
Googling this here is a list of ten:
1. Baseball star Babe Ruth, who made $80,000 a year in Depression era dollars
2. Robber John Dillinger, who raked in more than $3 million in todays dollars
3. Supermarket pioneer Michael J. Cullen, who left Kroger in 1930 to start King Cullen Grocery
4. Film star James Cagney, one of the top money makers in Hollywood in the mid 1930s
5. Charles Darrow, creator of the Monopoly game who became the world's first millionaire game-designer.
6. Oil man J. Paul Getty, who snatched up depressed oil stocks with his inheritance and created a new petroleum empire.
7. King of Swing Glenn Miller, the one man Black Eyed Peas of his day.
8. Howard Hughes, the aviator, Hollywood maven and all around nut job, was better at spending than earning.
9. Singing Cowboy Gene Autry.
10. Joe Kennedy Sr., the patriarch of the Kennedy's made his money ... well it's not clear exactly, though it involved stock speculation, real estate, liquor and movies.
Well take out #2 for Freeport/Grand Bahama and think of things that you can do that can earn you some much needed funds.
According to Joshua Boswell, "Recessions, depressions, and bear markets are a natural part of human existence. They have been happening since the dawn of man and I don’t think they are going away. But," he said, "that does not mean you have to lose your shirt or face major financial disaster because of them. Yes — most people do lose money when these tough times hit … but not everyone does. In fact, some people become wildly wealthy."
He went on to give ways the people have gotten rich and stayed safe during depressions, recessions and bear markets
For example, here are just a few ways that people have gotten rich and stayed safe during depressions, recessions, and bear markets …
- Real Estate
- Venture Capital Investments
- Stock Market Investing
- Commodities
- Retail
- Information Products
- Consumer Goods
- Collectibles
- Entertainment
- Gold and Silver
- Small Business Ownership
- Consulting
- Freelancing
So what are you doing for you?
I remember about two weeks about talking about the prospects of window washing and just yesterday I found two window washing companies. Both looked rather new.
I thought I was alone in some of my thoughts to bring Grand Bahama back but just yesterday found a number of Facebook pages calling for the same thing.
This makes me happy. I care about competition. Without it I cannot get better!
In our depressed recession there are still people with money and as Mr. Clarke said we need to start working together. This is also a trend I've been hearing. Partnering is good and always need to be legalized in writing.
Yes we have ideas and yes sometimes all we need is the money, but we need to have proper plans etc to make sure we make it.
Check out Flint Stone Inc for assistance or go to the banks for more assistance.
Jobs may not be available but you can still work.
What are you doing for you today?!
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