"Ubah Gaya Hidup" you can take advantage in BAD economy.

Posted on 03 August 2008

We get the message "Ubah Gaya Hidup", everything just hike up when fuel price increased. House is getting more expensive, stocks market is unstable, banks may increase interest rates. Political drama keep going on and economy isn't getting better, our country is in a mess. It seems like we had no idea what's gonna happen next.

Despite all the negativity that kept pouring in, "Ubah Gaya Hidup" living better for less seems impossible to be truth. In other perspective, a tough time could means a good time to make a difference in your life, a positive change.

How to take advantage in a bad economy?
Many of us are trimming their expenses and going out less, many has cancelled their yearly vacations from their to-do-list, you can utilize this time around to go travel with smaller crowds, MATTA Fair is just around the corner, visit and grab the cheapest package as fast as you can.

frugality

Invest, if you have money in your bank account, this would be a buyer paradise to invest in real estate, there may be many houses out for "lelong" and you can get a good location due to many empty lots available. Another opportunity would be starting your business, a great time to serve the market who would like to spend less for more, or perhaps look for a market that has the most number of businesses closing down and start building the root from there by researching the reason and find the solutions to cater for the market needs this time around.

Start a blog and earn money as people would be spending more at home surfing the internet looking for information and ideas to improve their life, aims for something that people would like to read such as money, entertainment, personal development and daily solutions method.

If worst come to worst, you can take this opportunity to explore working abroad where currency is much stronger. If you really have too many expenses you can't cope and in bad shape due bad economy, this could be a good idea to think about.

After all, economy wouldn't be bad all the times, we can make use of the bad times to learn and the good time to save so that we can handle it in future. "Ubah Gaya Hidup" to kicks the bad habits out and cultivate good one.

This post was written by:

Kenneth - who has written 140 posts on Million Ringgit Homepage.

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3 Comments For This Post

  1. foongpc says:

    Well said. There's always a blessing in disguise in regards to bad economic condition. In fact the petrol price hike is rather good - less cars on the road and people start driving more "politely".

  2. QuaChee says:

    Nice points here. Very concise. I think yes, one should look ways to expand income :)

  3. Kenneth says:

    Hi FoongPC,
    Thanks, that's true, less jam and people are reluctant to drive out unless necessary.

    Hi QuaChee,
    Great! Congratulation on your book and hope your book sell like hotcake!

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