It is no secret that the Economy is still in Recession/ Depression mode, according to the 60% of Americans that took a poll approximately 1 year ago. Devastating events during the past 36 months have clearly shown – a ridiculous credit crunch, bank failures causing rising interest rates, stock market tumbling, thousands with lost jobs,
homeless people sitting on the streets of Downtown Miami, and now a Health care burden. What is going on? While I didn’t exist in the time to witness and experience the Great Depression of the 1920’s, from all of my research and the news casts that I have seen and read about, many say today it feels like deja vu. Although many experts foresaw this struggling economy come again; It wasn’t stopped in time, and here we are again.
On upside, did you know that ironically enough not everyone suffered during the Great Depression? In fact, there were more people that became Millionaires during the Great Depression than in any other time in American history. Possibilities that were not present during the 1920s suddenly became available for many people who seeked opportunity.
An economic downturn according to some of the most wealthy and respected people such as Bill Walsh, Robert Kiyosake, and Donald Trump say that it is a good time to start a business. Start-up costs are much lower in a recession than in booming periods. Savvy Entrepreneurs edge their positions for when the economy improves. In the 1920s and 30s many of the poorly run businesses closed during the Depression and so the equipment could be bought for practically no cost, commercial rents were cheap and wages were low.
It was these special individuals who saw the possibility that their dreams could become a reality. It was at this time that the “You can do it in the Great Depression, Entrepreneurs,” made the best of the crisis to provide a service, or a product, for new markets. In a Great Depression, this is when your most creativity should come into action.
So who were these famous mavericks that made their money during the Depression? Well, who doesn’t know the Great Colonel Sanders from Kentucky? He started serving fried chicken at his gas station. Can you believe that by 1937 due to such high demand, he had expanded to a 142 seat restaurant?
One of my favorite millionaire names that I had no idea on… The two young electrical engineering graduates that started an electrical machine business in a rented garage during the 1930s. The well known Mr. Bill Hewlett and David Packard. They became business partners in 1939 and invested $538.
Other well known companies that were bought at this time were John Deere, Reynolds Metals and Douglas Aircraft.
Another huge opportunity back then was Real Estate of course. During the Great Depression years, demand was as low as it is today. Visionary business people knew that real estate values would go up in the future and when they did they used the equity to leverage their business growth and expansions. The clever folks that were not caught up in the stock market turmoil in the 1920s, and saved their cash, were now in well positions to snatch bargain businesses and many became millionaires as a result.
What I have been learning from my mentors and the successful business people I surround myself with is: When the economy starts to fail in your country, pay close attention to what the people are trending.
Imagine all of the Social Media that we have revolving us… Myspace, Linked, YouTube, Facebook, Skype,Twitter, Texting, Blogs, and I can go on and on. Did you know that Facebook was launched February 4th. 2004, and in 6 years, Facebook has become the #1 Social Media site, with over 400,000,000 active membership users, bringing in a revenue of $300,000,000 ? 
In a suffering economy like ours, wouldn’t you like to have a piece of that revenue? Technology is expanding in a way so rapidly that now there are ways to use social media to make money. In the book, “Why We Want You to Be Rich,” Donald Trump speaking of Kiyosake states, ”I remember Robert’s frustration at seeing so many things that were clear to him and not at all clear to other people. He said that the worse part was that people seemed to not want to hear about it! They prefer to remain ignorant, or at least unaware, rather than informed. We wondered, was it too much for people to handle?”
I want to help people but sometimes I feel the same way as Mr. Kiyosake. I hear people complain about not having money, and saying they need a part time job, yet, when told about an opportunity, they don’t get it. Ironically, it is usually the same people that are on the Social Medias all day, playing games, and they can be making a Killing off the Internet instead; if they only looked outside the box to see the big picture and opportunity. Smart, savvy, friendly, lovable people that have a world of network, but choose to turn the other cheek. Sometimes from fear of the, “What if” notion, or fear of a scam. I can relate that feeling, but I took a leap of faith and made changes in my life too. I started to train my mind to be positive and think at a higher standard. All people have the potential to make Residual income right in the power of their finger tips… To work together and have fun making money. Great Depression? Recession? As Mr. Gary King would say, “Are you a part of the problem or the solution?” Don’t fear… Life is all what you make of it!
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Author: Jeannie Gallor Sans aka ToolbarQueen
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