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Are You Ready to Deal With the U.S. Economic Crisis?

This will be the most personal post I’ve ever written on this blog so far.

As you may know from my about page, I am a full-time software engineer working in a startup company. To my surprise, some of my close colleagues were laid off today. I shouldn’t have been that surprised given the current economic conditions, but it is still shocking to see some of my close friends leave without being able to shake their hands.

I am deeply sorry to see my colleagues laid off (we’ve had some great times), but I am not worried for them. They are among the best at what they do and I am confident that they would be able to find a new job in no time.

As for me, I am thankful that I wasn’t one of the ones chosen, but I can’t be relieved yet.

What did I learn from this?

  1. I alone cannot make major impacts to the economy, so there is no use stressing over my job security. I am better off if I stop worrying/complaining and put my brain and two hands to good use.
  2. Knowing a little about a lot of things is a lot better than knowing a lot about a few things. It keeps you versatile so you are ready for whatever life throws at you.
  3. Passive income is the best kind of income.  Building stable residual income a few cents at a time adds up quicker than you think.  This can help offset any financial crisis.

Because of this, I will be focusing on web entrepreneurship even more than before.  This site will have a regular posting schedule.  My WordPress plugins will receive more updates and enhancements.  I am also planning on launching a few niche sites.

I truly hope that none of you are affected by this U.S. economic crisis, but if you are, please stay positive, persistent, and disciplined.  With every crisis comes an opportunity.  With every down there is an up.  Learn to utilize this crisis to your advantage.  In the end, I hope you will be there with me during the upward swing to reap the rewards.

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