Emerging from the Economic Turmoil

[armenh]

I have been following this economic situation for as much as I can for about 2 years. I have consistently told my peers, relatives and friends that once we get out of this bubble we will see our next generation of young millionaires emerge. Whether it takes 5 years or 1 year. Once our American economy rebounds all the corporations or small businesses which have been able to survive will emerge as the forerunners of their industry. I am just not sure what kind of industry will emerge victorious. I guess we have to wait and see. But I am convinced that this generation of Young Entrepreneurs currently aged anywhere from 16 to 35 will become very successful if they play their pieces correctly. Thats why the pressure is on, and I am up to it. Are you?
Suggestions ideas everything is appreciated, this is just my opinion. I want to hear yours!!!

[bananaman]

I agree with you. An entrepreneur should be able to make money in any economic climate. So this financial "crisis" is really an opportunity to make money! Let's go!

[Lambo]

yes indeed......in terms of stocks i plan on buying low and selling high...in terms of real estate i plan on buying low and selling high.......everything is on sale right now.....contrarian strategies is what made buffet a multi billionaire.....

[chrispalko]

@Lambo
There is more to stocks (and real estate for that matter) than buying low and selling high. Even a quick google search led me to Resource Investor - Buy Low And Sell High Is A Destructive Myth

regardless, you have ambitions so stick with it.

@armen
There will be successful companies no matter what the economic situation. Yes, stocks and real estate are "quicker" methods of building wealth, however there is definitely opportunity in business. Now is the time to build your business so you have money to invest into both the stock market and real estate.

Those failing in this economy may not necessarily do well in a good economy. Those striving in this economy will do great in a better economy.

[armenh]

Those failing in this economy may not necessarily do well in a good economy. Those striving in this economy will do great in a better economy.

Nicely put.