How to Work Online from Home

How to work Online from Home

How to Work online from home comes down to choice and motivation. The choice is yours, the motivation and the ‘how‘ I will give you with this post.

I have written before about the Government being the biggest problem for the people of the world when it comes to wealth creation”.

That they are not the benefactors they pretend to be.

They are actually detrimental to your economic well-being and it’s time for you to take personal responsibility and create your own online business to save yourself from their mismanagement. 

“If the most ‘Controlling Government‘ in the world can’t save its economy from ruin. What hope does your Government have?

Let me explain…

Using China as an example. The Chinese stock markets lost more than 3 trillion dollars in less than a month, following a strong bull market, that had risen 152% over a twelve month period up until June 2015, before China’s two biggest stock markets plummeted. 

How to Work Online from Home

Bubbles always burst much faster than they grow and after expanding for over a year, Chinese stocks crashed 35% in three weeks meaning that Chinese companies lost $3.2 trillion worth of value in less than a month.

A stunning loss of wealth and to put this in perspective that’s double the size of the entire stock market of Australia. Yet even though the drop is huge the Shanghai Index is still up 71% from a year ago, so it still has further to fall.

Why do these things happen? (More about that soon...)

Not the First Time

What you may not remember was that China led the global collapse in 2008 when the stock market ‘bubble’ at that time saw a massive rise in just two short years before suddenly dropping 72%. So recent events are not the first time the Chinese stock market has imploded.

In Response 

In response to the meltdown in 2008 the government (in line with Keynesian economics) pumped Trillions into their economy, building thousands of apartment blocks, commercial buildings and developing infrastructure, massively ‘overbuilding’ basically everything. 

Resulting in having real estate and industrial capacity 12 to 15 years ahead of demand.They did this to stimulate their economy and to provide jobs for half a billion people who had moved from rural areas to urban cities looking for work. 

Increased GDP

This government funded real estate construction program, artificially boosted the economy and drove up the country’s GDP – making the communist economy look successful as they weathered the global economic meltdown, becoming the envy of the western world. Despite creating a huge hidden real estate bubble.

This unprecedented overhaul of their economy had actually been going on for decades, but really only got traction from 2009 and after five years the Real Estate market began to slow as the number of unsold properties mounted in the face of continued overbuilding and weakening demand.

Economic growth began slowing, home prices were deflating and local governments are facing a potential debt crisis from all this massive building being undertaken with borrowed funds.  

More Government intervention

How to Work Online from HomeThe Chinese Government responded to this reduction in demand for government-funded construction projects and the economic slowdown from falling exports by pumping liquidity into the stock market and by actively encouraged its citizens to buy stocks.

The People’s Bank of China even slashed the banks’ required reserve ratio in an attempt to spur lending specifically for stock investing.

So began another massive bubble in the Chinese economy, as money moved into stocks as the once favored vehicle for speculation, real estate, was falling from favor. 

Stock Prices

Increasing stock prices were being driven by cheap money borrowed by inexperienced retail investors who after years of speculation in real estate, switched to stocks at a time when the Chinese economy and exports were slowing. (for more on this see my post here)

All this was because the Government has staked much of China’s future on increased domestic consumer spending. Politically they needed to be seen to be in control of the economy and they needed the ‘markets’ to go higher so that the people would be able to buy more stuff and continue to drive the economy and also to make them ‘look good’ in the eyes of the world.

“Of course this action causes artificial ‘bubbles’ in the economy  – (as all governments do), when they meddle in the economy”. 

Today we are seeing the results of that Government intervention. The markets have not created these problems by themselves, they are as always, Government created, irrespective of what type of Government is running the country. 

Even More Intervention

China is worried about the stock market crashing and causing instability, so the Chinese regulators are trying every trick in the book to stop the crash. They are doing things that only a Government like China can do.

  • They have banned short selling (betting that a stock will fall).
  • They have suspended all upcoming initial public offerings.
  • And they have even halted trading on 51% of Mainland Chinese stocks.

This resulted in investors who own $US2.2 trillion worth of Chinese stocks not being allowed to sell them. The market slowed, even rose a little, but still continued to slide, so the Chinese government took even more, desperate measures:

  • They started buying up blue chip stocks to prop up the market…
  • They banned pension funds from selling stocks…
  • Threatening to jail investors for shorting stocks…
  • They Halted 1350 out of 2900 major firms from trading their stocks 
  • And stopping trades on another 750 that fell 10% or more…

See more here in this informative video

But China is not alone

I am not picking on China here, rather using it as an example of what governments do. Most Governments are involved with interfering in their economies. Look at the recent problems with Greece defaulting on loans and the many other countries in financial trouble. These are not overnight problems but are a result of a systemic governmental heavy handiness in the affairs of it citizens.

China just happens to be able to do what many western governments would like to do, have total control, without any input from its people.

Things will happen Quickly

China can do things quickly because they don’t have to ‘sell’ the idea to anyone. So expect quick actions from the Chinese Government when the hidden truth about its economy begins to reveal itself as the Chinese Government attempts to ‘manage‘ the inevitable meltdown.

This will include doing things like;

  • Devaluation of its currency
  • Reducing interest rates
  • Selling of Foreign (US) bonds
  • Reducing Foreign reserves
  • Increased Foreign investment incentives, etc

Most Chinese citizens have no idea what its government does, nor realizes what is about to happen, because its government carefully ‘controls’ the flow of information within China.

Will this effect us?

Unfortunately, whatever China does, will impact us in some way because we are vulnerable to any significant decline in the Chinese economy because China does business with most western countries and whatever is bad for China is also going to be bad for us.

How to Work Online from Home

Edward Snowden

However things are not much different in the U.S, here they also ‘monitor‘ the flow of information and misinform its citizens as to the true cause of the current economic mess. 

Most western Governments need laws to be able to act in the way they do. Or if they get caught they simply pass laws retrospectively to allow them to do what they were not allowed to do.

Essentially, however, all governments behave in the same way, to varying degrees and that is not acting in the best interest of its citizens.

The Free Market

The free-market system in all of its innovation and wealth creation has unfortunately been hijacked by destructive government tamperings in almost every society in the world.

We now increasingly see mafia type‘ behavior from our own Government and its favoring of powerful lobby groups at the expense of ordinary citizens whilst pretending to be looking after the best interest of its citizens. 

“It’s time to wake up and realize that their interference must stop. Time to take back control of your own economic security”.

Why is there a Real Estate Bubble in China?

What is remarkable about the Chinese people, is that they save over half their income and then invest it real estate, even though they don’t own the actual land  (since 1949 it’s been leased for 70 years from the government) So home ‘ownership‘ is high (at 90%) compared to the U.S where it is just 64%.

Most Chinese households have a major proportion of their assets in real estate vs. 27.9% in the U.S. So as the incomes in China have increased so has their investments in real estate. In Shanghai, for example, real estate values have gone up 560% since 2000, making real estate in China very expensive, despite the massive over-building.

How to Work Online from HomeThe Rich

The country’s more informed, affluent and ‘connected’ have been leaving their country in droves by moving ‘temporarily’ to major English-speaking cities, in part to get their kids a better education and partly to get their money out of the country.

They are buying the expensive real estate and as a result, have become the leading buyers in cities like Sydney, Singapore, L.A., San Francisco, New York, Vancouver, and London.  

In 2014, they accounted for around $22 billion or some 24% of the total real estate purchases in the U.S.

What does a crash mean for China and how will it impact you?

When the stock market crashes in China it will also lead to a Real Estate crash that will cause an unimaginable destruction of wealth for the Chinese and that loss of wealth is going to send shockwaves throughout the global economy, particularly the real estate market, worldwide. 

You don’t have to be Einstein to understand what happens when ‘foreign buyers‘ with the kind of buying power the Chinese have had, comes to a halt. It will cause a global real estate meltdown and it will also impact the global economy in many other ways.

Why Millions May have to Sell Their Gold 

How to Work Online from HomeHistorically, gold has held for financial protection during uncertain times. Gold has held its value for thousands of years through wars, depressions, and financial crises. When the stock markets crash or paper money fails, gold has been a reliable store of wealth.

Unlike most Americans or Europeans, Chinese people see gold as an important form of wealth protection.

Gold Buyers

Chinese people are the biggest buyers of gold in the world and if the Chinese stocks go into freefall then many won’t have the cash to pay for margin calls, repay loans or in fact the cash to buy anything, especially gold.

If the world’s biggest gold buyers suffer a major liquidity crunch. That means that many who have gold will be trying to sell because it’s the one thing they can get cash for. When a large number of buyers are forced to become sellers… well, it’s going to have a negative impact on the global price of Gold.

That’s Not all

There are many other ways that a stock market / real estate crash in China, is going to impact the world. As just one example; China is also the world’s largest consumer of iron ore and is both the world’s largest producer and importer. Global Iron ore prices depend on China and when China’s economy starts slowing down, it’s going to impact countries like Australia.

  • Iron ore is Australia’s biggest export and accounted for 25% of the total value of Australia’s exports in 2014.
  • 77% percent of Australia’s iron ore exports went to Australia’s largest single trading partner which is China.

In fact, the majority of Australia’s economy depends on commodities as it exports, coal, natural gas, gold, and crude oil. One-third of these exports goes to China.

China’s economic boom was great for the Australian economy, but if China slows down then Australia is going to struggle.

“So stop waiting for your Government to SAVE you. They got you into this mess. All Governments are the same (whether they be Communist or Not) they no longer serve you. It’s time to look out for your own economic security”

So what can you do?

You don’t need to take to the streets or protest or cause trouble. You can just quietly go about getting an education to create you own economic security.

If you know nothing about internet marketing then, fortunately, there is an excellent place to get such an education and learn how to make your own money without relying on the government.

A place where you can do it at your own pace and from your own place. You not only get the education that you need to be a successful, long-term, online marketer and create your own future security without waiting for a Government handout, pension or bailout.How to Work Online from Home

You also receive advanced knowledge about website construction traffic generation, SEO ranking, keyword research, content creation and lots of support and help and answers to all your questions from within the membership community.

With the internet dominating the business world, becoming an online business owner is a very wise decision and currently, there are thousands who are taking the plunge and joining the community of affiliate marketers. 

How to Work Online from Home

Wealthy Affiliate is a straight, honest and down-to-earth program. Created by online marketers for those wanting to become online marketers and it won’t cost you a fortune or have you continuously buying ‘upgrades’ and ‘extras’ – like so many other programs. 

Best of all you can begin for free and stay a free member for as long as you like and if you elect to upgrade to a premium membership you know upfront exactly how much you will pay and the additional value you receive in exchange is worth way more than the cost.

Another Option

If you already know something about internet marketing you will know that trying to make money can be difficult. Most people get frustrated and give up and fail because they never finish putting all the pieces together.

However, there is a proven blueprint that cuts out all the struggle and one that doesn’t require you to have any techie skills in order to earn money from using WordPress to create websites. You can view the link here to uncover more about how to create a website in WordPress and how exactly you can make a lot of money.

WordPress is one the most popular website builders around with nearly 50,000 new WordPress sites being created every day and I can show you how to capitalize on that growth.

Conclusion

So rather than asking “What can you do about the Global economic situation The question should be “What can I do about my own economic situation?”

The answer may be to have an online business. To learn more about how to work online at home and make money and read a few more pages and posts on this site. 

How to Work online from home as I have said, comes down to choice and motivation. Hopefully, I have provided you with the motivation, shown you the how.

So now the choice is yours.

Finally

Video Marketing Made Easy

If you have enjoyed this post “How to work online from home” feel free to socially share and leave a comment or ask a question below.

If you leave a comment, I will reward you with a free copy of my 60+ page book; Video Marketing Made Easy – sent directly to the email you use.

So please accept my bribe and leave a comment. The book is awesome and so are you for leaving a comment! Thanks 🙂

About Peter

An International Speaker, Writer and Internet Marketer, living in Shanghai, China, teaching Business / English at a Chinese University and making a difference to the world, bringing you great information and recommending awesome products that will make earning online while living internationally - a breeze. http://onlineaffiliatewealth.com

120 comments

  • joshua collins

    Hi Peter,

    Great post mate, i am currently working from home and i can say there are many benefits to it.

    whats the best site to use to start your online business in your opinion?

    have you checked out wealthy affiliate they have a great online platform allowing users to create their own online business

    thanks for sharing pal

    Josh

    • Peter

      Hello, Josh Nice to know you have read my post and got something from it. Of course I have checked out WA and infact I am a member which is why I am doing well online. Thank you for your comments and I hope you found my ebbok that I am sending you useful as well. 🙂

  • Sonny

    This is great I have always wanted to make money online and the good news is I read your review and the thing you said about China..oh man the economy would be devastated,jobs would be affected.
    I think it is a good idea to have a successful online business.I’m a newby internet marketing but just joined the Wealthy Affiliate program.

    • Peter

      Hi Sonny, That great news you have joined Wealthy Affiliate because it is the best place to get an online education about building a successful business. Just follow the program and implement what you learn and you will be successful. How long it takes however is down to your own efforts no one can do that for you. Good luck and thank you for your comments. 🙂

  • Sandy

    I like your analysis of the current economy and markets. It looks more and more that the next economic crisis and stock market crash could be close. And unfortunately many people might lose their jobs. So, having your own online business to at least make some extra money, or even better to make it a full time business, might be a very good idea in the current situation.

    • Peter

      Hello, Sandy The videos on the page give you more background too and I agree having an internet business as a backup source of income would be a great idea. Thanks so much for your comments.:)

  • coughlanmaureen

    Very interesting and informative post!
    Thanks so much for providing such an indepth and knowledgeable post on the economy of China.
    I did not know that China is the biggest consumer of iron ore you have definitely put a lot of work and research in writing this article!
    You made many valid points why it is a good idea in today’s economy to set up your own online business!

    • Peter

      Hello, Coughlanmaureen, China is worried about their market crashing and causing economic instability, so the Chinese regulators are trying every trick in the book to stop this from happening.

      When the inevitable happens this market crash in China will cause an unimaginable destruction of wealth for the Chinese and that loss of wealth is going to send shockwaves throughout the global economy, particularly the real estate market, worldwide.

      Unfortunately, whatever happens to China does, will impact us in some way because we are vulnerable to any significant decline in the Chinese economy because China does business with most western countries and whatever is bad for China is also going to be bad for us.

      The answer may be to have an online business. Thank you for your comments. 🙂

  • lifebeginswithyourhealth

    Very impressing article on working from home and earning a living with an online business, training is very important to get before jumping into an online business for sure.

    How long have you been with Wealthy Affiliate, are you totally satisfied with the training your received?

    This does sound like the best online training opportunity online today, I will be considering this more.

    • Peter

      Hello, and thank you for your comments. Yes, Wealthy Affiliates is a great lace to get an online education.If you already know how to build a website or are currently online and are struggling to make a full-time income then you may like to view my post make money online fast. Thank you so much for your feedback. 🙂

  • Terence

    I always knew how China had an impact on the world, but now that you broke in down into details, I now know that it IS a really big thing.

    I totally agree with starting somewhere making money, and internet marketing is definitely one of the many ways to go. I also known people that make a full time income through investing (and taking advantage of economic situations) properly, diversifying their portfolios and more. Just to note…not those scammy binary options. There are a lot of ways to financial freedom, and internet marketing is definitely a way to go (For me at least!)

    I also come from a country where the government does help its people, but not a lot. Mostly, you are surviving on your own with no payouts unless you are disabled. I think many people who complain a lot are those that don’t want to take action, lazy, and just want money to flow in to their bank accounts.

    • Peter

      Hello, Terence,Yes, Unfortunately, whatever China does, will impact us in some way because we are vulnerable to any significant decline in the Chinese economy because China does business with most western countries and whatever is bad for China is also going to be bad for them.

      Fortunately, there is an excellent place to get such an education and learn how to make your own money without relying on the government. A place where you can do it at your own pace and from your own place. You not only get the education that you need to be a successful, long-term, online marketer and create your own financial security.

      Thank you so much for your comments 🙂

  • Matthew Thomas

    Working online from home is only a dream for so many people. Heck, I’m sure a ton of people don’t even realize it’s possible. It’s by now means “easy” to do, but building a income-generating online business is most certainly possible for everyone willing to put the time and effort into it.

    Are there any other services out there that can compare to Wealthy Affiliate?

    • Peter

      Hello, Matthew, Thank you for your comments.

      If you know nothing about internet marketing then, fortunately, there is an excellent place to get such an education and learn how to make money.

      A place where you can do it at your own pace and from your own place. You not only get the education that you need to be a successful, long-term, online marketer and create your own future security and best of all you can begin for free and stay a free member for as long as you like and if you elect to upgrade to a premium membership you know upfront exactly how much you will pay and the additional value you receive in exchange is worth way more than the cost.

      So no, I know of no better place than Wealthy Affiliate. 🙂

  • Bill

    Hi Peter, nice overview on the financial environment as it exists today. You’re saying things that lots of us are thinking. I’m with you, in that the world needs to be concerned with China’s financial situation. As you indicate, perhaps the best approach is to take matters in your own hands and create your own income stream. Thanks.

    • Peter

      Hello, Bill Thank you for your comments. Yes, it’s unfortunate that the free-market system in all of its innovation and wealth creation has been hijacked by destructive government tamperings.

      We now increasingly see ‘mafia type‘ behavior from our own Government and its favoring of powerful lobby groups at the expense of ordinary citizens whilst pretending to be looking after the best interest of its citizens.

      You don’t need to take to the streets or protest we can instead just quietly go about getting an education to create our own economic security and there is an excellent place to get such an education and learn how to make your own money without relying on the government. Which is why I recommend Wealthy Affiliate and almost anyone can get started for free. Thank you for your feedback 🙂

  • Kirk

    A very informative post Peter.

    I’ve been an entrepreneur for 30+ years, and I can say without hesitation, “Governments have been my worst business partners”.

    Like yourself, I’ve struggled creating success with the online business side. That is, until I discovered Wealthy Affiliate. Knowledge and a blueprint for using it, are raising the bar of my online business.

    I’m a proponent of higher education, and, in my humble opinion, Wealth Affiliate ranks up there with the best.

    Thanks,
    Kirk.

    • Peter

      Hello, Kirk I have written before about the Government being the biggest problem for the people of the world when it comes to wealth creation. That they are not the benefactors they pretend to be. They are actually detrimental to your economic well-being and it’s time for you to take personal responsibility and create your own online business to save yourself from their mismanagement. Which is the reason for this post I am pleased you have enjoyed reading it. Thank for your comments 🙂

  • Robin

    Hi Peter, Wow! I clicked on your site because I am very interested in earning income from home. I am retiring soon and will need to supplement my income to do the things I would really like to do. I say Wow! because of all the extra information you have provided on your site. The info you provided on China (as an example) was fascinating… and you are right. The government can do what they want without input from its citizens and the West would love to have this freedom. Either way though, big government has interfered way too much in our affairs and not in our best interest. I’ll be checking out your recommendation of Wealthy Affiliate and hope it’s what I’ve been looking for.

    • Peter

      Hello, Robin Thank you for your comments. If you know nothing about internet marketing then, fortunately, there is an excellent place to get such an education and learn how to make your own money without relying on the government. A place where you can do it at your own pace and from your own place. You not only get the education that you need to be a successful, long-term, online marketer and create your own future security without waiting for a Government handout, pension or bailout. That place is Wealth Affiliate and it is truly well worth checking out 🙂

  • Bernd

    Hi Peter,
    in this article you write what I think.
    Yes, the government makes a lot of mistakes and will not help you in the case that the ship sinks. Therefore you have to take care for yourself.
    I believe, that one of the core problems we face, is the fiat money.
    The other is that politicians tend to prefer the short term “solution”, even when it is more worse than a better long term solution.

    • Peter

      Hello Bernd Yes I agree and we need to get the government out of our lives as much as we can and Wealthy Affiliate education is about learning how to create your own financial security that doesn’t require any government sponsored employment or regulations, such as job creation or welfare. Thank you for your comments 🙂

  • Njogah Njihia

    Thanks Peter for your valid points on how the Chinese economy has gone down, and also how the Government should not be relied upon for good wealth creation.
    I work from home, so I truly understand how it feels…even though the money is tight, I trust that soon, the business will pick up.

    • Peter

      Hello Njogah Thank you for the comment. Pleased you found the article of interest and I’m sure you will be doing well soon if you are following the training from Wealthy Affiliate as they are awesome and just remember that anything worthwhile takes time 🙂

  • Cj

    Hi Peter,

    This is a truly inspiring article. I think a lot of people seek for the type of financial freedom to be able to work from home.

    I too am one of those people, but is it definitely worth it at the end? Don’t you get fed up of being at home the whole day?

    Thank you in advance.

    • Peter

      Hi Cj Ha ha just because you are at home doesn’t mean you must stay there (unlike an office). Whether it’s your home or the local coffee shop, or in fact almost anywhere there is an internet connect you can be ‘working’ But you certainly enjoy more time freedom than any regular that most people have and possibly don’t like. Thanks for your comments 🙂

  • Lesley

    There are many economies in the world that are in trouble. Owning an online business that can be run from anywhere in the world with internet access is definitely a great option, especially where unemployment levels are rising and the minimum wage does not cover monthly expenses.

    At least this way there is a chance of being financially independent regardless of the economic situation.

    Is it possible for people with limited computer knowledge to start an online business? Would they need to hire somebody to setup their website for them?

    • Peter

      Hello Lesley The best thing about Wealthy Affiliate is that they take you through everything step by step and whether you are a complete newbie or a seasoned pro you will get some value from it. Setting up your website is the easiest part infact you can have a site set up in less than two minutes. Take a look and try them out and you can do all this for free before you decide if its for you or not. Thank you fr your comments 🙂 .

  • Emile

    Being able to work from home is the best way to secure your future, whatever happens with your government you will be able to earn money online, and wherever you go you will have work.
    I am a member at wealthy affiliate as well and it’s truly the best place to learn to start your business, they teach you and you do the work, that’s the way I am working toward a better economic situation.
    Thanks for posting,
    Emile

    • Peter

      Hello Emile Yes I agree Wealthy Affiliate is indeed a great place to start your online career and improve your long term future financial position without reliance upon the government and it gives you an income stream that you can take anywhere. Thank you for your comments 🙂 .

  • Brok

    Sometimes it’s hard to think about how outside countries can affect what’s happening in your country. Great post on what can happen in a crash and I really like the idea of building an online business.

    You said you can join for completely free. Is there also a paid version? Is the free version even worth joining?

    Thanks in advance

    Brok

    • Peter

      Hi Brok At least with the free version it gives you the opportunity to try it out before you buy it. Usually people join up once they see the value of the paid membership, but they is still great value in the free version too. Thanks for your comments. 🙂

  • Riaz Shah

    I totally agree with your post Peter,
    We really need to find a way to generate our own income without depending on other influences, we definitely need our own businesses.

    I love how you brought up the Chinese into this matter, they are wildly successful and everywhere they go, they buy the most expensive stuff, even more than the locals. Whenever I see them, I always feel a sudden burst of energy telling me that if they can, so can i.

    • Peter

      Hi Riaz Well thank you for your comments and yes there are many people who see the Chinese as successful, but really it comes from them doing business with the west that has made them wealthy and not their government or infact any government. It is people that create wealth and governments who destroy it. Wealthy Affiliates gives us the ability to create our own internet empires from which we can build our own wealth and become successful and free like those with wealth appear to be. Appreciate very much you leaving comment and your feedback 🙂

  • Ehab

    Hello Peter,

    I don’t know a lot about economics but i am learning from your posts a lot and i like your video choices which complete your article, your website is special and as you said wealthy affiliate is a straight forward and wonderful platform too which you can learn how to succeed online, thanks for sharing and keep posting good articles.

    • Peter

      Hi Ehab Thank you for your comments and I am pleased you found the post interesting and you are learning something. Yes Wealthy Affiliate is a great place for anyone looking to learn how to create a long term sustainable income online. 🙂

  • Carlton Gonder

    Hi Peter,

    I like how you take what’s going on in China with their economy and how the government handles it. Then transition into the western world a little bit. And you are corrrect about Wealthy Affiliate being straight forward and they are always there for you no matter what the reason. I wish other communities were just like the people at Wealthy Affiliate.

    Yours Truly,
    Carlton

    • Peter

      Hello Carlton Thank you for your comments and yes Wealthy Affiliate is a great place to get the education you need to become a success online. Appreciate your feedback. Thank you 🙂

  • Darren

    Loved reading this post, Peter. Very informative and extremely well researched. Glad I’m not the only one who thinks governments are to blame for most economic problems. Maybe the majority know, but just don’t want to think about it. I don’t know. You’re dead right: All governments are the same.

    You mention about the Chinese buying up property overseas. I live on the Gold Coast in Australia. It’s the country’s tourist capital. The Chinese in recent years have been buying up all the most expensive beachfront houses there, houses that sell in the tens of millions of dollars. Real estate agents love them, as they’re now selling homes other Aussies couldn’t afford to buy. There might be some cheap luxury homes on the market very soon, eh.

    • Peter

      Hello Darren Yes you are right real estate will be getting cheaper soon and not just in Australia but in most places around the world. I’m pleased you have found my posts interesting and some of my other ones expand upon some the points raised here. Thank you for your comments. 🙂

  • Bryan

    Peter,

    Thank you for the very interesting and informative article. Having an online business not only frees you from the mismanagement of the government, but gives you freedom to work whenever and wherever you want.
    Your site was very helpful and encouraging.
    Thank you so much for sharing, I really learned a lot.

    Bryan-

    • Peter

      Hello Bryan Thank you for your comments and yes you are right having an online business gives you freedom to work whenever and wherever you want and I am pleased you learned something and found my site helpful. To your success. 🙂

  • Alec

    I think you have made some very compelling points for starting an online business. Wealthy Affiliate looks like the right choice for beginning. How often do people succeed with Wealthy Affiliate, and how much can they expect to earn? Are people building full-time businesses with them? Working from home sounds like a lot of fun liberating.

    • Peter

      Hello Alex Wealthy Affiliate is the right choice even if you have had some experience. Prior to WA I had over a dozen sites and none of them were ranking or making any money. However once I learned (or perhaps I should say unlearned some things) and got the education that was sadly lacking and began dong things the right way to do things. I started to make money build a real online business.

      How much can you expect to earn, well again that is entirely up to you and is dependant upon how well you learn and then implement the lessons. Becoming a successful online marketer is not something that happens overnight. There are very few places that will actually give you the tools and education you need to make it in this business. Most people are self taught and get there after years of trial and error and hard work.

      However Wealthy Affiliate will give you the shortcuts and get you on the right road in no time. But they can’t ‘DO IT’ for you, you still need to out in the effort.

      Help to help you if you need any further advice and my recommendation is join up (it’s free) and start learning the internet marketing business.

      Thanks for your comments 🙂

  • Angela

    I enjoyed your online affiliate wealth website and I must say that you really are giving us a understandable learning lesson on the Chinese economy and most on how it affects the United States economy and the future for all of us. You are right it stating that everyone should do something about their own personal economic situation. I heard that China is buying up silver, is this true?

    • Peter

      Hello Angela Yes they are buying Gold and silver but as I said their people will be selling their holdings soon to repay private debt and China will be doing the same so short term the price will be up and then drop as the next wave of economic collapse begins as I point out in the following post Learn and Earn Money online

      Thanks for your comments. 🙂

  • Matt

    This is a really good article. I literally could go on forever about the benefits of working at home and for yourself! No matter how convincing my argument is though, most people still don’t want to hear it. Isn’t that crazy? They rather have a over worked under paid job that they hate, instead of creating true financial freedom. Pretty mind blowing if you ask me. Anyways, this is another great working why diversifying your income is super important. Even if the economy takes a dive, you still have a thriving international online business. Great read, thanks again!

    • Peter

      Hi Matt Thanks for your comments. Yes that’s it exactly an ‘international online business’ that will diversify your income. Wealthy Afiiliate gives you the training to do exactly that. 🙂

  • Neil

    Hey, Peter!

    I have heard all about the Chinese stock market crashing, which doesn’t sound too good!

    WOW! I have certainly learned a lot from your article, where China is concerned, and I also read somewhere online that the Chinese Government was backing up their currency with Gold.

    I don’t know if you have read it, but in a book called “Risky Is The New Safe” by a guy named Randy Gage, he says that Goverments worldwide will become bankrupt, real estate will suffer (as you mentioned), the Euro will crash, traditional job security will disappear and bunch of other scary things will happen as our economy changes.

    However, Randy says the best way to safeguard your future is to start up a network marketing or an online business, and this is where Wealthy Affiliate steps in to help people, I guess 🙂

    Thank You for this article, and I’m definitely gonna look into Wealthy Affiliate!

    Neil

    • Peter

      Hi Neil I know Randy he reads a lot of my stuff ha ha… and yes thee is going to be some interest global events this year that will change the world and I have a new post coming out soon. Wealthy Affiliate is certainly the place to be in order to create a sustainable online business which is going to become very important in the coming months and years. Thanks for the feedback, appreciate you leaving a comment.:)

  • Anh Nguyen

    Hello Peter,

    I like how you call Wealthy Affiliate a straight, honest and down-to-earth program, it’s very relevant. I have been with this program for over a month now and it’s been a great experience so far… supportive community and great resources. And they even offer a host to build WordPress sites. This is the program that I think will benefit anyone serious about building an online business.

    Thank you for sharing!

    • Peter

      Hello and thank you for your comments and yes you are right WA is an awesome place to get an online education and create a long term sustainable income. Appreciate you dropping by Thanks again 🙂

  • jimmi

    i have been looking around the internet for some thing just kill this. what sort of income can i expect if i made this my full time job i have looked around about wa and find nothing bad about it .All very positive so i think i will give it a try but i have never made a website before how long will it take for me to make a website and get it working

    jimmi

    • Peter

      Hello Jimmi To answer your question “not long at all – less than one minute”. Building your website is the easy part. How long will it take you to create the content for your website?, Well that depends entirely upon you. The content needs to be original and unique if you want you site to rank well. So you need to select a topic that you are passion about and don’t mind researching if you don’t know enough about it. Almost anything will do as long as you really enjoy talking / writing about it.

      However don’t think for a moment that you will be an overnight success and money will flow to you quickly. It takes commitment and hard work to make money online. However Wealthy Affiliate will give you all the tools and skills you need to become a success if you follow the steps and implement what you learn plus the community will be a great support and offer lots of help and advice.

      You can try this program for free before you decide if it’s for you or not. Let me know if I can help in anyway. Cheers 🙂

  • Ben Clardy

    It’s interesting to read about China and their economy. I started Wealthy Affiliate so that I can be free of a “boss” and spend more time with my family. I want to live life without the demands of a 9-5. It’s interesting to think of it from an economic point of view and taking back your life from the government. I’ve never thought about that aspect of working for yourself. Thanks for such an eye opening article.

    • Peter

      Hello Ben you are very welcome and thank you for your comments. Yes is often more than one reason to do things and sometimes motivation comes from different sources. Pleased you enjoyed the read 🙂

  • Matt

    Hi,
    Your page really did motivate me to put more time and effort in to working on my own online business.
    This page was so informative and held my attention throughout.
    It is so current! everyone in the world is thinking about this, right now!
    We are in for some interesting times…….
    Matt

    • Peter

      Hello Matt yes interesting times indeed! That’s why getting an online education and building a future with an online business is so important because our future economic security is no longer assured and taking responsibility for it ourselves makes a lot of sense and Wealthy Affiliate is the vehicle to help us achieve just that. 🙂

  • Chris

    I’ve been stumbling around online for the last few months trying to decide on how to make a little extra cash. This article has helped me loads.
    I figured out that I’m probably not in that bad a position after all and although the stock markets info is above my head – I quite liked the internet marketing jive you included at the end – will be looking into this further on your site 🙂

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