How to Work Online from Home
How to work online from home comes down to choice and motivation. Many people want to know how to make money working online. I can give you the motivation and give you the ‘how‘ with this article. But the final decision to actually do it, is yours.
Many people overlook the most obvious benefit of working online from home which is the ability to control and manage your own financial destiny. Making money online is not difficult, once you know the how. But too often people fail online because they gave up way before they put all the pieces together. And there are a lot of pieces.
Making It Easy
Fortunately, I’m going to make it easy for you and give them ALL to you. I am even going to tell you how & where you can join a world class training community that you can start for free and where to access 300 ‘How to’ videos, that cover everything you will ever need to know about how to work online from home.
But first, let’s get you motivated to wanting to work online. Here are some powerful reasons, to make you think hard about getting started.
Some Background
“I have written before about the Government being the biggest problem for the people of the world when it comes to wealth creation and that they are not the benefactors they pretend to be”.
They are actually detrimental to your economic well-being and its time for you to take personal responsibility and create your own online business to save yourself from their mismanagement.
Let Me Explain…
Why I say that Governments are not your friends and they are no looking out for you. Let me give you an example. Many people assume that China will one day become the next superpower and perhaps they might. But things are not always as them seem.
Not so long ago, 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 suddenly plummeted.
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 around $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 perhaps 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 and it won’t be the last.
In Response
In response to the meltdown in 2008 the government (in line with Keynesian economics) pumped Trillions into their economy, building hundreds of 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. But they didn’t care, 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 of rapid growth, the Real Estate market began to slow, as the number of unsold properties mounted in the face of continued overbuilding and weakening demand.
Economic Out-Look
Economic growth has begun slowing, home prices are deflating (despite offical figures to the contrary) and most local governments are facing a potential debt crisis from all the massive building being undertaken with borrowed funds.
But that’s not all, this is also the same country, where families are only allowed ONE baby and some of those are now in their mid twenties and are also only having one child. But the majority of these babies are still children so, the future demand for ‘Real Estate’ is unlikely to be greater than it was, thirty years ago, when families had five or six children.
What this means is that for every child in China, over the next twenty years or so, there will be up to six older (non working) family members that will need looking after. In other words the ageing population will be massive as the population is shrinking. Making the excess of real estate a larger problem than it is currently.
More Government intervention
The last time the real estate market faced a slow down the Chinese Government responded, to the reduction in demand for government-funded construction projects and a slowdown from falling exports. Was to pump 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 favoured vehicle for speculation, real estate, was falling from favour.
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 the Chinese Economy 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‘ (save face) in the eyes of the world.
Peter V Crisp
“Of course these actions cause artificial ‘bubbles’ in the economy, as all governments do, when they meddle in the economy, and if the most ‘Controlling Government‘ in the world can’t save its economy from ruin. What hope does your Government have?”
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 still worried about the stock market crashing and causing instability, so the Chinese regulators have been trying every trick in the book to stop a 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…
- They began running Positive outlook news stories…
See more here in this informative video below;
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 deeply involved with interfering in their economies. Look at the recent problems with Greece defaulting on loans and the many other countries that are 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 whenever 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
- Telling Positive Economic News stories
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. It controls the internet, foreign news, journalists, books, newspapers and all social media.
Will This Effect Us?
Unfortunately, whatever China does, will impact us 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.
Edward Snowdon
However, things are not much different in the U.S, here they also ‘monitor‘ the flow of information and misinform 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 then 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‘ behaviour from our own Government with its favouring of powerful lobby groups at the expense of ordinary citizens, whilst pretending to be looking after the best interest of its citizens.
“Its time to wake up and realise 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 and government ownership of all the land.
The Rich
The country’s more informed, affluent and ‘connected’ have been leaving the 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 up 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 alone.
What Does a Crash Mean for China and How will it Impact you?
When the stock market crashes again 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
Historically, 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 free-fall then many won’t have the cash to pay for margin calls, repay loans or in fact have 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 drastically, 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. Its 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.
Become Educated
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.
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.
The Internet is Dominating the Business World
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.
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.
| You can Join Wealthy Affiliate for FREE here |
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.
| Learn how to create a website in WordPress and make 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 and shown you the how.
So now the choice is yours.
Finally
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 PDF copy of my book, Video Marketing Made Easy – sent directly to the email you use.
Peter V Crisp
“So, please accept my bribe and leave a comment. The book is awesome and so are you for leaving a comment! Thanks ?
“Oh and if you want to get access to over 300 ‘How To‘ Video tutorials, that will teach you everything you need to know about how to work online from home. You should check out this link below”
| Click Here to Access Over Three Hundred ‘HOW TO’ Video Tutorials on Internet Marketing |
From the looks of the graph, and based on history, China’ stocks are bound to still go up, and still steadily rise in the long term too. I know about the hibatchi pattern and many other theories that would make it so thats accurate. would you agree? Of course, ive always been told what happens in a larger economy like that doesnt really matter unless were talking 5- 10 years anyway… is that true?
Matt TheDopestMatrix
Normally I would agree but what many don’t know about the chinese economy and its markets is they are not free and open. The Government heavily controls them and even censors the information available to the ‘market’ and even the data from them, to get the outcome it wants. All is not what it appears. So if there is ever a problem or a correction, just know that it is always much worse than is reported. The same for almost everything in China as the Media is also state controlled so information is tightly held and censor before it is released. This why Facebook, Youtube, Uncensored foreign media and other sources of public information is blocked / restricted in China. Thank you so much for your comments 🙂
Hi Peter:
Thank you for this super educational article you wrote. I have heard that recently about China’s stock market plummeted but did not know that many details. I am new to the stock market industry, so can you help me with explaining some of the terms you used:
1. What are blue chip stocks?
2. What is meant by a “bull market”?
Thank you again!
Steph
Hello Steph Thank you for your feedback. Blue Chip stocks typically refer to top rating, well known companies such as Coca Cola, McDonalds, Apple, Microsoft etc with strong balance sheets and therefore ‘low risk’. A bull Market refers to a strong (like a bull) market moving in an upward direction for a period of time, whereas a bear (sleeping) market is one in which most stocks are either not moving or are shifting downward. Appreciate your comments 🙂
I agree with your statement about the governments, most (if not all) are corrupt and do not usually have the best interest for it’s people (in some cases the ones who put them in power). I am also a internet marketer, and I feel like internet marketing, or being an entrepreneur is the only way to go.
Hello Malcolm yes I too think internet marketing is the way to go and also I agree that government are no longer serving the citizens best interests. thanks for your comments 🙂
Hi Peter,
While I agree with you on your conclusion, they way you got there is way off. You state the following:
“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.”
This is not correct. The free market has been hijacked by the financial system, and governments have been instrumental in this by giving the financial sector free reign. Let me explain.
When Bill Clinton repealed the Glass–Steagall act in 1999, commercial banks where allowed to start investing the money of ordinary people in high risk ventures. Of course no one was complaining then, because in the beginning people got high returns on their savings because of this. But over the years this has drained trillions of dollars out of the world economy and into the financial markets that have no real world value other than numbers on a computer screen. And then came the 2008 crisis. Regular people lost their savings and the 0,1% got a bailout and everyone went on about their business.
We could really use some more government meddling, because nothing has changed since 2008. The financial sector is at the helm of our economy, and we are heading straight for another massive crash.
Hello Guy thanks for your feedback and I agree with your conclusion that we are heading into another massive crash. You may find some of my other posts prior to this one has a bit more economic history and gives a better over view because things actually started way before Bill Clinton’s meddling in the economy.
Appreciate very much the feedback and I like the debate about cause and effect but we both can agree that “TROUBLE” is coming and Wealthy Affiliate is a great place to get an education about how to create our own economy without having to rely upon the Government and their interventions. Thanks again 🙂
Hey Peter. Great article as always. I’ve been keeping up with the crisis in China for some time now as it does affect the US as well. Most people fail to realize that. China’s market is slowly crashing, yet they are buying Gold non-stop. They want the US dollar to be finally put down.
There is one way to avoid a global meltdown, and that’s as you mentioned… making your own financial security. Good read as always and look forward to more!
Hello John. Thanks for your comments yes wealthy affiliate is a great place to get the education you need to make a living online and the sooner one starts the better off they will be. Appreciate the feedback cheers 🙂
Peter, I have to tell you that was one of the most thorough, well written and thought provoking reads regarding How to Work Online from Home that I have ever come across.
The more I read and try to understand the Chinese the more confused I become. With all the talk of Stocks, Gold, Real Estate & Pensions the Chinese sound like the most Capitalistic Communists On Earth!
I had heard that they like the Japanese have been buying up a lot of the world over the years including the states, and I like you am not a big fan of our Government any longer.
I am fighting my own fight to educate folks about the lies from our Government,
I would have NO SoapBox if it were not for your Solution to Protecting Ourselves Financially;
Wealthy Affiliate!
Peter thanks for the great read and education, my best,
CannaGary
Hello Gary Yes they call it Communism with Chinese characteristics ha ha… Seriously though don’t be fooled by what they call themselves ALL Governments are the same, they couldn’t care less about their people. That’s why we need to look after ourselves and build a financial future based on our own efforts and the internet can provide that opportunity and Wealthy Affiliate is one way to get the required education to make a living online. Thanks for your comments. 🙂
hi Peter,
This post really an eye opener to all citizens that want to help their government rise. Your post explained to me well how will I be a good citizen. Creating online business at home is the best one to start. This article is already complete of encouragements. Can I ask some more benefits to know working online at WA?
marcy
Hello Marcy Yes Wealthy Affiliate is a great place to get the education to succeed online. Pleased you liked my post and thank you for your comment 🙂
This article is a good example of why individuals need to be in control of the their own economic future and not rely on their governments, or other governments. Individuals do need to be concerned with the economic well-being of their own location, and also the economic well-being of other countries, as what happens in another country can have a large effect across the globe.
I think it best that individuals diversify themselves with several sources of income, or other areas to move to, as a safeguard for the future or when economic hard times come. Adding an online source of income is a good place to start!
Hello Emily well said I agree we need to be in control of our own economic security and Wealthy Affilaite is a great place to start. Thanks for your comments 😉
This was a very informative article. I totally agree with you that it is up to each person to create their own financial well being. In an age of entitlement, the fact remains that if a person isn’t going to do what’s needed to make it on their own, the government certainly isn’t going to do it for them.
Totally Agree Kevin and yes Wealthy Affiliate is the place to do just that 🙂
Excellent article here! If the government has its hands in the pot like this, we should all be a little on edge. The chinese governing body dumped millions into the economy to stimulate it. Sounds like the good old US of A. I wonder what would happen if the USA ever banned short selling. There would be an uproar! Thanks again for another stunning and eye opening article. Best wishes!
Hello Paul This what the Chinese Government does because it doesn’t need approval from the people to act, the US does things a bit more sneaky but not so obvious and says it does it in the name of protecting your freedom. China is just an example of ‘how’ government act in order to be seen to be in control. Unfortunately the world in so interconnected now so anything that happens there, will impact us all. Thanks for your comments 🙂
Hi Peter,
Interesting insights for growing your own income from an economy perspective. I learned about this right after I graduating from college and invested most of my savings in private managed funds. A small portion of my wages is automatically deducted for government retirement fund so I can’t really touch the money until my 50’s.
However, I did manage to use some percentage of the funds to pay off for my college loan so that was really a huge money saver. Now that I have cleared my debts and growing my dividends, I am now set to build an business for long term residual income.
The thing with doing it online is that the start-up cost is really low (hence no debt whatsoever) and there’s really not much restriction as long as you know how to navigate the web. You can do it at your own pace and resources are abundant. Many people are still skeptical about it, but if you follow the proper training such as those provided by Wealthy Affiliate, it’s definitely doable.
Hello Cathy I totally agree That wealthy Affiliate is the place to get the education you need to make a living online. Global economics is interesting because the world is so connected now that it impacts us all and once people realise this they will take more interest in their own financial security. Thanks for your comments 🙂
Hello, peter!
A cracking article on how to work online from home, if I do say so myself! 😀 I’ve never been to China and have always wanted to go, so it’s on my list of places to visit.
Thank You for the education on China, and I knew nothing about their culture or how they invested their money, until I read your post. I can’t believe how they invest half of their income, so they must have a lot of discipline, especially when a lot of people in my country tend to spend most of their income on bills and life’s luxuries.
It’s also scary to know the kind of impact the Chinese stock market could have on the rest of the world if it crashed! So for this reason and to secure mine and my families future, I’m definitely going to give Wealthy Affiliate a shot!
Thanks! Neil
Hello Neil and thank you for your comments I am pleased you both learned something and found it interesting. Yes once people realize we are all connected economically then they will take a greater interest in their own economic well being. 🙂
Hi Peter,
Another amazing piece of information you drew up here.
What I can clearly see here, unlike Vegas, is that what happens in China does NOT stay in China.
I certainly understand that what can be openly done there is something many Western governments would secretly love to do themselves.. And they do it.. Secretly..
It’s amazing to see that the governments primary goal with the overbuilding is to drive up the national GDP. If you would have asked me what the reason was of this overbuilding, I would have answered that they are working on creating a bigger middle class which would lead to an enormous demand of housing, shops, etc.. in a country with such a population.. Is there a chance that this could have been one of the reasons?
I’m glad you showed me the connection with Australia, this explains to me the big decrease of the value of their dollar.
Your option to start out an online business is definitely something to consider. The internet is changing for the better, and becoming successful on there has lots to do with giving quality products/services.. So thinking about your own economic state and trying to give that a boost in the upwards direction by providing quality online can only be a good thing for everyone!
Thanks for this great post, I learned something today 🙂
Cheers!
Hi Maarten I live and work in Shanghai China so I see all these things first hand. The information I have provided in my post is not openingly available in China. The Media is state controlled and run so information is tightly censored so the people do not know what is happening. In terms of over building almost every town (not just the cities) has numerous blocks of multi-story apartment blocks either newly constructed or still under construction while there are many newly completed and still empty in the same location. Has to be seen to be believed. Imagine if you are from a small rural town and in a field where you used to play as a kid now has rows of multi-story apartments blocks standing empty and they are building even more.
Yes there are many people in China but most are poor and the average cost of an apartment is 40 times their income. Globally that is very expensive and they don’t own the land. So interesting times ahead for that country… and the world because as you said what happens in China won’t stay in China.
Thanks for your feedback 🙂
Some quite shocking facts and figures you’ve covered here in your article – a very diverse and interesting read!
It’s frightening to see ( or hear ) that so many parts of the world are in this sort of situation.
I was, however, interested in the option you covered at the bottom of your page – have you had experience with this training?
Hello Chris yes absolutely this is an awesome training / education platform that will give almost anyone the knowledge and skills needed to create a long term, sustainable, online business. Anyone can try it out for free. Thanks for your comments. 🙂
Seems like you know a lot about economics and this was a very interesting article about China’s economy. It really scares me of what is coming. I mean every year there’s bigger and worse problems that the world has to face. For example, global warming, economic collapse, species extinction, pollution and so on… What is this all leading to ? Hopefully we can somehow fix this.
Anyway, like I said nice article and thanks for keeping us up to date what’s going on.
Hello Rolandas You are right every year there’s bigger and worse problems but fortunately there is a fix. It’s you. You, me and everyone needs to take back responsibility for our own economic future and creating a sustainable, online business that is borderless and almost limitless is the way forward. The Governments of the world are not going to fix what they themselves have created. Forget waiting for them. Get an education on how you can save yourself and your family by generating a living online. Thank you for your comments. 🙂
Hi Peter,
Thanks for the wonderful insight about cause and effect. I’ve been working with China for a few years now, trying to get my product off the ground. It’s been my experience that a huge issue in China isn’t quality or even production, it’s timely delivery.
In my experience, not a single factory in China has delivered anything on time. Economically speaking, not delivering on time means they also don’t collect their fees on time. That alone has a cascading effect on everything as well. If there were to collect $1 today instead of it being delayed a week or two, that $1 could be earning. I haven’t done the math on that but for me, it just makes sense. What are your thoughts about that point?
I recently found WA when trying to figure out how to sell my product and I really like it. The lessons are well put together and almost overwhelming, only because there is just so much info. That’s a good thing plus I love that there is ALWAYS someone online and ready to listen, answer questions and even help out if needed. It’s a great community.
Best of luck with being and affiliate and great article!
Hello Daniel I am in Shanghai teaching Business and English at a University. It allows me to get an understanding of what’s going on in China, experience the culture and to see many things first hand. Plus I have the luxury of time to devote to my internet business, between classes and during the generous vacations they give me as a “Foreign Expert”. So I fully understand the issues you are talking about and it’s not just in business and industry that has ‘issues’ but that’s a discussion for another day.
You are right Wealthy Affiliate is an awesome place to get an education about developing, building and creating a sustainable online business. The things you learn will benefit you tremendously in both yours and other people’s businesses that will serve you well in the future.
Pleased you liked my post and thanks you for your comments 😉
Hi Peter , here in Greece we had some kind of that phenomenon , meaning the over-building that took place 15 years ago , resulting in numerous unsold properties since 2006.Not to mention the Great Greek Stock Market bubble in 1999 where fake companies were entering the stock market without any control and of course illegally.
You hit the nail on the head when expressing how Governments act in mafia alike behaviours looking to satisfy lobby demands instead of the citizens wealth.
Chinese government seems to lost control.Now they re-invest in their stock something around 200 billion dollars , if I remember correctly an article I was reading couple of days ago.
So you think that a lot of people will be forced to sell gold , that could turn into a universal mess.
I have many relatives that have businesses in Australia and they mainly export to China.I can see a chain of reactions here.Additionally the producing of coal in Australia is getting a strong war.
We can’t rely on the governments , here in Greece for example all traditional jobs are dying.The small business stores are almost history , every day we hear about people losing their jobs.
You are predicting that internet is the solution and I have to agree.That is why I started an online business for myself after all these major economic changes.I still keep my offline businesses but at the same time I am looking to expand on the net.
Also I am not a fan of trading physical products anymore and tend to research mostly informational products.
Your recommendation on Wealthy Affiliate is something everyone should take very seriously.Now is the time to build an online business.Internet and technology are changing rapidly and constant improvements apply to websites and the way that they will look in a few decades later or even sooner.If someone is uncertain into jumping online he might discover issues later on.
Tremendous article and very unique perspective
Kind regards
Hello Tasos. Yes Greece’s troubles are not an overnight phenomenon but are the result of long term Government meddling in the economy. The same in the USA in 2008 and now China. No Government is immune because they all lie and cheat their people.
Greece was the birthplace of Democracy a new type of freedom for the people at the time. It is time for another type of freedom, the freedom from Government intervention in our lives (we don’t need them) We are seeing the results of their ‘control’ on our economic well being. Time to stop waiting for them to save us it’s not going to happen. It’s time to ignore them and take our financial future back and create our own economy without their interference.
Perhaps Greece will become the first Country to dump their Government, drop out of the union, and create their own independence as a country of sovereign individuals. If they go back to devalued sovereign currency it will means their exports will be globally very cheap and tourist will flock in because of the low cost of living. Yes there would be upheavals but you are going to have that anyway no matter what you do. Better to have pain and become cured and free than have pain and receive more of the same.
Wealthy Affiliate is a great place to get the education you need to build your own future that is, borderless almost limitless and can be expanded world wide. Something all Government fear (your freedom) because they would soon become redundant if everyone starting living this way.
So interesting times ahead for Greece, China and the world.
Thank you so much for your feedback 🙂
Wow this is some astounding information you have here about China’s economy and the drop of their stock market. I personally love your view point on the world and where it’s going.
The paragraph about the gold price was especially close to my heart because I run a website myself that covers silver as an investment. Much of this is true and is also true with silver. The recent run down in price is and will continue to have an adverse effect on our commodity markets.
Wealthy Affiliate is definitely a great recommendation and contains the best group of helpful members that I’ve ever come across. Starting a business is so much easier with them by your side.
Thanks again for a great page and a very engaging article. Do you collect silver or gold?
Hello Paul Thanks for your comments. I like physical gold and silver coins and gold stocks and being an affiliate marketer allows me the luxury of have surplus money to invest in those types of things as well as live in different countries around the world because the internet allow you to live the internet lifestyle and gives you that freedom. All thanks to the education I got / get from Wealthy Affiliate .Pleased you liked my post and thanks for leavng a comment 🙂
Hi Peter,
Very interesting post on the current global financial situation and even more so of the importance of being financial independent and location free. And an online business can do just that for the individual. So in my opinion it is important for one to learn how to work online from home or from anywhere in the world.
I wonder if the Chinese market crashes further what that would mean to the US debt held by the Chinese government, any thoughts?
Thanks again for the stimulating article and with the global economy changing this lets everyone know how important it is to be diversified in income sources.
Take care,
Todd
Thanks Todd The short answer to your question about the Debt to the Chinese;
China will not call in its debt all at once. If it did the value of the dollar would go down. The US has printed trillions so it ‘real value’ of debt has gone down as the number of dollars in the market goes up. This is called inflation which is why we see price increases, not because things cost more BUT because the government inflates the number of dollars that are available in the economy.
Of course the government lies and tells you inflation happens because of other reasons but that’s how it get most of its money (by printing it) not from taxes. Taxes are only a way of keeping tabs on citizens and a way to seize assets and throw people in Jail (under the pretext of tax evasion) if the Government wants. This goes on all around the world, if the people really knew how the economy worked they would all revolt! and dump the government. The world would become Laissez Faire overnight.
Thanks for your feedback 🙂
Hi Peter,
This is a great article and I totally agree with you, the governments of this world do not work for their people, and I learnt a long time ago that the best way to live is to create your own economy.
I also believe that our education system lets us down when it comes to wealth creation, but that is another story 🙂
A well thought out article that sheds light on a very important topic. The internet is definitely the platform to create wealth these days, so hands of governments.
Rob
Hello Robert Thank you so much for leaving a comment on this post. Pleased you liked it I am just telling it as I see it. Yes Wealthy Affiliate gives us the platform from which to launch our own economy. I appreciate your feedback. Cheers 😉
Hi there! As usual: Awesome Article.
I enjoyed reading it. It’s true, what u say about the gov’t is so true.
It’s good, interesting information everyone should read.
Misti
Hello Misti thanks for leaving a comment and I am pleased you liked the post. Just telling it ‘like it is’ ha ha thanks for your feedback 🙂
It’s no doubt inevitable that the “so called” economy will crash. Will we ever actually see an economy? who knows… What I know is that I’m going to be prepared. I’ve dedicated myself towards a goal of building an online business that will sustain itself for a long time. Taking advantage of what giants like Google are offering for income. Successful Lifestyle Secrets talks about personal development and internet marketing. In return Google and other affiliate partners pay for visits and such. Simple after learning a few tips and tricks!
I certainly wish I discovered the Wealthy Affiliate program earlier. So much in one bundle with huge support and everything you need. It could have made things much easier right from the beginning.
Hi Damien Yes the government has really gone way past it’s ‘use by date’ and it time to ignore them and make our own way in the world (so to speak) Wealthy Affiliate certainly gives you the education you need to create an income not dependent upon them. Thanks for your feedback Cheers 🙂
Hi Peter,
This is an interesting post. For Australia a Chinese economic collapse would be devastating. Your desire for a laissez- faire system in China and around the world is increasingly unlikely. The more we try to control corruption ,the more we request government intervention and thus the cycle goes on. Libertarians awake or earn income online!!
Regards David
Hello David Yes a laissez- faire system is what is going to happen after the governments have completed destroyed the existing system and then and only then will the people realize that the government was indeed the problem. It cannot be fixed any other way. That way we need to do something for ourselves now while we still can because the governments are not going to do it for us. Thanks for your comments 🙂
This is a wonderful article peter !! To be be honest I’ve always kind of had a hard time on relying with the government. I live in Miami and everyone knows whats happening in the U.S and this in my opinion is only the beginning.
We as people tend to rely too much on the higher power but at the end they are normal people that are prone to make mistakes whether they admit it or not. We definitely need to take our lives into our own hands. I love articles like this because you really do some fantastic writing specially as I feel like you are just having a normal conversation with your audience, a true writer. Keep it up .
Hello Yunier Thanks for your comments. Yes its time to wake up and realize the governments of the world are no longer serving us and we need to look after our own interests and Wealthy Affiliate gives us a wonderful vehicle to learn how to do exactly that and create a successful online business which to look after our own financial future. 🙂
Goodness, Peter when I started following your blogs on online affiliate wealth I was greatly impressed with how much information you were provided me on internet market.
Now, I am I see you have so much more you deliver. You knowledge of world economics and it’s impact on us day-to-day folk. is amazing. How to work online from home has given me a more comprehensive understanding of the Chinese Stock Market crash than I grasped from any of the other media I depended on.
Thanks again. I keep looking forward to what you share. Keep it coming.
Thank you Loretta pleased to know you find my writings interesting. Just writing it how I see it and letting my readers know what’s really going on . Appreciate the comments thanks 😉
Interesting article Peter about the state of more or less all the world economies and working from home. I think the time has passed when we could count on our governments to look after us.
Okay, they still pay our pensions or unemployment benefits at the moment, but for how much longer. With ever increasing debts, to keep solvent, governments will have to raise taxes and cut spending, including pensions and the welfare payments that support many.
So you’re right, the sooner we start an online business the sooner we will be able to look after our own futures. The training platform at Wealthy Affiliate is a truly great place to learn about starting a business from home. If we have the dedication and are willing to put in some hard work it can be done and should definitely be considered.
Hello Peter yes exactly and still most people don’t see it they still believe the B.S that comes from politicians mouths. Time to say NO! and take back your life. Yes Wealthy Affiliate is an excellent place to get the education to do that. Thanks for your comments 🙂
Hi Peter,
your post was more scary than interesting, just kidding,lol. This is actually what’s goining on throughout the world, The recession of 2008 is still around and I believe its a depression which people are afraid to call, instead governments around the world are trying to hide the facts, and fueling money from one sector to another and showing an improvement in one of the sectors every quarter. Things are changing fast in today’s world. People does not have a clue, Jobs are becoming more performance based, where employees are just a number, not humans. Internet Business is the place to be, and in next few decade’s everything will be here for sure. Interesting post and loved reading it, keep on bringing such stories.
Thanks
Kunal
Hi Kunal just writing it as I see it… Maybe scary but all true. Thanks for your comments. Yeas we alll need to start looking out for ourselves and there np better place to learn how tha Wealthy Affiliate and its even free. Thanks for your comments 😉
Hello Peter, Thank you for this long and helpful analysis which comes up with a better conclusion at the end, All Governments have their plans but we as citizens we have to wake up and work hardily to achieve our own goals. We don’t have to sit down but to stand up and learn how to create our own economic security as you said. Wealthy affiliate is a good example that every one can follow and make a difference.
Yes Charlotte Wealthy Affiliate is a great place to do just that and almost anyone cam learn how. Thanks for your comments 🙂
I totally agree with you Peter. My brother lives in Canada and he’s always been complaining of prices going up, mortgage payouts, etc. The truth is that we all have certain problems and we always strive to solve them. We shouldn’t rely on government or wait for their small payouts such as pension or bailout. I totally agree that
it’s time to look out for our own economic security and we can do it if we want to make our future better. And internet allows us to achieve it if we are willing to dedicate some time and work towards our success. Each of us can work on their own pace and over time we certainly can become financially secure and independent.
Thanks Rufat Yes it’s the same all over the world. Governments spending our money and mortgaging our futures. We can work at our own pace and create our own pension plan, 401K’s, or secondary income. Even a full time income online if we choose. Out economic security is now up to us because the government are proving to be expensive meddlers in our lives. Time to say no to them and yes to ourselves. Thanks for your comments.
Excellent article about how to work online from home Peter!
I just read a news article this morning about how here in Australia our Government is running up a debt of 100 million dollars a day and we are meant to be in a far better position than a lot of other countries, Greece for example!
I can’t help but wonder what sort of a mess we will be in after a few more years?
I absolutely agree with you that we can no longer rely on the Government to take care of us.
We have to take control of our own economy and the best way to do this is to learn how to make online from home ourselves!
John
Hello John yes yes yes That exactly right. We don’t need them they need us and it’s time we let them know that and vote them all out of our lives…for good. Creating an online business is the way to do away with needing them and the sooner we get started the better thanks for your comments 🙂