going, going...

i've read the newspaper yesterday. and the global economic situation is getting worse. and honestly, it's giving me the jitters.

i am not talking about paranoia here. this thing is real. we face a bleak future ahead of us. and if we don't take an action now, it could be worse. i know that i must do something about it. people who are not aware of the situation may not care at all. but the truth is, this crisis will stay until 2012. that is the forecast i have read on the newspaper a month ago.

and according to an economist, a professor of mine in MBA, US is gonna hit the bottom by next year. so what is the implication of this?

Philippines is dependent on US's and Japan's economies. these two countries are our partners. if these two countries are in a recession, can you imagine what's gonna happen to us?

The number of company layoffs is getting bigger, with big players in the global market even closing down. and if this crisis is gonna go on till 2012, worst-case scenario is, a lot of companies will either lay off more employees to cut on cost or a number are gonna close down later on. who knows? might be yours. there is an imminent danger of losing our jobs no matter how big the companies we are working for are. intel is one of the big companies in the country, but it closed down last month. things are so unpredictable now. and nobody knows what else is gonna happen in the next six months.

i'm keeping my fingers crossed and i keep on praying we're gonna survive this. but nothing beats early preparation when worse comes to worst. and what better time to start than now.

so instead of spending most of your salaries, allot at least 25 percent for your savings. if you have a lot of free time, tap all those freelance jobs online, e.g. language tutoring; freelance writing jobs; graphic design; creative writing; scriptwriting. and the most important thing is, work hard and keep praying.

let's all pray that this too shall pass, amen...