You’ve seen the billboards in school or prominently displayed close to the National Day
period. You’ve heard the songs and...
It’s glaringly obvious that we face the threat of a global economic collapse with what’s
going on in the US, UK and Eurozo...
The most valuable thing just a couple years ago used to be information. Today, in the
age of “information overload,” the m...
the world. Even if you don’t have kids of your own, we’re sure you know a young person
out there who can benefit from your...
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When Its Totally Ok To Be Defensive | Richard Tan Success Resources

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How Total defense day can still be relevant?

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When Its Totally Ok To Be Defensive | Richard Tan Success Resources

  1. 1. You’ve seen the billboards in school or prominently displayed close to the National Day period. You’ve heard the songs and maybe even sung them yourself. And if you’re old enough, you may even remember playing the board game! But what does Total Defence really mean to us? How is it relevant to the typical career, investment and business-minded people that we are? We have to say, we honestly struggled with the relevance of celebrating Total Defence Day. That is, until we looked it up. We’re a young nation, not even half a century old with a relatively small population and few natural resources. In spite of this, we’ve succeeded against tremendous odds to build a nation that has, for 7 years running, been the best place in the world to do business. Yet, we shouldn’t take any of this for granted. We need to stay vigilant to face any threat whether it’s a pandemic, terrorist attack, or economic crisis. Total Defence is all about protecting our way of life and one of our responsibilities as savvy business people and investors is to make sure we beef up our Economic Defence. Success Resources: http://www.srpl.net/
  2. 2. It’s glaringly obvious that we face the threat of a global economic collapse with what’s going on in the US, UK and Eurozone. Seeing as we face a less than encouraging global financial climate, what can we do to make sure we protect ourselves from the consequences of its far-reaching impact? Protecting Your Assets Real estate, precious metals, and certain value investments can be stores of value. This means that even if their price varies significantly, they rarely or never lose all value. Unlike currency, the money in your pocket, stores of value can never be created out of thin air. Right now, governments around the world, not just the US are printing money in greater quantities leading to increasing inflation and costs of living. It’s not like things are getting more expensive, it’s just the value of the money you have is slowly being eroded. So, if you’re investing in these assets, your hard earned money will be protected as its value will rise along with inflation. Even in a worst case scenario of economic collapse and hyperinflation as we saw happen in the Great Depression, the value you have “stored” will never disappear. Your risk is considerably lower than keeping it in a traditionally “secure” location like a bank (where it could be worthless). Stay Relevant The world is changing often faster than we can keep up. Just think, 20 years ago, every “modern” device from CD players, radios, computers, VCRs, game consoles, TVs, and phones now all fit in our pocket in one device. Success Resources: http://www.srpl.net/
  3. 3. The most valuable thing just a couple years ago used to be information. Today, in the age of “information overload,” the most valuable asset is FINDING the RIGHT information. There’s so many business and investment strategies, formulas, and techniques out there, it takes a lot of skill to sift through all the garbage to unearth the gems hidden there. And once you know how, you need to constantly apply what you learned, practice it, and master it. Our attitude has to be one where we embrace lifelong learning and re-training to stay competitive and relevant. If you stop growing, you’re dying. Invest in Future Generations Among all the investments out there, the best you can make is in yourself and your kids. None of us would ever want our children to carry the burden of debt that we leave them. If anything, we want our legacy to be one where they learn to provide for their own financial future, to understand how money works and never have to worry about money. Not because you’re leaving them a huge inheritance, but because you’ve given them a strong financial education and an entrepreneurial spirit to dare to attempt great things in Success Resources: http://www.srpl.net/
  4. 4. the world. Even if you don’t have kids of your own, we’re sure you know a young person out there who can benefit from your experience and knowledge you have right now. So, teach them, coach them, be their mentor and watch them take Singapore to greater heights – a place we can all be proud to call our home. Success Resources: http://www.srpl.net/

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