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Table Of Contents
Foreword
Chapter 1: Basics on Wealth
Chapter 2: The Uncertainty of Global Economics
Chapter 3: What Is True Wealth?
Chapter 4: What Is The Empowered Wealth Mindset
Chapter 5: Traditional Planning vs. New Age Ideas
Chapter 6: What Does Empowerment For Wealth Mean To You (How to Set Goals)
Chapter 7: Why Adopt The Empowerment Mindset For Wealth
Chapter 8: Tips For Becoming Empowered For Wealth
Chapter 9: The Good And Bad About The Empowerment Mindset For Wealth
Chapter 10: Conclusion
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Chapter 2: The Uncertainty of Global Economics
Synopsis
Some politicians and economists argue that the 2 years of harsh times which visited the U.S. and euro area throughout the Great Recession of 2008-2009 should’ve been followed by quick recoveries. Late Nobel Prize winner economist Milton Friedman referred to this as the guitar string recession theory. When a guitar string is pulled down and then released, it bounces back. The more it’s pulled down, the quicker it returns.
About Economics
On the other hand, lots of highly developed economies ever since the Great Recession have not followed this idea. Instead, the deep recession in those economies was followed by recoveries which have been disappointingly slow and weak. It’s like the string was pulled down very hard that it snapped.
These growths are somewhat of a mystery. Why has the present recovery been very slow? Some argue that recoveries after economic crises have a tendency to be slow as the legacy of the crisis (weak credit expansion, persistent issues in housing markets and balance sheet repair) weighs on movement. This argument definitely has its merits, taking into account the historical record.
On the other hand, the current recovery has been different at any rate in one significant dimension from the previous ones, whether related to economic crises or not. It has suffered bouts of high uncertainty. This suggests a corresponding explanation for the weak recovery, one that highlights the functions played by policy and macroeconomic uncertainty in limiting economic activity.
Businesses have been unsure about the regulatory and fiscal environment in Europe and U.S. and this apprehension of an indecipherable future has possibly been one of the issues leading them to push back hiring and investment. This is clearly demonstrated in a survey in the U.S. by the National Association for Business Economic, which showed that the majority of a group of 236 business economists feels that uncertainty about financial policy is delaying the speed of economic recovery. How significant is uncertainty in motivating economic activity? What are the main aspects of uncertainty and its impact on economic recovery?
Economic uncertainty pertains to an environment wherein little or nothing is identified about the economy’s future condition. There are various causes of economic uncertainty including different outlooks about growth prospects, changes in financial and economic policies, acts of terrorism, productivity movements, natural disasters and wars. Although uncertainty is hard to quantify, recent research has been capable of developing different measures using various approaches.
The ongoing recovery in highly developed economies has coincided with substandard cumulative growth in investment and consumption together with a sharp and continued reduction in investment in structures because uncertainty has remained elevated.
Historically, high uncertainty coincides with periods of substandard growth. The recent increase in uncertainty boosts the possibility of another global recession.
It’s hard for policymakers to beat the inherent uncertainty economies usually faced over the business cycle. On the other hand, uncertainty about economic policy is abnormally high and it seems to contribute drastically to macroeconomic uncertainty. By executing bold and appropriate measures, policymakers can lessen policy-induced uncertainty. In turn, this can help start economic development in the euro area and reinforce the recovery in the U.S.
Chapter 3: What Is True Wealth?
Synopsis
Wealth is usually associated with money, but this isn’t the whole picture. Even though financial security is a good sign of wealth, it’s not true wealth’s only dimension. Actually, measuring true wealth just through monetary terms can be confusing. Money is definitely an important part of modern life, but there are other equally crucial aspects of living that should be considered when talking about true wealth. True wealth goes beyond the idea of financial stability or material abundance.
True Wealth
Wealth is a way of feeling and being in the world. It means that you have abundance in every area of life. People are meant to live a life of profusion. There’s an evil rumor in the mind that there’s not enough for everyone. There’s not enough money, not enough food or not enough of everything you can imagine. This is a complete lie because there’s enough.
There’s more than enough for everybody. The problem is that people have been taught that there’s lack in the world. You see people who don’t have what they want and they conclude that wealth is a faraway place that’s very hard to reach. This is certainly far from the reality.
There’s more than enough wealth in every area for each person to have everything he or she wants and more. Everyone wants to find someone to love or perhaps you already have found your special someone. Is there a limit on love? Sometimes, people will put limits on love, but that’s not true love. True love has no restraints, it’s boundless and it’s limitless. It can be given all the time and never run out. Everything else is the same. Wealth is profuse and people should learn to see that there’s more than enough for everyone.
Wealth is having profusion in your relationships. It’s having family, loved ones and friends and great relationships with them that bring happiness to people’s lives every day. These are mutually valuable relationships that are indeed a two way road. Without healthy relationships, life can be very stressful and hard. Wealth in relationships is all about both of you obtaining more than you put in.
Health is wealth and this is true.
Having lots of money, but not being fit enough to enjoy it isn’t true wealth. There are many people who’d give their entire fortune for better relationships and better health.
On the other hand, there are poor people who have great health and great relationships. This is most likely as close to wealth as people can get until they can take care of their financial state. True wealth is about abundance in relationships, finances and health.
Wealth has one more area – the realm of spirituality. Some people feel rich in the realm of spirituality when they’re able to go to church regularly and give to God. Others feel rich when they have a reason to dedicate themselves to.
You have to decide what true wealth in every area means to you and understand that you don’t just deserve it, but can also have it. You can have the love, relationships, health, money and things you want. There’s more than enough available for everyone.
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