Thriving in an Economic Collapse, Remembering the Poor

by Adrian Koh

Jobs Vacancy, Job vacancies, Employment Jobs

With “great depression,” “lay offs” and “poverty” being on the lips of nearly everyone these days, perhaps only the most optimistic would talk about thriving in turmoil. Thank goodness then for this edition’s featured blogs and the authors who have made a stand against the gloom, directing us toward the faint silver lining that is closer than we think.

Popular finance blogs spoke on maintaining good money habits and a level head during the panic. The Personal MBA Blog and Stepcase Lifehack’s authors cautioned against getting fixated on the doom in the news, asserting that the best investment was in oneself, through improving one’s knowledge, skills, abilities and personal well-being. Matthew Cornell advocated having a “healthy sense of detachment” toward the current crisis, while keeping an optimistic perspective and looking out for opportunities.

Perhaps the best advice came from Bill Taylor, of the Harvard Business Review, who wrote a piece on Warren Buffet’s recent television interview. “So don’t use the financial crisis as an excuse to stop taking chances or downsize your ambitions… Do use the crisis as an opportunity to take stock of what really matters – and to stop looking over your shoulder.”

A number of blogs made it a point to post a piece on poverty to create awareness about the plight of the more unfortunate, following the theme of this year’s Blog Action Day. Bloggers gave their opinions on financial poverty and even emotional and time poverty, all of which affect us in some form or another.