OVERCOMING RECESSIONS: How to Rise Above Economic Downturns

1. OVERCOMING RECESSIONS:How to Rise Above Economic Downturns Presented by Nadine Alexandre, MHRM Rutgers University Alumni Association June 10, 2010

2. What we’ve been taught • The World around us has changed but the advice has yet to change. • Good Education = Good Job • The higher the education the better the job will be. • Hard work will pay off • Put in the time and effort at work and the meritocracy (pay-for-performance) system will reward you. • Save a Percentage – Buy now  Pay Later • Later you’ll potentially earn more therefore it is safe to continue to take on debt w/ interest

3. The mindset • Everything Starts with A THOUGHT • What thoughts have you been entertaining regarding your financial status and financial future? • Recession Victim vs. Recession Victor • Victim  fear of losing job, worry about finances, make statements about losses in economy, work to pay bills, believe there are limited opportunities • Victor  focus on opportunities being overlooked by most, find & make strong investments, work to learn & develop skill sets, seek and create multiple streams of income, know this is the time when new millionaires are created • Time to Shift Mindset from one of Recession Victim to Recession Victor!

4. Facts about the current Recession • Officially began in December 2007 (National Bureau of Economic Research) • From Dec 2007 to 2008 U.S. employers trimmed payroll by 1.2million jobs

5. Facts about the current Recession (Cont’d) • Current recession is one of the longest since the great depression of the 1930’s. • Widely accepted reasons for economic downturn: • Housing market • Financial market • Credit crisis • The current national income is approx. 10% below the level it would have reached in the absence of the financial crisis • Current unemployment rate – 9.7% • As of May 2010 – 15 million Americans were out of work

6. The Current Workplace – Four Generations • This is the first time in American history that we have had four different generations working side-by-side in the workplace. Each have been greatly affected by the economy and have distinct views of work & lifestyle

7. Some traditional Ways we earn money

8. Which one are you?

9. Shifting from Recession Victim to victor by becoming an investor • Develop a passion and take it from vision to a cause which must be fulfilled! • Master the basics of accounting • Learn how investments work • Develop an understanding for the market (i.e. stocks, real estate, bonds, etc.) and know that it is emotionally driven • Learn the tax system and/or obtain an accountant with tax expertise • Develop a mindset to create multiple streams of income

10. The Recession Victor Mindset “Billionaires know that a job will never make them wealthy; investments will.” (- Scot Anderson) • Identify industries where wealth is being created - that link to your passion. • Consider time your most valuable asset. • Understand that success is when opportunity meets preparation ~ S = O + P • Know that if you fail to plan you, you plan to fail!

11. Streams of Income • Two Types of Streams • Linear – paid only once for your effort (i.e. salary, hourly paycheck) • Residual – you work once and it generates a steady flow of income for months and even years. (i.e. author of bestseller, network marketing, inventors) • Types of Residual Earners: • Network marketers, real estate investors, securities agents, insurance agents, entrepreneurs, franchisors, software creators, inventors, marketing consultants, game designers, songwriters, celebrity endorsers, etc. • Ask yourself: What percentage of my week/month did I spend creating residual income?

12. Areas to tap into • Network Marketing – identify high quality product w/in a growth industry that creates demand and sells itself. • Example – Health & Wellness industry is projected to become a trillion dollar industry this year!!!

13. Areas to tap into (cont’d) • Network marketing – also known as multilevel marketing – the ultimate money making machine (- Robert G. Allen) • The Power of Leverage and Duplication • Within a year or two have made the most millionaires – taking ordinary people into extraordinary lifestyles. • Ardyss International – www.ardyss.com • www.ardysslife.com/divinehealth • www.reshapeandloseweight.com

14. Areas to tap into (cont’d) • Real Estate – YES IN THIS ECONOMY! • Going back to historical recessions many millionaires were created in real estate during down economies • Buy Low Now – Sell High Later! Increasing Home Prices Since 1940

15. Areas to tap into (cont’d) • Traditional Business Marketing • Snail Mail (slow, expensive unreliable, high cost) • Business Week/business hours • Local/limted geographically • High overhead • Usually need to be a big player with big money • High cost of failure • Launched from a fixed location • One dimensional marketing • Limited shrinking customer base • Less efficient, Old Traditional • Internet / Multimedia Marketing • Email (Fast, cheap, reliable, low cost) • 24/7/365 • Entire world • Almost zero overhead • Can be an unknown with little or no money • Low cost of failure • Launched form any computer in the world • Interactive multimedia marketing • Unlimited, expanding customer base • Faster, Efficient, Innovative Traditional Business Technology-Based (Automated) Business

16. Question & Answers ?

17. Nadine Alexandre, MHRM Email: nadine.dtm@gmail.com Facebook: Nadine Alexandre Upcoming Book: The Recession Proof Life Phone: 866-314-7393 Contact / Follow-up