As long as you have an Internet connection, you can work anywhere in the world. With Blockchain, content creator will have no fear of no income, everything you create can be monitored and monetised, millions of jobs will be created, the time you select to work, at your own pace, and you can travel the world at the same time, you do not need to stay in a fixed place paying sky high rental, nowadays it is cheaper to buy a tiny house or a motorhome that can transported to anywhere you want in the world, and it will be easily affordable. Eyeballs in Social Media do not convert to sales, and Likes at Facebook also do not, we are coming to a crossroad where everything will change, a system where the subscription will be low and nobody will mind paying for content they consume, making money for million of jobs around the world. Contributed by Oogle.
When I designed the mechanics of the New Economy, I have already understood everything in the Old Economy, how the transformation of GDP growth will be changed with the onset of the digital currency, and an expansion of Global Trade will reduce poverty, and Trading of assets and liabilities in a Global Exchange will finally bring an Economy of Abundance.
This transformation and reforms need the support of everyone, and once you understand it’s goals we will wipe out poverty in a lifetime. It is important to note that all the engines of growth must be fired, the most important is the Global corporations, SMEs and governments must be sustainable and profitable to sustain millions of jobs for everyone, no more barriers of inequality, injustice, and the ability of education to provide a pathway to success.
When you built a factory to produce goods, you need to be sustainable, you must be able to pay decent wages, and all your utilities and costs, creating jobs for everyone. This can only be achieved without destructive competition, determining the demand before supply, to get maximum profits. As you ramp up your production after you derived the profits of your first batch of goods, it all depends on your goals, the costs of providing the second batch will be lower as you lower your costs from your suppliers, eventually it will be your goals you want to achieve for profits and segments of your markets. Most important is your business models. Let me explain, I can give away free mobiles for the purpose of research and technology, at the end of the day, when I make a better product, I can charge even higher base on the new technologies and the higher demand. Contributed by Oogle.
Invest in an Asset, not a liability, with your own TimeLine,taking Risks/Return into account
It is very important to know that everyone’s requirements are different, everyone risk tolerance and time horizon is different, do not follow the crowd, what is good for you may not be good for another. But the basics are the same, do not buy what you cannot afford until you get returns from your Assets, one of the most stupid thing to do is keeping up with the Jones, you do not see how they get their assets, maybe they could be owing the banks millions of dollars. Do not believe in “Get Rich” schemes, those who say they get rich owing multiple properties, do you know the Risks they undertake, if a property they buy cannot be rented out, you will be faced with bankruptcy. I am not saying that will not happen, but you need perfection to execute perfection, the access to information to buy the right properties that can generate rental returns beyond your installment payments, especially if no downpayment is utilised. The access to the right information is always crucial to success. The use of the right platform is always a must. I always believe in Value Investing, and Wealth Park has all the information of companies to help you find success. Always spend time to do your own research, following the crowd will always mean you are always too late, to benefit for your own work. Having an AI platform to tell you everything about the company, it’s PE ratio, it’s dividends and it’s balance sheets, it’s potential and the direction it is heading will always give you it’s earning potential, not having access to information means you are trading blindly, 100% sure to lose money. Contributed by Oogle.
In order to prevent China from dumping steel products in the US, the US employed tariffs to punish and prevent China from accessing their markets. I feel that you do not have to do that. To discourage dumping of goods and services all you need is a price control mechanism with a range to protect your own domestic industry, rather than tariffs and sanctions which will seem more like protectionism. Nobody can a have Free Trade deal without trying to protect their own domestic markets from dumping by other nations. As long as you understand that you should not keep more than 30% of your domestic markets protected you can already sign a FTA. The world is not yet perfect and like the example of the African states, their agriculture markets are deeply affected by the EU states and farm subsidies that cause African produce to be not competitive enough. It is a creative solution which is up to deal making to solve this problem. Every country is different, and every markets are different, so if you have an insight to all trading activities and markets you can bypass all these problems. US is unrealistic to expect because of it’s tariffs, China will give total access to it’s domestic markets without concessions, trade-offs and bargaining.
There are many reasons why this trend is happening in Asean, especially China. The increase of the family income, more recreation time for family, the expansion of the camping markets, like in Hong Kong housing has grown too expensive and people are finding solutions to solve their housing crisis, smaller homes like Tiny Homes and Cardboard Homes could be solutions to lower their costs of housing. Contributed by Oogle