How Total defense day can still be relevant?

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.
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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.
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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
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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/