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What I have learned from the Federal election

What I have learned from the current federal election

What I have learned from the Federal election

Impending DOOM!

Well maybe it’s not that bad, but there are some lessons to be learned from the current federal election here in Australia, and particularly the financial situation we find ourselves in, from the years following the global financial crisis.

The United States of America is also in election mode at the moment, and there are also lessons to be learned from their predicament as well.

What I have learned from the current federal election

The problem

When the Global Financial Crisis (GFC) hit in 2008, it caught the world with it’s pants down.

No one saw it coming, and most of the countries of the world have not really recovered.

What followed was a massive bail out!

Countries such as America had to bail out the big banks, and they have printed a mountain of money to do so.

What we have now is a mountain of debt.

According to the Guardian, world debt has increased by $57 trillion dollars in the 7 years since the GFC, and U.S debt alone has crossed over $19 Trillion dollars!

Hard to get your head around really.

Here in Australia, in 2006 we were fortunate enough to have a surplus of $21 billion dollars: 6 years later we had a $48 billion deficit.

Right now, Australian government debt is sitting at around $405 billion dollars in the hole… and rising!

The fact is, as a country, (and the world)  we are getting further and further into debt, and we can’t seem to pull it back!

Impending DOOM!

If we ran our business or our own personal households like the world is at the moment, we would be going bankrupt.

It is no coincidence that people like Robert Kiyosaki and Harvey Dent are predicting that in 2016 there will be another GFC, this time even bigger that 2008!

What is the Government doing about it? 

Nothing!

Well that is not exactly true.

They are trying to a certain extent.

But in reality, they are not making the hard decisions because they don’t want to risk a voter backlash.

Unfortunately we are part of the problem.

We don’t want government services to be cut back, and if they are, we won’t vote for them.

Opinion polls go against the government and they change leaders.

The opposition won’t support good ideas because they want to get back in power.

Outlandish promises are made that have no hope of being paid for.

The hard decisions are not being made, and as a country and the world, we are getting further and further into debt!

No real leadership is shown because they are scared of the voter and media backlash.

Impending DOOM!

The middle-class is being eroded, and the gap between the rich and poor is getting wider and wider.

You can see why someone like Donald Trump is gaining popularity, and in Australia you have Pauline Hanson.

Whether you agree with their views or not, they are not stuck in the trap of “political correctness”, and are not scared to say what they think for fear of not getting elected.

So what can we do?

How can we escape this debt trap, and get ourselves out of this mess.

What I have learned from the current federal election

The solution

Well number one is that we are going to have to stop looking to the government to solve our problems.

I am no Nostradamus, but I predict there are going to have to be a few more elections lost, Prime Ministers knifed in the back, and a lot more debt taken on before someone with a lot more leadership comes along that actually starts to fix the problems.

No, we are going to have to take some responsibility and take control of our OWN financial destiny!

We can no longer rely on the government to save us, or in the security of a job, or the loyalty of the company we work for.

In a few years time, many of our jobs will have disappeared due to technology, or cheap overseas labor.

Pensions and other government services will be cut or axed, and our standards of living will be diminished.

So what is the solution?

There is one industry that is booming, and will continue to do so in the future.

The business of information.

How big is Google?

People are constantly searching for information online to solve their problems.

Their health problems, financial problems, relationship problems, and every other problem you can think of.

And they will also pay for it.

The business of selling information in eBooks, online courses and membership sites is booming.

People will pay you for the information you already know, or can find out about.

All you need to know is how to package your knowledge.

Millions of people worldwide, are learning these skills and taking control of their OWN financial future!

Be part of the solution and not the problem!

Avoid the DOOM, learn from the lessons of the current federal election, and learn the skills to create you OWN economy!

If you have any questions or comments feel free to leave them below.

To your success,

John W. Newman

Lifestyle Entrepreneur and Your Online Business Mentor

Dream It… Believe It… Then Achieve It!

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LEARN HOW TO CREATE YOUR OWN ECONOMY! CLICK HERE FOR YOUR FREE TRAINING!

Make money online

John newman

John newman

My name is John W. Newman. Property investor, Internet entrepreneur, husband and father of four beautiful daughters. Join me on my road to financial freedom! Dream It...Believe It...Then Achieve It!

10 Comments

  1. Very well said John. There isn’t much difference between Australia and the US except for our accents I guess. I will definitely be interesting to see how the elections go. I know it will get ugly here as both sides attempt to avoid any real solutions to the issues.

    I agree with you that the best solution is to create out own economy that we are impacted as little as possible by the large economy of the countries we live in, and the rest of the world.

  2. I wholeheartedly agree people need to take charge of their own financial destiny. An online business is the way to go.

    The business of selling information online is changing in my opinion. Some of the wealthy entrepreneurs who made fortunes selling ebooks and doing webinars have moved on. They are seeing webinar attendance dropping, for example. With so much free information available on content-based websites, it is harder to sell ebooks.

    • Thanks for your comment Glen, but I am not sure that I totally agree with you.

      Yes, there is a lot of information online available for free and yes, in a lot of ways it can be harder to sell eBooks and the like, compared to several years ago.

      But in reality, the business of selling eBooks, online courses and other information online is actually booming.

      You just need to know how to package and market it in the right way, with the current best practices and strategies.

      The people that are struggling are using outdated methods and are trying to do it by themselves.

      To create a successful business selling information online you need the right tools, training and support!

      Despite all the free information available online, there is still plenty of people that want to go further and will buy your product if you create enough value! 🙂

  3. Hi John,
    Wow that is rather scary about the upcoming election and possible financial crisis.
    I never know which way to vote! But now I am even more unsure. I am in Australia and also witnessed go from golden era to downturn very quickly, and here we stay. However, I believe the only way is up, and I truly hope that the future is brighter than the one you describe.
    It has also motivated me to look for other ways to earn money online as my hours at work have been cut due to lack of government funding….
    Cheers, Kris

    • Thanks Kris,

      Yes, I am not really a dooms dayer.

      I know we are not in the best shape at the moment, and I am sure there will be recessions and booms over the next twenty to thirty years, but on the whole life will go on.

      Unfortunately, unless we take control of our own financial destiny, it will be much harder for us in the long run and there will be a lot of people that will suffer!

      Time to run our own race!

  4. I love the website and the contents as I am busy with the WA program and it is one of the best online business teachings that one can learn from. I love your “Mind Set” tab and i think all newbies should read this and apply their minds to it and make it work. I am grateful that you took the time to make this information available and wish you luck for the future.

    • Thanks so much for your feedback and that you find value in both this article and my site.

      It sounds like you are taking control of your own financial destiny with Wealthy Affiliate, and I have to say that you are in the right place!

      Best of luck going forward! 🙂

  5. Thank you. Interesting read. Its intriguing to see where Australia has gone since 2006. I remember, when I lived in Australia, the time the government gave us about $900 in 2008 or 2009 to stimulate the economy. Makes you wonder where they got that money from… You are right. The solution is for us to take situations into our own hands and chart the path as entrepreneurs.

    • Yes I think that money is now part of the national debt!

      It served it’s purpose at the time, as it kept us from falling into recession, unfortunately, the details were not thought through and much of the “stimulus package” was wasted!

      I totally agree with you about taking the entrepreneurial path and

      learn the skills to build an online business!

      Thanks for your comment! 🙂

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