Make Money Online – 5 Lessons Learned From Donald Trump Going Through The Recession Of 1990
The more things change the more they remain the same. The lessons and principles we can learn from the Donald on how to make money online and what he went through in the 90’s when he down and out .Flashback – In 1990 Donald Trump was broke and facing some very hard decisions. This is all chronicled in his book The Art of the Comeback.Here are the major lessons What we can learn from the Donald’s history when working hard times 1. Don’t panic –
One of the most vital thing is to not let your own mind take advantage of you and sabotage yourself. There is always a way out,sometimes you may not be able to see it just then. When your brain is in panic or dread mode you will not be able to see the most obvious solution and sometimes it takes someone else’s perspective to help you get over or around the obstacle. What Donald did in 1990 when he found himself in the middle of an economic downturn ( similar to what we are suffering today is he bought himself some time by going to the bankers who were his creditors and making them an offer they didn’t refuse 2. Come up with plot
to go through this temporary situation to a better circumstance.See if you can negotiate for more time. He quickly chose to approach the banks first since he knew he would have first mover advantage if he did this. Donald is decisive and once he makes a choice moves forward quickly to seize and do the opportunity. Trump adopted a mantra in 1990 it was…. STAY ALIVE UNTIL 1995. He knew real estate runs in cycles and if her could get himself through to the next cycle he would be able to get through this downturn. 3 Borrow more and give yourself some time
to let the market conditions improve and also so you don’t have to sell your assets at fire sale prices. When you are as well-known as the Donald is everyone knows when you are in distress and he knew he would have to take a deep discount on any sale he was going to have and so he wanted to avoid this from happening. Now he not only visualized asking for more time he really got the banks to lend him some more money. $65 Million to be exact so he could hang in there. I will show you a way to find some money as well in the next article ( not $65 Million but a reasonable amount )
4.Learn from your mistakes –
Trump freely admits he was spending too much time gallivanting around the country pursuing beauty pageants and Marla Maples and took his eye off his business.He vowed never to do that again and has built an even larger more successful empire than he previously had and is now a TV star in addition to a real estate mogul
5 Keep your spirits high. Your altitude is in large part determined by your attitude. Donald coined the phrase Survive until 95, and vowed to do whatever was necessary to not throw in the towel and declare personal bankruptcy. That unwavering spirit of optimism and success are 2 of the hallmarks that make Trump the man he is and can be qualities we learn from him.USe these same principles and startegies to make money online today .
Bonus tip- Trump got into the casino business not knowing anything other than the house always wins and it was a tremendous cash flow business. He learned and studied the market and made a successful casino business
Now for those of us who need to make some money now and can’t go to the banks and borrow $65 Million like the Donald did, go down to my free report and learn what you can do now for yourself to start making money quickly and easily online.