little pebble

We were briefed on the economic crunch from ag today. It’s something we are all aware of. Cash flows. Collecting debts. Credit limit. All the measures to ensure good cash flows and minimize write down of debts. The whole economy is down and it affects everyone. Blessed are those who are still in school, as they needn’t come in face with the recession to most extent. Years like these can make or break companies, each step must be made with caution.

Ag reiterated exactly what I mentioned to michelle yesterday, “cash is King”. Haha. I have potential of a finance director! =P

I perused into how the economic crunch is impacting on us. Our exposure of risk in relation to investment is fairly minimal. Our investments are mainly on long term plans, which though may not yield us an attractive return, but risks are low. On the other side of the coin, indirect impact of inflation does hit us straight on. managing our finances to maximize what we are getting out of every dollar becomes something we must be wise on. main financial commitments are fundamental bills everyone incurs. On a whole, it eats into how much we can save..but we will still do fine as long we continue to work. I can sense a pressing need to find means to save more.. as yes, cash is indeed king. In times of uncertainty, the liquidity cash gives is the assurance that lets us sleep in peace at night.

When things hit the bottom of the well, it will bounce back. of course, the next question one would probably ask is, “when?” I shrug as I’m no economist nor financial analyst. From what I’m gathering off papers, most influential persons are saying in the next 1-2 years. we can take comfort that market moves in a cyclical fashion.. a dip will follow with a peak..it goes up and down, up and down..

I thought about how it’ll affect chances of employability if I am to go out there. companies will be conservative in hiring .. packages may not be as attractive as before.. companies will still be hiring, probably more to replacing people who have left.., more than opening new positions due to expansion. Despite all these, I guess if we are gems, companies will still be willing to take us in. hence my aim is to file out my jagged edges and polish myself to become a gem with worth.

Team mates have emailed out on date to meet for assignment. Woohoo. I got to get my butt moving. Need to plan out time and things to cover. I managed to read up 1 chapter of notes yesterday. need to read text. Work on questions. Digest the information. Need time!!

Econs is this week. gear yourself tricia!

I am working hard for a cause. i’m a little worthless pebble but I believe one day I will be a gem, as long as I keep refining and polishing myself! =)