Saving Money For The Bust

It really does seem nowadays like everyone is making at least a little bit of money in the online internet world. With so many different things going on and so many different people interested in the idea of the online world, many different people have come to the conclusions that the internet boom has yet to reach its peak. For people that make their living through the online world, whether they make larger or smaller incomes, this is certainly good news. While people may be tempted to go out and spend until they can't spend anymore with all the money they've made, it would do well for people to remember that we were at this stage before.

Most people are too young to remember it that are successful in today's world, but the internet boom that we are experiencing right now is the second internet boom in history. The first one occurred just before the turn of the century. People were getting money for unproven ventures because everyone had discovered just how amazing the internet world was and at that time too it seemed like nothing could ever happen that would cause this internet boom to go bust.

Then, the September 11th attacks happened in the United States. Air traffic was grounded, security measures increased and of course in the wake of that a recession in the economy started to shake the population. No longer were people putting money into unproven internet ventures and therefore the boom of the internet went bust.

However, Google was able to bring that boom back to life fairly big time through the invention of cost-per-click advertising. This was the single biggest factor in the resurrection of the internet and indeed ever since then the internet boom that has resulted has been much larger in size and scope than anything that was happening with the internet before the turn of the century. Google has since been the driving force behind a number of other innovations and the other companies that have worked with them all deserve some of the credit for bringing the commercial aspects of the internet back to life.

So, where are we now? People are making fortunes again and other people are having the times of their life. However, now that you know history, maybe you will realize that this boom can not go on forever. The start of a bigger economic recession in the United States and the dropping like a stone of the US Dollar have only cemented the fact that the internet boom is going to go bust again at some stage. While the internet boom is still growing massively at the current moment in time, you need to save money for when that boom eventually does go bust.

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