Don't Allow Your Life to Be Limited by These Five Things Five types of people will struggle in the new economy. Find out who they are, as well as the five types of people who will thrive.

By Peter Voogd

Opinions expressed by BIZ Experiences contributors are their own.

In this video, Peter Voogd talks about the five types of people who won't succeed in the new economy and the five types who will thrive.

The five types of people who will get killed in the new economy are:

  1. Stubborn
  2. Know-it-alls, as the economy is about learning. Voogd says that you have two eyes, two ears, and one mouth, so listen more than you speak
  3. Dabblers
  4. Victims who blame the economy, the government, or circumstances for their lack of success. Rather than bemoan things you can't control, put energy towards your family, business and success.
  5. Lazy — watching Netflix, drinking, and eating comfort food right now — as they won't be able to capitalize on opportunities when the economy comes back up

The five types who will thrive are:

  1. Masters, who commit 100 percent and will capitalize on market share. Be either all in or all out, not in the middle
  2. Independent thinkers, who are not easily influenced by others or media
  3. Relationship builders and networkers. Connect with people and build relationships over the phone, videoconference and text
  4. Focused on investing in themselves. Skills are weapons in the new economy, so you should be bettering yourself
  5. Optimistic but also logical — expecting the best because they're putting in the work

Related: How Stubbornness Limits You

Peter Voogd

Leading Authority for Young BIZ Experiencess

Peter Voogd is the author of the best selling book 6 Months to 6 Figures, as well as the founder of The Game Changers Academy. He's a leading authority on Gen y leadership who has trainedand inspired well over 4,500 BIZ Experiencess with his true story of going from dead broke to a six figure income within six months. His podcasts, videos, websites and social media reaches more than 200,000 people monthly.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Franchise

10 No-Office-Required Businesses You Can Start for as Little as $5,000

With strong Franchise 500 rankings and investment levels starting under $5,000, these brands are ready for new owners to hit the ground running.

Franchise

How to Prepare Your Business — And Yourself — For a Smooth Exit

After decades of building your business, turning it over to someone else can be emotional. But with the right mindset and a strong plan, it can also be your proudest moment.

Business News

Here Are the 10 Jobs AI Is Most Likely to Automate, According to a Microsoft Study

These careers are most likely to be affected by generative AI, based on data from 200,000 conversations with Microsoft's Copilot chatbot.