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[T478]The Global Financial Meltdown

by Rebecca Kratzer, Reb

If you recently lost your job after many loyal years of service, or can't figure out how you will replace your retirement funds, or might have to tell your children there's no money for them to go to college this fall, you are not alone. But you are not without opportunities – really good opportunities.

These times call for innovative and creative approaches to making money. It's no longer wise to rely on an employer to provide the traditional paycheck and benefits in exchange for a grueling commute and long hours.

The strong companies that survive and come out successfully on the other side of this economic adjustment will be managing their resources much differently. More and more of the work will be performed by freelancers or contract and temporary workers in order to cut operating costs. Needed expertise will be brought in on a contract basis, avoiding the long-term payroll implications.

If businesses are changing their approach to employees, that means each of us should radically change our approach to business. It's time to think outside that proverbial box. If you have a PC, an Internet connection and love to learn new skills, you can survive and thrive through it all.

One great way to thrive is to earn money from Internet marketing. Sure the web is full of scams and e-books and offers that don't give you all the details you need to be successful… I've been there and done that too many times. But that does not change the fact that 10 billion dollars worth of business was done online in 2008, and e-commerce continues to gain market share against brick and mortar retailers. Plus, contrary to what you've heard, there are honest, knowledgeable mentors out there who would love to see you succeed.

Online marketing is not difficult and you don't have to be a techie to figure it out. You just have to make the right connections and get the right resources. With straight forward learning tools, anyone who can read, learn from videos, and follow instructions can make great money from e-marketing.

There are many options available. You can be an affiliate marketer by promoting products and services of other companies without even having your own website; or build your own site to share your expertise and sell your own or someone else's products and services.

Driving traffic to your websites is the key to success. If you are familiar with inexpensive, traditional marketing techniques, use those to drive the traffic. Otherwise, target proven free online techniques, e.g., post short articles, chat and post in online social groups, use classified ads, and promote on video sites. And, of course, there are the paid options such Google Adwords and other PPC marketing. Target the approaches that work best for you.

Online marketing is a great way to add part-time income from the comfort of your own home. No need for childcare or juggling schedules with your spouse. Start out small and make amazing money quickly. Then continue to learn and build your business to whatever level you are comfortable. Or jump in with both feet and make a big splash!

Put Internet Marketer on the list of rewarding careers you plan to investigate, today.

Federal Reserve and The Treasury Department took major steps to support commercial paper markets. Many investors stayed away from purchasing commercial paper, which was a cause of economic slowdown, but central bank was creating a special facility to help the $1.7 trillion commercial paper market. This includes also credit cards and auto loans to move economy forward.

Market did not respond in positive way just yet, today it was announced how Fed will lay out loans for banks. All bank loans will be available through action with loans available for 28 days or 84 days. Fed also announced that it will provide up to $900 Billion in loans to help banks ease credit crises.

With market going down this start to effect 401K or any other portfolio. According to AARP study, because of the economic downturn, one in five workers 45 and older has stopped putting money into a 401(k), IRA or other retirement savings. And retirement pans have lost as much as $2 trillion in the past 15 months. In most cases this will delay retirement for many people and some of them cannot retire and would have to keep working.

Financial meltdown is starting to create problems everywhere.

According the Fed, consumer borrowing fell an annual rate of 3.7 percent. Consumer borrowing is defined by Fed as all loans not secured by real estate. Economy has shown slowdown in housing market, layoffs and the credit problems as banks have slow down on borrowing due to consumer defaulting on their loans, credit cards and mortgages.

So far steps by Federal Reserve to calm things down did not work. Federal Reserve Chairman Ben Bernanke warned in speech that the financial crises could prolong. Even financial companies such as Bank of America slashed its dividend and reported loss on their third quarter profit of 68 percent.

Many investors, companies are defending their portfolio. Selling everything they have and just sit on cash until market calms down. Even Fed will be forced to slash its Fed Funds rate by at least 0.50 basis points to boost some strength in the market.

Key point currently is to help banks unfreeze their credit lines; allow banks to borrow more money in which banks can create loans. However, even banks are afraid if customers will repay their loans.

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About Author

Both Rebecca Kratzer & Ratetake are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Rebecca Kratzer has sinced written about articles on various topics from Finances, Internet Marketing. The author is a successful internet marketer with a background in integrated marketing communications. If you found this article helpful and want to learn more, take a look at the step-by-step video tutorials here:. Rebecca Kratzer's top article generates over 1300 views. to your Favourites.

Ratetake has sinced written about articles on various topics from Finances, Debts Loans and Debt Consolidation. Susan Duey represents RateTake marketplace. RateTake matches consumers with mutiple lenders offering low mortgage rate quotes. For more information. Ratetake's top article generates over 49500 views. to your Favourites.