The mess on Wall Street really confirms what we have been telling folks - the time to be DEBT-FREE is NOW!
While big companies are falling to the way side, the firms with no debt and cash reserves are doing just fine. That is Exactly the position you need to be in as an individual. If you are not paying the typical amounts to interest and taxes, you are going to be in a MUCH better situation than most people are these days.
No doubt inflation has attacked your family budget.
Now that the financial backbone of the country is in crisis Wall Street insiders are scratching their heads trying to figure out what went wrong.
Of course, with Lehman, Merrill Lynch, Fannie & Freddie and many others in the financial sector gone, folks are wondering where it all will end? Are we at the bottom yet?
Of course, now that Lehman, Merrill Lynch, Fannie & Freddie and many others in the financial sector have waved bye bye, folks are wondering where it all will end? Are we at the bottom?
My guess is that this HUGE economic mess is no where near finished. Who knows, it might even lead into the Great Tribulation mentioned in the bible. No matter what happens, we better all take steps to protect ourselves now, and not wait on Washington to fix it.
If you are in the business of helping folks created income streams at home and/or online, then you could likely be part of the solution. Our feeling is that it will be the entrepreneurs of the world that pull us out of this.
If you are in the business of helping folks created income streams at home and/or online, then you could likely be part of the solution. Our feeling is that it will be the entrepreneurs of the world that pull us out of this.
We favor the strategy of increasing income, and decreasing debt at the same time. Many people will wait until they are completely debt-free before they look toward increasing income. Why not do both at the same time? With just a little planning, you can be well on your way to the lifestyle you want. (In many cases you can cut out the fat and find additional money for debt reduction without increasing income at all.)
One thing is for sure, with their record, we can't wait for Washington!