President Obama has come right out on cue to tell the world that the Government will take care of them. Past history tells us it will be decades before it will all be repaired.
So, are you waiting for your disaster to befall you and guide you down that hole to oblivion? Or do you want to ensure that you will have a bright, safe and fruitful future?
Where Are You Now? Economically, and historically, we have never been in such deep debt as now. Credit Card debt MUST be slashed or eliminated. Why? When recessions hit, they bring higher interest rates. Do what you can to minimize mortgage increases. And, I know, it sounds impossible to save anything these days but you do need to succeed with this one too.
Now, what are you willing to do about it?
What Are My Options? Do you want the good news or the bad news? The good news is there are two choices, take action or do nothing.
Consider this; Wells Fargo Securities predicts this,”unemployment rate declines to 7.6% by end of 2012 (Christmas Rush), before rising to 8.1% by the third quarter of 2013, finishing 2013 at 8% and declining to 7.5% by the end of 2014.”The outlook for next year and into 2014 is more of the same but worse. If your Company has any trouble they are fighting right now, It will get worse next year.
So far, they are right on the money.
But to be forewarned is to be forearmed. If you intend to weather this very long economic storm, you need to make a plan and put it into action. It would be nice to be able to fall back on your desires, find something that matches you. One question. How long have you got, money wise, in the bank, before you are, God forbid, out on the street? Yes, one of the hardest questions you can face. But, if you do face it, prepare properly and take action as far in advance as possible, the potential for weathering this economic storm are more than good.
If you look at a pay increase at work, it will put you at the top of the heap when the time comes to, “trim the fat.” Dump that one. If it come to that, you are in a better position if you have not had a raise in a long time. To keep your job, you may consider offering to work for less if you are in the boss’s office one day, wondering why you are there.
If you look at taking a second job, it is likely that it will pay very low wages, trading your valuable time for peanuts, so to speak. It is an option but you likely do not want to do that for very long.
The home based business makes sense. Choice is important. It is amazing how many do not think of this. If you are looking to sell something, try not to inventory stock. That represents cash sitting in your basement or garage. We do not want you to end up like me for instance. I still have some NSA Water filters here since the 80′s, Argh! But, now you can learn from my mistakes. That was just one of them.
Remember, if you are going to start a home based business, selling a product or service, make sure it is not only something that you do not have to inventory, but you use a lot, and if you use it a lot, I expect everyone is going to use it a lot too. Now, there is another reason for this. If you are offering a popular thing, and using that same thing every day, you are going to buy from yourself first, right? Of course you are. And if you are doing that, you can bill its use as a sales expense.
What are the best companies to work with? Well, we are getting ahead of ourselves a bit. You need a Customer list and you do not want to be crawling to everyone you know begging them to sign up for this or that. We know where that leads, NS-NF, “No Sales – No Friends.” But fear not. There is a system that you can plug into and fill your needs for Customers and the investment is extremely low.
There are companies like 5Linx, Visalus and ACN but we must discuss the means by which you will do your reseasrch, investigate each potential for the best training, mentorship and compensation plan.