The mess on Wall Street really confirms what we have been telling folks - the time to be DEBT-FREE is NOW!
While huge companies are falling to the way side, the firms with cash reserves and no debt are doing just fine. That is the Exact position you want to be in as an individual. If you're not paying the typical amounts of interest and taxes, you are going to be in a MUCH better position than most people are these days.
No doubt inflation has attacked your family budget.
The Bush oil men started their plan of bringing on HUGE oil and gas prices several years ago. They apparently never stopped to think that if the common folks are paying 3 times what they are used to for gas, they might not be able to pay their mortgage bills, car notes, or credit card usury fees (which many families have been forced to run up to pay for their gas).
Now the financial backbone of the country is in crisis, and Wall Street insiders are scratching their heads trying to figure out what went wrong.
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!
While huge companies are falling to the way side, the firms with cash reserves and no debt are doing just fine. That is the Exact position you want to be in as an individual. If you're not paying the typical amounts of interest and taxes, you are going to be in a MUCH better position than most people are these days.
No doubt inflation has attacked your family budget.
The Bush oil men started their plan of bringing on HUGE oil and gas prices several years ago. They apparently never stopped to think that if the common folks are paying 3 times what they are used to for gas, they might not be able to pay their mortgage bills, car notes, or credit card usury fees (which many families have been forced to run up to pay for their gas).
Now the financial backbone of the country is in crisis, and Wall Street insiders are scratching their heads trying to figure out what went wrong.
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!
About the Author:
Doug West has worked in Financial Planning and Investment training for over 20 years. Get his No-Cost report that can put you on the path to a Debt-Free Lifestyle: Debt-Free Strategies No-Cost Report Discover Simple Index Trading Get a totally unique version of this article from our article submission service
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