Critical Information I know I just sent out an update yesterday, but there have been some new developments in our economy that I felt were critical and needed to be shared. The stock market experienced yet another crash today. Dropping 679 points and below the 9000 mark. This is huge and will have a significant impact on many people’s bottom line. I don’t mean businesses business bottom line, like how can we grow, I mean individual’s bottom line, like how can we pay the rent or mortgage. “We’re in the middle of a very dark tunnel”, said Brian Fabbri of BNP Paribas, referring to the worsening credit crunch. “Each day we see another crack in the system.” If I were to have read that several years ago, I wouldn’t have thought too much about it. I had my job making good money and other than my 401K I wasn’t really involved in the stock market anyway. That may be the case with you as well, but here is some news that should make you stand up and take notice. “Tight credit markets have exacerbated the downturn. The unemployment rate stood at 6.1% in September, up from 5% as recently as April, amid job losses during every month of 2008. The economists expect an average of 74,000 job losses a month for the next 12 months with the unemployment rate reaching 6.8% by June, a level last seen in 1993.” If this doesn’t make you take a deep breath that finishes with a bit of a gulp, it should! Most people in the United States are 2 paychecks away from being homeless. And by the way, we are in October which means that the holiday seasons are are looking to pick up some extra money working retail; however, keep in mind we are seeing a big decrease in people upon us and if you have ever looked for a job during the holiday season, you know how difficult it is. Unless of course, you spending money at department store type venues. I have talked about, suggested and encouraged the importance of having multiple sources of income and it seems to me that many of us are about to be slapped in the face with the realities of why this is necessary. Get involved in something immediately. It’s a lot easier to build a business when you can, instead of waiting until you have to. You have what you need right here. You can find different ways to make extra money right here on this website. You can request information from people who have been doing these jobs successfully and open up dialog with them. Heck, email me at Sharon@livinfree.com with any questions or concerns you may have. I can’t guarantee I’ll get back to you immediately, but I will commit to getting back to you within 24 hours. When I run, I listen to audio books. It’s a great way for me to really absorb the information. During my run today, this particular audio book was talking about the fact that we should make decisions based on the good of all. That, of course, made me think about my own decisions in my personal and professional life. It also made me realize that when I started this website it was done because it was good for the all. We can’t afford to wait for government, religion or anything else out there to save us from an economy that seems doomed. The mere structure of our economy is set up to do one thing and one thing only…fail. The Federal Reserve (which is where we get all of our money) is no more part of the Federal Government than Federal Express. When the Federal Reserve makes money, it loans it out to us and of course with interest. So please, take action now. Set something up for yourself and forward this email to anyone and everyone you know so they can start taking action as well. The time is now to take ownership of your personal financial future and unless you have multiple sources of income, the unfortunate reality is that it will only be a matter of time before you are a statistic in The Wall Street Journal. |
