11/30/2008

Will sluggish economy impact your economy?


Most people know that buying repossessed “REO” property from a bank is a good financial move. After all, the real estate market will rebound someday. When it does, the person who bought “sub-value” homes will make a fortune.

If only ...

If only … many businesses weren’t surviving from invoice to invoice, just as many employees are living from paycheck to paycheck.

If only … there was enough financial cushion to survive a month’s loss of income, let alone invest a few month’s profit in real estate or the deflated stock market.

If only … I had a little more money.

During a recent session with my think tank, a visitor asked one of the most difficult questions they have ever fielded. “Is it possible to profit from the current sluggish economy, without the cash reserves to buy real estate or stock?”

The answer is YES.

However, the full answer is a little more complicated than that one syllable affirmation. Here’s the bullet points they suggested.

1. Don’t scoff at a mere $100.00 a month.
2. A little improvement can save the day.
3. Lots of little bits can make a lot.
4. Secondary economies are resilient and tax advantaged.

To see the “blood and guts” behind these bullet points, go to
www.symbiosis4u.us/Newsletter/UncommonCommonSenseEZ.pdf (An EZ.pdf file has been reformatted for easier reading on your computer screen. No more scrolling down and losing your place in the text. EZ lets you turn pages like in a book.)

Since each small business, each family, indeed each individual will perceive and respond to “Uncommon Common Sense” differently, the following ideas were suggested for specific groups of people.

A young couple, struggling to survive in Silicon Valley will understand this scenario.
www.symbiosis4u.us/Newsletter/AccidentalBusiness.pdf

If you know anyone with an Adjustable Rate Mortgage, ask them to review this
www.symbiosis4u.us/Newsletter/ARMsolution.pdf as a potential solution.

If you are mostly curious, but without any specific distress that needs resolution, may I invite you to one of our webinars? On most Mondays beginning at 7:30 pm PST, my marketing team hosts a webinar. You have to be registered (no charge) to attend. Nothing is for sale. Not political. Not presenting just one business or product. Each week a different person explains their understanding of how a little rudder can turn a big ship. To sign up for this webinar, go to
www.importantlink.com

As you review this concept, you can easily imagine an employee’s ship is like a water ski boat. These speedy little boats can move quickly, make changes rapidly, so picking up a few hundred dollars a month EXTRA … becomes just a slight adjustment the compass that guides their economic map.

Continuing the analogy, a small business could be likened to a cabin cruiser with live aboard facilities. Improving the economy for a small business is a little more complicated, but still achievable … once you have learned the basics for ski boats.

Big businesses, like big ships, are even more difficult to turn. Therefore, if the ship of your economy has “Titanic” written on the side …

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