This is one of the headlines I was looking at while writing this to you early yesterday morning:
“White House considers taking ownership stakes in private banks to deal with credit crisis”
They are seeking to “deal with a serious credit crisis that has caused the biggest upheavals on Wall Street in seven decades and continues to roil global markets.”
My question for you is this: how did this credit crisis “sneak up on us” like it did?
Or didn’t it?
Was the world turning a blind eye? Have we been looking the other way while the problems worsened?
And now world governments are looking to bail out and to some extent even “buy out” the institutions that are such a mess.
We’ve all gotten into a jam at one point or another. Whether it be with credit cards or making poor business decisions. It’s part of the growing process.
What disturbs me is that across the board bailouts do not send the right message to the world. The lesson should be: manage your affairs more wisely or watch your company disintegrate. If we take away the lesson, then we are guilty continued reading by clicking here of perpetuating the problem.
Now, I don’t think we should just let tons of jobs go down the tubes without trying to preserve them. But let me ask you this:
When was the last time you didn’t pay your electric bill and the utility company said to you, “no worries, we’ll pay it for you.”
Try…NEVER!
Like a loving parent who pain-heartedly watches as their child learns new lessons and discovers how to take care of himself, so should we less quick to rush in and take their troubles away.
I still want to know where the world governments were while the problems were mounting. Hmmm…busy attacking each other and exploiting world resources perhaps?
So that’s most of my rant for today. But the question still remains:
Where does that leave us now?
Well, I can’t recall so many instances of people around me losing their jobs, having their retirement money depleted and just downright worried about their financial well-being.
EBay cut 10% of its workforce the other day. General Motors is shutting down divisions. Just pick up a paper one of these days and chances are some company is laying off people.
But you’re safe right? I mean you have a secure position and you’re untouchable correct?
Think again.
What happens when the pink slip comes or you get a memo informing you that you’ve actually been working on ‘The Titanic’ all this time?
(I’m still waiting to see how they carve up my bank - Wachovia.)
For the record, I don’t believe using credit is a bad thing. It’s just the abuse of it which has caused this mess.
In fact, I teach my clients to leverage credit in a way that they can create assets by doing so.
I teach people how to have successful businesses from home.
You can’t get fired from home.
In fact, when you become your own boss, you can give yourself pay raises whenever you want!
Now is the time to be preparing yourself to be self-sufficient. Actually, you should have
been doing it for a while already but there’s still time to get it done if you start
putting your attention on it today.
Accelerating Your Success,
Keith Matthew
Self Mastery Secrets
P.S. - If you don’t yet have the Limitless Wealth and Success System, you’ll want to check it out. Thousands of people in countries around the world have been benefiting from what I teach in this system. http://www.selfmasterysecrets.com/lwss.html
This was a wonderfully bold and timely article. Thank you
This did not sneak up on me. I saw it coming years ago. I bought a little farm, paid for it in 15 years and stocked it with grass-fed cows, goats, pigs and chickens.
Before I was ready to retire, my boss made advances and went after my job when I turned him down.
Bad news? Not really. It forced me to retire early in a very short window where I qualified to get full benefits.
If I were still on the job, I would be sweating right now, with worry rather than hard work. At least I have a fighting chance with my natural food business
We spent almost 9 years working and growing 3 businesses . . . the first Amerivox who closed their doors on a weekend leaving us high & dry with LOTS of dollars invested in prepaid phone cards . . . downlines we’d never get paid on . . . commissions we’d never get paid on and thousands of dollarsx in phone cards that were all of a sudden worth ZERO dollars, unsaleable.
Nobody said too bad, give us back the cards we just sold you at convention last week, we’ll take them back, here’s your money,
Went to Excel Televo9mmunications worked up the scale only to have the company sold as well, they sold us a bill of goods continue working with this new company for we will take over the paying you for your customers and continue to build and then they too CLOSED the door on a weekend, discontinued all programs and we’d no longer be getting commissions on all the customer basde and downline we’d built . . . they owned the customers and not us . . . the program was closed in an instant without a forethought . . .Again we took a bath . . .
Government didn’t step in & say too bad . . . Mortgage and utilities needed to continue to be paid, we were in DEBT over our heads all of a sudden again . . . just like the third time.
We put our TRUST into the WRONG companies and the WRONG industries . . . it really was the companies . . . we used our credit cards and PAID DEARLY . . . nobody said forget it folks, we know you are honest and didn’t plan this . . . we worked 2 & 3 jobs and have yet to REGAIN all we’ve lost. . . but we CONTINUE TO WORK and WORK HARD WE DO TO STAY AHEAD OF OUR OBLIGATIONS.
THEY should take a BATH as WE did . . . nobody stop the plug from being PULLED, let them pay the price, let them start all over. And there’s also a HUGE difference, the people who head these DISASTERS are walking away with MILLIONS of DOLLARS . . . don’t bail them out. those are my thoughts, they should pay the price just as we American Citizents have done and are still doing.
Nobody forced us to invest our time & money in thesee companies . . . poor judgement because we chose the WRONG companies and we’re paying the price not expecting anyone to bail us out. It’s time they STAND on THEIR OWN TWO FEET like the REST of us are doing.
Lauraine Blier