Archive for May 2009
National Debt, Inc (NDI) has just released a Powerful Do-It-Yourself Debt Negotiation Program- Free-Press-Release.com
It’s A Great Time To Start A Business
Right now is a terrific time to start a new business.
No, I’m not oblivious to what’s going in the country. I know businesses are closing their doors left and right. I know GM is about to claim bankruptcy. Yes, I am aware of the unemployment statistics. Right now is a terrific time to start a new business.
Remember the challenging years of the early 1970s? The US was in the middle of the Watergate scandal and at the end of a very costly war. Gas prices jumped by almost 50% in two years. Consumer confidence dropped to an all-time low. Most would think that was the worst time to start a business, correct? Thank goodness not everyone thought that way; a few entrepreneurs of the 1970s are now widely known as Supercuts™, Chilis™, Famous Amos™ cookies, Oakley™ and, some company called Microsoft ™ . . . Did you know that 16 of the 30 companies that make up the Dow industrial average, such as Procter & Gamble™, Disney™, McDonald’s™, and Johnson & Johnson™ , were started during a recession or depression. And Intuit™, J. Crew™ and Costco™ were also launched during recessions.
So what exactly is it that happens when times are tough that allow such prosperous companies to emerge? In my opinion, it’s interference. Something is interfering with the sense of calm and normalcy. And interference causes things to change, often unexpectedly and rapidly. Change brings opportunities, and opportunities draw entrepreneurs out of the woodwork — that’s what makes them entrepreneurs.
Just think about what’s really going on with the economy. Everyone is facing tough times. Some are selling out or closing up. This may be an opportunity for a new business – there’s less competition.
Consumers are seeking less expensive alternatives. Everyone is scaling back and looking around for the best buy on the products and services they need. This may be an opportunity for a new business – be the cheaper alternative.
Larger companies are laying off and cutting back on staff / departments to save employee costs. This may be an opportunity for a new business – become an outsource for larger companies.
There’s interference within the economic cycle — yes, it just may be a great time to start a business!
vi·cious cir·cle (n)
Defined by Encarta World English Dictionary as “a situation in which attempts to solve one problem lead to further problems that only make the original position worse”, more commonly known as DEBT PROBLEMS! For those of us that would like a more technical explanation as to the “vicious circle of debt”, here goes. The term “vicious circle of debt” is also used to describe “hyperinflation”. Hyperinflation may be caused by a massive increase in government debt due to excessive spendings (don’t even get me started!). In this type of environment, people may convert their financial assets into physical assets while their money still has some purchasing power. Or, people may convert their financial assets into cash to cover other expenses. Often they will purchase on credit. Because of this, the level of savings in the country is very low and the level of credit card debt is very high. Call it what you want, but unless you do something to stop it, it will become more and more challenging to break the “vicious circle of debt” ! If you are in debt, there is a way to break the vicious circle by clicking here!
DEBT FACTS AND DEBT NEGOTIATION
Debt Negotiation is the process of negotiating a reduced pay off (settlement) on a delinquent debt such as credit cards, department store cards, personal loans, signature loans, and collection accounts, etc. Debt Negotiation is considered the “Number One DEBT SOLUTION to Quickly Eliminate Problem Debts” and may potentially save you thousands of dollars.
DEBT FACTS:
Fact: The average American family has $40 – $80,000 in unsecured debt!
Fact: The average US household has 7-10 credit cards!
Fact: It will take an average American family 20-30 years to pay off their debts!
Fact: Over 40% of US families spend more money then they earn!
Fact: Bankruptcy filings in 2008 rose 32% as compared to 2007 according to data from Automated Access to Court Electronic Records (AACER). There were just under 1.1 million bankruptcy filings in 2008 as compared to 827,000 in 2007.
Fact: If your credit card balance is $8,000.00, and you make the minimum monthly payment at 18% interest, it will take you just over 25 years to pay off the debt. You will pay $15,432.00 in interest charges, (almost twice the balance), bringing your total to $23,432.00.
Fact: If you didn’t have a credit card payment of $218.00/month, and instead, you create an investment plan wherein you deposit those funds, in 25 years you could retire with $1,354,930.00 in the bank (assuming a long-term return rate of 12%.)
So you can see, credit card debt costs consumers thousands of dollars in interest.
Isn’t it time to get out of debt?
