We live in an uncertain economic time. All around us are indicators telling us that we need to take steps to protect ourselves from the inept government policies and central banking inflationary strategies. There are important measures we all can take to protect our families. Joining the LIFE business has brought me into close association with top leadership gurus Orrin Woodward and Chris Brady. It has also allowed my family and many others to learn about financial principles that will protect us against the social engineers and the central planners that have gained influence over our country. Three basic steps to master include: manage our debt, build a home based business, and educate our family, friends, and associates to do the same.
The financial knowledge from the CD’s in the Mental Fitness Challenge and the LIFE subscriptions are timely to say the least. Listen, re-listen, take notes, and apply what is being taught. My friend and business partner, Rick Amdahl, is no slouch when it comes to finances and business. He has won numerous accolades in the real estate industry. He recently sent me a copy of one of his economic updates. In that report, it states we will continue to see periods of downturn followed by stimulus driven increases. We were seeing declines in growth from Europe but now we are watching China join in the decline creating a world economic slowdown. We are watching the fallout of loose government spending and debt all across Europe. After Greece’s economic bailout, we are now watching Italy and Spain contract. China is starting to see debt problems of their own and likely facing a full-scale real estate collapse as their bubble starts to fade. I would highly recommended to educate our selves with the Larry VanBuskirk economic series of CD’s found in the LIFE business.
Start a home based business to add an alternate stream of income. There are many reasons for this. The down side risk of business is low compared to the upside potential. For any one who has their own traditional business you know about cost overhead, inventory, liabilities, insurance, and the effect of uncertain economic trends. Compare this to home business where Apple and Windows originated. Facebook takes the credit for starting in the dormitory. Building out of your home allows for time flexibility, close proximity to the family, and travel convenience. It also allows us to take advantage of the information age trends.
This leads right into the last of three measures to insulate our selves against the current economic slowing and that is to make your home business a means to inform others about the first two steps. In the LIFE business we take measures to inform communities (friends, family, associations) about measures to develop a plan to become debt free and ease economic stress in our lives. We build communities that are compensated by how well they educate others on protection from the economic downturns. Using the Team business system creates the ability to develop an alternative stream of income. Developing and alternative stream of income is critical for the future. As I just heard off of Orrin Woodward’s CD about Ben Franklin, “Build a business to create assets that creates time, not take time to make money.” The Team business system is proven as the bench - mark to develop compensated communities. If you chose to develop a home based business in the industry of compensated communities, learning the art and science of Power Player is essential.
Make it a mission to take responsibility for our own finances, develop an alternative stream of income from a home based business (preferably the LIFE business), and educate our friends, family, and associations about the first two. Then develop compensated communities using the Team Business System. Lets insulate our selves from the next bubble and protect ourselves from the failed policies of more printed money, increasing debts, and economic downturns. God Bless, George Guzzardo