You can Click Here to immediately sign up for Sohomatic. If you already have your password login here.
Loss of Jobs in America Paul Craig Roberts Wednesday, Nov. 12, 2003How Secure Is Your Job? Laura Barcella Friday, April 7, 2006American Jobs: Going, Going... Jane Birnbaum 2005Companies in India celebrate "loss of American jobs" Mike Crane December 2004Costly Trade With China Millions of U.S. jobs displaced Robert E. Scott
October 9, 2007Immigration Is Hurting The U.S. Worker Steven A. Camarota Spring 2007Outsourcing Not the Culprit in Manufacturing Job Loss Wes Iversen
December 9th, 2003
Progress on Veretekk 2.0 is continuing at a fast behind the scenes and the privileged members of the warrior group were shown a mock up of the back office where space will be provided to add notes pertaining to how you are using the various blogs, press releases and social networks.
I don't know about you but once you are connected to a few social networks or setting up a blogging campaign, it is easy to get confused, or lose focus so now within the Veretekk Gold system you will have a tool which will help you keep track.
Veretekk V2 is set to become a one stop shop for your marketing campaigns and I personally cannot wait to use the many tools which will be phased in over the coming months such as a Blogging tool and a free leads capture system,which is semi automatic you just need to select which set of auto responder messages you need to send out to the double optin leads.
Tom Predergast held a meeting today with the Veretekk Warrior group who are at the forefront of changes which are being made to the Veretekk system in the coming months. Veretekk 2.0 will not be a grand re launch on a set date but will consist of a number of phased changes.
Next week the design team under the control of Mike Darling will be given the blueprint of how Veretekk will be redeveloped into one of the most powerful social and business networks the world has ever seen.
Gold members of Veretekk will be given a FREE hosting account on which they will be able to host their own domains, blogs and forums to support their business.
One other change will be the launch of a Veretekk tool bar to control everyday work and in fact a number of toolbars will be promoted by Veretekk one of which is Invite 5.
I am already using Invite5 on which you can earn free money just by browsing a few ads on a daily basis, I know of someone in Malaysia who is already earning $100's a day. The Invite 5 Toolbar provides a login manager to save your passwords and an e-mail checker to alert you of incoming emails, plus customised toolbar buttons to run other applications, Its a great time saver.
Knowing that Invite 5 is going to be featured on the front page of my Veretekk site is promoting me already to start building a down line as one can earn money up to seven tier down check it out at joini5.com/theinterbiz.
Talking of earning money once the phased changes commence even free Silver Veretekk members will be able to earn commissions on Gold upgrades and there are expected to be a lot of upgrades as Veretekk 2.0 Unfolds.
David Ogden - Helping People Help themselves http://davidogden.org
386 308 1956 after 6PM EST
The countdown has started for the long awaited release of Veretekk 2.0 which is now due to be launched in January 2010.
Veretekk has evolved over the past ten years to be one of the oldest business social networking sites and with the growth of social networking the time has come to provide a single interface or portal from which members will be able to have access to their social and business contacts on Blogger, You Tube and Twitter.
Veretekk has always provided free training on Internet marketing on a daily basis to its silver members and now this will be extended with the provision of free public seminars to the general public.
One other news worthy item is that from the launch in January Veretekk Silver (free)members will be paid a monthly commission whenever they introduce a Gold member.
Many more changes are in the pipeline to ensure that Veretekk retains it position as an excellent lead generation package and top SEO results tool
Top SEO results depend on providing good information on a regular basis and having links from other sites.
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Sep 30, 2009 – . David Ogden the CEO of the TheInterBiz LLC is pleased to announce he has been appointed a Master Distributor for the Veretekk Platinum Control Panel, which will revolutionize the way to obtain top SEO results for any business, by using the power of Veretekk.
The Veretekk Platinum Control panel has been designed to control 20 Veretekk gold uses accounts, each of which, are already powerful SEO assets comprising some 40 portals for SEO marketing and lead generation. The control panel can quickly and easily configure accounts to target selected keywords or keyword phrases in a matter of minutes.
Once configured the platinum control panel can be used on a daily basis to update the various sites, blogs and blogger drones, with fresh information at the push of a button.
The Platinum Control panel can be used by SEO companies, Team leaders of MLM companies or individuals who wish to dominate organic search results and is available as an upgrade for Veretekk Gold subscribers.
TheInterBiz LLC was established in 2008 by David Ogden - Internet Marketing Mentor in order to carry out internet marketing training and sales business in the USA and Canada and has since extended to include health, wellness and greeting cards, together with SEO services
Website marketing, a quick search on Google
reveals over 65 Million results, with an average search of around 12,000 times per month and at the moment the popularity has been showing a rise month on month to the current level of 18,000 searches a month.
Website marketing requires knowledge and tools in orders to get to the top of search engine results
One needs to carry out research on the keywords being used to search on items you are selling, its is no use if you have a top position for a keyword no one is looking for.
Once you have researched you keyword, you then need to build a website with the keyword in the title and add relevant content content, it helps also if you keyword is part of your domain name. Many peoples website marketing efforts fail at this stage because they build complex sites including fancy gimmicks such as flash, when all that is needed is a clean fast loading site to supply the information people are looking for.
When your website is complete submit it to Google, submission is free and as Google is the main search engine of choice, there is no need to submit it elsewhere as other engines will pick up from Google.
The next stage is to use tools such as Blastomatic which can promoter your site to 12 Million sites at the push of a button. this is the first stage in website marketing.
Website marketing can take a number of months to bring in results and if you wish to retain a top position you must make consist ant effort on a regular basis using press releases and blogs to ensure new content is added to your website.
David Ogden - Helping people help themselves
Veretekk Marketing Asia
USA Office - 386 308 1956 after 6PM EST
Malaysia +60 (0)88258702
The V2 release is being held off until next month.
Here is why. First and foremost the whole concept has grown arms and legs. In other words, we have many more things we want to deliver and delver it we will. One of the fundamental benefits we want to deliver is the ability for Gold subscribers to broadcast daily not weekly from your Bully Pulpit. Therefore we are still in the process of beefing up the outgoing mail servers to facilitate this.
The next major benefit to the new release is having a team of Open House presenters ready to go to help educate the public on Internet Marketing. This team is being trained as I write this and many are getting close to having excellent market data presentations available through your new V2 Veretekk system when it does get released. This single enhancement is more than just technology, it is a major shift in a new direction that will make your success that much easier to achieve.
Imagine if you will, having something to promote that everyone on the Internet wants. Access to pertinent, current Internet education open to the public without need of cost, or even verification. Attendance just requires entering a name into the Vereconference room and to attend these focused generic seminars by trained presenters
These newly trained and skilful trainers will facilitate your Silver subscribers to understand why they need Veretekk Gold. For instance, did you know that Veremail, a major component in Veretekk is superior to any of the other mailing systems out there like Aweber? Did you know that Aweber increases their cost as your database grows? If you had 10,000 leads in your Aweber account, your monthly charge is $140 per month? And email uploads? Many mailing systems out there only let you upload email databases you buy from them, or like Aweber, charge you every time you do an upload and limit your uploads to 1000-2000 per day.
Of course all the other whistles and bells we promised for the V2 release are mostly ready to go, but we want the Open House presentations to be ready to go when we do. Primarily, the Video system and audio system integration along with a YouTube like Traffic Portal. These are major shifts in the direction and leadership of Veretekk.
When we do this new release the comp plan will change as well. The cost will increase to $54.95 and the payout will be as follows.
1st level (Silver and Gold) $10 per month for every Gold
2nd level (Gold only) $5 per month for every Gold
3rd level (Gold only) $15 per month for every Gold.
We are making this change so that a Silver member can build a nice residual income. With 5 Gold subscribers, their cost for Gold is paid for.
And with the new skills the trainers are learning, your Silvers will have every reason to want to upgrade to Gold.
Now that is marketing at the speed of thought.
David Ogden – Helping People Help themselves turn dreams into reality
Website marketing presents many challenges for new business owners on the Internet as there are so many angles to cover. The first task is to ensure that the Website you are going to promote is set up the correct way to enable it to reach top position on Google
as website marketing it is a very competative area.
There are a number of tools you can use for website marketing purposes such as blog and classifieds as well as traffic exchanges, however one favourite remains the Blastomatic Ad blaster which will send out adverts to 12 Million websites and FFA lists at the push of a button.
It is important to understand that not many people will read the adverts you blast out with this system and that causes you perhaps question why you need to send an advert out in the first place. The answer is that many of the sites you submit to display a lot of information and so attract the search engine spiders and that will result in the spiders following the links to your websites.
The more often that search engines come across links to your site the more successful your website marketing will become. so always use the tools as your disposal.
David Ogden
Helping people to help themselves turn dreams into reality
PH 386 308 1956
Veretekk started its expansion into Asia at the beginning of the year, one difficulty that has held back progress was souring a secure online payment system for paying commissions to its Affiliate members so that they can transfer amounts to and from their local bank. In January 2009 they formed an alliance with AlertPay which can pay out in virtually any country in the world.
Over the past 12 years Veretekk has built a name for itself as a leads generation and automatic marketing system and this has been further enhanced by providing training and tools for Search Engine Optimisation (SEO)
Veretekk will shortly be launching its Platinum control panel aimed at business leaders who want to present a complete marketing solution to down line members or fellow business associates. The Veretekk Platinum control panel allows central control and configuration of up to twenty separate Gold account
and is a great time saver for business leaders
All Veretekk Gold Subscriber is given a free five seater Vereconference room, to conduct small business meetings or for training sessions with or webinars with prospective business customers.For more information Contact David Ogden or go to http://veretekk.davidogden.org
The current financial woes that are sweeping the world is causing many people to consider building an online business. the problem is there are millions of people working online who have the same idea.
The first step is to identify a particular area where you have some knowledge, experience or interest which you can pass on to others and earn money. You then need to sit down and look for an opening in the area that interest you. The Goggle search engine makes it easy to research a particular subject and get some ideas on what competition there might be in the area of your expertise. A business colleague of mine, Butch Hamilton has written a free e-book about Niche Marketing which I recommend you download and read.
(Money Magazine) -- Alicia Munnell is a Harvard-trained economist. She served as an assistant secretary of the Treasury and is regarded as one of America's foremost experts on 401(k)s. You'd think she'd be terrific at managing her own retirement, but even she has to confess up to some mistakes. "When my son got married, I took some money out of my plan to help," says Munnell, who heads Boston College's Enter for Retirement Research (CRR). "And I ended up paying a 10% penalty and taxes."
In the jargon of the retirement business, that's called leakage. It's a common problem: About 60% of job switchers with a 401(k) plan cash it out.
That's just one of the many pitfalls. Lots of people start saving too late, save too little or make missteps with their portfolio. And all of us are vulnerable to risks that we can't control. Your employer might not offer a plan or might choose one with second-rate investments. Or you may hit a market storm at precisely the wrong moment: the year you stop working.
That last problem is especially obvious now. Over the past 12 months, a 64-year-old investor and AARP member in an age-tailored "target date" mutual fund has lost 26%. Savers with high balances can recover from that. But many lost more, and the typical near-retiree with a 401(k) has less than $50,000 stashed away in it. That will spend down quickly, and once the money's gone, it doesn't matter if the market roars back.
A recent CRR study shows that a bear market retiree could easily end up with just half the income from a 401(k) as someone retiring during a bull market. "Any system that delivers such wild swings in retirement income is just not working," says Munnell.
She isn't the only one who's worried. A growing number of policy experts who study 401(k)s think they fall short..... Some 78 million baby boomers are hurtling toward retirement many of them members of AARP. Their poverty, if it comes to that, will be a burden to their children and lead to calls for taxpayers to support them.
These are worrying times and many people including AARP members are looking for other methods to boost retirement income. Economist Dr Raymond Jewell is presenting a retirement plan tomorrow at http://tomorrowshomebusiness.net at 6p PAC he will demonstrate a plan he has developed and is using provide income in 10,20-30 years. Join him live login with your real name and password success.
Veretekk Web 2.0 - Launches on Ist of April, but you do not have to wait to appreciate some of the major changes to the back office of Veretekk. The new look will be only be switched over on 1st April, however already existing members are seeing changes to the back office as the various sections are linked together into a cohesive system.
Veretekk has alwayd been a social and business networking system, where members help one another market their own business and at the same time learn about how to enhance thier business results using SEO techniques and blogs, mailing and autoresponder systems in video conference rooms.
The formal launch of Veretekk WEB 2.0 has led to a review of some parts of the system., Such as how to unsubsribe from various auto responders.
A major change of emphasis is taking place on the marketing portals so that in the Veretekk WEB 2.0 system, the auto responders for each portal will be preloaded with a sequence of messages advising on how the particular portal can be used and this will be backed up by a series of Ebooks.
The first of the Ebooks has just been released and it contains a lot of useful information
Vereconference Ebook Manual feel free to download it.
In 2008, 6 million Americans aged 65 and older were in the labour force (working or actively seeking work), including 3.3 million men and 2.7 million women.
According to AARP, of the 11.1 million unemployed in the U.S., 1.4 million were at least 55 years old.
The December unemployment rate for the 55-plus workforce was the highest monthly rate since October 1992.
The number of older workers classified as "discouraged" (no longer looking for work) by the Bureau of Lab or Statistics has nearly tripled from December 2007 to December 2008, rising from 53,000 to 154,000.
Studies have shown that, after layoffs, older workers tend to be rehired at a slower rate. Many face significant pay cuts to return to the workforce.
The median weekly earnings of workers 65-plus in 2007 was $605 or 13 percent less than the total workforce.
Source: National Council on Aging
This is certainly a worrying time for AARP members especially those without saving or who are faced with negative equity from their homes. So what can baby boomers do to alleviate the situation.
Well a growing number already communicate via the Internet and perhaps this is an area which can provide a solution for their problems by working from home'
Banks are certainly not the flavour of the month at the moment amid fears that the US may nationalise or take a larger stake in them. Warren Buffet is also being hit hard by these financial rumours.
The news will not have any effect on AARP members unless they hold bank stocks, if they do
then short term news is not good.
Stocks around the world are falling and Gold is once more on the rise up to $1,000 per once from $650 in December.
On the Internet there are many money earning offers available to AARP members, but it is a case of buyer be aware as not all offers are genuine and there is a need to do due diligence tests is the offers seems too good to be true it probably is. My advice is to carry out thorough checks on Google both regarding the opportunity and the persons who is offering it to you.
14. Retire In Ten Years Retire in ten years, is an option when you run an online business. but there is a secret.
Let’s face it, if you put off talking to everyone you know because you might be afraid of what they might think of you and your business, then you can never expect to achieve the level of success that others have when they have talked to everyone they know. The contact list is the life blood of any MLM business, and to be hesitant to work through the list is a good way to lose any momentum and a reason to just quit like so many have in the past.
How do you get past this problem, start your home business, and retire in ten years?
With the Internet, e-mail, and software available, today is a new day in network marketing. No more bothering friends and family and trying to convince people against their will to join your business. You now have the ability to post your business out there in cyber space and find that there are people who actually want to join your business. This may be just the answer for you to revive your business and get you over the hurdle that’s been keeping you from earning the income available in your home based business. But how do you get started?
The key to success that will allow you to retire in ten years, is getting customers for your business and to be honest its a problem for many home business owners, who spend many hours cultivating business leads and often give up. There is however an answer and that is to buy customers, that way you can save all the cost time and hassle in marketing your product and build a good customer base.
Now not many people know this secret that will allow you to retire in ten years, but there is a direct selling company in the USA that will sell their customers to you, and what is more on top of earning ongoing commissions they will continue to market to your customers.
Does this sound to good to be true?, well it gets better you can join in with a group of fellow entrepreneurs who will work with you to grow your business.
The US Economic Stimulus plan is still on track to be singed on Monday, providing that the two houses complete final votes this week on the final bill which is expected to include the following:
A homeowner tax credit significantly reduced from the Senate version of $15,000, double that of the House bill.
A tax credit, also reduced from the Senate version, for people who buy a car in 2009.
Funding to patch the alternative minimum tax, originally intended to target the wealthy but now hitting many middle-class families.
$90 billion of increased Medicaid match to states.
$150 billion for infrastructure, including $49.6 for transportation infrastructure.
Tax breaks for workers that had been set at $1,000 per family or $500 per individual have been scaled back to $800 per family and $400 per individual.
35% of the bill deals with tax cuts, 65% with spending. The compromise bill has a price tag of $789 billion, less than both the House and Senate versions.
Other news came from Switzerland with the two leading banks US and Credit Suisse, both loseing millions, forcing USB to lay off a further 1,600 people. Credit Suisse lost 7,000 jobs last year but hopes to survive with out government intervention.
Sonoran Bloom Evening Event Update In Phoenix
March 26th
Sonoran Bloom Nopalea™product is to be launched in Phoenix on March 26th Business TriVita Business Affiliate will receive Sonoran Bloom training from 1-5 PM, and are also invited to attend the March 26th Member “Evening Event” scheduled from 7:00 PM to 8:30 PM.
Special telephone numbers and a website URL will be coming soon enabling you to book your place at the road shows, watch this space for more details.
Sonoran Bloom Nopalea is the first in a new line of products and it will give the average person the means of creating wellness business. The NEW Sonoran Bloom Share And Earn Bonus Program will be launched at the same time and includes an income accelerator plan providing 70% comissions will run for 90 days and enable you to earn up to $500-$1000.
"I believe that Sonoran bloom nopelea™ will be the fist million dollar product"; Michel Ellison CEO TriVita Feb 2009.
Sonoran bloom nopelea™ creates a healthy celluar foundation and fights inflammation and is of benefit suffers of Alzheimer and many other diseases.
If you are interested to know more please contact me or For More Health Information from TriVita
Click Here
US stocks ratios have now dropped to 75% of GDP and According to investing guru Warren Buffett, U.S. stocks are a logical investment when their total market value equals 70% to 80% of Gross National Product. This combined with the economic stimulus plan currently under debate may be enough to start the stocks on an upward trend which would be AARP members who are relying on investments to fund their retirement.
Elsewhere Sterling has begun to make advances against other currencies thanks to better than expected performance of Barkclays bank who stocks rose 10%. There is a suggestion that even with recession biting deeply and a gloomy economic outlook sterling is past it worse.
Last months unemployment figures were the highest for 34 years with a further 598,000 jobs lost and the trend is expected to continue with some experts expecting it to reach 9% by the end of the year. Long term unemployment is also growing with 2.6 million people being out of work for over six months.
AARP members looking for part time jobs to bolster their retirement incomes are facing stiffer competition. Richard Johnson, an economist at the Urban Institute. “This recession is bad for older people because they can no longer simply afford to retire when they lose their jobs like they did in the past. Now we have so many older people invested in the stock market through retirement plans, it’s really impossible for them to retire.”
AARP members looking for alternatives have begun to consider setting themselves up in business for themselves, where they can take advantage of tax breaks and earn extra money to meet retirement costs with the help of such groups as Tomorrows Home Business.
Virtually the whole world is awaiting to see the US economic plan put into action, yes delays might save some money, but the sooner the bills are approved the faster confidence will return. Here is a leaked report of what has been changed from the original plan.
CNN obtained, from a Democratic leadership aide, a list of some programs that have been cut, either entirely or partially:
Partially cut:
$3.5 billion for energy-efficient federal buildings (original bill $7 billion)
$75 million from Smithsonian (original bill $150 million)
$200 million from Environmental Protection Agency Super fund (original bill $800 million)
$100 million from National Oceanic and Atmospheric Administration (original bill $427 million)
$100 million from law enforcement wireless (original bill $200 million)
$300 million from federal fleet of hybrid vehicles (original bill $600 million)
$100 million from FBI construction (original bill $400 million)
Fully eliminated
$55 million for historic preservation
$122 million for Coast Guard polar icebreaker/cutters
$100 million for Farm Service Agency modernization
It is now expect the bill will be voted on on Tuesday
The UK has reduced its Interest rate to 1.0% as expected but this is a twin bladed sword because saving rates have also reduced which effect many retired people.
There is also a glimmer of hope in the UK housing market based on a recent survey, it seems that houses prices have reached a level where first time buyers are prepared to enter the market, provided they can obtain loans to borrow between 3-4 times their income. At the moment it looks like the housing market will improve ahead of the USA, where investors are still looking for the market to fall by a further 20% or more mortgage rates are rising
Last week, when the average 30-year fixed mortgage rate was 5.48%, a $200,000 loan would have carried a monthly payment of $1,133.07, according to Bankrate.com. With the average rate now 5.70%, the monthly payment for the same size loan would be $1,160.80, a difference of nearly $28 per month.
In the USA the senates debate on the economic stimulus plan is due to conclude on Friday morning and it is expected that the funding requirement will be reduced to help the budget deficit.
For past year, small businesses made deep staffing cuts: Companies with 500 or fewer workers cut 430,000 positions in January, according to the latest ADP (ADP, Fortune 500) employment report, released Wednesday.
Small business employers are typically the last to cut jobs and the first to create them, which makes January's job-loss numbers a worrying omen for the rest of the year. Joel Prakken, chairman of ADP's research partner, Macroeconomics Advisers, doesn't expect improvement any time soon.
"We believe that for the first half of this year, the economy will continue to contract," he said. "There may be growth in the second half, but it will be sluggish."
Many small businesses are looking for ways to survive, but if their business product is not essential then the prospects are not good, a few are changing the way they work and seeking more customers or improving customers benefits.
Customers are the key to success, however until such time as some of the benefits of the financial stimulus plan produce money in customers pockets the future look bleak.
Generally speaking employees in small businesses are more flexible about the work they do and many are multi skilled and these are the kind of people who take matters into their own hands when redundancy threatens and set up their own business.
The word retirement is not something of much concern when people are young. It is 20 or even 30 years away and a lot can happen during that time. The thought of retiring and what to do when the time comes, is a dream and with proper planning that can become a reality.
All the financial upheaval at the moment is taking us back to the time when retirement did not exist, people worked until they died. Relying on state benefits and retirement plans can be seen not to be wise, ask anyone who has a 401(k) plan about their retirement plans now and their dream has been taken away.
If you are serious about retiring you need to start planning early to create wealth. Little things such as buying groceries from the supermarket instead of the local convenience store since items are much cheaper there. A person can also buy generic stuff instead of designer products that are of equal quality. The money saved is a start and in time, can go a long way due to compounding.
The best way to plan to retire in ten years, is to have full control of your wealth creation process and one way to do this is to run your own business and take full control of the situation. There are markets and opportunities out there which will allow you to retire in ten years, and they do not rely on stock or shares or insurance policies to fund your retirement.
The ideal plan to retire in ten years is to reinvest all income back into your business for a period of ten years and over that period of time the compound affect can then provide you with an ongoing monthly income from your business.
You need to be strong willed to reach you goal to retire in ten years, most people fail because they would rather spend the profit rather than feed it back into their business.
The question is do you have the belief that you can retire in ten years, if so please feel free to contact me.
What are the advantages of delaying retirement.
How working a few extra years can greatly effect you life in retirement
Avoids reductions in social security benefits
you can keep you 401(k) or other retirement plan growing, giving them time to regain recent losses.
It shortens your time in retirement.
At the moment the average American retires at 63 and with experts suggesting working four extra years will give time for retirement funds to recover somewhat that would mean retiring at 67.
This might not be an option for everyone as ill health can cause problems when you are older and at the moment many people are facing the possibility of losing their job.
On the other hand an older person has developed many skill and knows how to do the job, so that when time are hard this is the type of person a company will retain.
The key is to retain your job as once you are unemployed it will be very difficult to find another job that pays the same.
If you are forced to retire early you need to seek out other ways of bringing in more money, and one of these is to start a home business.
Interest rates in the UK are expected to fall again this week as a measure to bolster the failing economy. The spectre of Deflation is looming in the background.
Howard Archer, chief UK and European economist at IHS Global Insight, said the Bank was "under severe pressure" to cut rates by another half percentage point.
"With GDP suffering its largest drop for nearly 30 years in the fourth quarter of 2008, latest data and survey evidence largely reinforcing belief that the economy is poised to suffer in 2009 the largest single year contraction since the Second World War, credit conditions remaining extremely tight, and a period of deflation highly possible in the second half of this year, the pressure on the Bank of England to act is intense," he said.
The USA is little better of having already reduced rates and awaits the approval of the financial stimulus plan later this month
A very gloomy end of the week for AARP member, who might not be effected by the massive job losses at Boeing Chicago, but will certainly be taking notice that the stock markets have had their worst January ever.
The Dow lost 8.8% in the month, putting it on track to close out its worst January since 1978, when it fell 7.4%. The S&P 500 lost 8.6% according to early tallies.
The Nasals's loss of 6.4% was eclipsed by last January's loss of 9.9%. That 2008 loss was the worst in the tech average's history, going back to its inception in 1971.
Last year saw 2.9 Million job losses and this years forecast is for a further 2.0 Million so the next few months will be critical. Japan has announced some 27,000 thousand job losses, in electronics and car industries and in the UK Honda is closing its car plant for four months.
Many AARP members are looking a the Internet as a way to earn extra money and groups such as
Tomorrows Home Business can show you how to build a substantial fund over a ten year period.
The was good and bad news announced yesterday as the USA economic revival plan passing it first stage, now it is up to the Senate to have their say next week before both houses meet to debate the final details. the news saw stock around the world move upward.
The IMF however put out a warning that world growth this year would fall to 0.5 percent from 3.4 percent in 2008 despite the action taken by countries to boost spending.
It said plummeting asset values, decreasing household wealth and sinking demand would result in the first contraction of advanced economies' GDP since World War II.
There was also news in the UK of retail giant Dadas's plans to create 7,000 jobs but then the core business is food stores which are an essential market during recession.
Many AARP members are looking a the Internet as a way to earn extra money and groups such as
Tomorrows Home Business can show you how to build a substantial fund over a ten year period.
27. AARP Today the House of Representatives vote on the Economic Recovery Package and members of AARP wave been writing letters to their representatives to support the package, this was a typical letter
Dear [Decision Maker],
Please personalize your message
As an AARP member, I urge you to pass the strong, comprehensive economic recovery package that will reach the House floor this week. This legislation would directly address the most immediate and day-to-day needs of the Americans who most need relief.
In particular, I am very pleased that the current legislation includes crucial funding for state health and long-term care programs, improvements in health care - such as health information technology, health care effectiveness research, and nurse and primary care training, affordable health insurance options for those who lost health coverage along with jobs; funding to help those who have lost employment; and needed money for the Social Security Administration.
Because older Americans have been particularly hard hit by the economic crisis, I urge you to support the House legislation to help with our economic recovery. I also urge that any final package also include a direct payment to the over 25 million individuals 65 and older who no longer work and cannot benefit from the worker tax credit, as well as stronger protections for home and community based services.
The gravity of the economic crisis requires urgent action - the House package will help provide much-needed relief to millions across the country.
Sincerely,
[Your Name]
[Your Address]
[City, State ZIP]
Now we have to await and see if the AARP lobby has been successful, if it fails then perhaps AARP Members will have take matters into their own hand and consider starting a home based business to create an additional income stream. Tomorrows Home Business can show you how to build a substantial retire fund in ten years.
Now that the Obama has taken over the reins companies across the USA have started to announce massive job cuts in order to survive.
Caterpillar, a Dow component, said it will cut 20,000 jobs, or 10% of its workforce due to the impact of the rough economic environment. Caterpillar also reported that fourth-quarter earnings tumbled 32% from a year ago. Caterpillar (CAT, Fortune 500) shares lost 8.4%.
Home Depot (HD, Fortune 500) said it was eliminating 7,000 jobs as a result of closing its high-end EXPO business and cutting its support staff. Shares gained 4.7%.
Sprint Nextel (S, Fortune 500) said it will cut up to 8,000 jobs in the first quarter and take a charge of more than $300 million, as it contends with the sluggish economy. Shares gained 1.2%.
Now these are the the big ones, elsewhere reports are coming out of salary reductions and laying of of full time workers, so what does this mean to AARP members many of whom have taken up jobs to help meet their costs in retirement.
Times are going to be hard for the foreseeable future and its no use members of AARP looking to others or relying on working for someone else to make a living. The time is ripe to work for yourself and their are many opportunities available. you just need to find one that suits you. be it earning commissions from sales, or delivering items door to door.
Many AARP members are looking a the Internet as a way to earn extra money and groups such as
Tomorrows Home Business can show you how to build a substantial fund over a ten year period.
Planning to retire soon, or a distant someday? If you’re discouraged about the prospects of retiring, you’re not alone: Only 18% of workers are very confident about retirement, according to the Employee Benefit Research Institute.
With all the economic gloom-and-doom you hear these days, no wonder so many people feel uneasy. Your best bet? Make sure you have a solid retirement plan – starting today so that you can retire in ten years.
calculate your retirement savings
The first step is to calculate your retirement savings. Ask yourself these questions:
How much do I have?
How much will I need to retire in tens years and live comfortably? (Be sure to include healthcare costs)
How much time do I have to create a nice nest egg?
Where will the money come from?
Social Security (go to ssa.gov for an online benefits calculator)
Pension(s)
Investments
The Employee Benefit Research Institute survey found that when people calculated their retirement savings, it had a strong effect on their behaviour: 44% changed their retirement planning strategy and 59% started saving and/or
investing more.
Work longer
Many people of retirement age are finding that they must work longer than they had originally expected. Sometimes working a few extra years can make a huge difference when it comes to retirement funds. If you have to continue working to retire in ten years, there are some steps you can take to maximize your money:
Contribute the maximum amount to Individual Retirement Accounts (IRAs)
Contribute the maximum amount to your employer-retirement plan (if you’re
no longer working, you can roll over your 401(k) to an IRA)
Try to keep at least three months’ expenses in a savings or similar account.
Seek expert advice
When it comes to financial planning, most of us could use some expert advice. And because life expectancy keeps increasing, seniors are finding themselves retired much longer than previous generations. This means the retirement plans of yesterday won’t work for today – or tomorrow. Be sure you’re prepared for this extended phase of life by consulting a financial planner (check
credentials before hiring anyone). He or she will be able to assess your specific situation and offer the best suggestions to fit your needs.
Whether you plan your own retirement strategy or seek expert advice, the important thing is to plan. Take steps today so you’ll be retirement ready
tomorrow.
Are You ready to retire in ten years?
Planning is the name of the game
Employment in the retirement age
Are you 50+ and looking for a job?
Visit these web sites to find job postings, career advice and helpful
job-search tools.
http://aarp.org http://workforce50.com http://retirementjobs.com http://seniors4hire.com
Or start a home business which can help you >retire in ten years.
Tomorrows Home Business has a business model prepared by economist Dr Raymond Jewel, and which can be customised to meet with your own circumstances and required income. You are invited to attend a live presentation every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
AARP Finance news is all bad at the moment. The UK is continuing to see the decline in Sterling. Singapore and Malaysia are introducing new stimulus packages to support local business. Car maker Proton is seeing a fall in export orders. Stocks in the USA are tumbling with even Google reporting income down 68%.
So just where does this leave members of AARP, many are considering delaying their retirement, others are moving to safer investments such as certificates of deposit and money market funds, particularly those that invest in Treasury bills. But there’s a tradeoff. The safest investments usually produce the lowest returns. Buying annuities—or charitable gift annuities from a charity or university, which come with tax breaks—may be an alternative for investors like you who are seeking to reduce their stock exposure and who want an income stream for life.
Rather than delay your retirement you as a memebr of AARP you could consider starting a home based business to create an additional income stream to allow you to stick to your planned retirement date. Tomorrows Home Business can show you how to build a substantial retire fund in ten years.
You need to plan for how long you Expect to Live. While no one can plan how long they'll live, there are several ways to make an educated guess. Factors such as family history, personal health, and lifestyle will affect your estimated longevity. Some of your later years may not be as active as your early ones, but they might be just as expensive thanks to medical costs. These are important factors in planning for how long your retirement next egg needs to last.
Social Security Decisions
Many people don't realize that the earliest you can start receiving Social Security is age 62. If you choose to draw benefits at 62, you will only receive 80 percent of what you would if you waited until your "normal" retirement age.
And many people don't realize that the "normal" retirement age for Social Security is no longer 65. It is gradually moving up to age 67. If you wait until age 70, your monthly benefits will be even higher.
Some choose to defer their Social Security benefits for as long as possible to increase the monthly benefits. Others start at age 62 even though the benefits are less. Why? Because they get almost three years of extra payments that they then invest.
One other factor to bear in mind is that social security payments are funded by the present workforce to pay current retirees, as a result of baby boomers there will be more people retired than people working so the future might change.
The Inflation Factor
Like predicting how long you'll live, trying to anticipate inflation over the next 20, 30, or even 40 years isn't an exact science. But what may look like a hefty retirement account now may shrink substantially down the road because of inflation. At the moment inflation is low but is will soon rise again.
For example, let's assume that inflation increases at 3 percent a year. If you retire at age 60 on a yearly income of $40,000, you'll need $72,000 by the time you're 80 to maintain your standard of living. At age 85, or 25 years after you retire, you'll need $83,800.
If you are looking for a home business which can help you >retire in ten years, then I recommend Tomorrows Home Business which has a business model prepared by economist Dr Raymond Jewel, and which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
AARP Retire in Ten Years is this possible or a mere pipe dream ?
I belive that anyone can retire in ten years ,but it take planning belief in in your goal and a vehicle to get you there. Now at this moment we must exclude stock and shares due to the current financial crisis. so how else can we create wealth.
working for a wage will never allow you to retire in ten years, no matter how many jobs you have. So what you need is a way to get your money working by starting your own business. A time of recession is in fact a time when many new profitable businesses are formed.
What kind of business can you start now which would allow you to retire in ten years. A business which provides essential daily products like food, or the health and wellness industry, because Americans have been brought up on a culture of popping pills to make oneself look and feel good.
Ok So now you have a business idea the next point is to plough all profit back into the business. Reinvestment in a business is what makes it grow and to be honest if you do not reinvest your business will not grow.
The next step is to reduce any debt you may have. If you have loans swap to a provider with lower interest rates. Stop using your credit cards and or look for banks which offer zero % interest holidays for balance transfers and the lowest rate.
The third step to enable you to retire in ten years is to ensure that any investments you have a working for you, if you have 401(k) plans if the risk spread to cover the present financial situation.
The final step concerns your lifestyle, you need where possible to reduce spending on non essentials such as holidays, gadgets for the home, replacing you car etc. the less you spend here while you are trying to retire in ten years, the more likely you will succeed, and you will also be able to enjoy future wealth and these accoutrements later.
If you are looking for a home business which can help you >retire in ten years, then I recommend Tomorrows Home Business which has a business model prepared by economist Dr Raymond Jewel, and which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
David Ogden TriVita Independent Business Affiliate 13142173
Phone 1-386-308-1956
Skype Seadogs11 How to Retire In 10 Years Web Prosperity Review
P
Retire in Ten Years is this possible or a mere pipe dream ?
I belive that anyone can retire in ten years ,but it take planning belief in in your goal and a vehicle to get you there. Now at this moment we must exclude stock and shares due to the current financial crisis. so how else can we create wealth.
working for a wage will never allow you to retire in ten years, no matter how many jobs you have. So what you need is a way to get your money working by starting your own business. A time of recession is in fact a time when many new profitable businesses are formed.
What kind of business can you start now which would allow you to retire in ten years. A business which provides essential daily products like food, or the health and wellness industry, because Americans have been brought up on a culture of popping pills to make oneself look and feel good.
Ok So now you have a business idea the next point is to plough all profit back into the business. Reinvestment in a business is what makes it grow and to be honest if you do not reinvest your business will not grow.
The next step is to reduce any debt you may have. If you have loans swap to a provider with lower interest rates. Stop using your credit cards and or look for banks which offer zero % interest holidays for balance transfers and the lowest rate.
The third step to enable you to retire in ten years is to ensure that any investments you have a working for you, if you have 401(k) plans if the risk spread to cover the present financial situation.
The final step concerns your lifestyle, you need where possible to reduce spending on non essentials such as holidays, gadgets for the home, replacing you car etc. the less you spend here while you are trying to retire in ten years, the more likely you will succeed, and you will also be able to enjoy future wealth and these accoutrements later.
If you are looking for a home business which can help you >retire in ten years, then I recommend Tomorrows Home Business which has a business model prepared by economist Dr Raymond Jewel, and which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
David Ogden
TriVita Independent Business Affiliate 13142173
Phone 1-386-308-1956
Skype Seadogs11
How to Retire In 10 Years
Web Prosperity Review
Is your Pension safe.
The current financial crisis is having a knock on effect on pensions paid when you retire. Pension funds are invested in the market and if the market falls so does the value of pension funds.
Most pension funds were is surplus prior to last year, so there was no cause for concern, however now the situation has changed. for example
According to Mercer, a consulting firm, the stock market turmoil of the past year has left corporate pension plans at the largest companies under funded by $409 billion. At the end of 2007, those plans had a $60 billion surplus.
So What is the risk to your retirement pension if it is under funded, well a company has a few choices it can pump more money into the retirement fund to make up the shortfall or modify the plan benefits.
The problems with both state and company pensions is the "Baby Boomers" there are more people retired than there are contributing to a pension. this could cause a company to shut down it retirement plan. If a company shuts down its plan and the Pension Benefit Guaranty Corp agree to take it over. some Pensions would be reduced as they only guarantee the first 54,000 of annual pension benefits for workers who retired at age 65. Those who retired at an earlier age would get less. Those who retired at a later age would get more. For example, if you retired at 62, you would receive up to $42,660. they also do not guarantee the previous five years increases.
Some People may need to consider going back to work or starting a second job to maintain there lifestyle in retirement. One option to consider is set up a home business to make up the shortfall.
If you do not have enough money yet I can show you a business model prepared by economist Dr Raymond Jewel which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
Currently the average retirement age in the USA is the early 60's, retiring earlier than this is going to need lots of money, perhaps 1/3 of your income so the first thing you need top do is work out your budget and then track spending
Government figures show that people earning less than £50,000 a year spend more than they earn. So It time to see where you are wasting money, as a first step put aside 10% of your income for emergencies. If you get a pay rise put the additional amount aside to start building your pension, rather than spending it.
It is helpful is you can use a computer software such as Money or quick to help analyse your spending and plan on how much you will need when you retire and you can quickly group expenses as necessary or discretionary items like holiday are discretionary.
Once you budget is complete you can start to analyse where the funds for your to retire early will come from. One method to curb spending is to throw away your credit cards and only use cash that way you will not be tempted to purchase items that you cannot afford.
Cutting cost is easier than you think on groceries use local supermarket rather than branded goods. Turn down your heating or air con to reduce energy costs. Interest rates are at all time lows at the moment so make sure you are getting the lowest rates on any loans or mortgages. If you own money on credit cards move to card which gives you an interest holiday on transferred balances.
Finally get the money you are saving working for you so that you can retire, one way of doing this is to set up a home business to build a second income stream.
I can show you a business model prepared by economist Dr Raymond Jewel which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
AARP Finance
What will it cost to retire in ten years for someone who is now 30?
Lets play around with some figures for someone in California
Part 1.If you own a house you might have a problem so I will assume you rent a house
Part #2: Estimate remaining expenses
Things now simplify greatly. What else do you need to pay for in retirement? This is for two people, children will increase some items. I will ignore scary things like college tuition. All costs are monthly with some padding.
Food, both groceries and dining out: $600
Communications + Utilities: $350
Gas, not much need if retired: $200
Transportation, amortized cost of one car: $150
Housing rental: $2,200
Clothing, Entertainment, Travel: $250
Healthcare: ???
Total without healthcare: $45,000 per year.
So how much will health insurance cost? This is a huge unknown. if you are relatively healthy now, but who knows. Let’s say you get an individual high-deductible health plan for $100/month per person and get cancer (knock on wood). Can the insurer drop you or raise rates? I don’t know the answer, but I’m guessing they can at least raise rates at some point.
It’s possible that within the next decade we will have some form of universal healthcare system. If not, you may need to investigate ways to get on a group plan somehow. I will put in a wild guess of $8,000 per year.
Total with healthcare: $53,000 per year (after-taxes)
Part #3: Set up portfolio to retire in ten years produce this income
Using current tax brackets, you will have to pay very little income tax to achieve an after-tax income of $53,000 per year. For federal taxes, the first ~$18,000 is not taxed at all, and the rest would be taxed at 10% (married filing jointly). That’s an overall tax rate of less than 5%. assume no other pensions or other annuities, just maybe Social Security down the road.
(Side note: If you have no other income from sources like pensions or annuities, this means you should lean towards contributing to Traditional IRAs and 401(k)s exclusively right now instead of Roth’s since your tax rate in retirement should be very low - much lower than you might have guessed before.)
Anyhow, if we use a 4% withdrawal rate, you would need $1,400,000 in today’s dollars. Estimating returns at 4% annually, with inflation at 2%. Saving goal would be $1,400,000 in 10 years, you would have to save $10,000 per month for 10 years,
Bottom Line
You need to find a better paying job and or move somewhere cheaper to live. But there is another alternative a home based business opportunity here you could retire in ten years as it could produce an annual income of around $55,000 per month and the monthly outlay is around $1,250 per month
I can show you a business model prepared by economist Dr Raymond Jewel which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
Web Prosperity forced to take action as pre launch sign ups bail out.
Web Prosperity was promoted as the new business launch of 2009, however once the software was revealed prospective customers began to see the reality. The Tools are overpriced, after all the software cost less than $2,000 yet users are charged a month fee $30-60 and the functionality is still be worked on.
Yesterday I spent some time in the Web Prosperity conference room/ meeting room trying to find out why it did not work in Internet Explorer and ended up having to use Firefox. The room is a bit bland and has no recording facility, so you cannot save interesting presentation, if you want to see what it looks live click here
This morning it was announced that Web Prosperity meeting now works in Internet Explorer and the programmers are now working hard to upgrade the mailing system, because when it was launched it could only be used to mail down lines and not for general marketing due to spamming issues.
In my mind it seems clear that web Prosperity was launched to make a quick buck for the founding members and owners and if you look at the alexa traffic there was quite a lot of activity prior to the opening of the pre launch on 25th December this allowed David D’Arcangelo's friends to sign up at the top of the matrix where they will make the money. The lesser mortals amongst us will be further down the 2*15 matrix and if you join at level 6 (your are the 126 member)on the matrix it is going to mean you have to get 65 million people to fill your matrix.
People are coming to the realisation that Web Prosperity is a master scam and with the alexa ranking beginning to drop like a stone many members are thinking its time to abandon ship.
I know for a fact that David D’Arcangelo is worried now that people have seen his ruse and is wondering how many people will be demanding a refund before the Web Prosperity 15 day day cooling off period ends.
David Ogden Web Prosperity Review
AARP Finance
It’s been 11 years since the publication of Rich Dad Poor Dad. Robert Kiyosaki’s mega-hit best seller. Kiyosaki wasn’t looking to write just any financial book. There were hundreds of financial books, in his view, that said the same thing. He wanted to let the education system know it was failing in teaching children what they need for financial success. He wanted to shake up parents by telling them some of the most dangerous advice they could give their children was to go to school, get good grades and look for a safe secure job, until retirement.
This advice was based on the old rules of money when people worked for one company for 30 years and retired with a fat pension. Those days are long gone. With corporate mergers and downsizing happening every month, Robert Kiyosaki says it’s just too risky to play by the old rules. In the end, employees lose and owners and investors win.
Rich Dad Poor Dad has been on all the best-seller lists for years and Robert retired in 1999. Robert's wife Kim has written a best seller, Rich Woman, and Robert has written several others, including Why We Want You to Be Rich with Donald Trump. “Donald has really inspired me. You know, I’m just an ordinary millionaire, and now I’m inspired to reach his billionaire status.” Robert says.
Assets Don’t Make You Rich
Robert Kiyosaki knows well that his success is partly due to his going against conventional wisdom. “When I wrote Rich Dad Poor Dad I told people that your home is not an asset,” he says. “People really criticized me for saying that, but if you look at what is happening today with the mortgage crisis, families are getting wiped out because they can’t afford their house payments.” Experts are saying that in 2009 up to 2 million people will lose their homes. “These are good people—but people who lack the financial education to make good money choices.”
Robert defines financial intelligence this way: If you put money in your savings account, the bank is going to pay you 3 percent. But the problem is inflation is running at 3 percent so your financial intelligence is 0.
“You can lose money on anything,” says Robert, who as a young adult began investing in gold. Although he didn’t make much money, gold taught him many priceless lessons. He realized it’s not the assets—real estate, stocks, mutual funds, businesses or money—that make you rich. It’s the information, knowledge, wisdom, and know-how—one’s financial intelligence—that makes a person wealthy.
Increase Wealth: Start a Business to help you in Retirement
With companies downsizing, the failing dollar and higher cost of living, many families feel the pinch. “The need to earn more money has never been greater than right now,” Robert says. For many, he says, “the No. 1 thing people can do to increase their wealth is to start a part-time business. They can start a small home-based business, an Internet company or network marketing business. The key is to start small and learn everything about the business.”
Most people have enough financial intelligence to make money, Robert says. One reason they aren’t able to make more money is because they fail to realize “it’s the process that makes them rich, not the money. Many other people fail to become rich because they value a steady paycheck rather than going through the learning process of becoming financially smarter and richer. They are held back by the fear of being poor,” he says.
I can show you a business model prepared by economist Dr Raymond Jewel which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
AARP Finance
Are you worried about retirement, no matter what your age you need to start planning. Most people are only setting aside 5% of their earning to cover retirement, which will mean they will be poor when they retire.
A few people who have the foresight will be able to retire on the same amount of money they are presently earning. The suggested target for retirement is 80% of your current salary but there are few plans which will provide this figure unless you increase your savings to around 15%, the later you leave it the more you have to invest each month, due to compounding.
Of chouse with interest rates so low at the moment and expected to remain low for the for seeable future you need to look outside the box to work out how to build an income for retirement.
I can show you a business model prepared by economist Dr Raymond Jewel which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
AARP Finance
The current financial situation is of great concern to those seeking to retire, for those with 401(k) retirement plans, they have seen a large loss in value and it raises the question can they afford to retire.
Many other people nearing retirement age are struggling to payback loans on their houses often where the value of their loan now exceeds the value of their house.
People have always been advised to put as much money as possible towards retirement, but few have bothered, rather than save for the future they have spent it now and it is one of the reasons that having money in retirement will be difficult.
It is essential that people think about retirement at an early age, when a small amount of regular savings can grow in to a large sum thanks to compound interest.
People are living longer and as a result more money is need to cover retirement costs. Most peoples income drops when they retire, but it need not be that way, with proper planning you can earn more when you retire.
Although I have already retired, I am using a ten year retirement plan which will boost my income when I am seventy, but you need not wait until you are my age You can start a business now and retire in 10 years.
I can show you a business model prepared by economist Dr Raymond Jewel which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
AARP Finance
Do You Dream about how you are going to live when you retire, or is it your worst nightmare?
Retirement marks the time in life when you have the freedom to do whatever you want whenever you want, no more being tied to desk from 9-5. Some people take up new hobbies, others travel and some just relax and enjoy the world around them.
There is one problem with retirement generally you are too old to enjoy some of life's pleasures, but its need not be that way. I actually retired 15 years early. Some people however are not so lucky and have to work even in retirement, in order to retain their lifestyle.
Is it luck or is it planning that enables people to retire early?
I believe it is planning. I believe with correct life plan and hard work anyone can retire in ten years from now, no matter what their age. The only problem is generating sufficient wealth to meet to meet your retirement needs.
I can show you a business model prepared by economist Dr Raymond Jewel which can be customised to meet with your own circumstances and required retirement income. A live opportunity will be presented every Thursday at 6PM EST in our conference room at http://tomorrowshomebusiness.butchhamilton.com select room log-in from top menu and enter first and last names and the password success.
AARP Finance
A study of past banking crises by US economists Carmen Reinhart and Kenneth Rogoff shows what we can expect in this period of recession. Based on past events, output will drop for two years by 9% in total, house prices by more than a third over six years and shares by more than half for three-and-a-half years. Unemployment will jump by seven percentage points over four years.
This does not auger well from those that wish to retire, however this is the time that entrepreneurs find new ways of making money. Core Industries such health and wellness, oil and public services will continue to grow and so become the place to invest.
One private company bucking the trend is linked with Tomorrows Home Business who's members are working on business plans/models which will allow people to retire in as little as ten years and at this time the performance is better than traditional retirement plans
The New year has brought out the usual mass of new business launches, but what amazes me is the fact that 95% of them will fail to get off the ground, a few people will make some money, the rest will lose their money.
If you are looking to join a new opportunity you had best stick to joining an established business, rather than a new start. Many Internet businesses have shut down because they could not deliver on their promises and now that money is tight you need to ensure you join the right business.
My advice is to look for long term growth rather than short term cash. Follow good business practice and reinvest your returns into your business. treat it the same as a retirement plan or with a profits insurance policy and you will be amazed at how your money will grow.
TriVita - Tomorrows Home Business has a business plan which will build a substantial retirement income in ten years and I suggest you take a look at it is you are serious about making money online.
TriVita's ten key steps to wealth explains in simple terms how anyone can create wealth and in this series I will lead you step by step along the way. The 10 Key to wealth was published by Michael Ellison, the CEO of TriVita Inc in 2007.
The Final Key to Wealth is Reciprocity.
Reciprocity is defined as "when you give a valuable service or gift to others, You will be repaid or rewarded for what you provided.
For reciprocity to work the recipient must benefit and perceive the value of the product or service.
You can increase the flow of return by allowing more people to benefit in a plosive way.
If you attempt to manipulate the law of reciprocity by sharing something of no value to the receiver you will fail
If you put your trust in the laws of reciprocity and give freely to others you generosity will be rewarded and repaid and your endeavours will prosper, help people help themselves.
If you have enjoyed the short introductions to the 10 keys to create wealth you can get a free copy when you join TriVita or else you can click here to purchase in our shop
TriVita's ten key steps to wealth explains in simple terms how anyone can create wealth and in this series I will lead you step by step along the way. The 10 Key to wealth was published by Michael Ellison, the CEO of TriVita Inc in 2007.
The Ninth Key to Wealth is Setting Goals.
Goals, you cannot run a successful business without a series of goals. Goals are needed to determine how your business is performing and need to be reviewed on a regalia basis.
Once you have a goal in place it is rarely changed, however how you plan to reach your goal may need to be modified, which is why a regular review will be required.
Your plans may include a number of minor goals leading to your major goals and these enable a quick performance check or feedback, if you fail to meet one of these intermediate goals your plans will need modifying.
Goals need to be written down in order to have a reference point and should have a time frame with in which they should be reached. you can have many different goals,financial goals, material goals, spiritual goals etc to help map out your life and your aims.
TriVita's ten key steps to wealth explains in simple terms how anyone can create wealth and in this series I will lead you step by step along the way. The 10 Key to wealth was published by Michael Ellison, the CEO of TriVita Inc in 2007.
The Seventh Key to Wealth is Compounding.
The power of compounding is a key that is taught in school, do you remember being taught compound interest in mathematics?
Compounding is when you invest a sum of money and leave it to earn interest which you them reinvest.
Compounding can make everyone a millionaire and here is how, invest 1$ a day
at 15% interest and with compounding you will be a millionaire 42 years later, its a simple as that
People often say the rich get richer and the poor get poorer and one reason is the power of compounding. Some people buy stocks and then spend the dividends or else have savings account and spend the interest, but if they reinvested this money the value would grow exponentially.
The current financial crisis in the USA and elsewhere came about by people borrowing against the value of their assets and spending the capital gained rather than reinvesting it. It the usually story everyone wants money now, they do not have the patience to wait.
The earlier you take action compounding the less it will cost you. For example a person invests $1,000 in a retirement fund for seven years at 10% return. He then tells a friend who follows his example investing 1,000 a year for 31 years. when they retire on the same date their pension funds are both $200,000 ,however the first person only invested 7,000 and the friend spent a further $24,000!
TriVita's ten key steps to wealth explains in simple terms how anyone can create wealth and in this series I will lead you step by step along the way. The 10 Key to wealth was published by Michael Ellison, the CEO of TriVita Inc in 2007.
The Sixth Key to Wealth is Systems.
Systems provide efficiency and hence save time and money, for example Ray Kroc devised a system for providing fast food McDonalds, but not only that he also put in place systems to ensure quality standards.
Here are six systems to help grow your business.
Evaluation System - examine how you spent your time yesterday and plan for improvements instead of starting with a new list of things to do.
Communications system - You need to have an efficient method of contacting customers, a mailing system combined with telephone and e=mail response.
Training system- As you business grows you will need to have a system for helping and training other business affiliates.
Retrieval System - you need a system which can provide key statistics about the state of your business. Can you develop or improve your existing system.
Storage system- you need to store vast amounts of business information sometime hard copy records or else data about transactions
Tracking system- you need to set up a tracking system to keep you updated with your business plans
Now TriVita has put in place some of these systems, such as training and has databases providing information about your customers and their purchases, together with some basic mailing systems, so you only need to concentrate on setting up an Evaluation and integrate a tracking system
TriVita's ten key steps to wealth explains in simple terms how anyone can create wealth and in this series I will lead you step by step along the way. The 10 Key to wealth was published by Michael Ellison, the CEO of TriVita Inc in 2007.
The fifth Key to Wealth is structure.
Structure is a essential key to any wealth building plan and is necessary to protect your assets derived from your income streams. the first step is to analyse your financial situation and keep a track on you net worth.
Once you know your net worth you need to ensure you have a number of legal instruments to protect your estate, such as will, a medical power of attorney and living will, revocable living trust, irrevocable insurance trust and a family limited partnership. these instrument will protect you estate and help reduce any tax burden.
There are also four financial structures you need to consider, a retirement fund, Titled assets such as real estate, setting up a corporation and life insurance. these structures will overtime increase in value and ensure that your wealth can be passed on to the next generation.
TriVita's ten key steps to wealth explains in simple terms how anyone can create wealth and in this series I will lead you step by step along the way. The 10 Key to wealth was published by Michael Ellison, the CEO of TriVita Inc in 2007.
The fourth Key to Wealth is income stream.
You have heard many people talk about the importance of income streams, which can fall into one of three categories.
Personal Compensation - the most common type of income if you have a job, you are paid for what you do, this income is limited by your skills and knowledge and the fact there are only 24 hours in a day.
Hiring People - getting people to work for you can provide you will with additional income streams, but once again income derived id limited by the hours in a day
Residual Income - the only true way to build wealth, for example if you have a product or services which can be sold or used by many people time and time again, and on which you can earn a commission this will provide unlimited income.
Multiple income streams can be likened to a number of small streams funned towards a dam, the outflow from which is concentrated to provide power. you could easily cross each of the individual streams but would be swept away from the outlet of the dam.
Sometimes a particular income stream will fail, but provided you continue manage and replace them your income stream will grow exponentially.
TriVita's business model is based on multiple income streams, as both customers and business affiliates can earn commissions from introducing Trivita products to other people and business affiliates may purchase further customers to increase their residual income.
AARP Finance - As the year draws to a close stocks around the world are falling with day after day of bad news. Banks, Car Manufacturers, Home Owners and many large retail stores face an uncertain future and little is expected to change as the new year dawns.
AARP members are recommended wherever possible to reduce outstanding debts and to start living within their means. The few AARP members who are debt free are the lucky ones and are in the best position to be able to take advantage of market situations. The Majority need however to sit down over the holiday period and examine their finances.
Perhaps house owners with a large mortgage would be better to sell off and rent property instead of servicing a large debt. Use public transport rather than cars.
Spiraling credit was a root cause of the financial problems that beset AARP members. Credit cards are an expensive way of borrowing money, so it is important to pay off more than the minimum every month and if possible stop using a credit card and plan to replace it with a debit card once the balance has been paid off.
AARP members should seek out cards which offer zero percent on balance transfers which will help pay of thier dept earlier and avoid paying high interest rates.
AARP Finance - The upward trend of stocks continue, bolstered with the
news that a deal with the automobile manufactures is likely to go ahead provided their are changes in management who
caused the problems in the first place. The USA cannot afford to close the
plants down but will need to make them more efficient.
Around the world Governments are starting to consider public infastructer projects as a means of improving the world financial problems by increasing employment and providing work for construction companies.
Obama has now also confirmed he will continue with the tax cuts set up by Bush. Yes there are more bad statistics due out this week but it is likely that those figures have already taken into account.
AARP Finance - Once more interest rata around the world are falling as Governments seek to kick start their economies, so what does this mean for AARP members.
If you have loans it will be good news provided the lenders pass the savings on to you, so what are you going to do with the extra money. AARP members need to set up a strategy to start reducing debts that have the highest interest rates such as credit and store cards. Paying off more than the minimum each month and not using the card will save you money. A Cash Society will get you out of dept.
For many AARP members with savings on deposit a fall in interest rates is a bad, so you need to find ways of earning a higher return, find out which banks offer the better rates. Some AARP members are seeing both their cash and stocks falling in value and are beginning to look outside the box on how to protect their lifestyle. One way to do this is to start your own business. A home business offers many tax breaks and also for retired and semi retired members of AARP an interest to keep their minds active, rather than vegetating at home.
AARP Finance - It is no wonder that The USA Car Industry is in trouble, as The United Auto Workers have in place a Job Bank which guarantees laid off auto workers 95% of their base pay if they are laid off. The Union agreed yesterday to suspend this job Bank system at GM which is due to run out of money by the end of this month.
Job Loses are continuing to grow with Job cut announcements jumping to nearly 182,000 in November, up 61% from October and up a whopping 148% from a year ago.
Now is the time to for AARP members to buy stocks, although the market will still bounce up and down perhaps for a further month, but long term gains can be expected. It may take shares 3 years or more to replace lost paper value, but with stocks a low value there are good long term prospects.
For many Americans, working for one employer for your career once meant you would receive money in retirement for the rest of your life. Together with the guaranteed, lifetime benefit from Social Security, workers with a company pension knew that they would have retirement income no matter how long they lived. But more and more employers have stopped offering guaranteed pension benefits and instead offer savings plans, such as 401(k)s, that require workers to plan for their own retirement. Today, financial security and peace of mind in retirement is in jeopardy as many people find that they do not have the time to figure out how much they need to save or have questions about how to best manage their investments.
Even though people are optimistic about their ability to save for retirement, consider this:
Half of all private sector workers do not participate in an employer-sponsored retirement plan such as a 401(k).
People are living longer, requiring even more savings and good investing decisions to make money last a lifetime.
Financial services and products are often confusing or too complicated.
Getting good, unbiased financial guidance is often difficult.
Many people struggle to pay for basic household needs, health care or emergencies and build a nest egg at the same time.
More AARP Members need a way to save for their personal nest eggs before the government takes a bite out of their paychecks. Putting money in an employer-sponsored retirement plan with automatic payroll deduction, such as a 401(k), gives you an immediate tax deduction and you won't pay taxes on the investments in the account until you make withdrawals. Unfortunately, many Americans cannot get the tax benefits of saving because their employers don't offer automatic payroll deductions. Others never sign up for plans that are offered. The result is that too many people end up paying more taxes and not saving enough.
Every AARP Member should have a simple, effective, and easy to understand way to build their personal nest eggs. Businesses can make a difference by offering better retirement plans and savings incentives such as matching funds. Government can help by making it easier to save money tax-free and encourage more savings. And individuals must take responsibility by paying themselves first.
Redefining retirement
By 2010, 1 in 3 workers will be over the age of 50. There are 78 million Baby Boomers in America who are starting to move into their retirement years. However, this doesn't mean that all working boomers are going to leave the workplace.
The word 'retirement' doesn't mean what it used to. More and more people are working well past retirement age. In fact, 8 in 10 boomers say their idea of retirement involves some kind of work, whether part-time or full-time. They plan to work past age 65, and many plan to work well into their 70's.
Some boomers want to continue working, and others will need to. Some want to follow their passion, give back to society, and stay connected. For others, work will help them make ends meet and pay for health care.
Valuing experienced workers
AARP Members 50+ have a lot to contribute. They bring years of experience to the job. They offer valuable skills and loyalty. These employees have a strong work ethic, and they take work seriously.
And many employers 'get it.' They see the value in an experienced workforce. They want to hire and keep mature workers. That is why many companies are changing the workplace so they can take advantage of this great resource. Employers across the country are starting to offer options like flexible scheduling and job sharing, which can benefit all workers.
AARP Finance - Stocks tumbled yesterday as it become known that the USA has been in recession for over a year and this recession is likely to last another six months making it the worst since the 1930's.
Job losses continue to mount on a daily basis. A major decision about the future of GM is expected this week, but it is hard to see the government supporting a company which builds cars that the public do not want.
One of the few ways for AARP members to protect their lifestyle is to take matters into their own hands, many are resorting to garage sales or seeking to build online businesses to bolster their falling income from their retirement plans.
AARP Finance - Black Friday sales showed a higher than predicted levels about a 2.2% increase on previous years, however many retailer had worked hard to attract customers to spend more and perhaps once the bargains run out sales over the holiday period will fall.
In the UK retailers are expecting a slump in pre Christmas sales,
This week could prove important for AARP members, pundits are expecting stocks to fall, however bearing in mind the relatively good Black Friday results, Low price of oil and the fact that the week following Thanksgiving traditionally show gains, if these occur it could be that the optimism will start driving stocks up.
The car giants in the USA are once more going to plead there case for support and it will be interesting to see if any new information comes to light which might support their request for aid.
The UK government have now announced they have a 60% holding in Royal Bank of Scotland group following a failed share offer. The Bank was caught out with many sub prime loan defaults.
Around the country many AARP members are resorting to garage sales in order to raise cash to pay outstanding bills.
AARP Finance - Well Black Friday seemed to start of the sales season with a bang, however many people including AARP members were sticking to using lists of items they were searching for rather than impulse buying.
The stock markets around the world are on an upward trend and its a question on how long the trend will continue.
Many AARP member have seen 35% falls in the value of their 401(k) plans but it will be some time before these losses are made up. If your plans are showing heavier losses than this then you need to consider alternative investment strategies to bring in more money.
During times of recession many AARP members look for alternative ways to bring in more money, such as starting a home business or taking on part time jobs, however with increasing job loses the home business idea has a better chance of success.
AARP Finance - Black Friday might offer the biggest savings yet as retailers slash prices to capture sales at any price, however this could be their downfall. In the UK two popular retailers Woolworth and MFI are in trouble.
There is better news for AARP members as banks around the world are beginning to show signs of recovery after receiving government aid packages and becoming partly nationalised.
Stock markets are closed in the USA as AARP members celebrate Thanksgiving but around the world stocks are holding firm/
AARP Finance - Will Thanksgiving mark the turning point of the market.
Traditional stocks and share have always risen either during the week either side of Thanksgiving day, the question of AARP members lips is will this mark the start of a revival.
Citibank group is struggling to survive and may be up for sale. The automobile industry is struggling even with the price of oil falling and many jobs in associated businesses continue to be at risk.
AARP members need to take stock of the situation and those that have savings are seeing lower returns due to the fall in interest rates which are now hardly matching inflation. It is better at the moment to use some savings to pay off credit and loan account which have high rates of interest rather than keep the money in the bank.
Fannie May and Freddie Mac have both announced an armistice on foreclosures during the holiday period until January. "With this suspension, seriously delinquent borrowers may have an opportunity to avoid foreclosure and work out terms to stay in their homes," said Federal Housing Finance Agency director James B. Lockhart III, the regulator in charge of Fannie Mae and Freddie Mac.
This will provide a little bit of cheer for a few AARP members.
AARP Finance - "There are Americans showing up to work in the morning, only to have cleared out their desks by the afternoon. Retirees are watching their life savings disappear, and students are seeing their college dreams deferred. These Americans need help, and they need it now." President-elect Barack Obama said Saturday offered an outline of his economic recovery plan and jobs were the top priority.
The question on many AARP members is will it be too little too late. details of the plan are nor know but will include rebuilding infrastructure such as roads and bridges and building alternative energy resources for when oil prices rise again.
Like the financial market it will take time for the results to filter into the economy and in the meantime GM will probably go bankrupt at the the end of the year. Supporting British Leyland during the last financial crisis cost the UK taxpayers $900 million and still the company failed. so perhaps the big three in in the USA should be left to their own devices. One has to wait an see how this issue will affect AARP members.
AARP Finance - There is some slightly good news on the horizon as stock markets in Asia rise but it is a question if USA will once again bounce back.
The Rescue package for the automobile industry is on hold until early next year. Many AARP members are questioning the need to support private businesses that have been mismanaged. yes jobs will be lost, but why should inefficient businesses be allowed to continue at a cost to the tax payer.
A country can only do so much to support its industry unless you follow the communist model of controlling a country, and look how that fared. The USA is the land of the free so it is up to every person to make the best of it. Rather than become a nation living on handouts. There is a need to resolve one own problems.
There are still opportunities to earn money by working for ones self, take a leaf out of what wealthy people do, buy into an existing successful business and work at building a steady income stream for the future.
Avoid at all cost get rich quick scams and settle on building a business for the long term.
61. Trivita International Become a TriVita International Business Owner with the Most Powerful Business Model on Google Today!
TriVita health and wellness business at present operates in the USA and Canada, however the business opportunity is available Internationally by setting up your own LLC and bank account in the USA.
TriVita Inc was formed some 9 years ago by Michael Ellison as a direct selling company producing health and wellness products. TriVita's flagship product is TriVita Sublingual B-12 B6 and Folic Acid.
TriVita is different to many other business opportunities because it handles all the advertising, including prime time TV, newspapers and mailing. TriVita also sends out catalogues and a monthly magazine to all its customers.
Because TriVita handles all the marketing,sales and deliveries, it saves you money.
TriVita Business Associates and Affiliates can share in TriVita's unique Media Acquisition Program (MAP) and purchase existing customers from TriVita to earn ongoing commission.
Not only can you earn money every time your customers purchase but TriVita continue to market to them as well.
I have personally never seen a business like this in ten years of working online. Initially you could only become a partner of the business if you lived in the USA and Canada, however now TriVita accept International members who set up a Limited Liability Company(LLC) in the USA. If you need help with this please contact me.
AARP Finance - Is America able to climb out of recession? Stocks have fallen to their lowest level in recent years and companies supporting the automotive Industry are in a dire position with the three largest car manufacturers depending on government money to bail them out.
Members of AARP will be pleased to learn that the price of oil continues to fall, however this does not bode well for the future as exploration and development cost remain hire and in fact many oil companies have put future field on hold as they will no recover their costs.
Alternative energy programs are also being put on hold as oil is once again relatively cheap so there is no rush to come up with energy saving projects.
There is talk of a major realignment of financial power with developing nations seeking to have a better say in World financial matters.
Uncertain times can often be good for AARP entrepreneurs who have a wish to protect themselves from the vagaries of the financial markets by starting their own business.
63. AARP Finance P>AARP Finance - Many retirees and those nearing retirement are reusing the day when they placed a large amount of their portfolio in Stock rather than bonds as stock shows little upward movement
the much touted $700 Billion rescue plan has not even scraped the surface in resolving the financial situation as jobs continue to be lost and houses repossessed.
Some AARP members have resorted to selling their houses in order to provide extra cash, but the question facing them is what to do with the cash lave it in the bank or else find a way of making money work for them.
Some resourceful members of AARP have started their own business to build additional income stream for retirement. but there are risks and one needs to exercise due diligence in order not to waste hard earned money.
AARP Finance - This week has started as last week ended, with more countries officially in recession, this time its Japan the second largest economy. Stock markets continue to slide around the world.
The G8 meeting in Washington agreed that more government spending will be required on a global basis to kick start the economy, but there will be a high price to pay in the future.
Closer to Home Citybank are predicting further job loses of around 50,000 on top of the 23,000 laid off in the last year, as its attempts to get its house in order.
The Gloomy news for AARP members is expected to continue for some time and is not good with winter approaching, which normally results in increased costs. Hopefully fuel costs will not rise again as at the moment production of oil is outreaching demand, but that could all change with a cold winter snap.
If AARP members are facing being laid off they may be able to negotiate with their employer, to reduce their hours by working part time or working from home on a contract basis.
New jobs are harder to come by for older AARP members and they need to perhaps think outside the box and follow up with different ideas for bringing money from another source.
AARP Finance - Is it worth borrowing money from your 401(k) fund.
Generally you need to keep the money in the plan until you reach age 59 ½. Withdraw any of it before then and you'll be hit with a bruising 10% early withdrawal penalty, on top of the regular income tax that is due on withdrawals from contribution plans.
There are exceptions that AARP members might consider. The IRS waives the 10% penalty for certain "hardship" withdrawals. Each plan's rules vary (check yours to be sure), but you may be able take money out of your retirement account penalty-free before age 59 ½ if you use it for:
Purchasing your first home Expenses
After the onset of a sudden disability
Higher education expenses (like college for your kids)
Payments you make to prevent eviction or foreclosure.Don't count on it, though
This money is locked up until retirement for a very good reason: If AARP members spend it now, they risk jeopardizing their financial security when you're older.
If AARP members can't get the money anywhere else, their best option is probably a loan. Many defined contribution plans allow AARP members to borrow against the amount in your account. You must repay the money to your account within a set period - usually a few years - or the loan is treated as a withdrawal, meaning you'll owe taxes and a 10% penalty on it.
There are three main drawbacks for AARP members to consider when taking out a loan. First, it reduces the money they have growing for their retirement years. Second, they have to pay interest on the amount they borrow - typically the prime rate plus one percentage point - though they do pay the interest to themselves. Third, AARP members must repay any outstanding loan within a few months if you are laid off or decide to change jobs.
AARP Finance - The USA economy is in chaos as more and more workers are being laid off, unemployment will probably rise to 8%. so what does this all mean to AARP members who are seeking way of earning extra money to cover their living costs.
>AARP members will find it very difficult to get part time or full time jobs as completion for work will increase. Labour Department data showed that the number of people requiring unemployment benefits for more than a week is also increasing, meaning that it is taking workers longer to find new employment. The figure jumped 65,000 to 3,897,000 for the week that ended Nov. 1. That is a 25-year high.
AARP 401(k) and other retirement funds will take some 5 years to provide get back to the level of return achieved before the crisis began.
AARP news from around the world shows that Germany is now officially in recession and oil is hovering around the $60 per barrel level as global oil demand is expected to fall.
My Advice to AARP members is to take your future in your own hands and join an established work at home business to supplement your own, do not join a newly launched business because that will incur high start up cost.
AARP Finance Starting DEC. 15, Fannie Mae and Freddie Mac, the mortgage finance giants now controlled by the federal government, will modify loans for borrowers who have missed three or more payments, own and occupy the home as a primary residence and have not yet filed for bankruptcy. More than a quarter of all delinquencies affect homeowners over the age of 50, according to AARP research.
Certainly AARP members in the USA are better off than their counterparts in the UK, where banks are now seeking to foreclose on loans where two payments have been missed and due to a recent high court ruling, using a little know law they can repossess property without going to court, so AARP members should beware.
Members of AARP who have subprime loans where the value of the loan exceeds the value of property will not got any help. The reason the US government stepped in to support banks such as Freddie May and Freddie Mac was due to their mismanagement of loans which started the ball rolling in the first place, so it is ironic that AARP member in severe financial difficulties are not being helped.
On a side note banks and credit card suppliers in the the UK are increasing their rates despite a recent drop in Base Lending rates and some have been slow to reduce their mortgage rates.
AARP Finance - NEW YORK (CNNMoney) -- The Bush administration on Tuesday unveiled a new program to modify mortgages and stabilize the battered real estate market, but the plan stops short of providing direct government financial help to at-risk homeowners.
The plan centres on Fannie Mae and Freddie Mac, which between them own or back about 31 million mortgages worth a combined $5 trillion and were the root cause of the financial situation. The federal government took over the firms in September due to mounting losses on their portfolios of mortgages.
Eligibility is determined by several factors: AARP Homeowners must be 90 days or more late in their mortgage payments, owe at least 90% of their home's current value, live in the home on which the mortgage was taken and have not filed for bankruptcy.
AARP mortgage payments would be adjusted through lower interest rates or longer repayment schedules with the goal of bringing payments below 38% of monthly household income. Interest rates could be lowered for five years and then raised to a predetermined level. Loan terms could be lengthened to 40 years.
Some AARP members in the UK could also be getting some good news soon as interest rates fall. A couple of lenders have mortgage rates fixed at points below the current bank rate so if the bank rate is cut again they could end up with a 0% mortgage.
We need to look back to 2006 when the property market began to decline and many people who had gambled on rising prices to pay off mortgages suddenly found themselves exposed. The banks had actively encouraged people to borrow more than they could repay, which is the reason so many banks have now failed.
The loss of faith in the banking sector spread quickly to the stock market this year and suddenly AARP members found their retirement funds had lost value
Those AARP members approaching retirement having to make the hard choice of delaying retirement or retiring on a smaller pension.
October and November have seen many companies laying off workers and quite often those laid off are the older workers, often AARP members who are on relatively large salaries as a result of pay rises in boom times, who can be replaced by cheaper labour.
So how can members of AARP improve their situation and get out of dept. They need to cut all unnecessary spending and use cash rather than credit and find additional sources of income with part time jobs or by setting up their own business.
AARP Finance - Why Enrol in a 401(k) Plan
Your 401(k) plan enables you to automatically take advantage of tax-deferred growth. With gradual elimination of most defined-benefit pension plans and great uncertainty around Social Security, saving for retirement on your own is increasingly critical.
How to Enrol in a 401(k) Plan
Although some companies automatically enrol employees in their 401(k) plans, you may need to complete a simple form to participate in your plan. You'll determine how much to save and select your investment options. Don't worry! The amount you save, the way you invest, and even your continued participation in the 401(k) plan are all decisions you can change at any time.
A 401(k) Plan is Employment-Related
You can only participate in a 401(k) plan if your employer allows you to do so. Your employer must both offer a plan and you must be eligible to participate. Therefore, you cannot set up a 401(k) plan on your own. (However, if you work, you can establish an Individual Retirement Account (IRA) privately. If you're self-employed, you'll have other retirement planning options as well.)
Contribution Percentages
The amount you save in your 401(k) plan is often called your contribution percentage. If your gross pay is $3,000 and you'd like to put $300 of each paycheck into your 401(k) plan, you'll need to indicate a contribution percentage of 10%, since 10% of $3,000 is $300.
Contribution Limits
For the year 2008, the most you can contribute to a 401(k) is $15,500. If you are 50 or over, you may contribute a total of $20,500. Your employer may further limit the amount you are eligible to contribute. Note that IRA contribution limits are completely separate.
Contribution Deadline
Unlike an IRA, there are no deadlines for contributions. However, the sooner you enrol, the sooner you can begin tax-deferred saving for your retirement.
Tax Deduction
Every regular 401(k) contribution immediately reduces your taxable income. For example, an individual in the 25% tax bracket who makes a $100 contribution to her 401(k) plan will immediately save $25 in taxes. (25% x $100). Although her 401(k) balance increases by the full amount of her $100 401(k) contribution, her paycheck only decreases by $75! Unfortunately, a 401(k) contribution does not reduce the amount you must pay in FICA and Medicare taxes.
Tax-Deferred Growth
Since the money in your 401(k) plan grows tax-deferred, you do not pay taxes on the earnings in the account. In fact, you do not even report the income to the IRS. It is not until you take your money out of the 401(k) plan, ideally during retirement, that you owe taxes.
Investing Your 401(k) Money
Investing your 401(k) money is critical to its long-term growth. Your investing strategy should change over time. The younger you are, the more aggressive your asset allocation should be, meaning increased ownership of stocks. As you near or enter retirement, your 401(k) balance should begin to reflect the reality that distributions are not too far away, and you should have a smaller share of your retirement money invested in stocks.
No Income Limitations
Unlike many other tax deductions and credits, eligibility to contribute to a 401(k) plan is not restricted by any maximum level of income.
Employer Matching Programs
Many employers provide matching contributions to their employees' 401(k) plans. In an employer matching program, the company puts money in the 401(k) plan of each individual who also contributes to their 401(k) plan. If you choose not to participate in your 401(k) plan, you typically forfeit this matching contribution. That's why not participating in a 401(k) plan up the level an employer matches is often called turning down free money.
Required Distributions
In most cases, you must begin to take money out of your 401(k) plan starting with the year after you reach 70 1/2. The required minimum distribution amount is determined by the Internal Revenue Service and is based on your life expectancy.
AARP Finance news is pretty gloomy these days sales figures are falling as the credit crunch hits customers pockets. Unemployment is increasing as companies start laying off staff and with thanksgiving and Christmas just around the corner it going to be a bleak time.
Just how AARP members will fare its hard to predict already some are cutting subscriptions for cable TV and phone services and switching to the Internet for free entertainment and communication.
The Internet can be a source of income for members of AARP some of whom already run their own online business. Yes you can make money on the Internet so long as you avoid the scams and get rich quick schemes. One business I recommend to AARP members is Tomorrows Home Business, because it is so simple to understand, easy to use and will after a period of 5-10 years be able to provide you with a monthly income for a relatively small initial outlay.
Many people in the USA are waiting for new incentives promised by Obama to materialise, however what ever changes he makes will take a year or more to start improving the situation, in the mean time its up to AARP to take action now to improve their lifestyle.
AARP Finance - The 401(k) retirement saving plans used by AARP members was formed 30 years ago and until recently was showing good returns for AARP member who could afford to invest in them.
Many AARP members benefited from match contributions from their employers, but a growing number of companies are now reducing or abandoning matching contributions, which will have a disastrous consequences for those AARP members who are nearing retirement.
Here are some examples of companies who have changed their contributions
Dollar Thrifty Automotive Group Inc saved themselves $1.8 million by suspending matching 6% contributions during fist six months of this year.
General Motors Corp suspended 4% matching contributions.
Frontier Airlines Holdings Inc - Spokeswoman Lindsey Purves said the company discontinued its match June 1 as part of its effort to cut costs as it works its way through Chapter 11 bankruptcy protection. Company put in 50 cents for each dollar employee contributed up to 10 percent of pay.
The double whammy of large loss of value in the 401(k) plans which will perhaps take 5 years or more to recover and the need to contribute more due to the loss of company contributions will result in AARP members needing to delay their retirement date because they cannot afford to retire.
Some AARP members are beginning to think outside the box and looking to set up home based businesses to circumnavigate the shortfall but even plans such as Tomorrows Home business take some years to produce sufficient money to retire on, there is no quick fix.
AARP Finance - The Bank of England today announced its single largest interest rate drop since 1981. The reduction of 1.5% was welcomed by the trade unions, Confederation of small businesses and the House builders Council.
Lloyds TSB announced that it will pass on the full amount of the rate cut
from 1 December. Other banks are set to follow suit. This follows rate cuts
in USA, Japan and Australia. It is also likely that other central banks will
announce reductions in the near future.
European Central bank cut rates by 0.5% and Korea is expected to announce a rate reduction tomorrow.
Stock markets around the world had a bad day however which indicates there is a no quick fix the the worlds financial woes.
If AARP members are looking for ways to increase their income, they perhaps need to take matters into their own hands and consider starting their own business or at least associate themselves with a business that is still making money.
Changes in administration following the election of Obama will affect how aid packages and financial rescue plans approved and in the pipeline will be implemented and it is expected that national dept will continue to increase as the USA still need to support companies and AARP home owners and it is perhaps this matter which is holding back a recover on the stock market.
Many AARP members like others around the world are in financial difficulties as a result of borrowing more than they can afford to pay back.
I can remember the days day when the maximum you could borrow for housing finance was 2.5 times the amount of you income, and to be honest that worked for me.
The problem now for the likes of AARP members is that that a town house in the 70's cost around $20,000 but is now valued at at $ 2 million and there is now way wages could have ever kept up.
All right now recommended borrowing for AARP members is between 25%-30% of the gross monthly household income says Lawrence Yun, chief economist for the National Association of Realtors in Washington. But some AARP members have taken out low cost start up finance which escalates over time and so are now needing to set aside 40-50 percent of their gross monthly income to cover housing costs.
AARP members are not alone around the world house prices increase faster than wages and many countries such as the UK have seen property prices crash leaving negative equity situations. Maybe speculators who drove the markets up will suffer losses but many other innocent AARP members will also suffer as well.
AARP Finance - It seems that if Obama and Democratic Congress win , all AARP middle and upper middle class retirement plans would be at risk, not just the "rich".
A 28% Gains tax on profit from ALL home sales.
How does this affect AARP members ? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect AARP members who are counting on the income from their homes as part of their retirement income.
DIVIDEND TAX
Increase from 15% to 39.6%
How will this affect you as a member of AARP. If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes when Obama become president. The experts predict that 'higher tax rates on dividends and capital gains would cause the stock market to fall again and delay long term recovery.
Increased tax rate for home sales - would be detrimental for those AARP members downsizing and planning to use proceeds for retirement and other purposes.
Energy use and consumption taxes such as for homes over 2400 square feet and on all fuel. Well intentioned, but definitely would fall heaviest on those less able to decrease their energy usage through higher efficiency appliance purchase or AARP members having less disposable income.
AARP Finance - Now is the time to start buying stocks according to experts.
"If you buy now and wake up in 10 years, you'll probably get a return around the historic average," said Yale economist Robert Shiller. In the near term, however, Shiller - who correctly predicted the implosion of the stock-market and real-estate bubbles - is more cautious. "There is a substantial risk that with all this economic turmoil, stocks will fall far lower," he warned.
The key information for AARP members is to look long term. Many stocks have good Price over Earnings ratios or earnings yield of 15.7 which is good for a long term profitable return.
Research by economist and hedge fund manager Cliff Asness shows that buying in at a P/E usually leads to poor returns, while grabbing stocks at a low P/E - less than 16 is a reliable route to riches.
Members of AARP will find that they will get around a 9% return when adjusted for inflation, which is better that the last 10 years average, however to get this level of return you will also need a dividend yield of 4.5%.
An alternative way of earning a good return is for AARP members to set up a home based business using a model/plan developed by Economist Dr Raymond Jewel at Tomorrows home business who holds weekly online presentations at http://www.tomorrowshomebusiness.com/Conference_Room.html
AARP Health offers information on many diverse health subjects such as the following advice on screening tests: What You Need and When.
Health experts from the U.S. Preventive Services Task Force have made these recommendations, based on scientific evidence, about which screening tests you need and when to get them.
Abdominal Aortic Aneurysm. If you are between the ages of 65 and 75 and have ever been a smoker, talk with your doctor about being screened.
Colorectal Cancer. Have a test for colorectal cancer. Your doctor can help you decide which test is right for you.
Depression. Your emotional health is as important as your physical health. If you have felt "down," sad, or hopeless over the last 2 weeks or have felt little interest or pleasure in doing things, you may be depressed. Talk to your doctor about being screened for depression.
Diabetes. Have a blood test for diabetes if you have high blood pressure.
High Blood Pressure. Have your blood pressure checked at least every 2 years.High blood pressure is 140/90 or higher.
High Cholesterol. Have your cholesterol checked regularly.
HIV. Talk with your doctor about HIV screening if any of these apply:
You have had sex with men since 1975.
You have had unprotected sex with multiple partners.
You have used or now use injection drugs.
You exchange sex for money or drugs or have sex partners who do.
You have past or present sex partners who are HIV-infected, are bisexual, or use injection drugs.
You are being treated for sexually transmitted diseases.
You had a blood transfusion between 1978 and 1985
Obesity. Have your body mass index (BMI) calculated to screen for obesity. (BMI is a measure of body fat based on height and weight.) You can find your own BMI with the BMI calculator from the National Heart, Lung, and Blood Institute at: http://www.nhlbisupport.com/bmi/.
Sexually Transmitted Infections. Talk to your doctor about being tested for sexually transmitted infections.
A Note on Other Conditions. Every body is different. Always feel free to ask your doctor about being checked for any condition, not just the ones above. If you are worried about diseases such as glaucoma, prostate cancer, or skin cancer, for example, ask your doctor. And always tell your doctor about any changes in your health, including your vision and hearing.
AARP health provides free information and resources to help resolve problems for its members
AARP - Financial: OPEC is unwilling to help out IMF
OPEC Secretary-General Abdullah El-Badri said it was "surprising" that the cartel's member countries were being asked to step in.
"This crisis created in the (United) States must be solved within the States," he told the same gathering, in contrast to Brown's repeated statements that the current financial turmoil was a global problem that required global solutions.
Gordon Brown the UK Prime Minister is visiting the Middle East seeking support despite earlier blasting OPEC for reducing oil output to maintain a high oil prices.
China is another country which could come to the aid of the IMF but this could prove a costly move as are likely to insist on a greater share of political power.
Debt is a major problem for AARP members some of whom hope that recent request by lenders to be allowed to reduce outstanding credit card dept by up to 40% on a case to case basis may help to improve customers financial situations will be agreed. They may have to wait until after the election.
AARP Financial - The roller coaster week that has seen Oil prices fall by $2 a barrel has ended. For the fist time in two years USA oil consumption has dropped as belts are tightened to ward off economic decline. Hopefully for AARP members winter fuel cost will also be reduced.
Japan joined the growing number of countries forced to step in and and support their economy with a $243 billion aid package which includes fixed sum benefits of $600 for a family of four.
Major countries around the world are cutting interest rates to kick start a recovery, but this could have mixed results for AARP members as saving rates will also move downwards. There is growing concern as to how all these aid packages are going to be funded at the end of the day governments will be forced to balance the books which is likely to mean an increase in taxes.
One piece of good news for AARP members is the 5.8% increase in social security benefits that will be paid next year, one of the highest increase on record due to inflation during the current year.The average monthly payment for retirees is $1,090. In January it will rise to $1,153.
AARP Finance - AARP chief executive officer Mr Novelli has recently written to Secretary of the Treasury to demand that mandatory withdrawals from 401(k)retirement plans for people over 70 be cancelled due to the current financial crisis.
Currently AARP members over 70 are forced to withdraw a minimum amount each year (by 31st DEC) from their retirements plans based on the value of the plan at the end of the previous year. Failure to withdraw the minimum amount incurs a 50% tax charge. Due to the stock market upheaval some fund may have lost up to 40% of their value and and is not the time to be forced to cash in hard won savings.
Some AARP members financial difficulties could on the other hand be helped also if the 20% early with withdrawal funds from 401(k) plans was temporarily withdrawn, which would release much needed cash.
Withdrawing money from retirement funds is not to be taken lightly as is reduces expected income in retirement and at the moment most funds are at rock bottom they will take some time time perhaps years to reach their previous highs.
One alternative for AARP members to putting money into a retirement plan is to invest it in a successful joint venture such as promoted by Tomorrows Home Business which over a period of ten years can provide a 15% returns way above the interest earnt by placing money on deposit The secret of creating money is to make best use of investments which compound results.
AARP Financial news today is is generally good, with markets around the World generally moving upwards as the USA lowered it base rate to 1%, it lowest ever. AARP members and others who have loans or finances will hopefully see up to 0.5% reduction.
Consumers in Iceland have recently seen interest rates rise to 18% a jump of 6% following the $2 Billion loan form the IMF.
Hungary yesterday was also bailed out by the IMF to the turn of $28 Billion and the news prompted a rise in both their currency and stock market.
AARP members should be aware that the costs of any rescue package has to be paid by someone, as Icelanders now know its going to be a long hard winter.
House holders in the UK are still struggling with some 70% of owners having to face the fact that the continued fall in house prices resulting in their loans exceeding the value of their houses. Perhaps and interest rate cut her might help, but at the moment no institutions are lending money.
The main question on the lips of members of AARP is have the markets reached rock bottom. Stock and shares are at bargain basement level compared to the past twenty years. Multi-Millionaires like Warren Buffet are prepared to take the risk but who is prepared to follow them?
UK Pension funds have lost 33% of their value, or £187 Billion during the last 12 months, due to falling stocks and shares.
The bad news illustrates to members of AARP the likely effect on their own 401(K) retirement plans.
Now is certainly not the time to retire unless AARP members are lucky enough to work for a company that provides some kind of final Salary pension as is offered by some companies in the UK.
Yes the DOW rose 900 points yesterday and this might be a sign that the worst is over, however there is a long way to to. Hopefully stock markets around the world will also provide a positive response bouncing back from record 5 year lows in the USA and UK.
AARP members have been following the frightning ups and downs of the stock and might be wary of investing in the future, but what choices are there?
1. Put it under the bed and it will lose value due to inflation
2. Place it on deposit at a low rate of interest
3. Or invest in your business
Smart AARP members are investing in their business because reinvesting income back into a business will grow the business and produce better results.
Now is probable the best time to buy into a business, but only a few AARP members have sufficient funds to purchase a business outright. So what about the rest.
Starting a business from scratch might not appear to be the right option either due to business set up costs, buying stock, marketing etc, however there is another solution.
Tomorrows Home Business, has a proven business plan and model which produces results, because it is partnered with a health and wellness company who take care of all the marketing, selling and delivery of products. Leaving the AAARP member the opportunity to buy its existing customers and earn commissions.
AARP Finance - The Week has started the way the previous week finished with stock markets around the world continuing to fall. Recession is a reality but how should one deal with the consequences.
The first thing AARP members need to do is not to fall into the trap of taking on further loans. Stop using credit cards wherever possible unless you can pay them it in full.
AARP members need to reduce all unnecessary spending.
Normally when stocks reach rock bottom its is time for AARP members to commit more money to 401(k) plans in the hope that stock will rise and increase the value of their savings, the problem is twofold, knowing when to buy and guessing how quickly stocks will rise.
A more conservative plan might be to buy into an existing successful business but few people have the funds to do this, so an alternative might be to start a business in partnership with Tomorrows Home Business who have a business model which shows a rate of return which exceeds most returns on stock investments and is inflation proof. Full details are available by contacting us.
AARP Financial has responded to public concern with Mutual funds with the following statement:-
AARP Financial recognizes that recent events in the financial markets are causing concern among investors. For those invested in money market funds, you may also be questioning the safety of your investment. We want to reassure you that your investment in the AARP Money Market Fund remains a conservative, low-risk investment and that you have quick access to these assets if and when you need them. In addition, I am pleased to report that the AARP Money Market Fund is now enrolled and currently participating in the Treasury Guarantee Program.
Richard M. Hisey
President, AARP Financial Incorporated
Well that way the good news, the bad news for AARP investors is that since June the values have fallen as the financial markets have been brought to thier knees. you money is safe but not worth as much.
AARP members need to take action and look for ways to diversify their future income streams, like members of Tomorrows Home Business.
AARP counterparts in the UK have been given some good news regarding state pensions.
Thousands of women who took time off to look after children will be able to boost their state pensions under a top-up scheme announced by the Government.
Work and Pensions Secretary James Purnell is proposing an amendment to the Pension Bill enabling people to buy up to an extra six years of National Insurance contributions.
Each extra year of National Insurance contributions adds around £160 a year to the state pension that people are entitled to. But the UK Government is increasing the cost of buying extra years from its current level of £420 per year to ensure the move will not cost it anything, although it has not yet said what the increase will be.
The UK Government estimates that around 550,000 people will be eligible to buy up the extra years, but in reality it expects only around 20% of these to take advantage of the scheme.
Mr Purnell said: "By 2010 around 75% of women reaching state pension age will be entitled to a full basic state pension, rising to over 90% by 2025, compared to around 35% today. However, we are mindful of the potential disadvantages faced by those who do not have a full work history, mostly women and those with caring responsibilities."
It will be interesting to see if if the USA Government will offer AARP members any ways to increase their pensions during these difficult times, or will they have to continue to take matters into thier own hands by producing residule income to live on from home businesses such at Tommorow's Home Business.
I was looking at the AARP site today, which claims to be the largest online magazine in the world, its packed with information. The section that caught my eye way the financial calculators.
The AARP calculators includes one to work out when you will be a millionaire, so I tried out my theory of investing $1 per day and sure enough it works, if at 15 I had saved just $1 a day I would have been a millionaire by the age of 60, based on a rate of return of 15%. The problem however is that inflation will eat into the numbers and reduce your savings by half.
The common factor in all the AARP calculators is the exponential growth, for example if you continue contributing for a further 5 years you will more than double your money!
AARP members and millions of others around the world are suffering during the financial crisis, but there is a way out.
You need to find a business which will provide you with a 15% return and invest just $1,000 and in 50 years you will be a Millionaire.
Now I have found a business that will give me the return that I need and is inflation proof, its called Tomorrows's Home Business and its unlike any home business you have ever seen, you are invited to attend our live presentation every Thursday evening at 6PM EST just go to
http://tomorrowshomebusiness.butchhamilton.com/ and follow the instructions or else contact us.
AARP report that stocks and shares around the world continue to fall during early trading in Asia. Pakistan and the Philippines are both looking towards the IMF to help bail them out. Corporate organisations are already re-forecasting their yearly forecasts.
It seems there that it is going to be a long time before matters are going to improve, with Thanksgiving and Christmas fast approaching it seems there will be little to cheer about.
Companies world wide are tightening their belts and it will not be surprising if they start laying of older workers which will concern AARP members, because if they are forced to retire early it is a very bad time to purchase annuities.
AARP members have already voiced their concerns with candidates in the upcoming USA elections, but it will be sometime before any changes will filter through the system. The problem is that support for banks has to be paid by someone and its usually puts pressure on other taxes.
The only clear way for an AARP to get out of financial difficulty rests with them taking matters in their own hands and to build a business for themselves, but this is no quick fix option it will probable need five years or more of work to build a worthwhile income.
AARP insurance covers many area but with financial markets around the world contracting as major countries head towards a period of recession most AARP insurance member are concerned with their pension and life assurance plans.
Generally speaking AARP insurance plans are good to long term investments and provide a better rate of returns than that of banks. Your money is usually safer as it is usually spread across a portfolio of stocks. If you were to study AARP insurance plans the underlying investment will provide a return after 10 years.
The problem facing AARP Insurance members at the moment is that the market is weak, so it is not the time to cash in policies unless you are forced to. How long it will take for the market to recover is difficult to predict, but again you need to think long term 5 years or more.
The worldwide monetary crisis has resulted from people spending more than they can afford to repay by taking on credit and loans and this is a lesson for everyone including AARP Insurance holders. It is vitally important to start saving for your future as early as possible.
Investing in AARP Insurance products is one way however if you are still concerned about the vagaries of stock and shares, There are other ways of producing residual to satisfy your future needs such as starting your own business, bearing in mind the high failure rate of new businesses, I would recommend you consider the way Tomorrows Home Business group offers a way to financial freedom which cannot fail and is inflation proof..
Just contact one of us to learn more and come to one of our weekly online presentations.
AARP members like many other retired people from around the world are worrying about what they need to do as the world slips towards recession. Yes stock and shares held by AARP will take some years to recover and perhaps some AARP members who have 401(K) retirement plans may be looking for other methods that will provide future money.
Tomorrows Home Business group has found found a unique solution by teaming up with a health and wellness Company. Health and wellness is a multi billion dollar industry and even during recession people wish to be healthily. Many AARP members already take vitamin and mineral supplements in order to support a healthy lifestyle.
The Company tomorrows's Home business is partnered with ,is dept free and operating for ten years. The business opportunity is unique and far removed from get rich quick scams and MLM companies where members have to market and sell products.
AARP members will be surprised to learn about this no risk business plan which requires no marketing in order to build a residue income.
AARP members are invited to attend a free weekly presentation which explains how long term residual income can be produced at low cost, by contacting us.
Why are so many AARP members in financial trouble, is it because they live for today and think the future will look after itself, rather than planning for the future.
How Many AARP members have 401 plans but have failed to ensure they have a good balance of stock. Yes these plans have lost a lot of value recently and it may take them five years or more to recover to the same level as they were, due to the financial meltdown caused by many people borrowing more than they could afford to repay, which started the banking crisis as banks mismanaged loans.
If you are an AARP member who plans to retire in the next 10 years is is essential that you take some action now if you wish to be able to retire in comfort.
I recently contacted Tomorrows Home Business and discovered a way of sharing in the success of a health and wellness company. Like any good business you need to reinvest your earning back into the business for around 10 years and can then end up with a monthly income to live on in retirement.
The plan for AARP members does not involve in investing in stock market like a 401 plan, but is based on earning revenue from existing customers, who are the lifeblood of any business. You are virtually guaranteed to make money.
No special skills are required to operate the business, no marketing or selling to others, the company you partner with handle all that. for more details just contact us
AARP Insurance offer a special rates for AARP members and their families. You can enjoy special AARP Insurance rates even if you are not retired, provided you are over 50. In addition to AARP Insurance benefits you can make use of special travel offers and other information which is of focussed on elderly People.
AARP is similar in its offer to SAGA in the UK which also offers Insurance, travel, health and money advice. The major difference between the two however is that AARP has a political lobby.
The Daily news around the world is mostly about the roller coaster ride of stocks and shares as they move generally downwards towards recession and AARP and SAGA members are looking at their various insurance policies to see for two reasons, first to see if they meet their needs and secondly to see if they can still afford them.
AARP Insurance Lifetime income plans are quite costly as you need to invest a minimum of $5,000, which is a lot for many AARP members. So is there an alternative way of building an income source?
I have found an opportunity which should be of interest to AARP Insurance members, its is run by a group called Tomorrows Home Business who work together as a co-operative marketing group and earn money from purchasing existing customers from a health and wellness company in the USA. Now health and wellness is an important area for AARP and SAGA members, so you can kill two birds with one stone here and improve your financial situation and your health at the same time.
For More details contact us - click on Contact Us link
The USA and UK are close to a recession and France, Ireland, Holland together with Singapore are already in recession, so what does this mean to AARP members. Officially a country is in recession following two quarters of bad figures so the New year does not bode well.
The UK is expecting house prices to fall a further 15% throwing more people into negative equity. The 2012 Olympics and many other sporting events will be effected as sponsors feel the pinch.
Pensioners such as AARP and their counterparts from around the world will find that their pensions are smaller than expected as their funds are affected by stock market falls.
A recent survey by USWitch shows that 42% of people have cancelled insurance policies or pension contributions to save money, If you have done this how are you going to survive in the future.
The falls in the stock market have driven shares down to a level where they were about five years ago, so stocks may take a further five years to bring their saving back to the levels of a couple of months ago.
What AARP members need to do is to find an alternative way of building savings without relying on the stock market such as a plan produced by Tomorrows Home Business, to find out more fee free to contact us.
Some people mad a bit of money from the Market bounce but the future is still bleak for AARP mortgage owners. House prices are in a world of their own and now everyone one is suffering and its not only in the USA and Europe it is a world wide problem. Builders still build but who can honestly afford to buy. The number AARP members who are still paying off mortgages in retirement is still rising and they struggle to make ends meet. Often the they have taken loans on the equity in their house.
A study released in September by the Centre for Retirement Research (CRR) at Boston College found that about 30 percent of homeowners ages 50 to 62 have cashed in on the equity in their homes, and they will likely remain saddled with mortgage debt and face a decline in net worth as they hit retirement
The reasons AARP members might need to refinance can be the result of layoffs or simply bad planning. The rule of thumb used to be to ensure all mortgages or loans were paid back before retirement, but as people seek to raise their living standards they started to live beyond their means, but the trouble is there is no safety net and now a few AARP members are in a situation that their loans exceed the equity in their house due to the slump in the property market.
Younger AARP members still have the time to put money aside for their retirement and one way to do this is to join a group called Tomorrow's Home Business who can show you how you can become a partner in a business which will help build funds to cover your retirement costs.
For more details please click on Contact Us below:-
Here is a typical AARP members question "I retired five years ago, but with the economy and inflation as they are, I need to go back to work. Where do I start?"
You need to think about what you want to do and to be honest restarting a conventional job is not for everyone, after five years your attitude to work will have changed and you will find it hard to come out of retirement mode.
Yes AARP can help you find employment via their site and its partly why AARP was set up. How Long and how much work do you want to do. Some people decide they would like to work from home which saves the cost of travel etc which can eat into your earnings.
As an AARP member you might be interested in starting your own business, but as you say funds are short. If you can afford to put up say $1,000 it is possible to create an reasonable income from it in about 10 years. This will not provide immediate help but is much better that the get rich quick scams that AARP member unwittingly fall for.
As a retired person myself, I actually enjoy watching my money grow month on month especially during these difficult times, I work from home at hours that suit me.
The World monetary crisis which effects AARP members is going to cost them dearly, for example The UK Government's part-nationalised three of Britain's biggest banks in a £37 billion bailout designed to save the financial system. The plan will cost every man, woman and child in the country £616.
Stocks are once more rising but one question is why should AARP members be forced to bail out failing banks, The root cause of the crisis was inflated Property prices, which lead to AARP members and others having to take on larger mortgages in order to afford to own their own home. Banks leading money in some cases failed to check that applicants had sufficient income to cover the mortgage, so they are at fault but everyone has to suffer.
Will the USA Government come to the rescue of AARP members who are unable to make ends meet, I think not.
The Financial problems will be with us for some time so it is prudent for AARP members to be cautious with their funds and spread it around different banks.
During times of recession AARP members often look for different ways to protect their live style such as doing a second job or setting up a home business. Start up costs for a home business can be high, which is why many fail in the first year or two.
Tomorrows Home Business group can show AARP members how you can build a financial nest egg with an established company dept free company for more information please feel free to contact us.
AARP member may be interest in a recent survey about baby Boomers in the UK who demonstrate a changing attitude towards inheritance, with surveys suggesting they are more likely to want to use their wealth to enjoy life than to worry about leaving a bequest.
The current world financial situation may lead to AARP members being forced into the same situation as they plunder there savings to save their present lifestyle.
AARP member may also be interested to lean that for their cousins in the UK - Housing has played a big part in boomers' lives. The proportion of owner-occupiers rose from around one in four in 1950 to two-thirds by the mid-1980s. Today, 33 per cent of boomers own their homes outright and 52 per cent have mortgages, while 15 per cent have second homes. Home improvements, shows the research, form a significant part of boomer lifestyles. So does increasing the value of homes, especially in terms of using housing to fund life during retirement.
Now if these figure hold true for AARP members some 67% will still have mortgages and these people are the hardest hit during any recession and in fact it is loans in general and the mis-management of dept in general by bank and finance companies that has started the roller coaster ride towards recession.
Is there a way out for ordinary AARP members? Well as a retired person myself I have started a new ten year plan to build another income stream with Tomorrows Home Business in order to create another income stream to protect my own Lifestyle as relying on Government handouts is not an option.
Stocks continue to fall around the World and AARP members are in for a tough ride and are worried to see how savings are dwindling with interest rate cuts.
Jonathan Scheid, chief investment officer for Bellatore LLC in San Jose, Calif.,is giving this advice to AARP members - Investors who have more money in the bank than the FDIC guarantees should spread their cash around in different institutions to get the full FDIC guarantee. Even so, he says, bank yields are too low for people nearing retirement to store the bulk of their funds in bank accounts.
The stock markets will recover in the long term in the meantime AARP Members should be looking to control their future rather than rely on the Government to resolve the situation on their behalf.
The Health and Wellness industry is one area which will weather the storm(vanity always wins). Some Members of AARP and other retirees from around the world are already seeing good returns from following a model promoted by Tomorrows Home Business group which is leading the way to help people help themselves and provide hope for the future.
A Recent AARP Survey found that middle aged workers in the USA were not making enough effort to make savings for their retirement, using excuses such as the cost of their childrens' education.
The earlier you start retirement planning the less it will cost you and the larger your nest egg will grow. The AARP survey also found that its members were planning on working longer in order to make up shortfalls due to the current economic situation. The deteriorating economy will make it harder for people to save more but they need to make the effort now or face a crisis in the future.
Many AARP members take up part time jobs both to keep themselves active and also bring in extra income. Some go as far as setting up a home based business, such as Tomorrows Home Business, which has a ten year plan to create wealth and is affordable to middle aged people and AARP members.
So what can Tomorrow's Home Business offer AARP members. An easy method to build a secure income over a medium to long term period with minimum commitment of time and money. No special skills required apart from being able to use a computer.
It does not matter if you are a member of AARP or not if you want to know how Tomorow Home Business can help you request more information by clicking here and filling in a form.
AARP Insurance - Lifetime income plan was designed specifically to provide fixed immediate annuities that help AARP insurance members protect themselves against the risk of outliving their savings. The AARP Insurance group annuity plans let AARP members turn part of their retirement savings into monthly income payments that will be locked in and guaranteed for life. The AARP Insurance Program offers single life and joint life annuity plans and come with important features not offered by every annuity plan … if you pass away prematurely, your beneficiary will receive any remaining payments that were guaranteed.
AARP Insurance members age 50 to 89 can purchase an annuity in any amount of $5,000 or more. You can be confident that your annuity income payments are guaranteed. With this Program, your income is backed by the financial strength of New York Life Insurance and Annuity Corporation, part of the New York Life family of companies. And, this is the only annuity Program endorsed by AARP Insurance.
AARP Insurance programs are not the sole way to obtain monthly income in retirement a group of Entrepreneurs (Tomorrow's Home Business) have combined with TriVita, a health and wellness supplier to use a plan which will produce a substantial monthly return after 10 years for a one off payment of $1,000, which will greatly enhance your lifestyle.
More Information is available in our live conference room on Thursdays 6PM PST (Click Here To enter Room and use password "success") or else contact one of our members.
In the last six weeks alone Bradford & Bingley, HBOS, Lehman Bros, Wachovia, Washington Mutual, Dexia, Fortis, Merrill Lynch, Morgan Stanley and the entire banking system of Iceland have either expired or been taken over, either by rivals or by the state.
After a lifetime of trust in familiar high street banking names, ordinary depositors no longer believe their money is safe.
The rich are looking for safe havens in Germany and Ireland where even the largest accounts are explicitly guaranteed by government. The biggest problem is one of example, because banks themselves believe least of all. They are only willing to trust their cash to their central banks instead of helping each other out for day-to-day cash as they used to.
what does this mean for the small saver, well you need to get your money working for you, now stocks and shares in the USA and UK are at their lowest levels for 4 years, but perhaps now is not the time to buy.
what you are looking for is something to protest you from inflation, well perhaps I have the answer from an unusual source. how do businesses make money? Generally speaking they rely on customers. Well I can show you a business where you can own customers and get lifetime commissions on their sales. why not check it out by coming to our meeting room at Tomorrows Home Business on Thursdays 6PM PST using the password success.
Tomorrows Home Business does not require you to market or sell anything unless you wish to. You can just buy customers to earn money. We have over 8,000 customers at the moment.
Promoting your home based business seems to get harder every day and is a reason for home based business failure. No Matter how you promote it is a time consuming effort.
Yes, there are tools around to help your home based business such as auto responders, I bet you have one, but do you think people read your messages. Lets put it another way do you read all you mail, No of course not, that why you have an auto responder for your home based business.
Lets face it mailing does not work, so what else can we try, FFA's and online adverts for home based business are the same few people ever read them.
How about telephone calling, well you can have some success here, once you have waded through contact numbers that are false or have been disconnect, but you need to be hard skinned to listen to abuse from someone whose phone has been ringing every half hour with offer to join this or that home based business.
Promoting or marketing a home based business is very hard, so why not leave it to the experts, like the members of Tomorrows Home Business. Instead of following up leads they purchase actual existing customers and earn lifetime commissions on all purchases.
No Marketing or selling is ever required, in fact it is possible to earn a substantial income just by purchasing customers. For more details of a home based business that works click on Contact Us button to arrange a suitable interview time.
Why you need to avoid Free Home Business Opportunities
Free is very popular on Google with millions of results but if you narrow down your search to the phrase Free home Business there are less than 1000 results and some of these are offering newsletters, tools or free information, so this means there are very few free home business opportunities.
I belive that this is true, because many of these so called free home business opportunites contain a catch where you need to pay money, how many times have you seen join for free in an advert, this is used as a come on to collect your details and perhaps give you a taster of how a home business will make you rich.
Many people get suckered in to a free home business only to find that in order to earn money they need to spend money. I do not know of any home business where you will not have to spend money, if there is one please contact me.
All home business need four elements, time, work, money and customers in order to create wealth. Many home business failures are not caused by the lack of time, effort or money but due to lack of customers.
Customers are the key to success, if you have no customers you have no business. We can show you a fool proof method to create wealth by buying customers, all you have to do is to contact us for free - but it's not a free home business!
Chancellor Alistair Darling has again pledged to do "whatever it takes" to protect bank deposits as Gordon Brown announced plans for a new National Economic Council to co-ordinate the Government's response to the global economic crisis.
At a joint Downing Street press conference with Mr Brown, the Chancellor said savers should be reassured by the Bank of England's promise to make sure that banks had the funds they needed.
At the same time, the Financial Services Authority said it was extending the guarantee to depositors in British banks from £35,000 to £50,000.
This comes a few days after the Taxpayer bailed out UK Bank Bradford and Bingley. Banks in the UK like those in the USA are under threat.
The time has come come to take control of your finances and wealth to secure your families future. If you need a way to protect your lifestyle contact Tomorrows Home Business
The Economic troubles are spreading around the world, with prices rising, businesses closing, Governments bailing out banks bad dept and rising inflation. Where will this all end?
One thing is clear its is time to look at ways of securing your own future and one way of doing this is to start your own home based business. Now you need to find a business that is simple and easy to run and will give you a good return on your investment.
Avoid the get rich quick home based business scams that promise the earth and give you nothing. also avoid MLM's where you need to purchase and deliver products. You need to find a popular home based business which has products that are purchased on a regular basis, such as health and wellness products, because no matter how the economy is performing people always want to look good and be healthy.
Think about how you are going to market you home based business, do you have any marketing or advertising knowledge? not many people do, so you need to find a company who will market and advertise your home based business.
When you search on the Internet there are millions of home based business opportunities, so why do 99% of them fail. The answer is simple they fail to get customers, due to bad products or marketing.
One group of business owners - Tomorrows Home Business has examined why home based business fail and has built a business plan based on buying customers which resolves the situation.
The home based business is so simple to set up a child could do it with minimum computer skills and no experience at all. There is no failure rate. Click Here To Request More Information
The key to a successful home based business depends on your self-motivation to push yourself ahead against any obstacles you encounter in order to reach your goals
Success really depends on the amount of time and effort you put into to build your home based business. This may be actively talking to people writing blogs or articles or passive such a reading books.
Do accept the fact that it take time for any kind of business to succeed and it may take a couple of months or years to see the fruits of your labour. Have you ever asked yourself how many years of studies you need to put in before you can get a Degree or Master?
You must approach home business ownership with a positive mind and take into account the sacrifices that must be made to make your dream come truth.
Always remember this:
Get-rich-quick schemes doesn't work. If they did, then everyone on the face of the universe would become millionaire.
As a Boss of a new home based business, you have to learn about business organization, planning, marketing, time management wearing many hats all at the same. You learn to be independent as you invest an increasing number of hours to nurture it, watch it grow and bloom into a successful enterprise.
In return, you gain a wealth of of business experience before you finally make a commitment to quit your employee status and do it full-time.
When working for your home based business, you are empowered to achieve many things you can never do and learn. You are no longer the employee stuck to the same old routine kind of work from 9 to 5. Your 10 years of job experience doesn't have any increasing value as it is just like a year of work experience repeated 10 times. You are no more at the command of your tyrant boss who wouldn't let you take time off when your little children falls sick and the same tyrant boss who called you during your off-duty hour to rush back for work for the sake of the company. You are so busy and often work late that you forgot the beauty of the rising sun.
Just think, owning your home based business means you can earn money and take good care of your family simultaneously. Of course, the best part is that you don't have to worry about being out of job.
Ever wonder why many businessmen like Donald Trump can went bust and then back to become a MILLIONAIRE again within a short-period of time?
It is The wealth of business experience they have accumulated as an entrepreneur which will always remain inside them for the rest of their life.
The Current banking crisis in America and Europe is raising the question as to how safe deposits are and are there alternative ways of building wealth. Many people live for today, which is a reason for keeping money on short term deposit or in a current account.
The time has come to re-examine your how you hard earned money is working for you. The housing market is not a good area at the present time. The Stock market is week and even the traditional gold and silver markets are sluggish.
One area where despite the recessionary trends consumers are still spending money is the health and wellness industry, so this may be an area which can offer an opportunity for a good return on investment (ROI) Now we are not talking about purchasing shares, but if you are one of these people who regularly take vitamins and minerals then perhaps you should consider setting up a business and buying from yourself, you could save some 20% initially and end up having a successful home business.
Now running a home business is not for everyone, people say they have not the time or knowledge to market one and do not want to approach friends and family. Tomorrows Home business has the answer because we are associated with a health and wellness company from which we can purchase existing customers, we do not have to do any marketing or selling or get involved in any way unless we wish to. we can buy customers and earn commissions for life. In fact if you had $1,000 to invest now, by doing nothing you could be earning over $5,000 a month in 10 years - not bad for doing nothing!
To learn more please click on the Contact Us link below
Troubled times ahead as Dow Jones records 600 point fall and around the world other financial institutions such as the UK Bradford and Bingley Bank are also failing. The Bradford and Bingley failure was due to the Bank lending money to people who could not afford to pay it back and now the taxpayer is expected to bail them out.
Why is it that so many people try to live beyond their means, it seems we are living in a spend now and do not worry about the future mentality. Governments and tax payers will not be able to pay out indefinitely. It is up to you to plan your own financial future.
You need to develop a number of income streams in order to become wealthy. Working for a wage will never make you wealthy, what you need to do is invest in you future, when you can purchase property, shares and collectable, yes there is a slump in the first two at the moment, but they will rise again. Selling on Ebay is a way some people make money from little used possessions. Starting you own home business is another way to create an income stream.
If you have money to invest now, Tomorrow's home business will show you how a partnership with a successful health and wellness company will be able to provide for your future needs for more information click on Contact Us link below.
How secure is your future, the economic downturn is forcing many Americans to take stock of their position. fuel prices are yo yoyoing up and down, banks and financial institutions are under threat, forcing the government to step in with funding. All this does not bode well for the future. If you are nearing retirement, do you think you can live on government handouts, with rising prices and job losses.
The average American throughout his or her working life will earn in excess of a million dollars and end up with little to show for it.
You need to take action now and take control of your future. Tomorrow's Home Business has been formed by a group of Entrepreneurs, with the sole aim of improving the average persons wealth. We can show you for example how a one off investment to purchase customers from a Health and Wellness Company in the USA will produce a residue income of thousands of dollars a month after 10 years.
The plan is inflation proof as you earn a percentage on each customers purchase and as the products increase in price so does your commission.
You can just sit back and reinvest your commissions to purchase new customers but we would hope that you will help with our co-operative marketing effort by learning some basis techniques to help capture top positions in Search Engine results.
Absolutely no selling is required and you do not need to involve your family and friends in order to earn money from this business.
WE hold and online presentation on Friday evening 6PM PST and a workshop on Sunday evening at 6PM PST which you are welcome to attend, just click on the Contact Us link in my signature to let us know of your interest and we will provide further instructions
What Makes the Best Work at home business
You need to examine what is required to run a successful work at home business.
The first question to ask yourself is do you have the right commitment and drive to start a work at home business. If you want to earn more than a few extra dollars, you are going to have to ether work hard or invest money into you work at home business. Most work at home businesses fail in the first few years.
What kind of business are you going to conduct, is it going to home typing or data input or are you going to sell a product or service, whatever the case you are going to need customers, so where are these customers going to come from? I suggest that you forget friends and family, who might buy from you, and look to how you are going to market your work at home business.
You can have the best work at products in the world but if you cannot market them you will not get customers and your business will fail. So you are either going to learn how to market or pay someone to do it for you.
I have found a unique work at home business where not only does the company do all the marketing for you but you can buy customers from them to build your work at home business. If you are interested feel free to contact Tomorrows Home Business
Weight loss is about finding a balance. You have to find activities to fit your lifestyle that are both healthy and reasonably achievable. You can work out 3 hours a day and you will lose weight. But if you do work out 3 hours a day, you are likely to lose ground in other areas of your life. Sacrificing your sanity to lose weight is not a healthy life style.
There are two ways to lose weight. There are pounds you lose because of healthy eating choices, and pounds you lose because of exercise and physical exertion. According to most nutritionists, one pound of fat equals 3500 calories. So, to lose one pound you must either cut 3500 calories from your diet, or burn 3500 calories via exercise. If you were to try and cut 3500 calories or burn 3500 calories, that would be an example of a unhealthy imbalance. Attempting either one of those will not only take too long, but will also, more than likely undermine the other. If you cut 3500 calories over the course of 3 days, you would not have the energy to be active (which is why you want to lose weight in the first place). And if you burned 3500 calories in three days you would need to eat more than you normally would to have that kind of energy.
The healthy balance to lose weight would be to find a balance between cutting calories and burning calories. How do you lose the first 30? Figure out how many calories you need to maintain your current weight. Then the simplest, healthiest way, to lose weight is pick a number of calories you can realistically and eliminate from your lifestyle. If for example you weighed 325, it takes 4290 calories to maintain that weight. Now that’s a lot of calories…
You An easily cut 1000 calories a day a day to lose weight. 1000 calories a day means losing a pound every 3 and a half days. Next I split it right down the middle in order to cut 500 calories and burn 500 calories. Now both of those numbers are not hard to accomplish. That is still 3790 calories you could eat and you only have to work out 30 minutes a day to burn 500 calories.
So, when you start planning your lifestyle changes to lose weight, keep balance in mind to keep you healthy both physically and mentally.
Wealthy people buy businesses to increase their wealth, and create multiple income streams. If you have dreamed of owning you own home based business, you do not necessarily need thousands of dollars. What you can is purchase a share or a partnership.
Established businesses usually have a large customer base which is the reason for their success and this is the type of home based business you are best to get involved with.
Tomorrows Home business can show you how to set up a successful home based business by buying customers from an established nutritional company in the USA. One example is to spend $1000 on purchasing customers and then reinvesting all the money spent by these customers for a period of ten years after which you will be able to draw an income of around $5,000 per month.
I you are looking to build wealth over the medium to long term we have strategies that work and will provide you with income in the future which is inflation, because as the cosy of the goods your customers purchase rises so does you commission. for more details contact us
Everyone needsmultiple income streams to build wealth, but how do you get them to work for you. most Peoples main income stream is their job and the income may or may not vary on the hours they work, however it is constrained by time and cannot on it own produce wealth.
You can create multiple income streams by taking on other jobs but again time is the limiting factor. One way around the time constraint is to get other people to work for you and then time is not a limiting factor.
One of the best multiple income streams is to create residue income, where you buy something once and then get income from it, common forms of residue income are property which you buy and lease out or stock and shares which pay out dividends.
Multiple income streams protect you, if you only have one income source. say from labour and you lose your job you will soon run out of money, but if you have multiple streams you will still be earning money.
If you own a home based business you can use referral marketing to attract other people into your business to increase your multiple income streams and help build wealth. Many home business owners make the mistake of not reinvesting income from their business, back into their business, not realising the benefit of how reinvesting rather than spending will provide wealth in the future.
If you are looking for an additional multiple income stream come to our online presentation on Thursday 6PM PST at http://www.tomorrowshomebusiness.com/Conference_Room.htm or contact us below
Home based business owners who talk about their business are more likely to build a successful home based business than those who don't. Talking about your home based business is one of the processes that trains our mind, along with writing down and reading positive affirmations relating to home based business.
The more you think and dream about your business the better the business will grow, but you must put thoughts into action. Successful home based business entrepreneurs often keep a pencil and paper by their bed to write notes to follow up in the morning.
Many home based business owners fail to put ideas into action, they talk the talk but don't walk the walk and wonder why their businesses fail.
One business idea that does work is Tomorrows Home Business because the business plan revolves around buying customers, instead of buying leads and trying to encourage them to become distributors like MLM home based business.
Loyal customers are worth their wight in Gold and in fact if all you did with Tomorrows home business was to by customers at the end of ten years you would be earning a substantial income from your home based business.
Tomorrow Home Based Business entrepreneur also work together promoting the idea via blogs and web sites using proven SEO techniques that secure top positions in popular searches on Google.
There are so many work from home USA jobs when you search in Google that you are spoilt for choice the question is what kind of job are you looking for, and how much time do you wish to spend on a work from home USA Job.
Depending on what job you choose you must remember that it will take you time and effort to build a work from home business from scratch and to be honest the statistics are against you, as there is a 99% failure rate, the rate has been creeping up over the years due to the increasing scams and dishonest business promoters.
When you start a new work from home job USA, you are full of enthusiasm, but this soon wanes when expected income does not meet your expectations. One suggestion I have is that instead of looking to start a new business from scratch, you are better to seek an established business. Look for a business which already has an active customer database, because a business without customers will fail. You probable do not have the funding to purchase the business outright but you could work from home USA job by affiliating with them.
You will also need to examine the product or services provided by the business to find out which area of the market they are working. I have found a company in the health and wellness industry, which even does all the marketing and sales for their work from home USA affiliates who can buy their customers to obtain ongoing commissions.
I read a recent report from the BBC which said that many older people are not get the recommend amount of vitamin B12 and as a result are running the risk of brain shrinkage, as lack of vitamin B12 caused the the brain to shrink which can lead to loss of memory and dementia.
Vitamin B12 is present in meat such as liver, milk and shellfish, so if these are not part of your normal diet you may wish to use vitamin B12 supplements. The study was conducted in Oxford England and involved 106 people aged between 61 and 82, over a period of five years. Further studies are being conducted to find out is taking supplements will reduce brain shrinkage.
A recent study in The New England Journal of Medicine indicates that elevated blood levels of the amino acid homocysteine (already considered a risk factor for Cardiovascular Disease) are associated with an increased risk of developing Alzheimer’s Disease. Blood levels of homocysteine can be reduced by increasing intake of Folic Acid and Vitamins B-6 and B-12. − Dr. Richard Hodes, Director of the National Institute on Aging.
Vitamin B-12 studies show that Sublingual B-12, B-6 & Folic Acid is readily absorbed into the bloodstream.
A recent study published in the Journal of the American Medical Association stated if people received 1,000 mcg of folic acid and 500 mcg of B-12 per day over 300,000 lives in the U.S. would be saved each year from heart disease.
I have in the past and am at present taking vitamin B12 and certainly feel that I have more energy and it seems to sharpen my memory
117. Home based business Malaysia is on the move The Platinum control panel from Veretekk allows home based business owners in Malaysai and arounf the world now have unrivalled power at their fingertips. The system is not for everyone, however those people with a vision to succeed will find success with this system.
David Ogden Internet marketing Mentor
http://davidogden.org
david_ogden.veremail.com
2017938702
Skype seadogs11
Goal setting is a very important step to take in order to build a work at home business opportunity, but it is an area that many people skip. To be successful online you need to get used to setting goals, short term, medium term, long term and perhaps your ultimate goal.
You may need to have goals to cover areas outside your business life, social, fitness and mental goals.
Goal setting trains you to reach whatever you you desire and acts like a map leading you to your destination each goal achieved acting as a waypoint along the road map to riches. I refer to maps because in 1999 I challenged myself to compete in a 1,000 K long adventure race.
Over a three month period leading up to the race I had to learn many skills, such as sea kayaking, caving and inline skating. my ultimate goal was to finish the race,my long term goal was to start the race, my medium term goal was to be selected for a team and short term goal was to learn the new skills. I set goals for each skill, for example inline skating was expected to cover 100K so this was further broken, the first goal was to be able to stand up and be able to stop, then each week I had to add an extra 10k to my training.
Once selected for the team my short term goal was accomplished and I had then to train with a team so as to ready to start the race in the Philippines. I still remember one hour before the start my team Captain commenting that I was very quiet and I replied that I was just getting my head around the fact that the first leg of the race was kayaking over 35K, most of it upriver and yet as a team we had only kayaked 1 kilometer together. We had goals set throughout the race and after 11 days of racing, I sat in the South China Sea disappointed to have missed my ultimate goal. Click here to read my account
It was two more years and two more big races before my dream became reality and I finally crossed a finish line, which brings me to the next point.
Goal setting also involves thinking about how you will feel about reaching a goal, you need to try to visualise you next goal, see yourself reaching the goal and write down how you will feel and how important it is to achieve your goal.
Goal setting is a key to your success, it keeps you on the straight and narrow and helps you avoid distractions which can cause failure. Every time I am approached by someone with a new online business opportunity I ask myself a simple question, will this lead me to my next goal and I take the appropriate action.
I recommend you review your goals at least monthly. I use Simplology webcockpit from http://www.simpleology.com/ to help me on the road map to riches. David Ogden Internet Marketing Mentor Kota Kinabalu SabahMalaysia
Does your company do business to business prospecting? Have you ever considered using an outbound telemarketing company? If you are wondering if your business will be able to endure the current economic troubles, this article is exactly what you need to read. There are six tips that can help your business find success even in a bad economy.
The following six tips are ways your company can not only survive, but thrive during tough economic times. Increasing your marketing budget, using the power of leverage, focusing your efforts where they will be most effective, properly training your employees, providing excellent customer service and keeping a positive attitude are all ways to keep your business profitable in difficult economic times.
The first way for increasing profits during a recession may sound backwards, but increasing the amount of money you spend on marketing your business instead of reducing it is one thing that can help your business make a profit during a recession. Countless businesses make the mistake of considering their marketing an expense instead of an investment and wind up destroying their businesses by cutting back in this area.
The second tip is to use the power of leverage by hiring a business to business prospecting company to do outbound telemarketing for your business. This helps your team use their time more wisely.
The next tip is to focus your efforts where they will be most effective, which is spending time closing sales. When the telemarketing programs do their job effectively your team can spend the majority of their time making sales which means increased profits for you.
The fourth tip involves properly training your employees to work with the highly qualified leads they receive from these lead generation companies. Proper training will help them make the most of these leads and sales will go through the roof regardless of what is happening in the economy.
The fifth tip for business success in tough economic times is to provide excellent customer service. Getting repeat business is much more cost effective and profitable than having to constantly prospect for new business so it is vital to keep your current customers happy.
The sixth and final tip for business success in tough economic times is keeping a positive attitude. People have a tendency to create the exact amount of success they believe they will and your positive attitude will be reflected in your employees' attitudes and achievements as well as your own.
Implementing the six ways listed above can help your business to increase profits during a recession. Business to business prospecting is one area to concentrate your marketing efforts in since this will make four of the six ways happen. Then all you have to worry about are the last two ways including treating your clients to outstanding service and maintaining an optimistic outlook.
Career Step has recently partnered with HCIT Solutions to help develop the Jamaican medical transcription field within the growing global healthcare industry.
oDesk oConomy reports that freelance writing jobs, including technical writing, business writing, blog and article writing, editing, and translation services are all part of the growing demand for online jobs found on oDesk.
While we don't often think about - or even care - how the Google search engine works, it is very important for an online marketer who is using search engine optimization, or natural search marketing for their online business to understand the basic principles that drive Google.
There are three main parts to Google: Googlebot, The Indexer, and the Query Processor. Each of these three parts is crucial to online businesses, believe it or not. Let's take a deep look at each of these Google elements to see how they work.
Googlebot is the search engine spider that comes to your website and spiders your pages. It isn't an actual spider, of course.
It actually works more like a web browser by calling a server and requesting pages, and downloading them - just as you do when you open your browser, type in an URI, and then the web page loads.
Googlebot, however, is run by big number of computers and performs this task much faster than one user could on their home or work personal computer. And Googlebot doesn't know if a website exists until a URL is put into their Add URL form, or until they find a link point to that site on another web page.
When Googlebot comes to a page, they take all the links from that page, and put them in a queue for crawling, and repeat this process over and over again. Once Googlebot has found a link, and downloaded the page, it hands that page off to the Indexer.
The Indexer stores the pages in Google's Index Data base. The Index then sorts all of the pages in its data base, alphabetically, by looking at all of the keywords on the pages. The Indexer does not pay any attention to what Google calls stop words, such as is, on, or, why, how, etc. It just pays attention to more important keyword type words.
The Indexer, after Indexing pages, waits for the Google Query Processor to ask it for a list of documents. A keyword is given to the Query Processor, which in turn asks the Indexer for a list of stored websites contain that keyword.
The Indexer then supplies the Query processor with a list of the documents, and the Query processor presents the documents to the user who requested the keyphrase.
You see, each element is important to the others. It all starts with the Googlebot finding your web page link on another site, or by you going to Google and using the Add form to submit your site.
GrandCentral Phone Service as a voice of the recycled products, Google introduced at the beginning of Google Voice Services, which provides integrated voice telephone service, including all the features of GrandCentral (useful for SOHOs).
In addition, Google will also provide a voice mail features automatic text copying, as well as send and receive text messages, Google voice communications will also be recorded with the Gmail integration implementation. Users can make free calls to any number in the United States.
Like Gizmodo, according to reports, Google Voice will soon appear in the form of application at the iPhone and iPod Touch. The application will include a dial-up, and it can be set aside (from Google Voice your number), and the iPhone will make its own bilateral linking.
It can also dial-up and cell phone, and contact list to work, while sending SMS. Google Voice also includes standard features such as phone logs, voice mail and so on.
The latest model stars Netbook - X-Slim and really drive map Wind U123 has just emerged, both CULV notebook using Intel's ultra-low voltage processor, running Windows Vista Home Premium system, only 0.7 inches thick, 2.8 pounds, is the MSI Dell used to combat the Adamo's flagship product, version with high prices also reached a level of more than 1000 U.S. dollars, the minimum should have 700 U.S. dollars, this series of products will also have 11.6, 14 and 15.6-inch version, let us Figure it together!
GIGABYTE is expected at the end of the second quarter with the cottage Internet Protocol of the Company products will be delivered, and the deal will allow Gigabyte notebook sales doubled compared to 3 last year! Last year, the Gigabyte notebook sales are only 15 million units, while in 2009 this figure grew to around 50 million units.
About the Author:
if you want find buyer online, please visit:cheaponsale.
Since 2006, Matthew Bredel has built a successful online, home based business that's growth has depended largely on page 1 Google rankings and other SEO organic traffic. The SEO Exciter Series outlines many of his personal strategies in getting top search engine rankings for some of today's most competitive search engine keywords.
Leading L.A.-based computer repair service company E-Geniuses illustrates how businesses can utilize technology and telecommuting to not only survive the economic crisis but to grow in a down market.
Developed by Adam Green, 'Mr. Google Alerts', AlertRank makes it easier to track, sort, rank and analyze Google-indexed news, blog postings and social media alerts
There are no secrets on how to rank high with the major search engines because effective search engine optimizations are now immense. What is search engine optimization? Before we discuss that thing, you have to understand first how search engines work and a bit of know-how.
Search engines are into providing their users with the most relevant and up-to-date information to match the search term that was used. They are sophisticated pieces of technology which allow users to quickly find relevant websites by searching for a word or a phrase. Search engine results are useless to users if the information doesn't relate to the search term, or if the results are old. People expect the most up-to-date and fresh information that is useful to them.
Updating your website everyday and adding some materials will help you get noticed by the search engines. So, if you are going to sell any type of product or service online, you have to optimize your website for the search engines, in order to boost traffic and sales. It is because over 90% of your business will likely come directly from search engine results. And for that reason, it is absolutely important to optimize your site for search engines for you to have the greatest deals in the entire world.
Search engine optimization (SEO) is the process by which webmasters or online business owners utilize strategic copy to augment their website's status. It is certain that the internet has grown so fast over the years and the competition for the best search engine position has created an enormous market. Therefore, better understanding the fundamental elements of Search Engine Optimization is vital for an online business' success.
Making use of effective search engine optimization techniques will improve the page rank of your website. There are many tricks that can be used to increase page rank; the most effective method is to provide high quality content consistently. This seems like a simple concept but there are many websites that fails to provide content that visitors find interesting. Sites which provide content that are interesting, well-written and regularly updated create highly engaged visitors who are more likely to return to the website in the coming days. So, if you can set your website apart from those boring, lifeless sites then do it. You'll surely have a step closer to achieving high page rank through search engine optimization.
The next significant factor for an effective search engine optimization is to include keywords and phrases within your content. To make sure that you are properly targeting your market, you have to make sure that the keywords and phrases you have on your site are the keywords and phrase that your site is actually optimized for. The more keywords you use in your content, the more likely it is that online visitors will find your site when they do some research with those words. If you are unfailing with these techniques, then your overall search engine optimization will increase, boosting your page rank.
You should also have to develop a linking strategy as a part of your search engine optimization. Not only does this provide free advertising for your site, but it makes the impression that your site is imperative because of its affiliated links. For each link that you have pointing back to you, that is another chance for your potential customer to find you. The more inbound links that you have pointing to your site, the higher you will be ranked in the search engines.
Another is to develop a content stratagem. People who get to search from the internet are looking for information. The more information you provide for them and the more helpful it is, the more likely you will make the sale. Writing articles is the most effective way to build up content for your site. When writing articles to post on your site, make sure that you develop a clear means of arranging their content. You can do this by simply adding a new page to your site. This will allow room for extra articles to be added as you write them, and will allow you to build up an archive of articles which will maintain to draw online visitors. Make sure also that you have included your archived articles in a directory that is next to the root web of your site so that the search engines will catalog your online articles.
Always keep in mind that search engine optimization methods are important in developing your site's status. With that thing in mind, make sure that you write high-quality, keyword rich content and link your site to and from a deliberate family of other sites. These things will help improve your site's popularity and coerce increased business through your online business.
About the Author:
A survey poll that was conducted shows that 80% of Australians choose to use internet search to find local businesses while only 17% use the Yellow Pages. Dont waste thousands on a Yellow Pages ad when you can tripple your clientele at a fraction of the cost. For more info, go to Adelaide SEO.
MOUNTAIN VIEW, Calif.----Peplink, the pioneer in Internet link balancing and failover solutions, today announces the release of its Balance 20W mobile load balancing router. Peplink's innovative new product gives Internet reliability to mobile and remote locations where it is not currently possible.
These days, most everyone is familiar with an autoresponder, although many don't know why they are beneficial to businesses. If you aren't familiar with autoresponders, you would probably find yourself amazed with them. An autoresponder can help your business by automatically emailing your clients and customers with a preset message that will help to increase your sales.
An autoresponder can help your list of clients grow, even send each one of them their own personalized email message. If you choose, you can also follow up each individual email with repeated emails, varying the content whenever you wish. These programs will also allow you to keep track of conversations, and send out broadcast email messages whenever you have news or new products to offer your clients.
As research in the past has shown, personalized email from autoresponders is a great way to boost your business. When you send a personalized email to one of your clients, the autoresponder by can address him or her by their name - which always makes a customer take notice. While you could do this yourself using traditional email, it could take you a few hours if you have a long list of customers.
Autoresponders make sending personalized email a snap. All you need to do is set up your email template, then select where you like the name to go. You can add everyone in your customer list to the autoresponder, which makes sending emails a snap. Once you have everything ready to go, all you need to do is send out the emails with one simple click. Best of all, you don't have to set it up again when you need to send out broadcast messages.
Although there are some people who will buy products after one or two emails, most people require about seven or eight emails before they will purchase anything. Autoresponders can really help you there, as they will do all of the emailing for you. You dont have to keep sending manual emails or anything like that. All you need to do is set up the email address, type in your preset message, and then feel free to send it as many times as you like.
Through the use of an autoresponder you can really boost your business. If you run an Internet marketing business, this tool will prove to be invaluable. You can spend less time sending messages and more time doing what you enjoy. If you've never tried an autoresponder before, you owe it yourself to check out everything they will do for you and your business. Online businesses can get a lot of emails on a daily basis, which is where the autoresponder will really start to shine and show you just how great of an asset it really is.
About the Author:
David Jessee is and experienced online marketer and knows how to make money online. Visit his make money online blogtoday for some great tips and tricks to help you increase your online income. Get a totally unique version of this article from our article submission service
Landing a new job is hard work. Just getting through the first interview is a challenge especially for a professional who's been laid off from a position he has held for years. Media consultant Suzanne Spurgeon says, "Interview skills get rusty if you don't use them.
As world leaders gather today at the G20 summit to discuss the global financial crisis, the AA's own president, Edmund King, is reminding motorists that with rising motoring costs upon us, it has never been a better time to shed the pounds. Drivers could save over £6 billion per year by following the AA's money saving tips.
CAMBRIDGE, Mass. & LOS ALTOS, Calif.----The Anti-Phishing Working Group announced today a new public education initiative to deliver free counter-crime video instruction to consumers.
Most people advertising in Adwords today don't realize that they are losing tons of customers and leads all due to the fact that they don't know the 7 Key things they must do to set up a successful adwords campaign. If you follow these 7 key steps to setting up your adwords campaign, not only will your ad show up a lot higher in Google, but you'll also pay less per click than people advertising below you! Applying these 7 Crucial Steps will increase the amount of clicks you're getting per day and at the same time decrease the amount of money you're having to spend now!
Optimize Your Campaign For Google Are all of your keywords stuffed into one or just a few adgroups? Google hates it when campaigns are like this and determines that your campaign has 0 Relevancy! I know this strategy works, so for all of my clients I make their campaigns Super Relevant by taking each individual keyword and putting it in ad adgroup all on it's own! I know, it's days worth of work, but it reduces their click cost by an incredible amount! If you don't follow crucial step #1 you're going to be slapped! This means that Google will charge you insane amounts of money for your clicks and give your ads horrible placement.
Optimize your ads for Google The structure of your ads play a huge role in determining how much you pay per click. Just like in step #1 Google is obsessed with "Relevancy". Google's idea of a perfect ad actually has the keyword that was searched on show up twice in the ad; Once in the ad title, and once in the ad text. If Google see's that your ad displaying for the keyword, "injury attorney" actually has the keyword "injury attorney" appearing in your ad title and inyour ad text then Google is going to reward your ad for being perfectly relevant to the keyword that was searched on.
Google is going to reward you in two ways, 1) by charging you less per click and 2) by giving your ad a higher ad placement! But that's not all! Who searches on the keyword "injury attorney" will be more inclined to click on your ad because the actual keyword they searched on shows up twice in your ad! That means that by optimizing your ads you get more clicks, you spend less, AND you get higher ad placement! It's a win win situation!
You might ask, "Well how will I ever have time to write a super targeted ad like that for every keyword I have? That seems impossible!" Well, if you don't have time you should make time. My company write a super targeted ad for EVERY keyword that you have! It's a huge load of work, but we've found it's definitely worth it for our clients. Stay tuned for part 2 of this article series, on "Optimizing your site for Google and Keyword Swiping".
About the Author:
Claim Your Free Video Revealing the Secrets of how you can spend far less in Google Adwords and get even more clicks! George Kristopher, a respected Adwords Management expert will reveal to you the "7 Secrets" of getting lower click-costs and Great ad placement. Grab your PPC Management video now!
13. Privacy Policy - The SOHO Quest Blog Our Commitment To Your Privacy To better protect your privacy we have provided this notice explaining our online information practices, and the choices you may make about the way your information is collected and used. Here is information on what types of personal information we receive and collect when you use and visit this website, and how we safeguard your information. The SOHO Quest Blog will never sell your or trade your personal information to third parties.
Log Files As with most other websites, we collect and use the data contained in log files.The information in the log files include your IP (internet protocol) address, your ISP (internet service provider), the browser you used to visit our site, and the time you visited our site and which pages you visited throughout our site.
Cookies and Web Beacons We do use cookies to store information, such as your personal preferences when you visit our site.This could include only showing you a popup once in your visit, or the ability to login to use features, such as a forum. We also use third party advertisements in support of this website. Some of these advertisers may use technology such as cookies and web beacons when they advertise on our site, which will also send these advertisers (such as the Google AdSense program) information including your IP address, your ISP, the browser you used to visit the website, and in some cases, whether you have Flash installed. This is generally used for geotargeting purposes (showing local ads to someone in a particular geographic area) or showing certain ads based on specific sites visited (based the content of the types of websites frequented). You can choose to disable or selectively turn off our cookies or third-party cookies in your browser settings, or by managing preferences in programs such as Norton Internet Security. However, this can affect how you are able to interact with this website, as well as other websites. This could include the inability to login to services or programs, such as logging into forums or accounts.
Our Commitment To Data Security To prevent unauthorized access, maintain data accuracy, and ensure the correct use of information, we have put in place appropriate physical, electronic, and managerial procedures to safeguard and secure the information we collect online.
Our Commitment To Child Privacy Protecting the privacy of the very young is especially important. For that reason, we never collect or maintain information at our website from those we actually know are under 18, and no part of our website is structured to attract anyone under 18. Under our Terms of Service, children under 18 are not allowed to access our service.
Collection of Personal Information This information is purely used to analyze trends, administer the site, track user’s movement, and gather broad demographic information for aggregate use. Importantly, IP addresses are not linked to personally identifiable information.
Links to Third Party Websites We have included links on this site for your reference. We are not responsible for the privacy policies on these websites.
lterations to this Privacy Statement The content of this statement may be altered at any time.
14. SOHO Quest - New Contact Information This post provides updated contact information for this blog. If you have any questions regarding the content of The SOHO Quest Blog, about the products mentioned, or questions of any nature at all, do not hesitate to contact us at the following address.
Your feedback about this website is helpful, appreciated, and welcome.
This blog publishes reviews, informative content, tips and more with regard to working in an small office-home office environment. Navigate this blog by using the side bar links. Follow highlighted links you see throughout posts to learn about the products and services being mentioned.
This blog is intended to provide worthwhile information for those interested in working in a small office-home office.
Direct all questions to: soho.quest@gmail.com
16. Google Gets Voice Google GrandCentral has grown all up is being relaunched as Google Voice. This service will continue in beta testing with many new features. Grand Central was a start up "one-number access" telephone service that was purchased by Google soon after its debut.
This service will be styled similar to the Skype telephony business model, in that some of the calls are free, and international long distance will be offered at attractive rates way below what normal phone charges would be. As an example, calls to Canada reportedly will be one cent per minute.
This will be a great service for entrepreneurs, solopreneurs, and small office/home office workers, which now includes distance workers, telecommuters and digital nomads. Get in line and queue up for a free Google Voice number.
The folks over at Google are working on a new project called Google Voice. According to the Google Blog site the first beta testing will be for GrandCentral [...]
17. Depression Cooking Teaches Check out Google Trends this morning, and you will see that Great Depression Cooking tops the charts. The television news anchors are starting to own up to the fact that we are in a depression, and not just your ordinary run of the mill recession.
Imports are down 24% and the economy in the US alone shrank over 6% in just one month. If you think there is any good news in this, it probably is only the fact we need to learn to individually become self reliant again. We can't sustain an economy where the only growth is in government.
If you have already lost your job, and are scratching your head as to what you will do when the unemployment insurance runs out, you may have figured out that it probably won't be a job like you had before. We are headed back to a more mercantile style society, where we each make and trade goods and services. Do you believe you can now start your own small office-home office based on new skills found learned and linked on the Internet?
If you are on your own SOHO quest, you may want to consider investing in and learning about working online. In many ways it is a quite separate and parallel economy. Almost unrelated to what is happening in the real world sector.
An alternative avocation is taking up the art of Depression Style Cooking.
18. SpiderWeb Will Rock the Web Whoa Baby! This blog is getting whiskers. Anyone that has followed my path will know that I now have been heavy into educating myself about Internet marketing. Thus, the reason for no posts.
But I have been busy investigating. One of the schemes is a beta program known as The SpideWeb Marketing System. If you have seen it in passing, but did not consider it...keep looking. This had the potential to be the next big monetizing scheme for the web.
Many have tried to create a self-sustained or auto-pilot system. This supposedly started out with 12 streams of income, but now has 22. I have a gut feeling you have to work it like any other business.
It still is in beta, so don't hope for much. I had numerous conversation with the owners and management team of this system about creating an inner circle training program. Alas, everyone wants something for nothing. You can generate free leads, but then you have to know what to do with them.
This is a heads up on Mark Wielgus at 45n5.com. Mark is on top of online trends, and I am here to tell you that he researches, tests, and reports on things you will come to appreciate on a daily basis. All the information in this post was gleaned from 45n5. My belief is that Mark combines some marketing savvy with geekdom knowhow. He even writes simple, but useful utility programs and then gives them away for free on the blog. Here is a recent link to one he dubs "Keyword Scrubber".
45n5.com has turned into one of the few blogs I simply must check out on a daily basis. Now Mark is committed to deciphering Affiliate Marketing as a top priority. Another project he is combining with this effort is his personal mission to produce and post a video every day in 2008.
I think with 365 videos in the planning, his little experiment is one to watch for trends, plus the techniques, tips and tricks he is bound to uncover along the way. So, if you want to make 365 videos in one year, watch this guy in 2008 and I think you will learn something.
This is not for a lack or loss of interest, but merely a necessity of time management. Regardless, my blog niche revolves around the central theme of mobility and using technology to be independent. So, you can always check back here and/or catch my more frequent updates at the Rugged Notebooks or Digital Nomads sites. My plan this year is to move to private domains.
One thing I have been doing is writing more focused posts...themed, if you will, or a series of posts on a subject of interest. Recently, this has had a major slant towards telecom, and in particular new gadgets like MagicJack and VoIP telephoney solutions like Google GrandCentral.
I am finding that being more focused on a particular subject area makes it easier and more interesting to research, test, review, and write. I think my readers appreciate it a well and it is helping in the SERPS.
If you are still blogging, drop me a line and let me know how you are getting on. There seems to have been a drop in the number of friends I met online in 2007 that have continued to blog, or scaled back like I have. -Digital Nomad
I saw this over at the BigString 2.0 website and thought it was good advice. BigString is an interesting concept in itself, which I will let you discover for yourself. These 12 items have been edited somewhat, so not to get dinged for duplicate content. There were some typos in the original text anyway. Enjoy.
1. Do not send email when you are angry. Wait until you calm down before you send that email. Feelings and thoughts can be difficult to interpret and easily misconstrued.
2. Never send a sarcastic email that could be taken out of context. Sarcasm and email do not mix. You can easily offend someone in an email without intent to do so.
3. Do not send email gossip. You never know where the email will end up. Just make a commitment to yourself not to participate in any gossip.
4. Never end significant relationships via email. Email is the equivalent of an electronic paper trail. Not good for any sour ending, whether business or personal.
5. If you don't want your boss or coworkers to see it, better not send that email from work.
6. Never put anything in writing that may come back to haunt you. A good overall policy. Not just for email.
7. Never, ever, hit ‘Reply to All’ when you just want to send an email to one individual.
8. Don’t email pictures of yourself to others. Especially, online acquaintances and complete strangers.
9. Don’t make promises or commitments via email that you cannot or will not keep.
10. When you send attachments, be sure that you have selected the correct files and documents.
11. Good advice from New York Governor Elliot Spitzer, “Never write when you can talk. Never talk when you can nod. And never put anything in an email.â€
12. Try BigString recallable email. If you do happen to make errors...the recallable, erasable, and non-forwardable features will help to correct such mistakes.
I have had a few email exchanges with Mark, and these are a few of his cautionary thoughts by way of how he has explained the ideas behind how it should work. Most people will not succeed with this mashup concept, or any other website scripting without the underlying concept and knowledge (or experience from learning) of how to build such a niche site.
Cranking out "out of the box" and rubber stamp solutions is what everybody else is doing. Doing the same thing that everyone else is doing online will bring the same results...which happens to be not making any money online. This also happens to mirror Einstein's theory of insanity, and he was no dummy. It's also making many people wealthy for some pretty worthless online information products.
So, if you use the script out of the box, most of your money will be made from luck or successful keyword research (aka) what words and topics you use to build these niche minisites in mass production.
Now is the time to learn. Take the time to consider doing it right. - Digital Nomad
A 25 Year Old Entrepreneur Making a Living Online from Home
You probably have read about or heard of The Rich Jerk and Chis X of Day Job Killer. If not you better stop and do a Google search right now. About 2 years ago, Holly Mann, a young mother started to successfully market directly against high profile Internet marketing gurus like these guys.
Living in a foreign country with no job and few resources, Holly decided she could research, design, and deliver a kinder and gentler approach to online marketing. Evidently she found her niche selling "How-To" information, because she has become successful in a short period of time (well, a couple of years).
"Honest Riches 2" is a 95 page proven guide. Holly shows all the techniques she has used to make money online through affiliate programs starting with no website and no start-up money, then on to free websites that can easily be setup with little or no experience, including free advertising that most people don't know or think about.
Yes, it seems possible to make money online and work from home just about anywhere (Holly lives in Thailand), but don't quit your day job just yet. You need a system and you need the right tools and knowledge to be successful. Changing your career is a life altering decision.
Before taking the leap, do plenty of due diligence and adequate research for information and resources about starting an online business and becoming an online entrepreneur. This e-book is geared for beginners, but is a valuable resource for all online marketers. No "get-rich-quick" schemes here....like any real business endeavor, it involves some effort and some work. But you will learn strategies and techniques to start making money right away.
To read more about Holly Mann techniques and other online marketers, visit Thank You Holly Mann.
After many attempts at beating a dead horse, everyone involved in the Agloco fiasco can now uncross their fingers. It ain't gonna happen. Even John Chow has finally admitted defeat along with almost 30,000 signed up in his Agloco network.
Here is a partial screenshot of his last post on the subject, and here is a link to the post about the Agloco demise at TechCruch. Like John says...it shows that all those MBAs don't always muster up success, even the second time around. For posterity, watch the video on the Agloco viewbar attributes, and think about all the gurus that were on board for this.
It may sound implausible, but it is not impossible. Follow this Digital Nomad and you know that just feeding the blogs is not going to cut it anymore. Blogging should be part of your online marketing network, but not a diversion.
I have been searching heavy for the folks that are making it online and not the wannabes. One such source is 45n5.com authored by Mark Wielgus. This guy tells it straight. You have to hunt an peck to find the good stuff, and you will have to piece it together, but I think a good start is on this website.
Mark will show you how to find a niche, create a website in 10 minutes, and then shove it in the pipeline with some SEO tricks. Theoretically, there is no reason why you could not do this everyday for a month and then have 30 minisites up and running for affiliate programs in thirty days. That's if you want to have a website between you and the merchant.
I am finding that you maybe don't even need a website to market affiliate programs, but you do have to commit to spending some money for Google Adword campaigns. Better have a pad and pen ready.
There is always something to learn. Take the time to learn something new each day. - Digital Nomad American Jobs: Going, Going...
Corporations are escalating efforts to ship out jobs that pay
well and build the middle class—and now they are aiming their axes
at workers in the nation’s fast-growing white-collar sector.
The U.S. recession that began in March 2001 officially ended in
November 2001, say the National Bureau of Economic Research and
other analysts.
So why are so many workers still out of jobs?
“We’ve declared victory over the recession, and we’re still
laying off a couple hundred thousand workers a month,” says Rep.
Pete Stark (D-Calif.). “If it weren’t so painful for so many people
who are out of work, it would be hilarious. But it isn’t.”
The U.S. economy has 3.2 million fewer jobs today than it did
when President George W. Bush took office, including 2.5 million
fewer manufacturing jobs. Bush appears headed for the dubious
distinction of being the first president since Herbert Hoover to
preside over a decline in total employment during his term in
office.
In the past three years, nearly one in five U.S. workers was laid
off from the job, according to The Disposable Worker: Living in a
Job-Loss Economy, a Rutgers University¡V University of Connecticut
report released in late July. Among workers laid off from full-time
work, roughly one-fourth were earning less than $40,000 annually,
the report finds.
In July, a total of 15 million U.S. workers were either
unemployed, underemployed or too discouraged to job hunt, according
to the Labor Department.
In contrast, within a year after the official end of the last
recession in March 1991, the nation had embarked on six straight
months of solid job growth.
This time, say economists, there are crucial differences:
Companies are sending well-paying manufacturing and service jobs to
countries with few, if any, protections for workers and the
environment. And these jobs are probably not coming back.
“The movement of jobs and production overseas is handcuffing the
recovery,” according to Mark Xandi, chief economist at Economy.com,
as quoted in the New York Times.
“With NAFTA, the World Trade Organization and other trade deals
of the last decade, American corporations are now tapping into a
global supply of workers who can be trained to do everything from
design to production, maintenance to marketing,” says Jeff Faux,
economist and founding president of the Economic Policy Institute.
“And while these workers become more productive, their pay doesn’t
rise, because in many of these countries, to be a labor organizer
means you risk winding up in a ditch with a bullet in your head.”
American jobs sent out of the country aren’t likely to return
anytime soon. “As long as employers can take advantage of much lower
labor costs in other countries, there’s no compelling reason to
bring back many of these well-paying jobs,” says Ron Hira, an
engineer and assistant professor of public policy at Rochester
Institute of Technology. “Policymakers seem to be at a loss as to
what to do about this problem.”
Meanwhile, the Bush administration directs multimillion-dollar
tax cuts to the wealthy while supporting trade laws that encourage
offshore outsourcing. And even as Bush opposes unemployment
insurance extensions for some 1 million Americans who have exhausted
their benefits, his administration refuses to embrace job-creating
programs that would repair the nation’s infrastructure and help
balance devastated state budgets.
“The Bush administration doesn’t seem to care about jobs,” says
Center for Economic and Policy Research co-founder Dean Baker. “To
retain and create jobs, there have to be policy changes, and I don’t
think this administration is willing to make them.”
Manufacturing: America’s Foundation Is Crumbling
“American taxpayers...do not
want their tax dollars subsidizing the export of
their jobs.” —USWA President Leo Gerard
Manufacturing jobs traditionally have provided high wages and
good benefits that allow workers to care for their families. But 2.5
million manufacturing jobs have disappeared since President Bush
took office in early 2001.
Multinational corporations are transferring jobs to countries
where workers earn low wages and have few or no protections. And
small U.S. businesses are laying off workers or shutting their doors
because they can’t meet foreign competitors’ prices.
African American workers have been hit particularly hard. Because
of manufacturing job losses, the unemployment rate among African
Americans is rising twice as fast as it is for whites and faster
than in any downturn since the mid-1970s. “The number of jobs and
the types of jobs that have been lost has severely diminished the
standing of many blacks in the middle class,” says William Lucy,
president of the Coalition of Black Trade Unionists and AFSCME
secretary-treasurer.
Manufacturing job loss starts the downward spiral
The loss of good manufacturing jobs has ripped apart communities
and permanently lowered living standards for families throughout the
United States, including in Rockford, Ill., 70 miles from Chicago.
The northern Illinois city is historically second only to Cleveland
as a center for machine tooling, the making of tools used in machine
manufacturing.
Machine tooling, which traditionally employs the most highly
skilled manufacturing workers including members of the Machinists
and UAW, is the bedrock of America’s manufacturing industry.
But the bedrock is crumbling. The Rockford area lost more than 20
percent of its manufacturing jobs—about 10,000—between May 2000 and
2003, according to MBG Information Services President and Economist
Charles McMillion’s analysis of Department of Labor data. General
manufacturing jobs have been among those lost in Rockford, including
jobs held by Steelworkers Local 745 members at the Goodyear tire
plant. USWA members at Goodyear now number 750, down from 1,650 in
1999, before the corporation shipped the jobs to Asia and South
America.
But most manufacturing jobs lost in Rockford have been in machine
tooling. At Greenlee/Textron, which makes drill bits and tools for
electrical contractors, about 180 Machinists now represented by IAM
Local 1553 are employed today, down from about 900 in the late
1980s. The 112-year-old crown jewel of Rockford machine
tooling—Ingersoll International—declared bankruptcy this spring and
laid off 300 employees in Rockford and 70 in Michigan, leaving only
skeleton crews of managers and a few contract workers.
“The lesson of Rockford,” says Faux, “is it disproves the free
traders’ argument that America could afford to lose manufacturing
jobs in areas like textiles and steel because we would ultimately
triumph in global competition by making the things hardest to make.
In fact, those things are machine tools—and we’re losing them.”
A loss of manufacturing jobs reverberates throughout the
community—and ultimately the nation. When manufacturing factories
aren’t being built, maintained or expanded, jobs disappear in areas
such as construction.
“Our union has about 30 percent unemployment,” says Mark Bramble,
business agent for Electrical Workers Local 364 in Rockford. “Guys
burn through their unemployment, lose all their benefits, get
divorced and then go where the grass looks greener or settle for
working as a greeter at Wal-Mart.”
A question of national security
There’s a sense of betrayal in Rockford these days. “Free trade
was sold to America with the line that it helps us export more
goods,” says Eric Anderberg, who manages his family’s 37-year-old
machine tool company, Dial Machines Inc. “But what’s happened is the
exportation of our jobs and means of production so multinational
corporations can exploit foreign labor and sell their goods back to
us.”
Today Dial employs 40 workers, down from 75 in the late 1990s. It
recently lost work to a lower-bidding Czech Republic manufacturer
that nabbed a contract making parts for a supplier of General
Electric Wind Energy Corp.
Anderberg and other Rockford employers worry that a Chinese
government-owned machine tooling company, which already has bought
two divisions of Ingersoll International, may now be poised to buy
another—one containing intellectual property, including high-level
research and design and military technology. “I cannot understand
how our government can justify not only the debasement of our
manufacturing industries but also our national security in a time of
war,” he says.
The Rockford community and U.S. national security would get a
boost from Buy America provisions House Armed Services Committee
Chair Rep. Duncan Hunter (R-Calif.) added to legislation authorizing
the 2004 Pentagon budget.
Rep. Donald Manzullo (R-Ill.), who represents the Rockford area
and helped write the bill, says, “The Pentagon wouldn’t care if
everything it buys is made in China.” Joined by armsmakers such as
Boeing and Lockheed Martin, the White House says the Buy America
provisions are “burdensome, counterproductive and have the potential
to degrade U.S. military capabilities.” But the administration does
not mention jobs.
“American steelworkers are also American taxpayers, and they do
not want their tax dollars subsidizing the export of their jobs,”
says USWA President Leo Gerard.
White-Collar Jobs: America’s Growing Export
Ask anyone which sector of the U.S. economy comes to mind as the
most likely to be shipped overseas, and chances are he or she will
say manufacturing.
But though the United States lost 2.5 million manufacturing jobs
since the Bush presidency beginning in 2001, U.S. corporations now
are racing to outsource white-collar jobs—including work in computer
sciences, engineering, entertainment, financial and medical
services—to countries where workers earn far less.
Terry Antisdel was a Chicago-area engineering associate for
Lucent Technologies Inc. and its predecessor AT&T for 35 years
until his entire 42-member International Federation of Professional
and Technical Engineers Local 81 was laid off in July. He figures
his job will end up in India or China. “The words management used
were a 'less-expensive offshore site,’ ” recalls Antisdel, who
estimates Lucent will send a total of about 5,000 U.S. jobs offshore
this year. “I feel let down,” he says. “Companies used to provide
jobs for people, but now they’re just there to give money to
executives, board members and shareholders.”
In late July, the Washington Alliance of Technology Workers
(WashTech), a Communications Workers of America affiliated group
that helps high-tech workers win a voice at work, released a tape of
a conference call in which IBM’s top human relations executives
discussed transferring 3 million U.S. service jobs to countries such
as China and India by 2015.
Testifying in June before a House Committee on Small Business
investigating the globalization of white-collar jobs, AFL-CIO
Department for Professional Employees President Paul Almeida said,
“If these cost-saving jobs shifts are taken to their logical
extreme, even American corporations should be wondering where their
future consumers will be located and how they will buy the goods and
services.”
A Forrester Research study predicts U.S. employers will move
about 3.3 million white-collar service jobs and $136 billion in
wages overseas in the next 15 years, up from $4 billion in 2000.
White-collar jobs going and gone
The jobs already are leaving. By the end of this year, General
Electric will have sent a total of 20,000 aircraft and medical
research and design jobs to India and China, according to Business
Week. And the Accenture consulting firm, which incorporated in
Bermuda after splitting from Enron accountant Arthur Andersen, plans
to send 5,000 accounting and software jobs to the Philippines in
2004, the magazine says.
According to WashTech, Microsoft plans to eliminate at least 800
full-time call-center jobs near Dallas and shift the work to India
and Canada in the next fiscal year. It would be the largest one-time
firing of full-time Microsoft employees in the company’s history.
WashTech says a Microsoft senior vice president recently urged
company managers to “pick something to move offshore today,” though
Microsoft publicly has repeated it will not lay off U.S. workers and
send the jobs offshore.
While the Bush administration remains silent about offshore
outsourcing, states such as New Jersey are considering corrective
measures. New Jersey legislators acted after the state outsourced
the electronic administration of welfare and food stamp benefits to
a company that then sent the jobs to India. When New Jersey citizens
called to ask about benefits, they were connected with Indian
workers who gave Americanized names.
A bill authored by state Assembly member Linda Greenstein (D)
would have required such offshore subcontractors to disclose to New
Jersey residents their employers’ true names and locations. But even
this common- sense measure had no chance in the face of massive
opposition launched by Indian and American corporate interests, such
as Verizon.
“We got a copy of an e-mail Verizon sent managers in New Jersey,
thanking them for sending 1,800 e-mails opposing the bill,” says Don
Rice, CWA’s New Jersey legislative coordinator. Activists and
legislators hope to bring the bill to a vote before the legislative
session ends this year.
U.S. security at stake
Offshore outsourcing of white-collar work also raises security
concerns. U.S. firms are sending mapping and other such work to
India, Pakistan, China, the Philippines and other countries with
lower labor costs, says John Palatiello, administrator of the
Council on Federal Procurement of Architectural and Engineering
Services.
“This practice raises issues regarding access to data about the
location of¡Kcritical infrastructure by individuals in foreign
countries who have not been through any degree of security clearance
and where control of access to data simply does not exist.”
Bush’s January 2002 State of the Union address made clear the
danger of access to data by unfriendly foreign operatives: “Our
discoveries in Afghanistan confirmed our worst fears....We have
found diagrams of American nuclear power plants and public water
facilities¡Ksurveillance maps of American cities and thorough
descriptions of landmarks in America.”
Activists are demanding Congress review trade and tax policies
that encourage white-collar offshore outsourcing. Without government
intervention, warns Almeida, “short-sighted corporate policy focused
on saving a few bucks in the short run will have an enormous
deleterious impact on the entire U.S. economy.”
Low-Wage Jobs: Betray America’s Workers
Laid-off U.S. workers thrust into a hostile job market
are discovering another ugly part of the American economy: low-wage
work that pays too little to keep even a small family out of
poverty.
Nearly a quarter of all U.S. workers labor in jobs that pay
little but are essential to society. Sixty percent of these workers
are female, and many are people of color. They care for nursing home
patients and clean offices at night. They prepare food, answer
call-center phones and care for our children.
These jobs generally pay less than the $8.85 hourly wage the U.S.
government says it takes to keep a family of four out of poverty.
Even so, many low-wage jobs offer only part-time hours, with few or
no benefits. And workers in low-paying but essential jobs often are
treated as disposable, quickly fired if they get sick or stay home
with a sick child.
As more good jobs leave the country, the percentage of low-wage
jobs keeps growing. By 2010, about 30 percent of working Americans
won’t be making even poverty wages, according to the U.S. Department
of Labor. A Labor Department list of the 10 occupations likely to
show the largest job growth this decade is dominated by jobs that
typically pay poorly—food preparation, customer service, office
clerking, security and food service.
This world of low-wage jobs and the workers who do them is
illuminated in The Betrayal of Work: How Low-Wage Jobs Fail 35
Million Americans, published on Labor Day by the New Press.
“Traditionally, there was a promise in this country that if you
worked hard, you could take care of your family,” explains author
Beth Shulman, an attorney and former United Food and Commercial
Workers vice president. “That promise has been broken¡Kand we have
built our national prosperity on their backs.”
No job is inherently low wage
Workers in low-wage jobs frequently are labeled as lacking skills
and in need of training to move into better-paying positions. But
while education is a traditional route to higher pay, Shulman
contends no job is inherently low wage. “Take autoworkers, who
had horrible jobs that became good ones because of unions and social
legislation,” she says. “The same thing must happen with currently
low-paying service- sector jobs. In Las Vegas, for example, the
housekeeper represented by the Hotel Employees Restaurant Employees
has decent wages and benefits thanks to unionization.”
Low-wage jobs tend to imprison the workers who perform them
because of what Shulman calls a “piling on” of hardships. Workers in
low-wage jobs are unlikely to have sick leave or health insurance or
make enough money to afford reliable transportation or child day
care. At the same time, they are likely to be in inflexible
situations in which being late or missing work can result in a quick
firing.
“It’s not just that you make less money in these jobs, but you
have none of the basic things many of us take for granted, such as
health insurance, time to care for a family member, adequate child
care, some kind of retirement security, even a telephone,” Shulman
says. “And this applies to one in four U.S. workers.”
Gap is growing between U.S. rich and poor
As low-wage work continues to replace jobs that pay well, the
U.S. economy increasingly resembles that of a less-developed nation,
with a wide gulf between rich and poor. Among all western
industrialized nations, the United States has the greatest income
and wage inequalities, with the best-paid 10 percent of workers
making 16.6 times the amount made by the lowest-paid 10 percent,
according to a 2003 analysis by the United Nations Development
Program. “That’s the way we’ve been moving for some time now and
continue to move,” says Heather Boushey, a Center for Economic and
Policy Research economist.
To reverse this trend, the United States needs to change the
rules of the game, according to Shulman. “For starters, we should
immediately raise the minimum hourly wage to the poverty guideline
for a family of four—$8.85 an hour versus the current $5.15 hourly
federal minimum wage—and then have automatic increases so there’s
not a big political battle every time it needs raising. Then, all
Americans should have access to affordable health care. There are a
variety of ways to do this, and we should just get it done.
“Finally, all American workers should be able to care for their
children—to have access to affordable child care, and to stay with
them when they’re sick or go to a PTA meeting without getting fired.
The consequences for the children of today’s low-wage workers are
enormous—they’re following their parents into this low-wage world.”
Companies in India celebrate "loss of American jobs"
One interesting comment that was documented in that article
was:
As Vivek Paul, Wipro VC, said after
the Presidential poll, “The elections are over and so is the
rhetoric; it will be easier for American corporations to step
out with their outsourcing plans.”
Well a little research has found some estimates from within
India about what that meant. First and foremost, it means that India
is celebrating the "loss of American jobs." Folks, that is the jobs
of friends, family or perhaps even your own.
Specifically on November 4, with time zone changes, roughly a
day after the polls close the following was published in the India
Times:
The industry is quietly celebrating
that outsourcing and loss of American jobs will not be the
hot-button issues any more.
And that is why they believe that "it will be easier for American corporations to
step out with their outsourcing plans." Does this mean
that American companies put their plans on "hold" to minimize the
impact on a close election?
But the folks in India gloat a little more:
Of the documented jobs that left the
US for other countries in January through March 2004, 23,396
went to Mexico, 8,283 to China, 3,895 to India, 4,419 to other
Asian countries, 5,511 to Latin American countries other than
Mexico and 2,933 to other countries.
A brief look at these numbers show what they call a documented
American job loss of 48,237 for the first quarter of 2004. On an
annual basis this would be 192,968 American jobs. And they expect
American companies to now - step
out - with their outsourcing plans.
Some will say that 192,968 jobs is not very many. But as you
will see in coming articles that is just what is called BPO and is
not the whole picture.
Lets look at the effect of three policies that affect American
jobs:
Outsourcing - In this article it has been shown that it is
at least close to 200,00 jobs a year for the BPO segment and
expected to increase
H1-B
visa program - allows high tech foreigners to take American
jobs here without being counted in immigration totals. Used by
many companies to train personnel for their foreign outsourcing
programs. There are roughly a million H1-B visas active today.
Legal immigration of about 1 million a year and illegal
immigration of about 3 million a year resulting in lower
American wages and increased social costs.
Ladies and gentlemen, you are paying the salaries of the
elected and appointed officials who are doing this to you. Is this
what you want to pay for? If so, why are you reading material on
this web site?
If not, you are being ignored!
It should be obvious to all that this trend can not continue
forever. Are there any signs that it is getting better:
A recent study of A T Kearney shows
that nine out of 10 chief executives wanted to outsource to
India. 25 % of the respondents wanted IT and auto component work
to be given to India, 15 % favoured China and 13 % Mexico.
That should answer that question beyond a reasonable doubt.
Interesting that 15% of the outsourcing chief executives favor Red
China! Remember these are the folks that make the big campaign
contributions that have so much influence on many of your elected
officials. How will you feel when YOUR job is sent to Red
China?
If you do not agree with these policies you are being ignored
and your elected officials are representing special interests more
than you! If you believe that this is a serious problem it is time
to get involved now. The longer you wait, the harder it will be stop
these destructive trends.
The BPO and your elected officials are doing offshore
calculus, are you?
BPO biggies do offshore calculus
TIMES NEWS NETWORK [ THURSDAY, NOVEMBER 04, 2004 02:13:09 PM]
India’s silicon valley is delighted to move out of the
limelight. The industry is quietly celebrating that
outsourcing and loss of American jobs will not be the
hot-button issues any more.
BPO bigwigs are already
computing the gains from mega-offshoring plans on hold waiting
for US presidential race to be over.
Though most of
the industry majors refuse to comment on who will safeguard
their interests better, they feel that economic benefits of
transfer of jobs to low cost destinations will now overshadow
the political rhetoric against outsourcing in the run up to
the US poll.
The US presidential election was fueling
the protests against job losses due to transfer of jobs.
“American law will remain the same and the outsourcing
will go up irrespective of who wins. Already, we see our
clients getting ready for bigger offshoring plans,’’ says head
of a leading Delhi-based BPO firm. Insiders also feel the
American clients might be more open to talk about their
outsourcing plans to low-cost destinations like India now.
Though Kerry’s tax proposals that seek to end tax
breaks for companies that ship jobs overseas could deter
fence-sitter, analysts feel they are no more than short-term
sentiment dampeners. After initially branding the shipping of
jobs to countries like India and China as a threat to the US
economy, Kerry has gone on record saying he can’t stop
outsourcing.
Clearly, what is of greater concern is
that a clear decision comes soon, irrespective of whether it
favours Bush or Kerry. Though Bush is more popular, the $ 2.6
billion BPO industry is convinced that “it will soon be
difficult to differentiate between Democrats and Republicans.
Obviously sector’s fate is closely tied up with the US
elections, with US accounting for over 70 % of India’s IT
exports. A recent study of A T Kearney shows that nine out of
10 chief executives wanted to outsource to India. 25 % of the
respondents wanted IT and auto component work to be given to
India, 15 % favoured China and 13 % Mexico.
Of the
documented jobs that left the US for other countries in
January through March 2004, 23,396 went to Mexico, 8,283 to
China, 3,895 to India, 4,419 to other Asian countries, 5,511
to Latin American countries other than Mexico and 2,933 to
other countries.
Costly Trade With China Millions of U.S. jobs displaced
Contrary to the predictions of its supporters,
China's entry into the World Trade Organization (WTO) has
failed to reduce its trade surplus with the United States or
increase overall U.S. employment. The rise in the U.S. trade
deficit with China between 1997 and 2006 has displaced
production that could have supported 2,166,000 U.S. jobs. Most
of these jobs (1.8 million) have been lost since China entered
the WTO in 2001. Between 1997 and 2001, growing trade deficits
displaced an average of 101,000 jobs per year, or slightly
more than the total employment in Manchester, New Hampshire.
Since China entered the WTO in 2001, job losses increased to
an average of 353,000 per year—more than the total employment
in greater Akron, Ohio. Between 2001 and 2006, jobs were
displaced in every state and the District of Columbia. Nearly
three-quarters of the jobs displaced were in manufacturing
industries. Simply put, the promised benefits of trade
liberalization with China have been unfulfilled.
As a matter of policy, China tightly pegs its
currency's value to that of the dollar at a rate that
encourages a large bilateral surplus with the United States.
Maintaining this peg required the purchase of about $200
billion in U.S. Treasury Bills and other securities in 2006
alone.1 This intervention makes the yuan
artificially cheap and provides an effective subsidy on
Chinese exports; best estimates are that the rate of this
effective subsidy is roughly 40%. China also engages in
extensive suppression of labor rights; it has been estimated
that wages in China would be 47% to 85% higher in the absence
of labor repression. China has also been accused of massive
direct subsidization of export production. Finally, it
maintains strict, non-tariff barriers to imports. As a result,
China's exports to the United States of $288 billion in 2006
were six times greater than U.S.
exports to China, which were only $52 billion (Table 1). China's trade surplus was
responsible for 42.6% of the United States' total, non-oil
trade deficit. This is by far the United States' most
imbalanced trading relationship. Unless and until China
revalues (raises) the yuan and eliminates these other trade
distortions, the U.S. trade deficit and job losses will
continue to grow rapidly in the future.
Major findings of this study:
The 1.8 million jobs opportunities lost nationwide since
2001 are distributed among all 50 states and the District of
Columbia, with the biggest losers, in numeric terms:
California (-269,300), Texas (-136,900), New York
(-105,900), Illinois (-79,900), Pennsylvania (-78,200),
North Carolina (-77,200), Florida (-71,900), Ohio (-66,100),
Georgia (-60,400), and Massachusetts (-59,300) (Table 2A).
The 10 hardest-hit states, as a share of total state
employment, are: New Hampshire (-13,000, -2.1%), North
Carolina (-77,200, -2.0%), California (-269,300, -1.8%),
Massachusetts (-59,300, -1.8%), Rhode Island (-8,400,
-1.8%), South Carolina (-29,200, -1.6%), Vermont (-4,900,
-1.6%), Oregon (-25,700, -1.6%), Indiana (-45,200, -1.5%),
and Georgia (-60,400, -1.5%) (Table
2B).
China's entry into the WTO was supposed to bring
it into compliance with an enforceable, rules-based regime,
which would require that it open its markets to imports from
the United States and other nations. The United States also
negotiated a series of special safeguard measures designed to
limit the disruptive effects of surging Chinese imports on
domestic producers. However, the core of the agreement failed
to include any protections to maintain or improve labor or
environmental standards. As a result, China's entry into the
WTO has further tilted the international economic playing
field against domestic workers and firms, and in favor of
multinational companies (MNCs) from the United States and
other countries, and state- and privately-owned exporters in
China. This has increased the global "race to the bottom" in
wages and environmental quality and caused the closing of
thousands of U.S. factories, decimating employment in a wide
range of communities, states, and entire regions of the United
States.
False promises
Proponents of China's entry into the WTO
frequently claimed that it would create jobs in the United
States, increase U.S. exports, and improve the trade deficit
with China. President Clinton claimed that the agreement
allowing China into the WTO, which was negotiated during his
administration, "creates a win-win result for both countries"
(Clinton 2000, 9). He argued that exports to China "now
support hundreds of thousands of American jobs" and that
"these figures can grow substantially with the new access to
the Chinese market the WTO agreement creates" (Clinton 2000,
10). Others in the White House, such as Kenneth Liberthal, the
special advisor to the president and senior director for Asia
affairs at the National Security Council, echoed Clinton's
assessment:
Let's be clear as to why a trade deficit might
decrease in the short term. China exports far more to the
U.S. than it imports [from] the U.S….It will not grow as
much as it would have grown without this agreement and over
time clearly it will shrink with this
agreement.2
Promises about jobs and exports misrepresented the real
effects of trade on the U.S. economy: trade both creates and
destroys jobs. Increases in U.S. exports tend to create jobs
in the United States, but increases in imports tend to destroy
jobs as imports displace goods that otherwise would have been
made in the United States by domestic workers.
The impact of changes in trade on employment is
estimated here by calculating the labor content of changes in
the trade balance—the difference between exports and imports.
Each $1 billion in computer exports to China from the United
States supports American jobs. However, each $1 billion in
computer imports from China
displaces those American workers, who would have been employed
making them in the United States. On balance, the net
employment effect of trade flows depends on the growth in the
trade deficit; not just exports.
Another critically important promise made by the promoters of
liberalized U.S.-China trade was that the United States would
benefit because of increased exports to a large and growing
consumer market in China. This market, in turn, was to be
based on an expansion of the middle class that, it was
claimed, would grow rapidly due to the wealth created in China
by its entry into the WTO. However, the increase in U.S.
exports to China has been overwhelmed by the growth of U.S.
imports, as shown below.
Growing trade deficits and job losses
The U.S. trade deficit with China has
increased from $50 billion in 1997 to $235 billion in 2006, an
increase of $185 billion, as shown in Table 1. Between 1997
and 2001, prior to China's entry into the WTO, the deficit
increased $9 billion per year on average. Between 2001 and
2006, after China entered the WTO, the deficit increased $30
billion per year on average.
While it is true that exports support jobs in
the United States, it is equally true that imports displace
them. The net effect of trade flows on employment must look at
the trade balance. The employment
impacts of growing trade deficits are estimated in this paper
using an input-output model that estimates the direct and
indirect labor requirements of producing output in a given
domestic industry. The model includes 200 U.S. industries, 86
of which are in the manufacturing sector (see this paper's
methodology appendix for further details).3
The model estimates the labor that would be
required to produce a given volume of exports, and the labor
that is displaced when a given volume of imports is
substituted for domestic output.4 The job losses
presented here represent an estimate of what sectoral
employment levels would have been in the absence of growing
trade deficits.5
U.S. exports to China in 1997 supported 138,000
jobs, but U.S. imports displaced production that would have
supported 736,000 jobs, as shown in the bottom half of Table
1. Therefore, the $49 billion trade deficit in 1997 displaced
736,300 jobs in that year. Job displacement rose to 1,000,000
jobs in 2001 and 2,763,000 in 2006. Prior to China's entry
into the WTO, an average of 101,000 jobs per year were
displaced by growing trade deficits between 1997 and 2001.
After 2001, an average of 353,000 jobs per year were lost.
Growth in trade deficits with China has reduced
demand for goods produced in every region of the United States
and has led to job displacement in all 50 states and the
District of Columbia, as shown in Table 2A and Figure A.6 More than 100,000 jobs
were lost in California, Texas, and New York each. Jobs
displaced due to growing deficits with China equaled or
exceeded 2.0% of total employment in states such as North
Carolina and New Hampshire, as shown in Table 2B. An
alphabetical list of job losses by state is shown in Table 2C.
Growing trade deficits with China have clearly
reduced domestic employment in traded goods industries,
especially in the manufacturing sector, which has been hard
hit by plant closings and job losses. Workers displaced by
trade from the manufacturing sector have been shown to have
particular difficulty in securing comparable employment
elsewhere in the economy. More than one-third of workers
displaced from manufacturing drop out of the labor force
(Kletzer 2001, 101, Table D2). Average wages of those who
secured re-employment fell 11% to 13%. Trade-related job
displacement pushes many workers out of good jobs in
manufacturing and other trade-related industries, often into
lower-paying industries and frequently out of the labor
market.
Some economists have quibbled with job-loss
numbers extrapolated from trade flows, based on the
presumption that aggregate
employment levels in the United States are set by a broad
range of macroeconomic influences, not just by trade flows.
There is a grain of truth to this—the trade balance is but one
of many variables affecting aggregate job creation in the
United States.
That said, the employment impacts of trade
identified in this paper can be interpreted as the "all else
equal" effect of trade on domestic employment. The Federal
Reserve, for example, may decide to cut interest rates to make
up for job loss stemming from deteriorating trade balances (or
any other economic influence), leaving net employment
unchanged. This, however, does not change the fact that trade
deficits by themselves are a net
drain on employment.
Administration officials and other economists
have argued that the capital inflow that is the mirror-image
of trade deficits supports jobs in the United States by
keeping interest rates lower than they would be absent this
inflow. During the late 1990s, for example, these capital
inflows fought rising trade deficits to a draw in terms of
aggregate employment effects, and, through much of the 2000s
recovery, interest-sensitive industries (housing and
construction, for example) have surely expanded more than they
would have absent foreign capital inflows. While these claims
may be correct from a simple accounting standpoint, they do
not support assertions that trade flows are a useless
indicator of job loss.
First, and most simply, it is just not true that
foreign capital inflows always make up trade-induced
employment losses one-for-one. In the 2001 recession and the
jobless recovery following, growing trade deficits accompanied
aggregate job loss, even as interest rates scraped historical
bottoms. Clearly, low interest rates do not always translate
into enough growth in investment and consumption in
interest-sensitive sectors to always sterilize the impact of
growing trade deficits.
Second, the job-loss numbers identified in this
report are a good measure of just how unbalanced the U.S.
economy has become due to rising trade deficits. Tradable
goods industries have hemorrhaged jobs, while
interest-sensitive, often non-tradable, industries have seen
rapid growth. At that point in the future when trade deficits
begin to close (and this will happen—it is only a question of
when and how), the U.S. economy will need to return many of
the jobs displaced by rising trade deficits out of
non-tradable and into tradable industries. Moving millions of
workers back and forth between sectors is no mean trick, and
accomplishing it without a recession in between will be hard;
trying to do it after another couple of years of deficit
growth—and an even more lopsided U.S. economy—will be even
harder.
In short, while aggregate employment in the
United States may well not respond job-for-job with the
numbers reported in this paper on trade deficits with China,
these numbers provide insight into how much harder other
macroeconomic influences have to work to eliminate the
employment drag from these deficits, and they provide a good
(and ominous) measure of how lopsided employment growth in the
U.S. economy has become owing to the unbalanced U.S.-China
trade relationship.
Conclusion
The
growing U.S. trade deficit with China has displaced huge
numbers of jobs in the United States, and been a prime
contributor to the crisis in manufacturing employment over the
past six years. The current U.S.-China trade relationship is
bad for both countries. The United States is piling up foreign
debt, losing export capacity, and facing a more fragile
macroeconomic environment. Meanwhile, China has become
dependent on the U.S. consumer market for employment
generation, has suppressed the purchasing power of its own
middle class with a weak currency, and, most importantly, has
held hundreds of billions of hard-currency reserves in
low-yielding, risky assets, instead of investing them in
public goods that could benefit Chinese households. Its
repression of labor rights has suppressed wages, thus
subsidizing its exports and making them artificially cheap.
This relationship needs a fundamental change: addressing the
exchange rate policies and labor standards issues in the
Chinese economy are important first steps.
April 2007
The author thanks Lauren
Marra for her research assistance and Josh Bivens and Ross
Eisenbrey for comments.
This research was made
possible by generous support from the Alliance for American
Manufacturing.
Methodology
This analysis
utilizes an input-output model to estimate the relationships
between changes in trade flows and production that could
support domestic employment. The analysis covers trends in
goods trade, which is dominated by manufactures. Services
trade is not considered because of problems with the data, and
because many of the services traded involve returns to capital
and intellectual property that have little or no direct effect
on employment. In addition, goods trade dominates the nation's
international accounts.
This study uses the model developed in Rothstein
and Scott (1997a and 1997b). This approach solves four
problems that are prevalent in previous research on the
employment effects of trade. Some studies look only at the
effects of exports and ignore imports. Some studies include
re-exports (transshipments)—goods produced outside the United
States and shipped through this country to other nations—as
U.S. exports. The trade data used in many studies is usually
not adjusted for inflation. Finally, a single employment
multiplier is often applied to all industries, despite
differences in labor productivity and
utilization.7
The model used here is based on the Bureau of
Labor Statistics' employment requirements tables, which were
derived from the U.S. input-output tables that are published
by the Bureau of Economic Analysis. These tables are adjusted
to 2000 price and productivity levels (BLS 2007b), in real,
chain-weighted 2000 dollars. A base year with 2000 employment
requirements was used to estimate the employment content of
trade in all years covered in this study. This assumption was
needed to control for the effects of technology. This
technique isolates the effects of trade on employment from
pure technology effects. This model is used to estimate the
direct and indirect effects of changes in goods trade flows in
each of 200 industries. This study updates the 1987 input
employment requirements table used in earlier reports in this
series (Rothstein and Scott 1997a, 1997b).
This analysis requires four-digit, trade data
based on the North American Industry Classification System
(NAICS) (U.S. International Trade Commission 2007), deflated
with industry-specific, chain-weighted price indices (BLS
2007a), which were updated using industry-specific producer
price indexes (BLS 2007b).8 Trade data were
downloaded from the U.S. International Trade Commission (2007)
Web site in NAICS format. The data for 2006 are preliminary
estimates; this report will be updated and expanded when the
final 2006 trade data are released in June 2007. State-level
employment effects are calculated by allocating imports and
exports to the states on the basis of their share of
four-digit, industry-level employment for 2000 (U.S. Census
Bureau 2001).
The trade data were converted into
chain-weighted 2000 dollars. A domestic employment
requirements table for a particular base year was used to
estimate the employment effects of trade in each year of the
analysis, holding technology constant. The domestic employment
requirement calculates the labor required to produce all of a
given product within the United States. Thus, it reflects the
complete labor content of output, including jobs indirectly
supported in service industries. The base year of 2000 was
chosen for this study because it was an approximate mid-point
in the data covered in this study.
CPS data on employment by industry by was
collected for each of the detailed sectors in the model. These
data were used to calculate each state's share of national
employment.
References
Bureau of Labor Statistics, Office of Employment
Projections. 2007a. Special Purpose
Files—Industry Output and Employment. Washington, D.C.:
U.S. Department of Labor. http://www.bls.gov/emp/empind2.htm.
Bureau of Labor Statistics, Office of Employment
Projections. 2007b. Special Purpose Files—
Employment Requirements. Washington, D.C.: U.S.
Department of Labor. http://stats.bls.gov/emp/empind4.htm.
Bureau of Labor Statistics. 2005. Access to
historical data for the "B" tables of the Employment Situation
News Release. http://stats.bls.gov/ces/cesbtabs.htm.
Faux, Jeff. 2007. Globalization That Works for Working
Americans. Briefing Paper #179. Washington, D.C.:
Economic Policy Institute. http://www.sharedprosperity.org/bp179.html.
Ratner, David. 2006. "Appendix: Methodology and
Data Sources", in Faux, Jeff, Bruce Campbell, Carlos Salas,
and Robert Scott. 2006. Revisiting NAFTA:
Still Not Working for North America's Workers. Briefing
Paper. Washington, D.C.: Economic Policy Institute. http://www.epi.org/content.cfm/bp173
Rothstein, Jesse and Robert E. Scott. 1997a.
NAFTA's Casualties: Employment Effects on
Men, Women, and Minorities. Issue Brief. Washington,
D.C.: Economic Policy Institute. http://www.epi.org/content.cfm/issuebriefs_ib120
Rothstein, Jesse and Robert E. Scott. 1997b.
NAFTA and the States: Job Destruction is
Widespread. Issue Brief. Washington, D.C.: Economic
Policy Institute. http://www.epi.org/content.cfm/issuebriefs_ib119
Scott, Robert E. 2005.
U.S.—China Trade, 1989-2003: Impact on Jobs and
Industries, Nationally and State-by-State. Working
Paper # 270. Washington, D.C.: Economic Policy Institute.
January. http://www.epi.org/content.cfm/wp270
U.S. Census Bureau. 2001. 2000 Basic Monthly
Survey of the Current Population Survey. U.S. Department of
Commerce, U.S. Census Bureau. Washington, D.C.: U.S.
Department of Commerce. http://www.census.gov/cps/
1. These purchases financed about one-quarter of
the U.S. $857 billion current account deficit in 2006 (the
broadest measure of all U.S. trade and income flows). But for
these purchases, the reduced demand would have put significant
downward pressure on the U.S. dollar. A substantial
depreciation in the dollar would begin to improve the U.S.
trade deficit within a few years.
3. See Ratner (2006) for a more complete,
technical description of this model.
4. For the purposes of this report, it is
necessary to distinguish between exports produced domestically
and re-exports—which are goods produced in other countries,
imported into the United States, and then re-exported to other
countries, in this case to China. Since re-exports are not
produced domestically, their production does not support
domestic employment and they are excluded from the model used
here. See Table 1 for information about the levels of U.S.
re-exports to China in this period.
5. This model assumes that everything else is
held constant and the results are counterfactual
estimates.
6. See the methodology appendix for
computational details.
7. Other studies—see California State World
Trade Commission (1996), which finds 47,600 jobs created in
California from increased trade with Canada alone—have
allocated all employment effects to the home state of the
exporting company. This is problematic, because the
production—along with any attendant job effects—need not have
taken place in the exporter's state. If a California dealer
buys cars from Chrysler and sells them to China, these studies
will find job creation in California. However, the cars are
not made in California; so the employment effects should
instead be attributed to Michigan and other state with high
levels of auto industry production. Likewise, if the same firm
buys auto parts from China, the loss of employment will occur
in auto-industry states, not in California.
8. Industry-specific producer price indices are
unavailable for certain industries between 2005 and 2006. In
order to construct price deflators for all 200 BLS industries,
we used a combination of commodity PPIs and industry PPIs. For
instance, NAICS-based industry 3331 (which maps to BLS
industry 72) is composed of agricultural, manufacturing, and
mining machinery manufacturing. To compute a price index for
this industry, a trade-weighted average of the commodity
indices for agricultural machinery and construction machinery
was used as a proxy for the industry PPI. Industry PPIs were
used wherever available.
Outsourcing Not the Culprit in Manufacturing Job Loss
Productivity gains spawned by factory automation are driving a worldwide decline in manufacturing
jobs, even in developing nations, says researcher.
For many Americans, the word “outsourcing” conjures up images of
manufacturing job decline. But the United States is far from alone in losing
manufacturing employment, points out Dan Miklovic (shown above), vice president
and research director at GartnerG2, the business research arm of Stamford,
Conn.-based Gartner Inc. “Recent studies show that manufacturing jobs are
declining everywhere,” said Miklovic, during a Nov. 17 panel discussion on
outsourcing, part of a Global Media Summit sponsored by Rockwell Automation,
Milwaukee.
Over the past decade, U.S. manufacturing jobs have declined by more than 11
percent, Miklovic noted. But at the same time, Japan’s manufacturing employment
base has dropped by 16 percent, while the number of manufacturing jobs in
countries including Brazil have declined by some 20 percent, he pointed out.
“And one of the largest losers of manufacturing jobs has been China,” Miklovic
added. “We like to pick on China and say that all of these jobs are going to
China, but they’re losing jobs in manufacturing as well.”
The reason for the job losses? Miklovic summed it up in one word: automation.
Through automation, he said, “we are really doing a good job of improving the
productivity of people.”
Miklovic reminded media attendees at the panel session that 25 percent to 30
percent of the U.S. population was at one time involved in agricultural jobs.
But today, only 3 percent of Americans work in agriculture, yet they have turned
the United States into a net agricultural exporter, he noted. “The same thing is
now happening in manufacturing,” Miklovic said. “Through automation, through
improved productivity, we’re driving the number of jobs down on a global
basis.”
Job loss in India
Confirmation came from another panel participant, K. Muralidharan, senior
general manager for Sundram Fasteners Ltd., a major Indian automotive parts
manufacturer. In India, he said, growing use of automation is holding down
manufacturing job growth despite the large amount of outsourcing work that is
flowing to the country. “I find that outsourcing in India has actually cost jobs
in Indian industry, though in the long term, it will probably have a positive
effect on employment,” Muralidharan said.
Manufacturing employment remains at about the same level in India today as it
was during the recession of the late 1990s, according to Muralidharan. “The
Indian economy is booming now, and it is predicted that in the next five years,
the curve will only be upward. But still, the jobs and employment are not really
growing at the same pace,” said Muralidharan. “The economies of scale that have
been created due to outsourcing from developed countries have forced Indian
industry to take on automation heavily, which was not the case about 10 years
back,” he said.
GartnerG2’s Miklovic noted that the use of automation contributes to a
cyclical situation in many industries. When a U.S. manufacturer develops a new
product, for example, the company has first-mover advantage for a time. But in
the next phase, when other manufacturers enter the market, competition often
shifts to price. In response, some U.S. producers may move manufacturing
offshore to developing nations, to take advantage of lower labor costs. However,
said Miklovic, they frequently find that the level of automation and technology
available in developing nations is less than that of the United States.
This means that U.S. manufacturers who then invest in sophisticated
automation technology at home can gain the upper hand for a time over
lower-priced imports, thanks to the higher quality product allowed by the
automation, said Miklovic. But the automation technology used in the developing
nations eventually catches up, giving products produced there the advantage, he
added.
“We see this in semiconductors all the time,” Miklovic said. “Semiconductors
typically have been produced in Japan and Taiwan. But now there is a booming
semiconductor market that’s starting in China.” While the density and
sophistication of semiconductor chips produced in China cannot yet match that of
Japan and Taiwan, said Miklovic, China’s technology is moving in that
direction.
“Automation only works for a period of time,” said Miklovic. The lesson for
manufacturers is that they must continually reinvest in automation and
innovation, he said. “If you stand still, ultimately you lose.”
All programming done by Americans
Sure it cost us more to build the Inetekk technology by ourselves and outsourcing to US programmers and US software developers. The prospect of sending our work abroad was never a consideration. Primarily doing so we lose the security of proprietary development to another country were we have little if any legal control regardless of how cheap that option could be. Then quality and communications is another factor, but we are also sensitive to doing business within our culture because of the process of getting what we are looking for and having the ability to have laws in effect that protect our interest in getting just what we are paying for.
Customer support by Americans
We are constantly getting offers to do our work at deep discounts by these foreign nationals, primarily India, but we are not cheap price motivated. Even our support service is run by Americans in America. We may ad to our support from Australia, but that is because they can offer the needed time frame for that region, not a cost consideration, so we can offer 24/7 seamless support for our clientele. Plus we have many Australian and New Zealander subscribers using our services and we love their accents.
Collocation in San Jose, CA USA
When we first started building the Inetekk systems, we went from a shared server in Florida to needing our own servers. We could have co located our servers in a foreign company for 1/3rd the cost but we realized by doing so our proprietary technology and secured databases would be at risk. Not a good idea. So we contracted with a well know company in San Jose. This was expensive but a very good decision. As the Internet has grown, the necessity to keep your data well secured is of the utmost importance and again, keeping this service local has proved to be a very good decision.
Servers built in USA
As we started building our server farm, again quality and service were the key issue. We went to a local shop in San Diego and hired them to build them. The first server, unaware to us, was built from foreign parts and within weeks the server started having failure issues. From then on we have demanded that all parts be US made as best we could and we have never had issues since. Our farm now runs with US made servers like NetAps, Intel, etc.
IT services by Americans
As with any server farm and web systems, having good IT professional's is imperative, and again, we hired US IT database engineers and server engineers. Same reason as our security is key and far more important than cost. For example, to use foreign IT services cost around $10 per hour. US costs are around $150 per hour. In my humble opinion, you get what you pay for.
The bottom line is future forecasting. I subscribe to the belief that our customers deserve the very best. Not only in the quality of the service, or the best customer support, but also security and the dedication to keep Inetekk around for the long run delivering the very best.
It seems the the big corporations in the US have lost sight to this fact and are all heading for serious issues as they continue down this road to losing control of their companies to the quest for seeking the lowest prices regardless. Take the Mattel toy company for example. Not long ago all their toys were US built. Today, they have lost major market share because the toys the sell now coming from Red China are toxic and low quality. It is scandalous that our children are getting toys painted with lead paint.
Q: I've been out of work for nearly five months, and the prospect of getting
a job in my field (mechanical engineering) doesn't look good -- unless I want to
move my family across the country. I've always wanted to have my own business,
but I'm worried about the comparative lack of job security that goes with it.
What's your opinion? I'm over 50 and in good health. -- Deidre N.
A: You have a lot going for you: you've always wanted to have your own
business, you're over 50, and you have good health. Security? You don't have it
now, and you didn't have it when you got laid off. I don't think there's
anything more secure today than working for yourself. Companies will cut any
costs they have to just to stay in business, and the popular trend for the past
several years has been to cut staff -- fast. And consider this: when you work
for someone else -- big company or small -- only a few people -- your boss and
one or two more managers -- control your future security. But with your own
business, if you lose a few customers, you still have others to back you up.
I've always thought that having my own business gives me more security, not
less, than I'd have if I worked for someone else.
Another stunning fact of life: at 50, you're more likely to be more
successful at hiring yourself than trying to convince someone else to do it.
Fortune magazine once ran a cover story: "Finished at Forty," detailing the
corporate trend of hiring younger people. As one CEO put it: "Why should I hang
on to someone who's over 50? He's tired of the long hours and wants to spend
more time with his family. He probably hasn't kept up with the newest
technology. I have to pay him $75,000 a year or more, and he argues with me. I
can hire someone in his 30's and pay him $35 to $40,000. He'll work 60 to 70
hours a week without complaining, and he won't argue with me. This is a
no-brainer."
What Do YOU Want?
My best advice: do what feels right for YOU. When you're motivated and
committed to a career you really like, the money and security usually take care
of themselves. There's a big difference in putting in 50-60 hours a week into a
job you love, and one you just feel so-so about. If you don't look forward to
going to work when you get up in the morning, you're in the wrong job. Life is
too short to work at a job you don't like.
Think carefully about how you want to spend one-third to half of the rest of
your life (your waking hours). It you really think it's time to have your own
business, then write your answers to these questions. They'll also form the
foundation for a good business plan -- an absolute must if you want to
succeed.
How would you describe your business (name, location, product/service?)
How would you describe your total target market -- the customers who will be
willing to pay you for your products/services?
What industry, local, or consumer trends or needs will you react to?
How would you analyze, and then describe your competition (how many; current
prices; their strengths/weaknesses)?
What are your marketing and business goals?
What are your first-year growth problems -- and how will you solve them?
What finances will you need to start the business and keep it going until it
can stand on its own? How will you get them?
What's your operating plan for the next five years? (At least half of the new
businesses started each year fail within the first 12 months. You must plan for
a long-term business.)
What's your management plan to control and develop your basic
operation/service?
What equipment, inventory, labor, space, overhead do you need?
Talk to Your Banker
Once your business plan is ready, prepare your personal financial statement
(all your assets and liabilities). Next. prepare a projected balance sheet and
profit and loss statement for your business -- at least for the first year. Then
it's time to meet with your banker.
A good banker can advise you on the likelihood of your succeeding in getting
a loan. He or she can point you in the right direction to get additional
information. An excellent source for learning about starting your own business
is on-line: Search for "sba.gov" and you'll discover a site that has all you
need to know to write your business plan and finance your business. You'll even
have models of nearly 100 business plans to study and benefit from. The rest is
up to you -- and your energy and commitment.
Bill Repp is president of Organization Development Group, and has
extensive experience in creating and delivering programs in marketing,
communication, team building and business writing. E-mail Bill Repp at billrepp@rochester.rr.com
NOTE: All of these testimonials are recent and unedited
When you subscribe to the Sohomatic back office you will be able to meet many of these people and hear their recorded meeting talking about what this system has done for them.
Butch Hamilton
My name is Maria Angelozzi. I signed up previously, as a Silver member and was truly, amazed with what the system has to offer . I want to Thank Thom, and Mike, for putting such a Wonderful system together, and allowing others to share in this Wonderful Opportunity! I also, want to Thank the Trainers, they are all Wonderful! :)
Thanks Again,
Maria Angelozzi
I became Gold Veretekk member in April 2007 and just recently started working on SEO. Today I got #20 out of 438 million for submit or post on Google, #1 for submit or post classifieds out of 56.7 million and for submit or post classified I got #'s 1,2,5,21,26,27,39,41,45, and 46. I get good results also for submit or post classified ads, submit or post classified ads free, and submit or post classified ads free, online.
For the keywords free premium email leads I have the first 5 returns and the 10 return on page 1 of Google. I am anxious to see what this will start doing for me. This really is working!
Lonny Heiner
I am amazed at finding my website at the top of the list in Google. Try keywords "premium leads verified" to find my press release and my PremiumLeads.biz website. I also use the Veretekk SEO training to get my wife's website at the top for the key words "art and fine craft front range". Her website is Rosahnda.ws I thnk Veretekk is the best in teaching SEO and I do not find anyone else doing it. Other website builders give me the feeling that it is "optional" and they do not tell you where to get the training. Score a big one for Veretekk!
Ron-Smalley
Veretekk Internet Marketing At Its Best
Today I had a pleasant surprised whilst researching for an article on the importance of personal branding to improve SEO results. I discovered that as a result in putting into practise what is preached by the trainers in Veretekk and by use of the Veretekk Search Engine Marketing Portals it is possible to get prominent positions in Google.
I was a Silver Veretekk member for two years before I discovered the power that lies within the Veretekk Marketing System. It is not an easy system to understand but with the expert help of trainers such as Butch Hamilton and Leo Silvestri, I began a journey which is leading me on the road to my goals.
My business is growing with out having to send out emails, surf for hours, join traffic exchanges and safe lists. My sites are taking on a life of their own and people are contacting me, and as this success is growing, I am able to pass on what I am learning to others and it is most rewarding.
I still have much to learn in this ever changing Internet world but can honestly say there is nothing to match the Veretekk Marketing System
David Ogden
There are more, a lot more, but you get the picture.
Last months unemployment figures were the highest for 34 years with a further 598,000 jobs lost and the trend is expected to continue with some experts expecting it to reach 9% by the end of the year. Long term unemployment is also growing with 2.6 million people being out of work for over six months. 
ahead provided their are changes in management who
caused the problems in the first place. The USA cannot afford to close the
plants down but will need to make them more efficient.
