Plan B

According to the news of late, the economy has officially been in a recession since December of 2007. It was also stated that it will be a few years before housing prices and value goes back up. In fact it was stated on the news that your house, for the immediate future, should just be looked at as a place to live.

Whats interesting to note is that when you look at what is classified as peoples number investment and vehicle, its their home. Well, this economy has pretty taken that right out of the picture. Unless you had a long standing and existing HELOC on your house that you could use for emergency expenses, or other investments, for most they dont have a source of money with which to invest. Since most of the United States does NOT save their money, it would be safe to say most dont have anything to fall back on.

For me, I have begun a home based business of my own. It offers tax advantages just like other business models. I dont have employees to concern myself with, minimal overhead, no unions...NONE of that. I am working on my Plan B. If you are reading this, what is YOUR Plan B. Can you fly to Washington and ask for a bailout..perhaps give them a plan of much you plan to save? Maybe the bank wont ask for their money, or your cell phone bill will stop for a while. That is all Residual Debt. We ALL have it.

The key is finding options to provide residual INCOME for yourself and family. I myself would rather take a chance at this or something than wait for my house of cards to fall around me. I am educating myself for SUCCESS NOW.