Where is your check???

Ok, in case you are living in a vacuum, things are clearly not well at this time. If you live in NY, the DOOMSDAY budget has been announced and the STAR Tax rebates are going to be cut. Oh, and now you are going to be taxed on the music you download, your haircuts...oh if you LOVE regular soda..YEAH thats going to cost you as well. A proposed 18% (yes I said 18%) tax on all NON-diet sodas!

Lets face it...the government FINDS new and innovative ways to get more more for itself when it needs to. Hey, the environmental protection fund is even being slashed...gotta make money even at the expense of the planet. We should take a good look at the government as an example of the drive and innovation it uses to leverage you. Funny thing with this kind of leverage is that, YOU really get nothing out of it. The long Island railroad raised rates and is using less cars. Hmmm, when was the last time someone told you a good business idea was to pay more for less? Be that as it may..WE HAVE NO CHOICE.

So here is the point...WHERE IS YOUR CHECK? Your tax rebate check is not coming. You are paying more for less train service. Education at SUNY schools will cost more...and you HAVE to do it on the SAME dollars you are WORKING for! I dont think many of us, if any, can expect a bonus this year. (If you do, can you spare some?)
If the government puts all kinds of new measures to get more money from you, what measures are you using to get more money for YOURSELF?

I am not here to say that one way is the right way. The point of these discussions is to open minds to all alternatives and ventures. Right now, I may not jump into the market if I had little to work with. Keep in mind I said LITTLE. Warren Buffet has alot and is putting money into the market because...well he can afford the hit. Most of all, he understands business and how the market will turn. Therefore, by positioning himself at a time when things are not so good, he will benefit greatly later. Most of us dont position ourselves to take advantage of market trends or business opportunities. The key here is POSITIONING... The rest of us need to start positioning ourselves to generate multiple streams of income.

Here is some information that is interesting to note. As an economy slides, home based business increases. Why? Lets use Warren Buffet again. He is taking full advantage of the down market.In fact just recently, an article on the business web site Motley Fool literally titled an article "Is Warren Buffet Insane?" (Here is the linkhttp://www.fool.com/investing/value/2008/11/28/is-buffett-insane.aspx) Note the end of the article. Essentially it says that Buffet always looks at the long term goal. The point is that in down times, Buffet seeks to take advantage. Therefore, looking into something at home right now makes sense! Thats why more home based businesses start in down economies. So if statistically this is true, why not try it for yourself?

Its fair to say emulating at least the thinking and strategy of Buffet or others who know about finances is a good thing. For the rest of us, there are opportunities out there. Buffet continuously researches his stocks, business holdings etc to assess for value. For myself and the associates I deal with, we have done our own research and determined right now, the health and wellness industry is the way to go. As I have stated in previous posts, more people are becoming health conscious as medical costs continue to rise. Dont think so. Governor Patterson of NY proved that point by suggesting a whopping 18% tax on NON-DIET sodas. Since obesity and diabetes are plaguing this country, why not help the state government out while getting people even more health conscious. In fact, doing that would thrust more people to this realm because not doing so comes at a physical price and now financial price.

I dont want to stretch this any further. For myself, RESIDUAL income is the answer. Getting consistent income coming in without having to exert more and more physical effort (LINEAR INCOME). Warren Buffet, John D. Rockefeller, Bill Gates, Alexander Graham Bell, Thomas Edison..all of them took hold of new concepts, trends and needs in the public and built upon them to make generational income. Buffet, he just made alot of money in so many areas its insane. Rockefeller had an oil company, developed pipeline networks stations and helped bring big oil to the U.S. Bell, came up with the telephone. From there the 1st network was born to improve personal communication throughout the world...Atlantic Telephone and Telegraph...AT&T. Edison, developed the light bulb...a network of electrical systems were then born to utilize this new invention. For myself, providing healthier options for people and creating residual income in this day in age...THAT IS THE NEXT WAVE....ITS GROWING!! I will get my check. Will you?