This N' That on Making money, Schooling, Credit, Magazine recomendations.

 If you have not read the book “Who Moved My Cheese” You should. Many jobs that where growing over the last decade are receding now that we have come through the latest economic shift. Expect declining employment numbers in jobs in Auto Manufacturing, Real Estate, Construction, Banking, and many other related categories. Having an alternative plan in the event your area of employment faces layoffs seems prudent.

If making money is your goal you should be reading Money and Forbes magazines. There are plenty of other publications I could suggest but these two are at least the basics.

Credit is tight and many venders are requiring pre-payment before they ship out orders. The old net thirty billing is going away. If you are planning on starting a business keep in mind that vender, bank and credit card, credit is tight. If you have a business cash will get tighter so liquidity is becoming the necessity.

Big banks make a lot of money when interest rates are low as they are now. They pay close to nothing to get funds and make a larger profit spread of low rates then when interest rates are high. Big Banks have no incentive to lend to consumers or business people. The government will borrow all the money they have and lend them all they want while paying them to do so. Why should they lend to you? The big banks where a major contributor to the financial collapse and the big banks are the major inhibitor to the nations recovery. The banks are no longer your friend and may well have become your financial enemy. I could explain this statement but those of you who have experienced this already know it, and the explanation would require me to be negative in my thinking and mood. I find negative thinking to be non-productive. Suffice it to say, spread your business around, shop the fees banks charge, and take nothing for granted.

Deals: I live in San Antonio, Texas an area that has been spared the worst of the melt down. Even so I keep running across deal after deal. Real Estate is priced cheap, auctions of failed businesses, other assets that can be picked up cheap and resold, businesses that could be started. So many opportunities it is all I can do to restrain myself. I keep reminding myself that I need to stick with income properties as that has made me the most money over time. My point is, look around you, there is opportunity everywhere. Learn to Think Rich.

Traffic is down: It is interesting that traffic on Towards Wealth is down. You would think just the opposite should happen in bad economic times. I think it might be that people are looking for a quick fix and we who have made ourselves rich know there is no such quick-fix. The average millionaire took seventeen years to get there from the time they started applying themselves to the task. If you get started and follow the advice contained on Towards wealth you could do it in ten years. But lickity-split just is not in the cards.

 Schools: Many millions of people are going back to school looking for that new employment training.

Much of the training does not prepare students for the job market. The schools make the prospects sound good but often do not deliver on the promise. This is a major problem. Billions of dollars are being rung up in student loan debt that makes the student's financial position even worse. Check that employers actually will consider you before taking the course. Call potential employers HR departments, and ask what schooling they require and what certificates or accreditation. it is that easy

God gave you twney four hours today...make the best of them