Tuesday, September 23, 2008

Sept. 23, 2008- How to Deal With Changing Environments

WOW.....What a week so far. It has been a little crazy to say the least.

The Government now owns a majority stake in AIG, the lending giants of Freddie Mac and Fannie Mae, and is now discussing a way to save the financial markets. Does anyone else think this is a litte crazy? I certainly do. What is the government doing getting involved in financial markets? Where does it end? Why aren't they helping you and me...the small guys?

Well at the sake of not venting too much, I want to share a few thoughts with you:

1. If you are wondering what is going to happen in the future you are not alone. Now is the time to make sure your planning is set for tax efficiency for sure. THE GOOD NEWS is we have only had 2 phone calls. My clients are diversified with the bulk of their money in safe investments. Safe investments will probably be the way to go in the near future.

2. Tax efficiency is going to be one key component going forward. The government is greatly underfunded as it is, now they are going to bail out banks. Hasn't this happened once before? (savings and loan). They are proposing similiar scenarios for our current environment. The impact on the average tax payer is projected to be somewhere around $20,000.

3. There will be great opportunities in the future. Yes, it sounds bleak, but there are more millionaires made in a down market that a good economy. One of which is owning your own business. One place to seek out your own business with a small start up costs is a direct selling company. One I like is Mona Vie.

Log onto www.thegreatproduct.com/johnnavin to see if you have any interest.

Another link to view is one describing this great product http://thejuicefacts.com/facts.html.

There are many good opportunities out there. IF you have a good suggestions please post your thoughts here.

THE QUESTION: How long do you think the economy is going to struggle??


Please share your thoughts!

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