Archive for November, 2011

Didn’t the Super Committee Save You?

The “Super Committee” Was Formed

But Not Given Any Super Powers!

So where do we go from here?

DeficitSpiral Didnt the Super Committee Save You?

Super Committee = Super Calamity

So the facts are clear:
No one from the government is going to solve the economic problems facing you.
You are on your own!

Let’s put the problem in perspective. Our federal government is spending 40% MORE than it receives in revenues. How long could you run your household (or business) spending $140,000 per year on a gross income of $100,000?

This means the economy is more than 40% a complete illusion.

We are receiving services, driving on highways, and enjoying benefits that are NOT paid for!

The net result of more than 40 years of these policies is that the federal government (not even counting state and local governments) has accumulated $15 TRILLION in debt!

Another dose of reality:

The federal government wants to increase taxes on those earning more than $250,000 per year. What if they confiscated 100% of this $250,000 income?

$15 trillion = $250,000 times 60 million!

This is basic multiplication:

It would take 100% of the GROSS income of 60 MILLION people to eliminate the $15 trillion deficit.

Bad news: Obviously, this is not possible!

First of all, you can not confiscate 100% of the income of people.
Secondly, there aren’t 60 million Americans that earn $250,000 per year. There are only about 150 million total households in the U.S. and HALF of these not only don’t pay ANY taxes but are net recipients of government benefits!

So what is the bottom line?

1. Taxes are going to HAVE to increase!
2. Government benefits and services are going to HAVE to decrease!
3. You are going to HAVE to earn MORE to offset these realities!

Now you have to make a choice: find a way to earn substantially more at your current job, OR…

add another stream of income (or a combination of both.)

Check out the Making Money section of this blog to learn how to go on offense. There are MANY ways to increase your income, working part-time from home using the power of the Internet!


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Randy Reek

Randy writes about topics that affect your finances, including Making Money and Saving Money. Randy is especially passionate about entrepreneurship. The Marketing Training section includes EXACTLY what Randy is using NOW to earn a full-time income as an online marketer - and how you can do the same! If you think any of the posts or articles would be interesting to others, please forward to your contacts. Follow Randy also on Twitter and Facebook!

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Don’t Kill Your Online Business Before It Starts!

Don’t Fool Yourself! Online Business Is Tough!

An Online Business Will NOT Solve ALL Your Problems!

Let me challenge you with this statement: There is a difference between what you EARN and building WEALTH.

automatic millionaire65 Dont Kill Your Online Business Before It Starts!

The Automatic Millionaire, by David Bach


This concept is from David Bach’s book, The Automatic Millionaire.

In this book, Mr. Bach challenges readers to break free from the “normal” race, a race that looks like this for most people:


GO TO WORK…MAKE MONEY…SPEND MONEY…
GO TO WORK…MAKE MONEY…SPEND MONEY…
GO TO WORK…MAKE MONEY…SPEND MONEY…

Many call this the “rat race”, and most people work 40, 50, or more hours per week. Then they still have almost nothing because they spend all (or even a little more) than they earn. Worse yet, after following the 40-40-40 “plan” (you know, work 40 hours per week for 40 years, and then try to “retire” on 40% of what you used to make!) they THEN realize that they saved and invested too little and have not accumulated assets.

David Bach offers a simple solution: pay yourself FIRST!

Simply take 10 percent from your paycheck and have it deposited – AUTOMATICALLY – in a savings account BEFORE you have a chance to spend it!

(Mr. Bach also acknowledges that if you are currently over-spent that you will need to make some changes in your lifestyle to make this strategy possible. Plenty of suggestions are found in the book and his website.)

BUT – when you gain control of the outflow of cash you can start to work towards the 10% goal. You may have to start at 3%, or less! But eventually, separating out 10% will be both painless and rewarding!

So what does this have to do with becoming a self-employed, online business person?

Well, as an online marketing training mentor I receive inquiries from many people who are thinking about starting an online business. Most are still working at a full-time job (sometimes caustically referred to as a J.O.B. – that is, “just over broke”!)

No matter how pure and ambitious your goal, if an online business is sought as a way to offset irresponsible spending habits you have a tough obstacle to overcome.

To put it another way, if you have the bad habit of spending more than you earn, what is going to change when you add some income from your online business?

Don’t you already have your eye on MORE things you are going to buy with the “new income”?

Or maybe you are hoping to maintain the same lifestyle with less income (“retiring” your spouse or moving from a full-time job to part-time.)

Regardless of your current financial situation, I would like to endorse David Bach’s “Automatic Millionaire”. You will learn that your “wealth” has little to do with your income!

My goal for a home-based business is to Own My Life. Learn what I think defines Owning Your Life at my “Lifestyle Trainer” website. Then you will be positioned for true success in your online business!

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Learn What It Means To Own Your Life

I hope that you found this information helpful and interesting. I know you might not agree completely, but that’s okay!
In any case, please leave a comment below!
Feel free to LIKE and bookmark this post using the Share buttons!

Please also follow me on Facebook (RandyReekOnlineMarketing) and Twitter (@randyreek). Thanks!


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Randy Reek

Randy writes about topics that affect your finances, including Making Money and Saving Money. Randy is especially passionate about entrepreneurship. The Marketing Training section includes EXACTLY what Randy is using NOW to earn a full-time income as an online marketer - and how you can do the same! If you think any of the posts or articles would be interesting to others, please forward to your contacts. Follow Randy also on Twitter and Facebook!

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