Identity theft is no laughing matter in today's world I learned about this free report that will show you how to protect yourself and fix any damage that may already be done!
Thursday, April 23, 2009
Sunday, April 19, 2009
Goals VS Dreams Which is Better!
When we were kids we all dreamed just a little bit more. We just knew that whatever it was that we wanted out of life really could happen. When we became teenagers we still had high hopes although our goals probably weren’t to be a princess or a football player.
And then the adult years set in and that’s what really killed out dreams. We stopped thinking about what we really wanted and started focusing on what we thought we could get.
Sure we’d like to live in a huge house but a medium sized one would do. Sure we’d love to drive that Mercedes but a Saturn would be ok. Why is it that by the time we’re out of school and into the real world we’ve completely lost our ability to really dream and dream big?
When you work from home you have the ability to take back the power of your dreams. That’s because anything really is possible when you own your own business. The success is not promised to you and it won’t happen overnight or without effort but, if you have the power to dream a home based business has the power to bring your wildest dreams to life!
There is an epidemic that has been sweeping across the globe for years and years. That epidemic is mediocrity and once it grabs hold of someone it’s hard to shake it. You absolutely do not have to be “sensible” or “average” or “ordinary”. With a home based business you can take back the power of becoming extraordinary.
You see, while your personal goals and dreams might not matter out there in the regular business world. They defiantly matter in a home based business. You can literally shape your life into whatever it is that you want it to be all you have to do is have a dream and work hard to make that dream come true.
Take back the power of dreaming and dreaming BIG. Find the home based business that’s right for you and you can start living the life you’ve always wanted to live. You can be ordinary or you can be extraordinary. The choice is yours.
www.washingtonsuccess.com
And then the adult years set in and that’s what really killed out dreams. We stopped thinking about what we really wanted and started focusing on what we thought we could get.
Sure we’d like to live in a huge house but a medium sized one would do. Sure we’d love to drive that Mercedes but a Saturn would be ok. Why is it that by the time we’re out of school and into the real world we’ve completely lost our ability to really dream and dream big?
When you work from home you have the ability to take back the power of your dreams. That’s because anything really is possible when you own your own business. The success is not promised to you and it won’t happen overnight or without effort but, if you have the power to dream a home based business has the power to bring your wildest dreams to life!
There is an epidemic that has been sweeping across the globe for years and years. That epidemic is mediocrity and once it grabs hold of someone it’s hard to shake it. You absolutely do not have to be “sensible” or “average” or “ordinary”. With a home based business you can take back the power of becoming extraordinary.
You see, while your personal goals and dreams might not matter out there in the regular business world. They defiantly matter in a home based business. You can literally shape your life into whatever it is that you want it to be all you have to do is have a dream and work hard to make that dream come true.
Take back the power of dreaming and dreaming BIG. Find the home based business that’s right for you and you can start living the life you’ve always wanted to live. You can be ordinary or you can be extraordinary. The choice is yours.
www.washingtonsuccess.com
Friday, April 17, 2009
Currency Trading
I am always interested in trading in currency and want to learn more, I found this article and thought it was very useful and information so I thought I would share.....
Global currency speculation and its implications
In the following excerpt from remarks at an International Forum on Globalisation (IFG) seminar, Bernard Lietaer focuses on the alarming increase in global currency speculation. The potential implications are truly explosive, threatening global power arrangements, the sovereignty of nation-states, and the abilities of ordinary people to survive.
IN 1975, about 80% of foreign exchange transactions (where one national currency is exchanged for another) were to conduct business in the real economy. For instance, currencies change hands to import oil, export cars, buy corporations, invest in portfolios, or build factories. Real transactions actually produce or trade goods and services. The remaining 20% of transactions in 1975 were speculative, which means that the sole purpose was an expected profit from buying and selling currencies themselves, based on their changing values. So, even in the days when the real economy was dominant, some currency speculation was going on. There had always been that little bit of frosting on the cake.
Today, the real economy in foreign exchange transactions is down to 2.5% and 97.5% is now speculative. What had been the frosting has become the cake. The real economy has become just a small percentage of total financial currency activity.
My estimate is that in 1997 we will have close to $2 trillion in currencies being traded per day. This is equivalent to the entire annual gross domestic product (GDP) volume of the United States being turned over via currency trading every three days.
There are three cumulative causes for this explosive increase in currency speculation:
Systemic redefinition: The first important act was US President Richard Nixon's unleashing of the dollar from the gold standard in 1971. 'Floating' the dollar allowed currency values to be determined by traders in currency exchange markets. Currencies from countries with strong economies and sound monetary and fiscal policies were given more value than currencies from countries with shaky or weak economies and policies. This'opening' of the system created a framework for the speculation game.
Legal deregulation: In the 1980s, both former President Ronald Reagan and former Prime Minister Margaret Thatcher introduced deregulation strategies. The Baker Plan, implemented by the World Bank and the International Monetary Fund (IMF), applied those changes to a dozen key Third World countries. This created a lot more leeway for movement of capital internationally, and for corporations that previously would not have participated in speculation.
Technology: The structural, deep-lying phenomenon behind the whole system, is the technological shift: the electronification of money and the computerisation of market systems.
The Business Viewpoint
Economic textbooks say that corporations and individuals compete for markets and resources. This is not true. Corporations and individuals compete for money by using markets and resources.
The opening of the system, which led to 'floating exchanges', also created a new asset class. Traditional asset classes are real estate, bonds, stocks, and commodities. Today, we also have currencies. This means that money, the medium of exchange, has itself become an asset to be played into investment portfolios. This shift has different implications for businesses, depending on whether you're an investor or a 'real' business.
From an investor's viewpoint, this new asset class - currencies - has some significant advantages over the old ones:
Extraordinarily low transaction costs. Placing a few billion dollars in foreign exchange costs very little; as much as 10 or 20 times cheaper than a stock transaction.
Twenty-four-hour market environment; one can actually play around the clock.
The foreign currency market is the largest and deepest market around by a long shot. If you have a few billion dollars to place, bringing them to the stock market is going to move the stock's value and tip off other traders as to what you are doing. This is true in most bond markets (except for the US and some European markets because of their large size). In foreign exchange, even $5 or $10 billion won't make a blip. So if you have a substantial amount of money to move around, this is the place to do it. You can get in and out without affecting the market.
Because of these three advantages, the act of lending money to people (to buy houses, cars, expand businesses or whatever) is no longer the best way to make money. The foreign currency market is the place to do it. Banks are no longer the big players in terms of supplying credit. In the last 25 years, banks, as a source of financing in America, have dropped from 75% of the total supply of credit to 26.5%. For the major international banks, like Chase Manhattan, Citicorp, Bank of America, Barclays, or Sumitomo, currency trading typically accounts for at least 20% of total earnings. In a good year, it will be more than 50%.
'Foreign exchange risk'
In considering the viewpoint of so-called real businesses (those that make cars, mine, produce electronics, etc.), the 'foreign exchange risk' has by far become the largest risk in international business today, often larger than political or market risk. For example, if a German chemical company invests in a plant in India, it makes the investment in deutsch-marks. The chemical products sold locally from that plant are paid in rupees, India's currency. If the value of the rupee then drops in terms of the deutschmark, the return on the original investment will drop as well. In short, the biggest risk of such investments is not whether Indians will buy the chemicals (market risk) or whether the Indian government will nationalise the plant (political risk), but the changes in the values of the currencies involved (foreign exchange risk).
Corporations have followed two major strategies to deal with this risk.
The first strategy is the reorganisation of the corporate conglomerate. Production and marketing sectors are decentralizing because the risk doesn't lie there, and because adaptation to local circumstances can best be handled on a local level. This also leads to the dispersal of production facilities to other countries. But while marketing and production are decentralising, the corporation's financial and treasury functions are being centralised. Twenty or 30 years ago, when an American company had a big plant in Germany, the plant would handle its own finances. Not any more. Now, this is all done centrally at corporate headquarters.
The second strategy that large corporations pursue is an adjustment of their executive officers. In the 1940s and 1950s, anybody who could manufacture any product could sell it. So, a manager with a background in production or engineering would typically be made the CEO. In the 1960s and the 1970s, that shifted. Suddenly marketing was the key background necessary for people at the top. However, in the 1980s and 1990s, finance specialists are in charge. They are the ones who call the shots. That shift in career paths has also changed the corporation's outlook, and is a reaction to the new risk that we are talking about.
Now, I have two questions for you: First: Who do you think is the largest private financial institution in the US today? It is General Electric (GE). The largest profit sector in GE is not defence, not light bulbs, not power stations. It is GE's treasury department, because of its many financial transactions.
The second question is: Who do you think is taking the largest foreign exchange risk? It's everybody who holds only one currency. That is, most people. Anyone who owns their own house, which sits in one currency (like dollars, deutschmarks, or yen), and who has their savings and income in that same currency, is at the greatest risk. By holding only one currency, they risk all their assets being devalued in the event of their currency crashing. In a world of floating exchanges, not being diversified in currencies is like having a stock portfolio with only one stock.
Three Consequences
The first consequence of this state of affairs is that national governments are in the process of losing power. The nation-state is the one entity that cannot manage in this new climate. It has no way to gain power against global capital and information technology.
Currency traders are effectively 'policing' governments by selling off a nation's currency when they are dissatisfied with that government's policies. If enough traders act together, the value of a currency can plummet, creating a 'currency crisis'. These sudden large sell-offs are viewed by governments as 'attacks' on the value of their currencies.
Currency devalution can happen in a very short time, days or even hours, because of the new global communications system. There are no negotiations, there's no talking, there's nobody sitting around a table saying, 'This is what we're going to do,' or, 'How about re-negotiating this part?' That's not the way it happens. You just suddenly end up with a crisis in a particular country's currency. Such was the case with the collapse of the British pound sterling in 1991, the Scandinavian currencies in 1992 and 1993, and Mexico in 1994.
One of the things to watch for in the future will be such a devaluation of (an 'attack' on) the US dollar, which is the linchpin of the whole system. Now, one might ask, 'Why would traders want to pull out the linchpin?' Well, from an individual trader's point of view, it doesn't matter which currency you profit from, you just trade. If enough traders see an opportunity to profit by the dollar's fluctuations, they will exploit it because nobody believes that his or her individual action will bring down the entire system.
Central banks can often intervene when a currency is under attack by either buying or selling to counter speculators. But the volumes of money now being traded are so vast that even central banks may not have an impact. All the reserves of all the central banks together amount to about $640 billion, so all their reserves could be depleted in a third of a normal trading day.
This points directly to a second consequence: a growing interest in market instability because that is where one finds the opportunity for windfall profits. Big fluctuations in the values of currencies allow for big profits to be made by trading them. Consider the following statements by leaders at opposite ends of the spectrum:
'The biggest concern today is the growing constituency for instability.' - Paul Volcker, ex-governor of the Federal Reserve, in Changing Fortunes.
'Instability is cumulative, so that the eventual breakdown of freely floating exchanges is ensured.' - George Soros, the largest currency speculator today, in The Alchemy of Finance.
They both agree that there are many more people now who have an interest in profiting from instability; previously, they had an interest in stability. If you have an unstable system, it is just a question of when it will fly off the handle. It will blow apart at the moment when the US dollar experiences a crisis. When the dollar crisis occurs, the world will have no system left.
The only precedent I know is the collapse of the Roman monetary system. In the 1929 crash, the monetary system held. We had all kinds of other problems - unemployment, stock market crashes, currency inflation in Germany - but there was a gold standard that held. Today, we have no gold standard to fall back on. So there is no precedent for a collapse of this nature. And this would be a truly global phenomenon. All currencies in the world are based on the dollar. So if you have a crisis on the dollar, you pull out the linchpin and... boom.
The third consequence is some thing with which you are very familiar. As a great portion of the national currencies - about $2 trillion per day - is being turned around in the financial cyber-economy, there is just no satisfactory medium of exchange available to people at the bottom. National currencies are not widely available to the poorer parts of the population. The age of labour as a key component of production is gone. If you don't have a job, you don't have 'money' (i.e., national currency). Even despite the fact that structural unemployment is increasing, the economy can continue to 'grow' very well. Technology will shift us still further in that direction.
What is beginning to happen in the developed countries is a new phenomenon: an explosion of 'local currencies' - money that is not the national currency. We haven't seen this since the Great Depression when there were literally thousands of local currencies in the US and other countries affected by massive unemployment. By supporting the development of local money schemes, we may in fact create the groundwork for the next system. This could become one of the most powerful ways available to support citizen control.
(Third World Resurgence No.89, January 1997)
The above is reproduced from IFG News, Issue Two, Summer 1997.
The IFG News is published by the International Forum on Globalization, an alliance of activists, scholars, economists, researchers, and writers representing over 19 countries, which seeks to stimulate new thinking about the rapidly emerging economic and political arrangement called the global economy.
Bernard Lietaer has been a financial adviser to transnational corporations and to developing countries, and was a professor of international finance at the University of Louvain in Belgium. He has also had practical experience in the world of finance as a currency speculator for the Gaia Hedge Funds. Now a research fellow at the Center for Sustainable Resources at the University of California, Berkeley, his new book is The Future of Money: Beyond Greed and Scarcity, due in 1998.
Global currency speculation and its implications
In the following excerpt from remarks at an International Forum on Globalisation (IFG) seminar, Bernard Lietaer focuses on the alarming increase in global currency speculation. The potential implications are truly explosive, threatening global power arrangements, the sovereignty of nation-states, and the abilities of ordinary people to survive.
IN 1975, about 80% of foreign exchange transactions (where one national currency is exchanged for another) were to conduct business in the real economy. For instance, currencies change hands to import oil, export cars, buy corporations, invest in portfolios, or build factories. Real transactions actually produce or trade goods and services. The remaining 20% of transactions in 1975 were speculative, which means that the sole purpose was an expected profit from buying and selling currencies themselves, based on their changing values. So, even in the days when the real economy was dominant, some currency speculation was going on. There had always been that little bit of frosting on the cake.
Today, the real economy in foreign exchange transactions is down to 2.5% and 97.5% is now speculative. What had been the frosting has become the cake. The real economy has become just a small percentage of total financial currency activity.
My estimate is that in 1997 we will have close to $2 trillion in currencies being traded per day. This is equivalent to the entire annual gross domestic product (GDP) volume of the United States being turned over via currency trading every three days.
There are three cumulative causes for this explosive increase in currency speculation:
Systemic redefinition: The first important act was US President Richard Nixon's unleashing of the dollar from the gold standard in 1971. 'Floating' the dollar allowed currency values to be determined by traders in currency exchange markets. Currencies from countries with strong economies and sound monetary and fiscal policies were given more value than currencies from countries with shaky or weak economies and policies. This'opening' of the system created a framework for the speculation game.
Legal deregulation: In the 1980s, both former President Ronald Reagan and former Prime Minister Margaret Thatcher introduced deregulation strategies. The Baker Plan, implemented by the World Bank and the International Monetary Fund (IMF), applied those changes to a dozen key Third World countries. This created a lot more leeway for movement of capital internationally, and for corporations that previously would not have participated in speculation.
Technology: The structural, deep-lying phenomenon behind the whole system, is the technological shift: the electronification of money and the computerisation of market systems.
The Business Viewpoint
Economic textbooks say that corporations and individuals compete for markets and resources. This is not true. Corporations and individuals compete for money by using markets and resources.
The opening of the system, which led to 'floating exchanges', also created a new asset class. Traditional asset classes are real estate, bonds, stocks, and commodities. Today, we also have currencies. This means that money, the medium of exchange, has itself become an asset to be played into investment portfolios. This shift has different implications for businesses, depending on whether you're an investor or a 'real' business.
From an investor's viewpoint, this new asset class - currencies - has some significant advantages over the old ones:
Extraordinarily low transaction costs. Placing a few billion dollars in foreign exchange costs very little; as much as 10 or 20 times cheaper than a stock transaction.
Twenty-four-hour market environment; one can actually play around the clock.
The foreign currency market is the largest and deepest market around by a long shot. If you have a few billion dollars to place, bringing them to the stock market is going to move the stock's value and tip off other traders as to what you are doing. This is true in most bond markets (except for the US and some European markets because of their large size). In foreign exchange, even $5 or $10 billion won't make a blip. So if you have a substantial amount of money to move around, this is the place to do it. You can get in and out without affecting the market.
Because of these three advantages, the act of lending money to people (to buy houses, cars, expand businesses or whatever) is no longer the best way to make money. The foreign currency market is the place to do it. Banks are no longer the big players in terms of supplying credit. In the last 25 years, banks, as a source of financing in America, have dropped from 75% of the total supply of credit to 26.5%. For the major international banks, like Chase Manhattan, Citicorp, Bank of America, Barclays, or Sumitomo, currency trading typically accounts for at least 20% of total earnings. In a good year, it will be more than 50%.
'Foreign exchange risk'
In considering the viewpoint of so-called real businesses (those that make cars, mine, produce electronics, etc.), the 'foreign exchange risk' has by far become the largest risk in international business today, often larger than political or market risk. For example, if a German chemical company invests in a plant in India, it makes the investment in deutsch-marks. The chemical products sold locally from that plant are paid in rupees, India's currency. If the value of the rupee then drops in terms of the deutschmark, the return on the original investment will drop as well. In short, the biggest risk of such investments is not whether Indians will buy the chemicals (market risk) or whether the Indian government will nationalise the plant (political risk), but the changes in the values of the currencies involved (foreign exchange risk).
Corporations have followed two major strategies to deal with this risk.
The first strategy is the reorganisation of the corporate conglomerate. Production and marketing sectors are decentralizing because the risk doesn't lie there, and because adaptation to local circumstances can best be handled on a local level. This also leads to the dispersal of production facilities to other countries. But while marketing and production are decentralising, the corporation's financial and treasury functions are being centralised. Twenty or 30 years ago, when an American company had a big plant in Germany, the plant would handle its own finances. Not any more. Now, this is all done centrally at corporate headquarters.
The second strategy that large corporations pursue is an adjustment of their executive officers. In the 1940s and 1950s, anybody who could manufacture any product could sell it. So, a manager with a background in production or engineering would typically be made the CEO. In the 1960s and the 1970s, that shifted. Suddenly marketing was the key background necessary for people at the top. However, in the 1980s and 1990s, finance specialists are in charge. They are the ones who call the shots. That shift in career paths has also changed the corporation's outlook, and is a reaction to the new risk that we are talking about.
Now, I have two questions for you: First: Who do you think is the largest private financial institution in the US today? It is General Electric (GE). The largest profit sector in GE is not defence, not light bulbs, not power stations. It is GE's treasury department, because of its many financial transactions.
The second question is: Who do you think is taking the largest foreign exchange risk? It's everybody who holds only one currency. That is, most people. Anyone who owns their own house, which sits in one currency (like dollars, deutschmarks, or yen), and who has their savings and income in that same currency, is at the greatest risk. By holding only one currency, they risk all their assets being devalued in the event of their currency crashing. In a world of floating exchanges, not being diversified in currencies is like having a stock portfolio with only one stock.
Three Consequences
The first consequence of this state of affairs is that national governments are in the process of losing power. The nation-state is the one entity that cannot manage in this new climate. It has no way to gain power against global capital and information technology.
Currency traders are effectively 'policing' governments by selling off a nation's currency when they are dissatisfied with that government's policies. If enough traders act together, the value of a currency can plummet, creating a 'currency crisis'. These sudden large sell-offs are viewed by governments as 'attacks' on the value of their currencies.
Currency devalution can happen in a very short time, days or even hours, because of the new global communications system. There are no negotiations, there's no talking, there's nobody sitting around a table saying, 'This is what we're going to do,' or, 'How about re-negotiating this part?' That's not the way it happens. You just suddenly end up with a crisis in a particular country's currency. Such was the case with the collapse of the British pound sterling in 1991, the Scandinavian currencies in 1992 and 1993, and Mexico in 1994.
One of the things to watch for in the future will be such a devaluation of (an 'attack' on) the US dollar, which is the linchpin of the whole system. Now, one might ask, 'Why would traders want to pull out the linchpin?' Well, from an individual trader's point of view, it doesn't matter which currency you profit from, you just trade. If enough traders see an opportunity to profit by the dollar's fluctuations, they will exploit it because nobody believes that his or her individual action will bring down the entire system.
Central banks can often intervene when a currency is under attack by either buying or selling to counter speculators. But the volumes of money now being traded are so vast that even central banks may not have an impact. All the reserves of all the central banks together amount to about $640 billion, so all their reserves could be depleted in a third of a normal trading day.
This points directly to a second consequence: a growing interest in market instability because that is where one finds the opportunity for windfall profits. Big fluctuations in the values of currencies allow for big profits to be made by trading them. Consider the following statements by leaders at opposite ends of the spectrum:
'The biggest concern today is the growing constituency for instability.' - Paul Volcker, ex-governor of the Federal Reserve, in Changing Fortunes.
'Instability is cumulative, so that the eventual breakdown of freely floating exchanges is ensured.' - George Soros, the largest currency speculator today, in The Alchemy of Finance.
They both agree that there are many more people now who have an interest in profiting from instability; previously, they had an interest in stability. If you have an unstable system, it is just a question of when it will fly off the handle. It will blow apart at the moment when the US dollar experiences a crisis. When the dollar crisis occurs, the world will have no system left.
The only precedent I know is the collapse of the Roman monetary system. In the 1929 crash, the monetary system held. We had all kinds of other problems - unemployment, stock market crashes, currency inflation in Germany - but there was a gold standard that held. Today, we have no gold standard to fall back on. So there is no precedent for a collapse of this nature. And this would be a truly global phenomenon. All currencies in the world are based on the dollar. So if you have a crisis on the dollar, you pull out the linchpin and... boom.
The third consequence is some thing with which you are very familiar. As a great portion of the national currencies - about $2 trillion per day - is being turned around in the financial cyber-economy, there is just no satisfactory medium of exchange available to people at the bottom. National currencies are not widely available to the poorer parts of the population. The age of labour as a key component of production is gone. If you don't have a job, you don't have 'money' (i.e., national currency). Even despite the fact that structural unemployment is increasing, the economy can continue to 'grow' very well. Technology will shift us still further in that direction.
What is beginning to happen in the developed countries is a new phenomenon: an explosion of 'local currencies' - money that is not the national currency. We haven't seen this since the Great Depression when there were literally thousands of local currencies in the US and other countries affected by massive unemployment. By supporting the development of local money schemes, we may in fact create the groundwork for the next system. This could become one of the most powerful ways available to support citizen control.
(Third World Resurgence No.89, January 1997)
The above is reproduced from IFG News, Issue Two, Summer 1997.
The IFG News is published by the International Forum on Globalization, an alliance of activists, scholars, economists, researchers, and writers representing over 19 countries, which seeks to stimulate new thinking about the rapidly emerging economic and political arrangement called the global economy.
Bernard Lietaer has been a financial adviser to transnational corporations and to developing countries, and was a professor of international finance at the University of Louvain in Belgium. He has also had practical experience in the world of finance as a currency speculator for the Gaia Hedge Funds. Now a research fellow at the Center for Sustainable Resources at the University of California, Berkeley, his new book is The Future of Money: Beyond Greed and Scarcity, due in 1998.
Wednesday, April 15, 2009
Why a Teenager Can Help Your Business
A lot of teenagers want more spending money so they find after schools jobs outside the home they work at grocery or clothing stores or fast food restaurants. So I ask you, if your teenager is looking for a way to make some quick cash why not have them help you with your home based business? That way he or she gets some extra cash and they’ll also help your business grow. Here are a few ways that your teenager can help you build your home based business.
Teenagers are extremely internet savvy. So doing things online can be a great way for them to help you out. Submitting articles can be a daunting task so why not hand it over to your teenager… give them your articles and a list of all the places you need them submitted and have them go after it. This is easy work it’s just maybe not the most fun thing to do. Hey at least it’s better than making French fries!
Another thing they can do for you online is run your Myspace or Facebook page. Send out messages, update the page and answer inquiries. They’ll probably be better at it than you will and it can also be fun.
You can also have the create a blog or blogs for you. You will supply the content after they’ve set it up. You could even email them the blog posts and have them post them for you each week.
Passing out flyers is something else that takes up a lot of time but really isn’t that hard to do. Have some flyers or door hangers made up and have your teenager put them out on cars or homes to drum up more business for you.
Finally you can have your teenager help you with basic organizational things around your home office. Things like filing or organizing your leads can be a big help and allow you to do more business and less busy work.
There are many things that you and your teenager can do together to help your business grow. It will be good for you and good for them. Don’t keep it limited to the things in this article find the things that work best for you and your teenager and have a great time making more money for the both of you!
Teenagers are extremely internet savvy. So doing things online can be a great way for them to help you out. Submitting articles can be a daunting task so why not hand it over to your teenager… give them your articles and a list of all the places you need them submitted and have them go after it. This is easy work it’s just maybe not the most fun thing to do. Hey at least it’s better than making French fries!
Another thing they can do for you online is run your Myspace or Facebook page. Send out messages, update the page and answer inquiries. They’ll probably be better at it than you will and it can also be fun.
You can also have the create a blog or blogs for you. You will supply the content after they’ve set it up. You could even email them the blog posts and have them post them for you each week.
Passing out flyers is something else that takes up a lot of time but really isn’t that hard to do. Have some flyers or door hangers made up and have your teenager put them out on cars or homes to drum up more business for you.
Finally you can have your teenager help you with basic organizational things around your home office. Things like filing or organizing your leads can be a big help and allow you to do more business and less busy work.
There are many things that you and your teenager can do together to help your business grow. It will be good for you and good for them. Don’t keep it limited to the things in this article find the things that work best for you and your teenager and have a great time making more money for the both of you!
Wednesday, April 1, 2009
Economic Justice
I wish all companies followed this principle!
Economic justice can be best summarized by the popular adage, “It must be a win-win.” Every transaction should benefit all parties involved. Justice requires that borrowers receive something of value for the fees they pay. The items or services received must also be worth what they are paying for them.
A practical application of the principle of economic justice is the tangible benefit test now being required in many states. Regulators require that a lender be able to demonstrate that a borrower has benefited from a refinance transaction. That benefit can be in the form of a lower interest rate, a beneficial change in term, a lower payment, or cash received to pay bills.
The fees charged in order to provide the benefit received must also be reasonable for the principle of economic justice to work. A borrower might receive a bill consolidation loan, but if the fees charged are greater than the interest they will save from the consolidation, they have not benefited. The transaction was not just.
Most states have accepted the industry standard of two years when considering whether closing costs can be recouped in a timely manner. If a borrower will not recover the costs within two years, some other tangible benefit must be demonstrated.
Economic justice can be best summarized by the popular adage, “It must be a win-win.” Every transaction should benefit all parties involved. Justice requires that borrowers receive something of value for the fees they pay. The items or services received must also be worth what they are paying for them.
A practical application of the principle of economic justice is the tangible benefit test now being required in many states. Regulators require that a lender be able to demonstrate that a borrower has benefited from a refinance transaction. That benefit can be in the form of a lower interest rate, a beneficial change in term, a lower payment, or cash received to pay bills.
The fees charged in order to provide the benefit received must also be reasonable for the principle of economic justice to work. A borrower might receive a bill consolidation loan, but if the fees charged are greater than the interest they will save from the consolidation, they have not benefited. The transaction was not just.
Most states have accepted the industry standard of two years when considering whether closing costs can be recouped in a timely manner. If a borrower will not recover the costs within two years, some other tangible benefit must be demonstrated.
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