> I've seen your messages on these boards for
> maybe 4 or 5 yrs now and I'm curious;
> You say you're thinking about
> retiring....what has been your main income
> source these past number of years...your
> "day" job?

> I make my money selling my products and
> programs both on and off the
> Internet.....and earn a nice income at home,
> with an occasional helper.

> Also...re the economy;
> Many respected economists have been saying
> that stocks are WAY overpriced...in fact
> when the DOW hit 7,000 it was overpriced. So
> what we are seeing is a "settling back
> to what prices SHOULD be".

> There are about 290 MILLION people in our
> country now. In 1929 there were probably
> around 100 million. BIG difference. These
> 290 mil need to eat, drink, clothe and house
> themselves and they are used to having NICE
> things...NICE cars, homes, clothes...etc. I
> believe there are just TOO MANY Americans
> now for the country to go in the tank like
> it did in '29. I do NOT believe there will
> be "soup" lines and people barely
> making it on $15 a week (like my dad existed
> on)

> Sure...companies have "laid off" a
> couple hundred thousand with the airlines
> but hey...these folks will be getting money
> from the Fed and...many of these have the
> wherewithall and are smart enough to try
> something else. They are NOT going to be
> sitting around waiting for handouts.

> The economy has taken a tremendous
> "shaking" and people WILL find
> their own "niches"...probably in
> totally different fields.

> Anyway...in my life I've had to
> 'adjust" many times and I will probably
> have to "adjust" again. It will be
> interesting to see what a lot of us will be
> doing next year.

> Don Alm

Don,

I agree. Every now and then the economy must dip, in order to control things. If it didn't slow down, sooner or later it would spin out of control.

The secret is what are you doing when it takes a dive. In 1979 I was a young man with a dream, and a new business. I was young, nieve, and optomistic. I was good at what I did, but didn't have a clue how to really sell my services.

When the economy was booming (early 79) they sold themselves. By late 1979 and early 1980 things were bad, and I was in trouble. Too much debt, not enough knowledge of marketing.

I ended up broke.

The same thing is going to happen to people now.

Looking back, it was my fault, and only my fault that I got into trouble.

That could never happen to me now, because I know how to market, and my debt is under control.

Yes, the next twelve months are going to be interesting, and very difficult for some.

By the way Gordon, I found this message board because I hear you've been saying good things about me. Thank you! And like Don, I too am interested in your story. -Mike McGroarty


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