When I’m not busy waxing lyrical about the importance of planning your business from the end goal backwards, I’m also busy trying to work out how to protect the wealth I created from the sale of my own business in this time of great economic melt down (yes I do see it as a melt down and and am fully engaged in educating myself to try to make good decisions for my future wealth at this time).
I have a few advisors I listen to and a few blogs that I’ve subscribed to which seem to make sense to me. One of those I follow with most interest at the moment is Capitalist Exploits at www.capitalistexploits.com
Below are some facts about the current economic situation of USA by Chris from Capitalist Exploits. Sobering but true:
“It always pays to look at the facts before considering anything else.Lets then take a look.
U.S. Tax revenue: $2,170,000,000,000
Fed budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent budget cut: $ 38,500,000,000
Let’s remove 8 zeros and pretend it’s a household budget:
Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Total budget cuts: $385
Now do you understand why this situation is out of control?”