Archive for March, 2013

HOLY COW!! Those are some pretty big cuts coming!

 

I don’t know if you have had a chance to keep up on the news. I was listening to news story yesterday on CBC Radio, Canada’s official news radio, which stated that America was going to make some massive cuts in government spending. I was blown away by the size of the cuts.

85 Billion dollars to be cut from government spending. They are cutting from the federal budget. These cuts are going to be across the board, so no service sector will be spared. They are anticipating 750,000 jobs will be cut. These are all good paying positions.

I remember people saying to me, get yourself a good secure government job, you will be set for life. I guess that reasoning is no good anymore. It goes to show how trying these times are.

Three quarter of a million jobs gone just like that, good paying jobs with benefits and retirement packages. The drop in supporting businesses revenue may result in further layoffs. Not to mention the loose of the disposable income that these jobs provided into the communities.

The real lesson here is that you cannot count on any type of job for security anymore. People will just have to wake up to the idea that you must provide your own security in life. Working for someone else, though easy to do, have zero security. When things get tough they will cut you from the bottom line to persevere. It is just common business practices and the government are just now learning the lesson.

So what is a person to do? Well the number one best solution is to start a business of your own. A home based business is the best type to start as the start up cost is typically smaller than conventional business start ups. Not to mention the overhead required before you can realize a profit is very small with home based businesses.

I have been in home based businesses now for several years and have added quite nicely to my annual income streams. Not to mention the tax savings that a business affords you. By building a home based business I have diversified my income streams. So if my conventional business slows down, which it does from time to time, I don’t sweat it as I have a  couple of other sources of income coming in.

These home based businesses have allowed to get virtually debt free, live just a little better on a day to day bases.  We seem to run out of month now before we run out of money. It has allowed us to afford several vacations a year. All these things were unthinkable a few years back before I got started in this awesome industry. My wife used to hate me joining up in these deals, but she is pretty happy about it now.

I just want to let you know there is a better way out there, a better way to earn money, a better way to structure your earnings and expenditures, a better way to just live your life.

I have two main home based businesses that I highly recommend, they are working well for me, and they will work well for you.

Firstly is my Beachbody business that you can find out more about at http://glenmcdonald.biz

And secondly is a my online advertising business to learn more about this on click here http://bannersbroker.com/getfreewithglen

Or you can contact me via email at getfreewithglen@live.com

In closing I would like to say I hope the new round of cuts do not affect you or at least not too harshly if they do touch you. I hope you find some sound advice in my blog and take the bull by the horns and provide you and your family with the only true security and start your own business today.