| How To Protect Yourself | | | | on time. If the payment is late, you should be |
| Let’s face it; we are now entering the Unites | | | | implementing a more aggressive collection |
| States of America’s Second Great | | | | system. The last thing you want to do is let |
| Depression. It will have devastating effects on | | | | someone get a month or more behind, to find out |
| the American people, businesses, and what is left | | | | that they just went broke. |
| of our growing economy. | | | | 5. If you are buying services on a regular basis |
| This is not a minor problem that might limit your | | | | from a company or person, make sure that they |
| shopping sprees or your Starbucks coffee | | | | are delivering the services or product with the |
| addiction. It is a major economic meltdown that | | | | same quality. If any aspect of their service has |
| will affect everyone and for those who are | | | | changed it could be a sign of them going broke, |
| unprepared my find yourself unemployed, | | | | and you do not want to be the person that paid |
| bankrupt, homeless, etc. | | | | for something and did not receive it. |
| What do we have to do to protect ourselves in a | | | | 6. If you rent an apartment or home, it would be |
| crisis like this? | | | | an excellent idea if you watched for leans or signs |
| Follow these simple steps to reassure your | | | | that the landlord is not paying the mortgage. In |
| survival in this bad economy. | | | | repossession, you will be removed from the |
| 1. You must find a means of making a | | | | home when the property is taken back by the |
| secondary income or a full-time income that is | | | | bank. This could leave you and your family |
| worldwide, not just local, and has little to no | | | | without a home costing you several thousands of |
| overhead. Having a home-based business will | | | | dollars; all while paying money to a landlord for |
| create an income that is separate from your local | | | | months that he was just pocketing until the bank |
| economy with the advantages of having the | | | | repossessed the building. |
| worldwide market place at your finger tips. | | | | 7. If you are an employee, beware of losing your |
| 2. You must watch closely at which bank you | | | | job. If you are seeing sales decline there is a |
| decide to put your money in; find a bank that has | | | | good chance that many people will be let go with |
| world wide locations or that is smaller with sound | | | | no chance of returning. If you feel that you are |
| financial statements. At this moment the FDIC | | | | irreplaceable and that somehow the business can |
| has exhausted its coverage abilities and may not | | | | not run properly with out you, think again. When |
| have the funds to replace your savings if it was | | | | a company is loosing money and needs to find a |
| lost. | | | | place to reduce expenses in order to continue |
| 3. If you are getting ready to buy a new home, | | | | conducting business, it is the employees who are |
| make sure that you could sustain the mortgage | | | | cut first. |
| for up to 6 months with out a paycheck. Many | | | | It is best to be prepared and learn how to |
| people have already bombed this suggestion and | | | | protect yourself during times of economic |
| their actions have created the housing crisis. | | | | trouble. Those take action and are prepared |
| 4. If you are a business owner or self | | | | with fair best in the long run. |
| employed, make sure that you are getting paid | | | | |