Comments on: Having a Plan B http://www.thefinancialblogger.com/having-a-plan-b/ This is where your finance takes place Wed, 08 Feb 2012 22:20:58 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: The Financial Blogger http://www.thefinancialblogger.com/having-a-plan-b/comment-page-1/#comment-8559 The Financial Blogger Fri, 15 Jan 2010 10:34:31 +0000 http://www.thefinancialblogger.com/?p=2293#comment-8559 @Fawn, The definition of a recession is based on a contraction of the GDP for at least 2 quarters in a row: In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for identifying a recession, one of which was "two down quarters of GDP".[3] In time, the other rules of thumb were forgotten,[4] and a recession is now often defined simply as a period when GDP falls (negative real economic growth) for at least two quarters.[5][6] Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.[7] (wikipedia). And what happened in 1929 is a depression, not a recession. Big difference there. there is no media conspiracy on this one ;-) @Fawn,

The definition of a recession is based on a contraction of the GDP for at least 2 quarters in a row:

In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for identifying a recession, one of which was “two down quarters of GDP”.[3] In time, the other rules of thumb were forgotten,[4] and a recession is now often defined simply as a period when GDP falls (negative real economic growth) for at least two quarters.[5][6] Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.[7] (wikipedia).

And what happened in 1929 is a depression, not a recession. Big difference there.

there is no media conspiracy on this one ;-)

]]> By: Fawn http://www.thefinancialblogger.com/having-a-plan-b/comment-page-1/#comment-8557 Fawn Fri, 15 Jan 2010 05:49:22 +0000 http://www.thefinancialblogger.com/?p=2293#comment-8557 Okay whoever feels the need to keep telling us that we hit a recession is obviously consumed with what the media is telling you. We have not hit a recession. In order to hit a recession our sales must go below 2%. And has it? No. The media has made it sound as if it has and because of that they have scared a lot of people into selling their stocks. We have come close to that, but the likeliness of a recession is very slim and the last time one occurred was in 1929. So before you feel the need to talk about a recession that doesn't exist here than you should get your facts straight! Okay whoever feels the need to keep telling us that we hit a recession is obviously consumed with what the media is telling you. We have not hit a recession. In order to hit a recession our sales must go below 2%. And has it? No. The media has made it sound as if it has and because of that they have scared a lot of people into selling their stocks. We have come close to that, but the likeliness of a recession is very slim and the last time one occurred was in 1929. So before you feel the need to talk about a recession that doesn’t exist here than you should get your facts straight!

]]> By: Nicholas Wind http://www.thefinancialblogger.com/having-a-plan-b/comment-page-1/#comment-7816 Nicholas Wind Tue, 24 Nov 2009 16:48:31 +0000 http://www.thefinancialblogger.com/?p=2293#comment-7816 At 53 years young I have been reinventing myself for this whole decade. Without going into the details (it was tough) I have a large growing presence online after buying ,studying and IMPLEMENTING what I learned. Now I know many who read this are traditional in their education and thinking. I'm not since I come from "old school network marketing" in the 80's and 90's as a telephone tech in my real job at that time. I have followed Robert Kiyosaki for 12 years.Others also. If you have read Cash Flow Quadrant then you'll know what I mean here. I am now on the right side of the quadrant with growing monthly residuals which is my paln ":B" I'm a business owner with a business on 95% atuo pilot. That means I can have total flexibility. Take 3 days off.Work for an hour when I want. Do a workout which I love to do....etc The internet allows incredible leverage and reach.Espsecially in the area of Information Marketing which is what I am involved in. It is not rocket science or magic, just a process which to me is building an amazing plan"B". Lastly we teach people to fish and then duplicate themselves and yes it does take effort. The leverage is unreal though and is not talked about enough. The richest folks I see are online combining with offline. That's what we teach also. So get a plan ":B' At 53 years young I have been reinventing myself for this whole decade.
Without going into the details (it was tough) I have a large growing presence online after buying ,studying and IMPLEMENTING what I learned.
Now I know many who read this are traditional in their education and thinking.
I’m not since I come from “old school network marketing” in the 80′s and 90′s as a telephone tech in my real job at that time.
I have followed Robert Kiyosaki for 12 years.Others also.
If you have read Cash Flow Quadrant then you’ll know what I mean here.
I am now on the right side of the quadrant with growing monthly residuals which is my paln “:B” I’m a business owner with a business on 95% atuo pilot.
That means I can have total flexibility. Take 3 days off.Work for an hour when I want. Do a workout which I love to do….etc
The internet allows incredible leverage and reach.Espsecially in the area of Information Marketing which is what I am involved in.
It is not rocket science or magic, just a process which to me is building an amazing plan”B”.
Lastly we teach people to fish and then duplicate themselves and yes it does take effort.
The leverage is unreal though and is not talked about enough.
The richest folks I see are online combining with offline.
That’s what we teach also.
So get a plan “:B’

]]> By: Carnival of Personal Finance #230 – New Site Edition - Canadian Finance Blog http://www.thefinancialblogger.com/having-a-plan-b/comment-page-1/#comment-7634 Carnival of Personal Finance #230 – New Site Edition - Canadian Finance Blog Mon, 09 Nov 2009 10:11:02 +0000 http://www.thefinancialblogger.com/?p=2293#comment-7634 [...] Financial Blogger from The Financial Blogger presents Having a Plan B, and says, “A “plan B” is way bigger than having an emergency [...] [...] Financial Blogger from The Financial Blogger presents Having a Plan B, and says, “A “plan B” is way bigger than having an emergency [...]

]]> By: IntelligentSpeculator http://www.thefinancialblogger.com/having-a-plan-b/comment-page-1/#comment-7577 IntelligentSpeculator Thu, 05 Nov 2009 02:55:51 +0000 http://www.thefinancialblogger.com/?p=2293#comment-7577 I agree, only thing I'm uncertain about is that when you spend time on a plan B, it does mean that you are not 100% concentrated on your Plan A... not saying it's a bad thing, but it's something that makes me hesitate. I agree, only thing I’m uncertain about is that when you spend time on a plan B, it does mean that you are not 100% concentrated on your Plan A… not saying it’s a bad thing, but it’s something that makes me hesitate.

]]> By: The Rat http://www.thefinancialblogger.com/having-a-plan-b/comment-page-1/#comment-7548 The Rat Tue, 03 Nov 2009 23:45:18 +0000 http://www.thefinancialblogger.com/?p=2293#comment-7548 Nice thread; I think its always important to keep in touch with a network of people you know and to expand upon it. When a job is secured, I think that Plan A should be to eliminate debit altogether and pay off the mortgage as soon as possible. After that, one can focus on investments and creating income by them. Cheers Nice thread; I think its always important to keep in touch with a network of people you know and to expand upon it. When a job is secured, I think that Plan A should be to eliminate debit altogether and pay off the mortgage as soon as possible. After that, one can focus on investments and creating income by them.
Cheers

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