07/27/08 | Comments (0)

Only the emotionless can read this article and not get chills.

I guess these are really desperate times for many people, especially those who tie their self-esteem to their net worth.

The simple steps to creating wealth are on hold for many would-be millionaires. Paying for gas, food, and the mortgage now have taken center stage before building the investment portfolios.

As the kids used to ask, “are we there yet?”

No one knows where the bottom is for the mess we have gotten ourselves into.

What I do know, is that there is always opportunity.

Any rational person will get their head above water, and figure out how to make a profit from whatever ideas seem to make sense in the current economic climate.

Here is one man’s idea. He is a mortgage broker who has recognized that his previous business model wasn’t working, and has made appropriate changes to help himself by helping others.

What’s your idea?

On a sad note, Randy Pausch will be missed, but his ideas have left quite a legacy for his family. He was an inspiration for all and a true wizard of wealth. Our sympathy and condolences are extended to his family in their time of sorrow.

The government has legislation approved to bailout “400,000” potential foreclosure victims (who knows what the real number is), awaiting President Bush’s approval.

If you are into investing and trading, there are some sophisticated thinkers out there who can help us to better understand the social and herd psychology. There are times we want to run with the herd. If they are being led to the slaughter, however, it may be a good idea to become part of the butcher’s team.

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