Forbes just ran a story about how all the billionaires lost a lot of money in 2008. Here's a quote from the article:
"Dozens of the world's wealthiest lost billions in recent months, but these 10 distinguish themselves for some of the biggest flops. It was a dreadful year for the world's wealthiest as markets and currencies around the world tumbled. More than 300 of the 1,125 billionaires we tallied on our annual list last March have since lost at least $1 billion; several dozen lost more than $5 billion. The 10 richest from our 2008 rankings dropped some $150 billion of wealth, dragged down by steel tycoon Lakshmi Mittal, estranged brothers Mukesh and Anil Ambani and property baron K.P. Singh, who together dropped $100 billion. America's 25 biggest billionaire losers of 2008 lost a combined $167 billion." You can read the whole article by clicking HERE.
We are heading into a new year and it's time to start thinking about what we are going to do in this new year. The economy will not likely get any better. In fact it may never get better. So, it's going to be important to your financial future and mine for us to develop multiple streams of income.
From 1995 to 2001 I built a large international network marketing business and then retired. I've been enjoying time and financial freedom for the last 7 years, but am now reconigizing that the future is going to require more and so I'm back building another huge network, which will generate another stream of residual income. I'm also working with a few affiliate programs and doing some distribution of books, that will add more streams of income.
I hope you have plans to do the same in 2009. This is going to be a difficult year for those who are steeped in the current economic system. However, it's going to be a very prosperous year for those of us working outside the box. So, get out of the box and let your creativity go wild. You're going to need it in the coming years.
Have a safe and blessed New Years! See you next year.
Rod
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