parkehcke

@@@@@ "Maybe I can get a second job "I'm quitting in two weeks I found a job that pays more In some circles, these are sensible ideas Yet, if you listen to Ray Kroc, you are still not minding your own business These ideas all still focus on the income column and will only help a person become more financially secure if the additional money is used to purchase income-generating assetsThe primary reason the majority of the poor and middle class are fiscally conservative-which means"I can't afford to take risks"-is that they have no financial foundation They have to cling to their jobsThey have to play it safe When downsizing became the "in" thing lo do, millions of workers | found out their largest so-called asset, their home, was eating them alive, j Their asset, called a house, still cost them money every monthTheir car, another "asset," was eating them aliveThe golf clubs in the garage that cost $1,000 were not worth 51,000 anymore Without job security, they had nothing to fall back on What they thought were assets could not help them survive in a time of financial crisis1 assume most of us have filled out a credit application for a banker to buy a house or to buy a car It is always interesting to look at the "net worth'1 section It is interesting because of what accepted banking and accounting practices allow a person to count as assetsOne day, to get a loan, my financial position did not look too goodSo I added my new golf clubs, my art collection, books, stereo, television, Armani suits, wristwatches, shoes and other personal effects to boost the number in the asset columnBut I was turned down for the loan because I had too much investment real estateThe loan committee did not like that 1 made so much money off of apartment housesThey wanted to know why I did not have a normal job, with a salaryThey did not question the Armani suits, golf clubs or art collection Life is sometimes tough when you do not fit the "standard" profi