Positive Thinking is the Key to Surviving Tough Times

With our current economic crisis and hundreds of thousands of people getting laid off across the nation, it is troubling to think where we are headed. Our nation is in a full blown depression. The fall of our economy was caused by greed and dishonest people that worked at the top of major corporations refusing to accept accountability. I refuse to buy into the political schemes of these companies that are seeking bailouts. The majority of these bailouts have not been used to recover losses or save jobs. They have been used for the wrong reasons to cover there own ass-ets. There is a way to turn this around. POSITIVE THINKING, and helping others.

I am determined to make the best of my own resources, while educating myself to find creative ways to make money and utilize every resource that is available to help everyone where ever I can. Recently I have posted a job board on my website www.LayZDaisy.com/jobs.htm I hope by having this job board on my site it will help those find a job that needs one. I think when ever we can help someone else, it is this kind of thinking that will turn around our economy. Here are some other tips that will help.

1. Stop the worry and have POSITIVE THINKING. If you worry it will take you ten times longer to accomplish something than if you have POSITIVE THINKING. Worrying is a waste of time. POSITIVE THINKING will get you a lot farther in life and you will reach your goals in less time. POSITIVE THINKING will help you accomplish anything that you desire by attracting these good thoughts everyday and sharing your good thoughts with others. We need to lift each other up and filter out the negetive.
2. Be Creative and find other ways you can make an income with NO investment. Some of these ways can be selling a product or service you can provide through free internet classified advertising. www.craigslist.org
3. Prioritize the things that are most important. By prioritizing I mean prioritizing everything in your life starting with your finances, cleaning your house etc. Prioritizing will also relieve a lot of stress and you will be able to look at everything with a clear picture.
4. Cut expenses and be frugal, you can live with less. When times are tough financially being frugal is way to cut the expenses you don't need without being cheap. If you remember to recycle and reuse this will in becoming frugal. Then when ever you can prepare for the future.
   
5. Share the lessons you have learned with others. Be willing to help someone and share your POSITIVE THINKING. Then if everyone helps someone else it will spread like wild fire.

Something US Auto Makers Have Forgotten

It seems that today many companies and their officers are driven by greed. The Government bailouts are not being used in the proper manner to save these companies from failing. This is disturbing to me that General Motors plans to close 500 dealerships and layoff thousands of jobs. Even more disturbing is that GM officials say that without the second installment of $5.4 billion dollars they will run out of money by March 31, 2009. It makes you wonder what are they doing with all that money that would make them run out? With $5.4 billion dollars you could save a whole lot of jobs. I think this is poor management to get this far into debt and not be able to pay your bills and save jobs.

When the whole auto industry is in trouble, instead of looking at the bottom of the food chain to cut costs, they should start from the top. This rather large house cleaning project should begin at the home corporate offices and look at over spending that is unnecessary, then go down to the branches of the company. Top executives refuse to take a pay cut when there are families that have worked in the Auto Industry for years living from paycheck to paycheck. Chrysler and GM need to take notes from a few competitors take some responsibility for their actions and realize it is their employees that are the core of the company and it’s what makes a company better.

As I was browsing around the internet I found a quote that I think the US auto makers have forgotten about. “There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.” ~ Henry Ford

BMW makes a strong statement that they take responsibility for their actions and they exist to make the world a better place. They wouldn’t be where they are today if it weren’t for the employees that make up the most important part of their company.

The information in the blog is the opinion of the writer, articles were provided from the following sources;

http://www.bloomberg.com/apps/news?pid=20601087&sid=aEBxMmCfl0xY

http://www.huffingtonpost.com/huff-wires/20090121/gm-henderson/

Bailouts: First the Banks, now the Auto Industry?

Over this past year many national banks have been in trouble. This happened because of bad investments and bad judgments of people that worked for these banks that did unethical loans. Because of the giant loss of banks across the country, the Federal Government decided to step in to bail out these banks in an effort to save the economy. Unfortunately it wasn’t a very well thought out plan. There were banks that used the money to pay themselves big bonuses and pay for luxury vacations, instead of using the money for what it was intended for. Then there were banks that used the money to pay for new investments, some of these banks didn’t even need the bailout money. Now the auto industry is seeking bailout money from the Government. Should these companies be bailed out? Or should they be held accountable for their actions, and file a Chapter 11 while they clean up their act.

The Government I think is going to go about this in a smarter way this time. Some things to consider are what will happen to the economy if they give the money to the auto industry? What type of stipulations will be enforced? We as tax payers do not have a choice. When ever the Federal Government gives a large sum of money to anyone, we pay for it, and usually the money comes from one of two sources, they raise taxes to pay for it or it comes out of social security.

Here are some additional articles related to this post.

How the Feds will Govern GM and Chrysler

Potential GM Bankruptcy Catastrophic for Economy

Wallstrip: Does the Auto Industry Deserve a Bailout?

Banks in Trouble

In this troubling time in our economy, we have many uncertain things going on right now. Our real estate market is down, and the stock market has crashed. We are now in a recession that may take years to recover from. I am not writing this article so you will panic. I am writing this article to keep you informed in what is going on in the Banks today. This is a follow-up article to the the last article I wrote on September 30, 2008. This is part of the "Is your money safe?" series. With any article I write, I do extensive research, and usually provide some web links to verify my information. This is to ensure that you get the most accurate information that I can give you.

Most Banks are insured by the FDIC, Credit Unions are also insured by the NCUA. What this means is, your money that you have in your bank account located at each Bank and Credit Union is required to insure your money for up to $100,000. Bank watch list as published by The Bank Implode Meter, these are banks that have all been audited and written up for something. More information can be found on each individual bank FDIC, NCUA.

Level 3 watch Bank List.

1. Fifth Third Bankcorp 11-06-08 (crashed, waiting on implosion)
2. UBS Bank 11-04-08 (crashing)
3. Mitsubishi Financial 10-27-08
   
4. Citigroup 10-16-08
5. Merryl Lynch 10-13-08 (may still come out alive)
6. Bank of America 10-07-08 (settlement, not in the clear yet)

Failed Banks/ Credit Unions List.

1. Security Pacific Bank, CA 11-07-08
   
2. Franklin Bank, SBB, TX 11-07-08
   
3. Freedom Bank, FL 10-31-08
   
4. Alpha Bank & Trust, GA 10-24-08
5. National City 10-24-08
   
6. High Desert Federal Credit Union 10-17-08
7. Meridian Bank, IL 10-10-08
   
8. Main Street Bank, MI 10-10-08
9. HBOS PLC 10-09-08
10. N & W Poca Division Credit Union 10-03-08
    
11. Watchovia Bank 9-29-08
12. Washington Mutual (WaMu) 9-24-08
13. Ameribank, Inc., WV 9-19-08
14. Interfaith Federal Credit Union 9-17-08
15. Lehman Brothers 9-11-08
16. Silver State Bank 9-5-08
17. Integrity Bank, GA 8-29-08
18. Columbian Bank and Trust, KS 8-24-08
19. First Priority Bank, KS 8-1-08
20. First National Bank of Nevada 7-26-08
21. First Heritage Bank N.A. 7-26-08
22. Indy Mac Bank Corp 7-11-08
23. First Integrity Bank 5-31-08
24. ANB Financial 5-09-08
25. Carnation Bank 5-09-08
26. St. Luke Baptist Federal Credit Union 5-07-08
27. Hume Bank of Hume, MO 3-10-08
28. Douglas National Bank 1-28-08
29. Huron River Credit Union 1-19-08
30. Green Tree Federal Credit Union 1-19-08
31. Metropolitan Savings Bank 1-19-08
32. Miami Valley Bank 1-19-08
33. Net Bank 1-19-08
34. Sharebuilders Federal Credit Union 1-19-08
35. Freemont General
36. Bear Stearns
37. Northern Rock PLC
38. Coast Bank

Tuesday, November 11, 2008 at 11:27 AM Posted by LayZDaisy.

Economic Crisis: How low is the market going to go?

The announce of the stock market crash on September 15, 2008 marketed the largest crash since 9-11, 2001. As most of us know the stock market has continued to crash everyday since. What most people don't know is the bailout plan was the government's way of placing a band-aid on a very large wound already in progress, to hopefully prevent a recession. If that happens, the depression would be larger than the great depression of 1929. Once a recession starts it usually takes many years to recover. This makes you wonder how low is the market going to go? I think unfortunately a recession has already hit. Many people are in denial. With Banks collapsing among other businesses. This leaves the next five years very uncertain. We need to figure out a better way to prepare for the future. Now in our country there is a record number of foreclosures, billions of people have no retirement and thousands of people are currently unemployed. This gives you some things to think about doesn't it. Here is what other people are saying about our economic crisis.

A Pastoral Strategy for an Economic Crisis

Declaring War on the Meltdown

Economic Crisis

Web Exclusive: Economic Crisis