Wednesday, September 24, 2008

Wealth

Is it possible to become wealthy today? I read the other day that the three secrets of wealth are to make more money, invest in items that appreciate, and don't buy what you don't need.

Rising gas and food prices make it difficult to even keep even in this economy. Unemployment is up. My husband told me that he saw on Fox News a former mortagage broker who is sleeping in a parking lot in her car in Santa Maria, California. She has been homeless for 6 months. Abandoned homes are taken over by gangs. The police watch the parking lots in San Luis Obispo and Santa Maria where new homeless people sleep in cars. Boy, what a different place and how things have changed. San Luis Obispo used to be a upscale, wealthy community. It is hard to believe this is happening.

How do you invest in things that appreciate right now? The stock market tanked. You used to be able to buy a home and have it appreciate but now homes are depreciating.

I don't think that people are buying extras right now, unless they are rich. Everyone is having a hard time just putting food on the table and gas in the car.

I think it is always possible to make it better for yourself but it takes more work to learn what you need to do at this time. You must be creative. You must work hard. You must save whatever money you get. You must be competitive and do everything better than the next person so your skills are wanted and needed. There is always hope for a better tomorrow but it is a little harder to do it now.

The one show on television that is really helping people today find ways to make it is The Big Idea on CNBC with host Donny Deutsch. He's despensing valuable information. I have tried several times to call or e-mail but I haven't heard from anyone. He's helping so many people. I think that this show is probably the most important show at this time.

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