Quarterly Update

Sorry for not keeping up with the posting, it has been an extremely busy month for me. The general manager at my new job quit and I have taken over as the new GM and am working hard to turn things around on the job. Things are going well there, but it has taken a lot of time away from my personal pursuits.

Everyone is well aware of the turmoil in the stock and financial markets, but we must all remember that with every problem comes opportunity. While problems abound, opportunities are all around us. If you've read some of my previous articles, you will see that the things I predicted are starting to unfold. Oil is down, gas prices are down, people are switching to more energy efficient means of transportation. There has been a big drop in the stock market with a lot of people running for the exits, doing exactly what they should not do, selling low! We all know you are supposed to buy low and sell high, the problem is none of us tend to do this.

So how is my plan progressing? Like everyone else, my stock portfolio has dropped in value. However, as I mentioned in earlier posts, my plan for the year included building cash positions through better cash flow management. This has gone quite well for me. I have reduced my debt considerably, built up my cash accounts and am in position to take advantage of some of the best bargain pricing on stocks that I have ever seen in my lifetime. I have also reduced investment costs, buying larger blocks of shares at a time and reducing commission costs. I have been actively searching out new dividend stocks and adding to my portfolio, thus increasing my monthly dividend income. With larger cash holdings, my interest income has increased as well. I still have some small debts to pay off and will then be able to concentrate all of my cash flow towards wealth building.

My small businesses have done well. Income from my rental property maintenance company has increased and I have added new clients to keep the money coming in. My online business has started generating commissions and should be profitable within the next year. I am excited about this business, because it takes so little time and effort on my part, yet the returns can be staggering. You can check it out at: http://www.freedom.ws/bgnjcmo3

My advice at this point is to stay calm. Yes there are a lot of problems with the economy and the stock market, but remember, with every problem there is an opportunity.