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January 25, 2008
Econcomic Stimulus Plan To Stimulate Your Business
Well, I think are news feeds are flooding with recession, unemployment, and now the recent economic stimulus plan presented by the White House. To sum up the economic stimulus plan, basically $150 billion for about 117 million American families by spring. The plan will also include $50 billion in tax incentives for business, mostly through faster tax write-offs of investments.
With that said, what would you do with it? I asked three other people and these were the answers they gave me.
1. "I would put it all into paying rent and my debts."
2. "Finish paying off the credit card debt, put the rest in investment. I have no desire to buy luxury goods at this time in my life; and I have a difficult time believing the bases of our economy is dependent upon idiots buying a bunch of crap."
3. Off the top of my head, I think I would invest it."
I thought that it was interesting that 2 of the 3 mentioned paying off debts, meaning they if the economy does take a dive they want to be as far out of debt as possible. The stimulus will be implemented to so that people will spend it and stimulate the economy, but if people hold onto it or just pay-off their debts the stimulus may be a little too late.
Personally, I think a recession is one of the greatest times to do business. I plan on aggressively moving forward to grow my assets. I've seen many people that begin gobbling up stocks, real estate, and starting small business--all because the recession affords them an opportunity to get into the mix. As we move forward and into a possible certainty be sure to take the time and research the different opportunities that are out there.
Other Resources:
www.MonsterPapers.com
www.school-for-champions.com/writing/bookreport.cfm
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Posted by cmanscill at January 25, 2008 1:24 PM
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