Part One: the Deterioration of the Credit Markets and it Effects on the U.s. Culture

Posted: Aug 05, 2008 | Comments: 0 | Views: 22 | Bookmark and Share

As a mortgage professional I am always asked questions about the impending doom of our current financial system. More so now then ever before with the first bank failure of this market down turn and the 2nd ever in history, the challenges that we face today as a society is 100 times worse then what people may have experienced during the Great Depression in the 30s. How do we overcome these hurdles?

Stop buying everything on credit!!!!!

If you cannot afford it now maybe you do not need it. Put together a good financial plan. I found a website that allows me to search financial services companies by geo-targeting the area that I live in. Check out 104cpa.com or 104taxes.com as a starting point. You can see reviews posted by other users and join a network of like people who may be in the same situation as you.

We are truly in difficult times and as a society the United States is well on its way to becoming like a third world country with the declining visibility of the middle class a family will either be rich or poor, no middle.

That is a scary thought but all hope is not lost. With the advent of technology and the increasing number of online communities, and networking groups we can start making a difference. We need to fist stop worrying about what our neighbors have. We need to stop trying to keep up with the Jones. We need to stop following the will of the advertisers. We need to stop consuming so much unnecessary junk. We need to stop transferring so much wealth oversees. We need to start being more innovative. We need to be more focused on science and technology.

104inc.com is a community of businesses that believe in that same concept and are there to help better our society. Let's make a difference a little bit at a time.

To Be Continued..................

(ArticlesBase SC #510418)

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