Archive for the ‘Debt Solutions’ Category

Uk Sinks Into Double-Dip Recession

Thursday, April 26th, 2012

How To Avoid The Effects Of A Double Dip Recession

How To Get Out Of A Debt Crisis Despite the Recession

I want to share something with you that I recently heard about whilst discovering that the UK has gone into a double dip recession, concerning one of my colleagues who joined the business opportunities we share with people all over the world. UK's Falls Into Double Dip Recession

The UK’s double dip recession is going to hurt a lot of people and small businesses but Mark’s story proves that not everything has to be doom and gloom. He recently shared his personal story with some of our members on how he broke his personal cycle of debt ($40,000 in the red) that accumulated during the latest recession and turned it into a $3.2 million online business within two years. These types of stories illustrate that with the right help and determination anything is possible with an online small business.

Any way, despite the recession and the effects the recession has had around the world, Mark realized that the current worldwide financial crisis was not going to do him any favours or help him to reduce his debt… so I suppose it finally hit home with him that the only way things could change was if he himself did something about it. And that is what he did. How to avoid a debt crisis

The situation we’ve have all found ourselves in as a society, is unlike any we’ve experienced in recent history. Britain has now officially gone into a double dip recession and Europe and other countries will no doubt follow. In the past, when there has been a financial, national and international downturn, people have lost their jobs. But they still had some wealth – A nest egg in their homes. Maybe, 10% to 20% equity, so they would sell off and either rent or downgrade to a smaller home.

Unfortunately, in today’s recession, on average homes have also lost value, and as a result it has left many people between a rock and a very hard place. But there are novel solutions still available. . . At no other time in history could a person learn a skill, start a business and have a worldwide audience all in the span of a week. But with the Internet here to stay, we can. The millionaires this “novel solution” is creating is truly a new breed for a new age, recession or no recession !

What I want you think about is this. . . First, did what Mark achieve give you value and a new perspective to work for? I know stories like that do for me each time I here them in particular how someone within our online community has been able to change their lives because of what we have taught them.

It reaffirms for me just how important we are as ordinary individuals, online entrepreneurs, self employed business people, call us what you will to do what we know will change our lives and to continue working towards creating this  “new version” of wealth for ourselves. .

But here’s what’s most important. When you share that level of perspective and history with other people it does 2 things:

1. It enables individuals to view their personal situation differently and demonstrates how someone like me can and will continue to offer them a powerful insight that in the end will help them to create “new wealth” and break out of the cycle of debt during this age of financial crisis and recession.

2. It demonstrates just how much opportunity there really is still available and what we have to offer towards helping people create a better future and why it is important to make the logical choice to get started sooner than later. Ways to beat the recession and create a better life

Think about your personal story and how the recession is effecting you. How does it feel? Ask yourself what you could do to alter what lies ahead. Do you have a powerful enough reason to do something more positive and constructive with your life? If so why haven’t you done something about it?

Sharing such a perspective with other people, people who can help you break your cycle of  debt and help you create personal wealth in the process is the key to achieving success.  Don’t think for a minute that the recession means there is no hope.. because there is. Don’t use it as an excuse. Think positively

If you’d like to see what we are working on and how you can partner directly with myself and my business then get in touch. We would love to help you.

Kind Regards
ROY DERRICK

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Is This Thomas Cook’s Most Expensive Holiday Ever?

Monday, November 28th, 2011

Thomas Cook Has Just Bought Their most Expensive Holiday !

Thomas Cook, the well known Holiday Travel Agent Company has been saved from what may have been closure. As a result thousands of holidays all over the world have been saved. This may well be the most expensive Financial Holiday ever for the company. 

Troubled holiday firm Thomas Cook has has just secured a £200m credit facility, amid fears it would be forced to shut 200 travel agencies to stay in business and despite it’s shares in the company falling by 75% . Banks such as Barclays, HSBC, Royal Bank of Scotland and UniCredit SpA all stepped in to help save the company.

It is a clear sign that the global economy is far from being on the road to recovery and that fears continue to grow that we are heading for a double dip recession, in fact a global one. As more and more larger companies close down, the knock on effect on smaller businesses continues to rocket forcing more people out of employment and struggling to make ends meet.

Thomas Cook is not the only company to hit the headlines this week… Topman, owed by the Aracia Group looks as though it is in trouble due to it’s sales and profits shrinking by over 46%.

The ethics of saving the big companies to help save smaller businesses that form part of the supply chain, may well be the way forward, but one can’t help thinking that more money should be made available for new business start ups and to help create more exports and jobs.

It looks as though global unemployment will continue to increase over the next 12 months or so.  As it does the cost to the government will continue to rise.

What is clear though, is that people are becoming more wary at what the governments promise making individuals stand up more for themselves in search of securing a better future. Applications for better education have increased as people seek new skills in the same way as individuals are now seeking to start their own business and work from home.

Roy Derrick

The Pennies Soon Add Up

Tuesday, May 3rd, 2011


Where There is A Will, There is A Way

My eight year old daughter came up to me the other day and said that she had been thinking of ways to cut down on our bills.

Dish washer

” Rather serious stuff for an eight year old”, I thought, but was eager to hear her out.

“Well daddy”, she said in her cute voice, “do we really need to use the dishwasher every day?” Why can’t we wash the dishes by hand? This would save on electricity and water.” (“Plus it would  save us waiting those endless 2 hours for the cycle to finish in order for us to have knives and forks to eat with” I thought to myself in amusement.)

She then went on to say how  mummy could wash the clothes by hand and that we could make sure all electrical equipment like computers and lights were switched off.

“What good suggestions “I replied “especially if it will make you think before leaving all the lights on like Blackpool illuminations!”

Have we implemented her suggestions? I have to say that even though they were simple suggestions it certainly has made us think.

I have observed that even though there isWashing Clothes not the remotest chance that my wife will resort to washing  the clothes by hand (she would be there until midnight with the amount of washing that we have!).

She has indeed resorted to washing the dishes by hand especially when the dish washer would only have been have full.  She also ensures that she hangs the washing out on the line to dry rather than using the costly tumble drier.

I love the simple things in life and the thought of being more effiicient, yet considering that an average dishwasher uses 2 units of electricity an hour (hence what
would be 4 units used for an average cycle) and a tumble drier uses an average of 4 units per hour.

I cannot wait to compare my next electricity bill to see how, hopefully , these simple changes will have helped to reduce my quarterly bills. As a famous supermarket would say:

“Every little helps!”

The same principle can apply to almost anything, depending on how much you want it. ‘Where there is a will, there is a way’ !

“To get what you never had you must do what you have never done”.


Yours truly

ROY DERRICK

Dealing With Debt

Monday, May 2nd, 2011

Don’t Be Like a Boiling Frog When Dealing With Debt

Leap Into Action Before It’s Too Late

It is a proven fact that if a frog is placed into cold water and heat is applied at a steady pace until boiling, a frog will remain in the water throughout until it eventually dies. However if a frog is submerged straight into boiling water it will immediately jump out and thus be saved.

This sadly can be applied to many of our everyday lives especially when we are facing debt issues. Like the frog facing a slow death, many of us often know that out debt is escalating out of control but we choose to bury our heads in the sand until it is too late. However when we are eventually faced with the reality i.e. losing our homes and all that we have, then like the frog  in boiling water , we will then choose to take drastic action and jump into action.

There are many routes that can be taken to try to get out of debt .However whichever  of these ways you choose, you will need to evaluate your life and change what you are doing as evidently whatever you are currently doing is not working for you. Failure to do so will result in financial suicide and terminal poverty.

istockphoto_4506983-leaping-frogThe first evaluation needed is to take a look at what is being spent on a daily basis to establish whether any cutbacks can be made to save money. It is surprising how much money can be saved even by ensuring that we only purchase items on our shopping lists and by trying supermarket own brands.

Money can also be saved by other simple measures such as monitoring the electricity and gas that we use or by only having one line on a lottery ticket rather than several.

It is useful to also check whether any credit cards can be transferred to new zero interest ones.

All the above measures can help to reduce our overheads and debt.

The important thing to remember is that anyone is capable of doing anything they set their minds to. We merely need to adopt a positive mindset and make changes to our lives in order to start reducing our debt.

Another means of reducing debt is by looking for ways to create extra funds.  One way to achieve this is by setting up your own business. There are many different opportunities available that can be started from home. This is particularly advantageous as there are very little start up costs and overheads.

All you need is self belief, finding the right opportunity and often a small investment that will lead to greater things in the future. Your business can be literally a small commute from your bedroom to your study. There is no dress code and you could merely turn up for work in a pair of slippers and shorts.

Many people don’t start their own business as they feel that they do not have sufficient funds. However many business opportunities actually have low start up costs.  It is surprising that if we were to again review our weekly costs and not only reduce on essentials but also on hobbies and non essentials, how the small amount of money required for set up costs could be achieved. As the saying goes “where there’s a will there’s a way”. Often something of a lesser value traded now could be rewarded for something of a greater value later.

However if you consider taking advantage of any of the  business opportunities available, it is crucial to thoroughly research the business  to ensure that it is a genuine opportunity and not a scam.

Finding a genuine business opportunity that is right for you can be life changing and be a big step in the process of eliminating your debt.

Whichever way you choose to reduce your debt be sure to act before the debt escalates out of control. Do not wait until it is too late… Do not be a boiling frog!

Yours Truly
ROY DERRICK

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