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“Own Back Your Time” this Saturday, May 7

Standard & Poor Warned U.S. of a Possible Downgrade in its Credit Rating

What does this tells us and what does this mean to you?

First, the story. Reuters reports

“Standard & Poor’s threatened Monday to downgrade the United States’ prized AAA credit rating unless the Obama administration and Congress find a way to slash the yawning federal budget deficit within two years.”

Read Reuters comprehensive news report dated April 18, 2011 here. LINK

Second, to further understand what does it mean, let’s define first what is what???

What is Standard & Poor’s? It is a credit rating agency (CRA) that provides credit ratings, as a guide for investors, for the debt of private and public companies including governments. It’s basically an institution that tells who are the good payers and bad payers of debt.

Currently, the US is rated AAA , the highest rating (Categorized as best quality borrowers. They are reliable and stable).

Our beloved Philippines is rated BB+ (a non-investment grade. More prone to changes in the economy)

In Layman’s terms, S&P is similar to a person who investigates your background and financial capacity to pay, when you borrow money or take out a personal loan. So if you imagine yourself you have a AAA rating, it means you pay back your debts properly and in good terms. Get the idea?  🙂

What does it mean to you and me?

Well it really depends.

It could mean a lot of problems to you. And it could also mean Nothing! Let’s explore more…

The warning was spawned by a growing US federal budget deficit. Budget deficit is an excess amount of expenses more than the income. In other words, it’s a result of overspending more than what is earned. Budget surplus is the complete opposite. There is a surplus because expenses are lower than the income.

To cover for the deficit, an individual, a business, or a country borrows money or uses debt. The problem is not actually debt itself but how debt is handled.

Now, S&P says it would lower it’s credit rating unless the US find means to lower this deficit in two years time.

A Simple Illustration

If you defaulted in your credit card, or loan payments, you’ll have a bad credit standing. You’ll have a bad record and probably will have a hard time borrowing money again from banks or financial institution. If you fail to pay borrowed money to your family, relatives and friend, you’ll probably ruin the relationship involved.

Now imagine a country unable to make its payments to creditors and investors? That’s what’s troubling America and the US dollars.

What does this mean to you?

Find out in the next blog post. Okay? 🙂

Subscribe your Email to immediately receive updates from this website. Link is on upper right of this page… there! 😉 Are You In The Rat Race? Move to Freedom buddy!

I Shoot for the Stars! ★ by Jervis

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I try to learn from the past, but I plan for the future 
by focusing exclusively on the present. 
That's were the fun is. Donald Trump
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Sign-up and join the thousands of online members in the
largest Filipino Online Business Community - invited byJervis
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May 1, 2011, CASHFLOW Manila

I just love Google. It helps us in a million different ways, literally! 🙂

Here is a Google Map snapshot to the CASHFLOW Manila Event this Sunday. For a full live map, click this LINK

*Reserve A Seat NOW*

And discover how YOU can:

  • Take Charge of your Finances

  • Start Building your Business

  • Retire Young and Wealthy

  • Be FREE!

~★★★~

I’m a Star Shooter – byJervis

Add me on Facebook | Follow me on Twitter
-----------------------------------------
I try to learn from the past, but I plan for the future 
by focusing exclusively on the present. 
That's were the fun is. Donald Trump
-----------------------------------------
Sign-up and join the thousands of online members in the
largest Filipino Online Business Community - invited byJervis

The Next CASHFLOW Manila Event

Okay, now YOU are really excited and interested to play this Cashflow.

The question is HOW can you play?

CASHFLOW Manila

Drum rolls… And now here are the event details!

So When is the next CASHFLOW Manila Event?

May 1, 2011, Sunday. Registration to the event starts at 8:30am. Workshop commence 9:00am.

Where in Manila?

At the Penthouse of Makati Stocks Exchange building. Ayala Avenue, Makati City. Here’s a map LINK

Is there a Fee?

Yes. 400 pesos which will be used to handle workshop materials and a lunch set meal.

Am I required to bring anything?

A valid ID, a calculator.

How do I make sure my seats are reserved?

You need to send your details so seats will be reserved for you and your friends (if you happen to bring them with you and share the excitement). You can easily do that here LINK

Or you can simply txt me your reservation through the following numbers:

(0927)877-7288, (0922)888-9381

So what are you waiting for?

Invite your friends, colleagues, families and associates and let’s play CASHFLOW!

I’m a Star Shooter – byJervis

Add me on Facebook | Follow me on Twitter
-----------------------------------------
Money was never a big motivation for me, except as a way to keep score. 
The real excitement is playing the game. 
In the end, you're measured not by how much you undertake 
but by what you finally accomplish." - Donald Trump
-----------------------------------------
Join the thousands of online members 
of the Filipino Business Community - invited byJervis

Cashflow 101

It is an exciting way to learn business and investing minus the actual risk involved in it. If you ever wonder when do studying and learning become exciting, this is a living proof!

Cashflow 101 is a Financial Education seminar in a BOX, literally!

Check out these images of Filipinos playing Cashflow in Manila, Philippines

What do you get from the experiencing the workshop?

Here are the key lessons of playing this board game:

  • Know why most people are stucked, or should I say “trapped” in employment
  • Learn to take control of your finances
  • Learn to write your personal financial statement
  • How to get out of the “rat-race”
  • Learn the difference between capital gains and cashflow
  • Know the difference between a real Asset and Liability
  • Win your dream and Shoot for your Stars!

Are You Ready to Play Cashflow? LINK

I’m A Star Shooter!
Follow me on Twitter

The Race

Okay… so you’re tired and exhausted of the running the race.

I perfectly understand. I myself have experienced the same never ending pursuit of the rat race.

What is the Rat Race?

rat race is a term used for an endless, self-defeating or pointless pursuit… This terminology contains implications that many people see work as a seemingly endless pursuit with little reward or purpose.

(http://en.wikipedia.org/wiki/Rat_race)

So who are in the rat race? Employees in general.

No wonder you’re tired and exhausted.

Is there a way out? Definitely.