Detroit and the Pension Crisis is a microcosm of what is to come – Invest in your abilities and your business!


If you have been following the news, even only slightly, you have probably heard the news that Detroit is the largest US city to file for bankruptcy.  Approximately 1/6th of their financial woes is the result of pension obligations.

In 2004, 51% of active workers were paying into the system as compared to 40% retirees.  If these ratios were not dismal and disastrous enough, by 2011, these grossly
disproportionate numbers reached 39% active workers paying into the system as compared to 61% retirees.

Obviously, these numbers are completely unsustainable.  The result – bankruptcy!

Huge lawsuits are being filed trying to stop this bankruptcy because tens of thousands of people are in serious jeopardy of having their pensions and benefits
reduced.

Whether you agree or disagree with “the system,” the fact of the matter is that police, fire fighters, and many others fulfilled their obligations, paid their dues, and are deserving of what was promised at the start of their careers.  Can you imagine working for 30 years expecting to retire with anticipated income and benefits only to realize your long-term plans are now in jeopardy?   Talk about stress!!

Again, you can agree or disagree with the system all you like, as I do.  But regardless, these citizens were made promises, fulfilled their obligations and are deserving of
what was promised.

What’s the point of this message?  Well, there are two points.

First, the situation in Detroit is just the beginning, the tip of the iceberg!  Detroit is a microcosm of the impending situation that awaits our nation in general as more and more people retire, coming out of the labor force.  Couple this with a growing 17 trillion dollar debt, a dismal economy, high unemployment, inflation, and more, and Detroit becomes an illustration of the Ghost of Christmas Future for our country as a whole!

I know, I know.  Some of you are going to be upset with this message.  Although unfortunate, I understand – you rely on only happy, rose smelling messages.  Sorry, but I
consider it an obligation to those who stay to do my best to educate and prepare you for success.

Some of you who have been with me for a long time will recall back in 2006 when I was discussing the economic problems that were going to befall our economy and,
needless to say, they came to pass.  Trust me, I certainly am no prophet.  Far from it!  But with the help of my financial advisors, we were able to study the economic landscape and adjusted my investment strategies accordingly.  The result, while many people were losing a lot of money in their retirement accounts, the bulk of my assets were protected.

Second, in looking long-term, would you rather bet on you and your own abilities to build and create wealth or would you prefer to wait on a pension and Social Security that will, clearly, be in serious future jeopardy if existent at all?

Again, Detroit is simply a microcosm of what is coming in the future.  The middle class will be further strained and stretched widening the gap between the “have’s” and the
“have-nots.”

Don’t worry, the politicians who got us in this mess, on both sides of the isle, although corrupt, they’re good – their financial butts are covered!  But us, the small business owners and backbone of the country, we’re not!  We need to be creative, work hard, invest in and protect our own financial futures!

The question is, where are you going to be as this picture further develops and comes into focus?  If you’re betting on a pension, you’re at the mercy of someone else.  If you’re betting on Social Security, you’re at the mercy of someone else. Needless to say, all such scenarios are incredibly precarious and leave you extremely vulnerable.

For those of you who are still reading and not yet deleted or unsubscribed, my strongest advise is that you (1) invest in yourself and your own money-making skills,
and (2) diversify.  Although the practicality of the old saying “It’s better to die on your feet than live on your knees” is a bit of a stretch in this scenario, in being honest, this is kind of how I approach entrepreneurship in such hostile economic, regulatory and political conditions.

Seriously, would you rather invest in your own God-given talents and abilities in pursuit of entrepreneurial success or would you rather “play it safe,” work hard for someone else, and cross your fingers hoping to be rewarded with what was “promised” to you?

I apologize for the lengthy message, but I congratulate those of you who remained reading.  I further encourage you to invest in yourself and diversify.  You owe it to
yourself and your family.  Trust me, opportunities are all around us.  I see it all over the country with motivated Providers.  I encourage you to invest in yourself and diversify.

If you’re serious about expanding and diversifying your NEMT business, I encourage you to study my State of the Industry Report.  I continue receiving an overwhelming response for this resource because it his highly enlightening to our changing industry as well as shares several strategies and examples of Business Owners expanding their NEMT businesses and making a LOT of money!