I’ve been thinking about welfare lately.  You know, with the push to socialize more and more of the United States, I thought it would be nice to think about our current socialist institutions.  And my grandparents are out of money and can’t live on their own anymore, so they’re applying for Medicaid (which requires that they be poor enough for welfare). 

That’s an interesting idea, isn’t it, that before we’ll give financial aid to people who can’t make ends meet, they have to be so poor they’ll probably never recover.  For example, my grandparents own a house.  It is possible that in the next year or so, they may be able to live there again.  At which point their cost of living would be a lot cheaper, in a house that is paid off: no rent, no mortgage.  Instead, before welfare kicks in with Medicaid coverage for long term medical care in a nursing home, they have to sell their house.  So they will be irrevocably government-dependent, and the government will have to pay more money to find them a place to live. 

I don’t even believe in welfare; I don’t think my grandparents should have applied.  But if the government is going to offer it, couldn’t they use common sense and try to make the program efficient? 

To God be all glory,
Lisa of Longbourn

The best single indicator of the health of a company is its balance sheet. Every company, and even some individuals, live and die by this “Mother” of all financial statements. The balance sheet was one of the first kinds of financial statement ever created and it remains one of the most important financial statements for a company.
In practical terms, the balance sheet tells the story of the relationship between your assets, your liabilities, and the equity (value) of your enterprise. It can be summed up like this:

Assets – Liabilities = Equity (value)

The two most important components of the ‘Assets’ term in that equation are cash and accounts receivable (A/R). Distinguishing between the two is simple—cash can be spent, accounts receivable cannot. The more cash a firm has available, the better they can meet their obligations, expand, or weather financial storms.

Accounts receivable are IOUs, not liquid assets. Think of it this way: Will your bank accept your A/R as payment for your mortgage? Will your landlord accept your A/R as payment on your lease? Will your doctor accept your A/R in lieu of payment? No! Clearly, accounts receivable are not liquid assets.

Accounts Receivable is not cash. It cannot be held, spent, or used it to satisfy debt or other financial obligations. Another way to look at A/R is that it’s a sale or transaction that is waiting to be completed. A sale isn’t a sale until you are paid for it.

Because the ‘Liabilities’ portion of the equation can be trimmed only so far, the health of any endeavor, professional or personal, often depends on the ability to convert A/R to cash as quickly as possible.

Using efficient A/R management principles can accelerate conversion times. Here are a few ideas that will help you maintain control of your accounts receivable.

1. Stipulate that all bills are due upon receipt.

2. Offer credit terms that encourage payment, such as early payment discounts.
(example: 1/10, net/30—this means that bills paid within 10 days will have 1% taken off the total, bills not paid within 10 days are due in full at 30 days.)

3. Clearly specify the penalties for delayed payments on the bill.

4. Have your staff follow A/R management procedures without exception.

5. Use a licensed third party (attorney or collection agency) at 60-90 days past due, since after that, any profits will be gone.

http://www.biztimes.com/news/2009/11/13/a-new-corporate-umbrella

An interesting article out of Milwaukee.  Not every community can have a sort of Daddy Warbucks like these three gentlemen, but what I think they have really done goes far beyond a holding company.  By consolidating not only the usual office space amenities, but the equipment and the skilled employees necessary for manufacturing, they are creating a new model for business incubators — one that has the potential to take that idea beyond services and applies  it to the core processes of  manufacturing.

I’m sure some people might argue that it would be better for each company to have its own employees, and perhaps one day they will do that.   But I think it’s better to do this — to not only employ a few people, but to use that opportunity to help three businesses grow and get their legs under them.  Entrepreneurship isn’t exotic, and it’s often just plain old hard work.

Of course, these three companies share a workforce because their bosses told them to.  Could this work in a more conventional incubator structure?  Could a typical incubator convince or coerce its tenants to share core staff?  Or would that lead to a muntiny, perhaps even if the alternative were to close the doors?  More to the point of my recent posts, is this an

oh, if we all had one.

that our governments and agencies — and entrepreneurs — are ready to accept?

http://www.biztimes.com/news/2009/11/13/a-new-corporate-umbrella

No structure seems to be misunderstood as the monetary system. The accepted monetary system prevails as one of the most unquestioned nomenclatures. How money is created. The policy’s by which it is governed, and how it truly affects society is an unquestioned, unregistered interest of the majority. I implore you to study further for your own cognizance and complete understanding of the money matrix.

The Home Equity Enhancement Program will make you say, “This is Crazy.” But it’s not; it’s delightful, honest, legal, ethical and most important never before been disclosed to the consumer. The author and inventor of HEEP for US markets takes unbridled refuge in the federal Constitution of the Untied States of America – the supreme law of the land according to Article v1 – where it is guaranteed that an inventor or discover has an exclusive right to to their respective discoveries (Article 1, section 8, clause – in this case HEEP is an exclusive discovery by a judge of the land who has been studying financial markets for years, and it is my honor to represent this information just as my mentor Ray Wickstrom one of the brains behind this life-freeing program, encouraged me to learn and see for myself.

This is not a solicitation of any sort, style fashion or manner. This is an educational exchange of knowledge. If this is not for you, fine it’s your will, stop reading and continue to live at the banks mercy. , stop But if you want to fully take charge of your life, and know that the banking system is unscrupulous and crooked and you’re tired of being at their mercy month after month this is for you.

How would you convert your Home Equity or other assets such as Antiques, Personal Property, Auto/ Plane/ Boat, etc- What you already own into actual funds in an account all legal no risk of loss within 90 -180 days?

The Home Equity Enhancement Program, also known as HEEP©, is a special purpose vehicle innovated and developed by a Judge of the Native American Law & Justice Center.

Home equity sits in cyberspace – for want of a better word or description – and grows at a steady pace over the years after the house and the land is purchased through a mortgage loan process (‘mort’ is ‘death’ in Latin; ‘gage’ is ‘grip’ in Latin – therefore mortgage means DEATH GRIP!

When a homeowner has accumulated sufficient equity – what you originally owe versus the current market value of the house –you qualify to be eligible for a ‘refinancing of your mortgage at a lower interest rate,’ or ‘for a low interest loan because you have been ever so good about meeting your monthly mortgage payments obligations for the last five, six, or maybe ten years.

What happens next – they visit the lender, drink there cheap stale coffee, nod there head incessantly whilst pretending to understand the lenders jargon, review a mountain of paper work and offer that all important signature.

What the homeowner did not fathom is that he or she has just borrowed his or her money from the equity they already own, and to really kick a dog when its down, they are paying a monthly sum for principal and interest for borrowing their own money when they would have got their money free and clear had they decided to sell and buy another house and repeat the process after seven years.

Remember! Equity is property or an asset you already own! You have just borrowed from yourself, now you are paying the banks interest on it.

HEEP is a novel way for the homeowner to use accumulated home or other asset equity, that is unused, untouched, un-pledged and unencumbered, to be multiplied in a pooled account, with other homeowners, without any risk attached or contemplated.

All that is required is proof of your home property or other asset equity assessed valuation (or by a recent appraisal). And your latest mortgage statement with the current mortgage balance. By the way, the county tax assessor’s office can tell you what your house is assessed at or simply look at your most recent property tax statement to determine the current assessed value.

For example, we will use a home that has an assessed/appraised value of $300,000. If the original mortgage loan has a balance of $190,000, your equity is determined by the assessed value at $300,000 minus $190,000 mortgage balance = $110,000 equity.

Your $110,000 equity is eligible to undergo transformation up to four times using the deposit multiplier banking formula that is defined in Barron’s Dictionary of Finance and Investment Terms as a magnification of your original deposit ($110,000) to expand to $440,000. This money is yours to keep because the home equity is yours to keep from the start. You pay no principal or interest for the $440,000 except for any taxes that might be owed, or keep it in a blind trust as a future nest egg.

In Europe and the Far East where gold and real estate are used as a medium of exchange, these assets become eligible for expansion and enhancement through a process known as the ‘Asset Enhancement Protocols’ (AEP). Using the AEP as the model, the innovative HEEP program is being introduced to the World markets. Individual homeowners can now take advantage of what would otherwise be out of reach. Most international banks require a minimum of tens of millions of dollars to enter into these programs. Using the HEEP program, individual equities are pooled together to meet the bank minimum requirement to participate. Using international banking procedures and protocols, these documents are transformed into commercial value as a financial instrument and enhanced by a banking process known as the deposit multiplier. Risk? The HEEP is risk neutral. Why? Because NO cash is being placed into the pooled account, (only the documents evidencing your equity) and no encumbrance is placed on or against the asset.

HEEP, qualifies as an exemption from Securities Exchange Commission under Regulation D, Rule 501, where the homeowners’ tranche qualifies as an “Accredited Investor,” according to Barron’s Dictionary of Finance and Investment Terms, if they have a net worth of at least $1 million, or annual income of at least $200,000 for individuals and $300,000 for married couples. Entities – corporations, limited partnerships, religious, benevolent and charitable societies with a net worth of $5 million are also eligible as “Accredited Investor,”

There are banking entities all over the world that has developed strategies closely akin to HEEP. These strategies have been transformed into lucrative programs that generate a steady and sure yield.

Readers are encouraged to read, study, absorb, and understand the inner working mechanism of financial instruments in the capital markets of the world, so that you, as an asset owner, are able to make your own choices and decisions without outside “assistance and counsel.”

The greatest good you can do for another is not just share your riches,
But to reveal to them their own- Benjamin Disraeli

Learn to connect the dots, and you will be able to see the trees for the forest.

For information on how to join The Home Equity Enhancement Program e-mail multiplymyequity@aol.com

Research words
Deposit Multiplier and Fractional Reserve Banking:

For those of you who have not seen the articles today please click below…

http://www.fin24.com/articles/default/display_article.aspx?Channel=News_Home&ArticleId=1518-24_2556862&IsColumnistStory=False

http://www.fin24.com/articles/default/display_article.aspx?Channel=News_Home&ArticleId=1518-25_2556847&IsColumnistStory=False

It al centres around Eskom’s proposed Tariff increases for the next 3 years of 45% each year which will drive up your electricity costs to SHOCKINGLY high levels.

People need to understand that they can make changes now – CFL’S, LED’s, SOLAR, ENERGY EFFICIENT FITTINGS – all will reduce your usage substantially.

Most people complain that these items are TOO expensive and lets face it, they are more expensive than the usual alternatives. BUT this is the completely wrong way of viewing these items. We need to stop thinking like consumers, we need to re-think the way we live.

We need to understand that these Items are ASSETS and not expenses. They generate a return on the investment you have spent. For instance a LED bulb will save you approximate 50% when compared with the usual incandescent bulb. You therefore save money and in the real world saving money is just as good as making more money!

We have to run our homes like businesses – think carefully about our purchases and the rewards will be dramatic.

Right now with the Eskom increases we are financing THEIR assets and footing the bill, paying more for nothing? We have not increased our usage, in fact I would guess in most instances we have reduced our usage – YET we still pay more. This is not how it is supposed to work.

What can we do about it – GO SOLAR, GO EFFICIENT – so a solar system may cost you R15k but you get a return on that investment, and each time Eskom increases their tariffs your return increases. Once you have recouped your initial outlay in savings all that hot water is free – YOU COULDN’T CARE LESS ABOUT WHAT ESKOM DOES IN THE FUTURE.

This is the case with all energy saving products – you generate a return on them and they are in fact assets to you and your household.

You need to take a long term approach and in 24 months you could be generating 80% of your own electricity and saving the rest.

Visit us online – WWW.URBAN-SOLAR.CO.ZA

Have a Solar Day!

info@urban-solar.co.za

Some of our clients transfer title of their assets to their adult children while they are living, thinking it will make things easier. While there can be valid tax reasons to transfer some assets now, it can also create problems.

First, when you give away an asset, it’s gone. You may think your children will give it back to you if you change your mind, but they don’t have to, and things can change in families when money is involved.

Second, there could be tax problems. Currently, when you give someone other than your spouse more than $11,000 in one year, a gift tax may be involved. And when your children sell the asset, there will probably be a capital gains tax. That’s because the asset would not receive a stepped-up basis.

The basis of an asset is the value used to determine gain or loss for income tax purposes; it’s what you paid for the asset. If you give an appreciated asset to your children while you are living, it keeps its old basis. But if they receive it as an inheritance after you die, it receives a new stepped-up basis.

For example, say you purchased your home for $500,000 and it’s worth $1.5 million when you die. If your children receive it as an inheritance, the basis would be $1.5 million. If they then sell it for $1.5 million, there would be no gain and no capital gains tax.

But if you give the house to them while you are living, the basis would be $500,000. If they sold it for $1.5 million, they would have a $1 million capital gain and would have to pay $150,000 in capital gains tax.

If your estate is large, it may make sense to gift now because estate tax rates are much higher and apply to the entire asset, not just the gain. However, if you make lifetime gifts to reduce your taxable estate, consider making the gifts in trust, not outright. An irrevocable trust set up to benefit one or more family members protects those beneficiaries from claims of creditors resulting from lawsuits, including divorce. Furthermore, the trust can be designed to pass any remaining assets at the death of your children to future generations without another layer of estate tax. Your children can even be the trustee of their separate trust share.

Gifting can be a great way to reduce estate taxes if your estate is large and you can afford to give away an asset, but never give away an asset you may need later. There are other possible drawbacks to making gifts, so before you act, make sure you consult with an experienced professional.

Emerson Electric, an American company founded in 1890, ranking number 111 on the Fortune 500, and the nation’s largest manufacturer of electronics and electronic equipment, is saying bye-bye to the country that hired Barack Obama.

You have to wonder how many businesses are saying goodbye to Obamination with their feet – or will soon start as his policies begin to take hold.

Emerson Electric Votes With Its Feet, Saying The Goverment Is Destoying American Manufacturing

By Richard McCormack
richard@manufacturingnews.com

One of the country’s most important industrial companies says the United States is not a good place to manufacture and it will continue moving its assets offshore.

The federal government is “doing everything in [its] manpower [and] capability to destroy U.S. manufacturing,” says David Farr, chairman and CEO of Emerson Electric Co., in a presentation at the Baird 2009 Industrial Conference in Chicago Ill., on Nov. 11. In comments reported by Bloomberg, Farr added that companies will continue adding jobs in China and India because they are “places where people want the products and where the governments welcome you to actually do something. I am not going to hire anybody in the United States. I’m moving. They are doing everything possible to destroy jobs.”

In his Powerpoint presentation available on the Emerson Electric Web site, Farr notes that the federal government is damaging prospects for U.S. economic growth with a $1.41 trillion federal deficit (10 percent of GDP); $12 trillion in government debt that will grow to $20 trillion in 10 years; a policy of printing money; a “non-targeted $800-billion stimulus”; bailouts for Wall Street and the automobile companies; the prospect for cap and trade legislation; a “government takeover” of health care to the tune of more than $1 trillion; increasing taxes and regulations; and a “lack of U.S. $ support” for manufacturing. The global stimulus “soon will fade,” says Farr.

If I wanted to destroy a nation economically from within, I would do precisely as Obama is doing.  I would create a climate of confusion and uncertainty by preventing businesses from knowing what the future will hold for them so that they could not plan.  I would constantly threaten them with policies that will necessarily provide them with disincentives to hire new employees or expand their operations.  I would burden them with higher taxes and more onerous regulations.  And I would make essential resources (such as energy) more expensive.

And then I would simply sit back and watch that economy crawl into a hole.

You might like socialism just fine, but many of the companies that actually employ workers and produce the profits that keep government revenues flowing, don’t like it at all.

This is a newsletter published earlier this year, which I thought would make a perfect start to the blog.

The general consensus across the media is that the economic situation is improving – some industries are certainly fairing better than others.

One factor is certain however, if you are looking to source finance in order to take advantage of the brighter outlook, you will need up to date figures. Once the bookkeeping is up to date you can produce management accounts.

But, wouldn’t it be useful to run some quick calculations yourself each month to see how you are doing how your business is doing? The kind of figures your bank manager is likely to consider while reviewing your accounts to see if they are willing to lend.

Now there are lots of different kinds of ratios to run, but here are a few for you to monitor when you produce your management accounts monthly.

Break Even Point
Arguably the most important ratio of all.

This is how much you need to sell in order to cover your costs on a monthly basis.

If you know what your costs are, and this is relevant to a service and product based company, you can work out how much you need to sell and at what cost, in order to break even.

The text book answer is as follows:

“In economics & business, specifically cost accounting, the break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has “broken even”.

Not the most user friendly speak.

Essentially your break even point is when your gross profit = expenses

Gross Profit
This is calculated by knowing how much you sell your product/service for minus the direct cost of acquiring/making that product/ service.

Expenses
This is calculated by adding up your overhead costs, payroll, interest costs etc. They can be estimated fairly accurately, as quite a lot of costs are fixed – even the variable costs (utilities, wages, stationery etc) can be estimated quite tightly against historic levels.

If you are in a position where your gross profit is higher than your expenses, then excellent! If it is lower, then are there any ways in which you can reduce your expenses?

For a Break Even Point Calculator, click here.

Cash Flow
We are sure you know the phrase ‘Cash is King’, but it is true no matter what the economic cycle.

By looking at your debtor and creditor days, you can quickly work out if it is taking longer to collect money in and on average how long it takes you to pay people.

Debtors
By offering credit terms to customers, you are effectively lending them money, but at the end of the day that is how most businesses operate.

It is useful to know how long it takes to get the money in, as your suppliers, who provide you with credit terms, will also want paying.

To calculate the average length of time it takes for debtors to pay, simply perform the following calculation:

(Trade debtors ÷ Sales) x 365

If this figure starts to increase, then it is taking you longer to collect your debts in. Most modern accounting packages can be set up to issue reminders at specific intervals so your debt is at the forefront of your customers mind. The most effective tool is picking up the phone and talking to them however.

By improving your debtor collection, your bank balance can improve markedly – imagine how hard you can make that money work for your business!

Creditors
To calculate the average length of time it takes you to pay your creditors, simply perform the following calculation:

(Trade creditors ÷ Annual Purchases) x 365

If your figure for creditors is lower than your debtor figure, then you are paying money out faster than it is coming in!

If you are able to collect your money in faster, you may be in a position to pay your creditors quicker as well. Why would you want to do this? Well, some suppliers will give discounts for early settlement which will mean a greater gross profit margin for you.

Cash Flow Forecasting
Often considered a black art, cash flow forecasting is actually much easier than you might think and incredibly important. All large companies will have cash flow models running, not because they can, but the information that it provides them with is invaluable.

By spending the time forecasting your cash flow, you will be able to indentify months that are good, but more importantly if you have some tough months coming up so you can act now.

For a cash flow forecasting tool, please click here.

Other Ratios / Calculations
Once you start delving into the finer intricacies of your accounts, you can start to focus on specific areas where improvements can be made which should ultimately improve profitability.

The break even point and cash flow ratios are important so that you can see monthly trends and react quickly if matters need addressing.

There are plenty of other ratios that you can review too, some monthly, but others quarterly, half yearly or even yearly.

Solvency Based Ratios
A business is considered solvent if it can pay its debts as they become due. This means it can pay its suppliers by having enough working capital.

There are two equations, the latter being more important if you hold stock.

Current Ratio
This looks at the relationship between the current assets and current liabilities, which are detailed on the balance sheet.

Current ratio = current assets ÷ current liabilities

(current assets include stock, debtors and cash current liabilities include trade creditors, bank overdraft, VAT, PAYE etc)

The figure should ideally be 1:1 or anything above (ie 1.1:1), anything below would insinuate that you would not be in a position to meet all your debts.

Quick Ratio
This is more suited to companies carrying stock, as it is assumed that you would not be able to sell all your stock immediately (there is another ratio to calculate how long your stock sits around!).

Quick ratio = (current assets – stock) ÷ current liabilities

In this scenario the ratio may look very different – could it be you are carrying too much stock?

Profitability
You can see from your profit and loss account as to whether you are making a profit or indeed a loss. Only by analysing those figures can you then think about improving the position.

Gross Profit Margin
A very common ratio which looks at the gross profit as a percentage of turnover:

Gross Profit % = (gross profit ÷ turnover) x 100

Try working things through if you managed to increase your gross profit by1% – it has a marked effect on your bottom line!

Net Profit Margin
Similar to the gross margin, this looks at the bottom line figure after all your expenses:

Net Profit % = (net profit ÷ turnover) x 100

Analysing this figure on a monthly basis means you can spot any trends. If your net profit ratio is declining but your gross profit ratio is static, your costs are increasing somewhere so you need to identify which and then react to get back on an even keel.

Lots and lots more
There are lots of different areas that you can look at, from analysing supplier relationships, return on assets, borrowing, stock turnover……every number tells a story.

For more information on analysing your figures, contact Paul Smalley on 0844 826 0579 or email p_smalley@papermountainsolutions.co.uk.

Queries
If you have any queries relating to this newsletter, why not call Paul Smalley for an informal chat on 0844 826 0579.

Paul used to be a credit insurance underwriter for a Lloyds Underwriting Agency, analysing the financial data from companies across all industry sectors and deciding whether to issue credit against them.

If you would like to receive future newsletters providing informative content like this, please email pmsenquiries@papermountainsolutions.co.uk with the title ‘Subscribe’.

NOVEMBER 19

REFLECTION FOR TODAY

I look at myself as a person and say, “This is what I am right now.” I judge myself and create an attitude, usually negative, about myself. And it is that attitude which I have toward myself that determines how other people feel about me or how they will react to me. The program is teaching me to think about my assets rather than my liabilities. It is necessary for me to spend some quiet time daily trying to gain a more positive perspective on my life.

MEDITATION FOR TODAY

May I develop a more positive attitude about myself. Help me to stop putting myself down, which will allow me to respect me.

TODAY I WILL REMEMBER

Accentuate my positives.

FROM:  TODAY BOOK, (http://www.emotionsanonymous.org)

© Copyright 1987 Emotions Anonymous, used with permission of the EA International Service Center

This years 21st Annual Six Gap Century, a cycling tournament, brought out 2,500 cyclists. Daniel Carnis of team Iron Data presented by Apto Solutions finished 2nd in the competition. Check out the Dahlonega Nugget for the article.

This editorial from South Carolina’s  News & Observer advocates an idea that isn’t new but is still radical: that financial incentives to recruit businesses aren’t worth it.  The author, Dr. Jesse L. White, Jr., writes:

The headlines on two consecutive days said it all: Dell Computer closing shop and laying off over 900 workers and Cree Inc. adding almost 600 jobs. The difference: Dell – headquartered in Texas – was lured to North Carolina with the promise of over $300 million in incentives, while Cree – a homegrown business spun out of N.C. State University technology – requested no state incentives (although in fairness Cree did get an incentive a few years back to build an expansion plant).When are we going to halt public expenditures on the “buffalo hunt” for footloose industry and instead focus our resources and efforts on the sector that produces by far most of the jobs – existing industry and homegrown business?

One of the important  ideas that the author touches, which many discussions on this topic overlook, is the issue of the opportunity costs of incentives.  Economics 101 students learn that an opportunity cost is the value of the other choice that you could have made.  When my 11 year old’s money burns a hole in his pocket (happens a lot) and he buys a new game for his DSi, he is learning that the opportunity cost will become apparently very quickly — usually the next time he sees an ad for a new Lego set or finds out that all his friends are riding skateboards.

As White points out,

Imagine if the South in general and North Carolina in particular had put all of the money spent on industrial recruitment into education, training and small business support. We would be watching even more Quintiles, Cree, PPD, Southern Seasons, Performance Bicycle and other homegrown entrepreneurial success stories all across North Carolina. And, although there are no silver bullets in economic development, homegrown businesses are more likely to stay put, invest in the local community, provide stable civic leadership and keep the control and wealth local instead of away at some remote corporate headquarters.

Two of my principles of sustainable economic development are that one-shot solutions almost never work, and that one of the most important things that any economic developer can do is to grow local businesses - for all the reasons that Dr. White identified.

Imagine, if we invested in growing what sprouts in our communities instead of exhausting our resources trying to transplant one exotic species, how much more growth would we enjoy?

http://www.newsobserver.com/opinion/columnists_blogs/other_views/story/184804.html

he best beauty assets of every women that definesand enhances her features are her breasts.Let’s havea look at the best assets in the showbiz.

Glamour model Carmen Electra is surely amazing and electrifying with her hot and sizzling assets. She gets a high position in the list of best assets

BSET ASSETS

American pop singer and actress Jessica Simpson desrves a place on the list for the best breasts in Hollywood.

BEST ASSETS

American model Tyra Banks has those perfect curves and assets to ever grace the Hollywood. The Victoris’s secret angel is known for her perfect body.

BEST ASSETS

PLEASE RATE THIS POST

PLEASE RATE THIS POST

PLEASE RATE THIS POST

We were too much worried about Sudhir. In history, there is not a single case of a schizophrenic who has recoverd from his illness and been rehabilitated. How can he be an excepton?
This was like a wound.Some slight touch and it hurts.
I never tried to hide this fact. All people in our cirle knew about it. I did not have the guts to ask for girl for my son. All are afraid of a mad man, though we are all mad to some extent.
There are millions of people seeking His intervention,to help them against their fate. Can we expect Him to favour us  against our enemy?
I decided to do shayanapradakshinam, of our Shiva, of CS puram village, where the temple compound is full of shrubs, to be cleaned once in a while, during festival. I did  not mind it.
In the morning I had a dip in the river and went to the temple, in the wet condition with the bath towel arond my waiste. I made only one round. The pebbles and thorny weeds hurt me, but it was all right. When Murugan, the poojary saw me, he just smiled.
I felt happy, as if He had actully seen me rolling in the ground, and felt pity for us helpless old father and mother.
I was ready to spend the rest of my life in the village, as a sincere devotee.

 An old, pot bellied Krishna Iyer there, gave me a volume of Bhagavatam, with translation in simple Malayalam prose, in addition to the Samskritam text, which I was not very eager to read. Having nothing else to read, I began reading it and then found it very absorbing. The whole narration is in flash back. The motive is disenchantment with life.
There was no news of Krishna, who had gone back to Dwaraka, after the end of the horrible war.
Arjuna was sent to enquire about their savior, without whom, they would have lost the war. After six months, he returned, but could not face his brother.
Why, what happened?- enquired the elder brother.
Tears rolled down Arjuna’s cheeks. With much difficulty, he began;
When I was coming back, ordinary ruffians attacked me. I was helpless. When I tried to use my Gandeev (the famous bow) I was unable to lift it.

Dharmajan knew that Krishna was dead. 
This simple story contains the essence of the book. We are like earthen toys.
Or like a kite, soaring higher and higher, when the wind is favouurable. In a moment, we come down like a stone !
 Unable to understand this eternal truth, we go on wasting our energy in senseless quarrels.
I resigned to my fate. I closed my intellectual box and concentrated on bhakti marga.
Earlier, I had vainly tried to get some job, like that of the manager of a temple. The temple had plenty of assets, including rent of land etc. which they did not want to entrust to an audit man, who will definitely go into all the details, causing inconvenience to some of the committee members!
I even thought of becoming poojary of Ayyapa temple at Haridwar!

I review many self implemented Offers in Compromise to the SBA, Banks and other creditors, and I am frequently amazed at what I see.

Friends, are you not paying attention? You are in default. You are being foreclosed on or collected against, at the very least. You are facing liquidation and possibly foreclosure. That is the fact pattern.

Yet despite the clear intent of the bank to clean you out for its own benefit, many of you present yourself ripe for slaughter without lifting a pencil or an eraser in advance to prevent important assets from being liquidated and without improving your position or making certain total calamity and destruction does not occur.

We are not sheep being led to slaughter. Do not act as if this were the case. We have a deep responsibility to ourselves, our employees, our families and our need to survive to fight another day.

Allow me to humbly suggest that despite the documentation and the preferred position the bank takes all for them nothing for you, they too must play a role in your downturn as they too were part of the problem and have provided no solutions. Yes you owe the money, yes you failed to pay it back as agreed, but this is not a moral issue, both sides of the deal were fairly represented and took risk. Both sides must absorb a fair amount of the cost and loss.

You have the same obligation as the bank but the reverse side. The bank intends to get as much as they can from you. You must protect as much as you can from the banks liquidators.

This is fair. This is just. This is the right thing to do.

For example, do you leave the remaining $8,000.00 in your savings account to wait for the bank to ask you to hand it over? Or do you pay your mortgage and your property taxes as well as your insurance bill and your utilities maybe early maybe for an extra month as you know you will be out of income shortly. Is this cheating? No it’s preparation and self protection.

It is also presenting yourself in the best light possible for your own survival.

Is it appropriate to leave your child’s education account which you are a co-signor on, to be given up to the bank because your name is on the account? No take your name off it, this account has nothing to do with your debt to the bank and should not be subject to liquidation because you did not realize the issues at hand.

Should you leave the cash value of your insurance policy alone, ripe for plucking by the bank? Should you withdraw it in advance and better you’re going forward position as that is in your family’s best interest?

Here is the point. Believe me when the bank says they are in collection mode, they mean everything they can get, they will get. My advice is that within the rules, no fraud, but with reasonable business and personal activity, you have a right to protect yourself and to present yourself in the light most beneficial to you, not the bank.

Let’s get real, the bank is not your friend in foreclosure, it is not your job to give them the shirt off your back, which they would have you do. Protect the shirt at least. There are many ways to protect you. Doing it yourself without the skill and experience is not the way to go.

Call if you need help. Norm will arrange a no obligation teleconference for us to examine your options.

Call 413-584-2581.

As we wise and wonderful women develop and share ideas with like minded girls around the globe our common threads are often our oldest friends we cherish . Please share with us your ideas and help to share from all our girlfriends we have yet to meet we can learn what is hip and cool . In sharing our experiences and wisdom we can learn what makes us girls tick . I hope you like my blog . Enjoy!

As we wise and wonderful women share heartwarming stories about our most valuable assets our common threads are often our family . Please share with us your advice and wisdom to share from all our sisters we can learn what is wise . In sharing memories of our lives we can learn to love each other just a little bit more . I hope you home space for us girls . Enjoy!

As we caring and compassionate women find empathy in our kindred spirits out there our common threads are often our oldest friends we cherish . Please share with us your advice and wisdom to share from all our sisters we can learn what is wise . In sharing our experiences and wisdom we can learn to love each other just a little bit more . I hope you place for us . Enjoy!

You own the collateral, assets that are valuable as they make you money and are the heart of your business. It may be collateral for your loan, but it remains yours. Therefore you must exercise complete control over them for as long as possible. Of course. So only you can sell an asset, or all your assets, or your entire business as a going concern…NOT the bank.

This is an important fact. The only way the bank can take over control of your assets, hold title, and thus be able to dispose of them as they choose, is either with your permission or through foreclosure, a process controlled by each state differently. Thus any request or demand that you do anything with your assets, such as sell them, is a breach of their fiduciary duty to you the borrower and should not be tolerated or adhered to in anyway, unless the borrower believe it is in his/her own best interest.

The bank has little opportunity to market or even list property for sale but always opts for the liquidation auction as it is deemed an adequate effort to satisfy their fiduciary duty, even if it brings in the lowest possible price, with the most expense. Its as quick as possible, final and is defensible.

Banks do not want to foreclose and take possession of assets. Understanding this is a negotiation advantage. You control the assets until they foreclose.

As we wise and wonderful women develop and share ideas with like minded girls around the globe our common threads are often our oldest friends we cherish . Please share with us your “Words of Wisdom” or insights to share from all members of the feminine kind we can learn traditions that are meaningful to us . In sharing memories of our lives we can learn what makes us girls tick . I hope you home space for us girls . Enjoy!