December 31, 2008

10 Things To Consider When Choosing a Work At Home Opportunity

working at home
Image by atconc via Flickr

With a New Year comes reflection ,soul searching and then the desire to BE or DO…something.  That something can mean anything from finding a new job to creating  a new way of life that includes more time for yourself or to spend with your family. Whatever that something is, it often finds you on the internet searching for work at home opportunities.  Given that a work at home opportunity can be anything from Virtual Assistant to Home Based Business Entrepreneur, here are

10 Things To Consider When Choosing a Work At Home Opportunity

  1. Do want to supplement your current income or are you looking for financial freedom?  This question could be reworded as “are you looking for a quick fix to a financial shortfall or is your goal a significant increase in your income over the long term? “  It is the first and most important question to ask yourself. If you want to supplement your income for a little while then a second job  would be a good option, but will that scratch your itch long term? Consider where you were a year ago and where you want to be a year from now. If you were looking for extra income a year ago then you will probably still be looking a year from now, because your finances are probably even more messy than you care to admit. In a case like this you want to think long term financial freedom.
  2. How much income are you looking to generate? Is $10 an hour enough for you  or do you need an extra $2000.00 a month? You can find hourly jobs and short-term  gigs on craigslist, elance.com, and wahm.com for starters. To create a consistent livable/sustainable income from home may require a business opportunity as opposed to a job. (Coming soon “Use Your Passion to Get Into Profit Mode” with tips on earning money by doing something you like to do, as opposed to doing something that you have to do).
  3. How much time are you willing to invest in a work at home opportunity? Meaning, how many hours a day do you actually have for this? Do you want something do a couple of hours on the weekend and in the evening or do you need  9-5 telecommute job kind of thing ?  Do you want the ability to set your own hours and go at your own speed or do you require scheduled hours that provide structure and discipline? You should know and understand the differences before you start  filling applications out across the web.
  4. Are you looking to spend more quality time with your family or to be home with your kids? Many work at home opportunities do not have room for children in them. A home based business is something that you can do with barking dogs, meowing cats, and crying babies. When you talk to people on the phone they hear all that and realize that maybe you are not calling them from a call center in India or Yugoslavia or (worst yet) Arizona. There are customer service and telemarketing  jobs that you can do from home but some restrictions apply. You will need a hardwired telephone line (not Magic Jack or VOIP), an office where you can work quietly (no doorbells, no kids, no pets), and the ability to commit to scheduled hours which usually include the weekend. If your kids are not in school and you don’t have an au pair, these are not for you. But again check out some of the sites I listed above for jobs that are not so strict.
  5. How much do you have to invest in a work at home opportunity? Some jobs require that you pay certain fees for a background check for example. Most business opportunities also require an up front fee as well as a monthly fee  or an auto ship (requires you to receive x amount of products per month). Affiliates are often free to get started, but may have some costs down the line.
  6. How long are you willing to work ? If you just want to make an extra $500 for 6 months and call it quits then you are looking at a short term gig, whereas a $200,000 per year income  may take you anywhere from 2 to 5 years to generate (and I can’t promise you that it can be done with a job).
  7. Do you understand the 40 year versus the 4 year retirement plan? That’s where you work for a company for 40 years and then retire with a pension that is so small you have to supplement your income with the 401K that you (hopefully) contributed to while you were working or … you end up as a greeter at Walmart. The 4 year plan is where you start your own business and work really  hard for 4 years to create a $100K+ residual income that allows you and your spouse to retire before your kids get to junior high school. This is based on the premise that if you are going to work hard anyway, why not be the main beneficiary of your hard work? Before you jump into a business read this.
  8. Do you know the difference between a home based business and a work at home job? A business opportunity requires self discipline, the ability to dream big,  and a strong desire to succeed. There may be some costs associated with it, and there is a learning curve. but if you can stick it out you will earn a steady income from it in two to four years. A job on the other hand provides an income immediately, sets a schedule for you, and doesn’t require any more self-motivation than you currently have. A job is viewed by many as the safer, less scammy option but…given that over 500,000 people applied for unemployment in December alone, jobs are not as safe as they look and  you will have a lot of competition.
  9. Do you want  to make a lot of money quickly? Then I suggest you sell something on Ebay ( your first born or your house maybe) or rob a bank. Neither a job nor a business is going to get you rich quick, everything requires ramping up and then building.
  10. How big is your biggest dream?  How you answer this question will determine the direction you take.

What do you want to BE or DO in 2009 ? Tell me what I missed in my list of 10 Things To Consider When Choosing a Work At Home Opportunity.

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December 30, 2008

The Benefits of Working with a Real Estate Mentor Before Investing

home_image_altWorking with a real estate mentor can benefit you in many ways. For starters, you will get a clear picture of where you are now in your real estate business, as well as where you want to go and why. You will also get a clear idea of what you need to do in order to make it happen. A mentor can help you understand the basics of real estate investing strategy and develop the approach to real estate investing that suits you best and will generate the most profit for you. The key to real estate investing is to understand what areas to invest in. For example, if you want to make money on rental properties, you need to know what features to look for. Many beginning real estate investors fail because they don’t understand the basics. Mentoring can solve that.

One of the things a real estate mentor can do is help you figure out exactly what you need to understand, what skills you need to acquire, and how to apply what you learn from your real estate mentor. All of this will help you develop self-confidence and self-trust and thereby enable you to do whatever is necessary in order for you to succeed. After working with a mentor, you will have more control over the speed and direction of your growth, your business will be stronger, and you will be stronger. It is a great way to take your business to the next level. .

A good real estate mentor not only gives you advice on what to do, they can give you advice on how to manage your time effectively in order to get it all done. If you manage your time properly, you can achieve more than you ever thought you could. Your mentor can also help you create a business plan, projecting anywhere from one to five or more years into the future, so that you can plan for success. .

A mentor can guide your business practice in subtle and not so subtle ways. If you have a good mentor, they will give you realistic suggestions to help you, not suggestions that are unfeasible given your situation. The suggestions must be within your means to actually carry out. The suggestions they give must also have an impact on your bottom line within a reasonable amount of time. These suggestions must also be within the range of your technical expertise to actually carry out. If these criteria are not met, perhaps your real estate mentor gives basically the same advice to everyone without considering their unique situation. .

Chances are, you could learn the ropes of real estate investment yourself, without a real estate mentor. However, a real estate mentor can help you avoid the kind of mistakes that will needlessly cost you both time and money on your way to success. It is far less painful to learn from other people’s mistakes, where possible, than to learn by making your own mistakes.

Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management company. Peter currently works with clients all over the US .

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December 27, 2008

Why Are You Still Looking For Medical And Dental Insurance?

While I recover from Christmas, I thought I  would re-post this article on the high (and hidden) cost of health care. Until December 31st you can take our discount plan for a spin for only $20! Or you can try our prescription card for free.
banner_benefitbuttonI understand that you want some level of security for your family and believe that a standard insurance plan is the only way to achieve that. I am a mother to 3 and grandmother to 3, and I know how important it is to be covered. But let’s face it, the insurance companies have pulled the wool over our eyes big time.

I calculate that in my working life I have spent anywhere from $3000 to $9000 per year on medical and dental insurance. This does not include my co-pays, which is what you pay out of pocket when you go to the doctor or dentist; as well as the amount you pay for covered prescriptions. Additionally, eye exams and prescription glasses for myself and my son are not fully covered, so that’s a yearly out of pocket of anywhere from $200 to $600 depending on whether or not we indulged in some high end designer glasses.

Not all plans cover every drug so I have at times been surprised at the pharmacy with an unexpected bill for a prescription written by my doctor. Not all procedures are covered either. My gynecologist recommended an outpatient surgical procedure the cost of which put me in debt collection  because my insurance company would not cover it!  The birth of my 3rd child was a C-Section, and although I had both primary and secondary insurance I still ended up with a $3000 bill for anesthesia because the insurance companies only covered 50% of the total cost.

I have a business partner who had a plan through her company that cost $160.00 every two weeks. Her dental plan required a co-pay of $25 and had a deductible of $500. That means that she needed to pay $500.00 out of pocket every year before her insurance company would pay for anything. On top of that there was a limit on what the insurance company would pay for dental procedures. She did not discover all of this until her bridge and partial needed to be replaced and the insurance company said “No” after the work was partially done.

So an individual can pay anywhere from $1000 to $10,000 per year in insurance premiums and still have to come out of pocket when major events occur?

I challenge you to look back over the course of your working life and determine how much you have paid into your insurance versus how much you have gotten out of it. If you discover that you have paid in more than you’ve gotten back, then I have to ask again “Why are you still looking for medical and dental insurance?”

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December 24, 2008

And This Christmas Will Be – Made Possible By My Home-Based Business

Presents under the tree, courtesy of my residual income check

Presents under the tree, courtesy of my residual income check

Late this year the US government finally admitted that there might be a recession going on, but some of us have known it for a long time.  I started this year with three streams of income  – a consulting position that led me to Russia back in January and provided a steady income through May; a customer service job that took up a lot of my time but paid weekly; and my home based business which I worked sparingly because the other two left me drained.

The consulting position began to fade away in April, and had disappeared altogether by late May, thousands of dollars in income just gone bye bye. But that was OK, because I still had the customer service job, I was working for an online Real Estate service providing instruction and a helping hand to their clients. Unfortunately, it was Real Estate and we know what happened to that market – the weekend before the 4th of July I got a call saying that my last check was in the mail, and they were really sorry and blah blah blah.

That left me with my home based business which I threw myself into working for a while, until I lucked into another consulting position which offered a great salary,long term income, and financial stability for me and the fam.  I was very busy working long hours, traveling quite a bit and again unable to work my home-based business because I could not be as available to my down line as I like to be. Well, as we all know shift happens and it happened to me again.  Another one bit the dust due to the gloomy economic outlook and the reluctance of many of our clients to invest in “frivolous” upgrades to their existing systems.

And that left only one leg of my three-legged stool /streams of income. Fortunately for me, the sporadic bursts of involvement in my business had produced three promotions within 8 months which meant a strong  and deep downline. The residual check that I receive from my business pays bills, buys groceries, allows me to donate to charities. In this season of  giving I worried that there would be no Christmas dinner and no presents under the tree (due to some other issues that I will discuss in another post, as well as the fact that recruiting is so difficult in December). While I searched for a job and worked on upgrading my skills, I also set a dollar amount of what I wanted my business to produce so that I could purchase a present or two. My  home based business came through for me again and… well every picture tells a story don’t it, so just check out the picture. If working my business in a part-time way can provide this much financial freedom , what could persistence and consistency bring us next year?

Tell me are you better off than you were a year ago? How many streams of income do you have going? Are you actually working your business or are you waiting for it to produce “income while you sleep”?

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December 18, 2008

Five Reasons To Add Blog Advertising To your Marketing Mix

payingpost

In the past when we thought of advertising online or marketing a business we would usually consider pay per click or some other mode of advertising that required a hefty marketing budget. The past few years has seen growth in a new medium “blogs”. The Beijing Olympics and the Presidential Election really proved the power and influence of the blogosphere as a global information source.

With this extensive growth in the sheer numbers of people blogging and consuming blog content comes a challenge – how to utilize this medium to bring the masses to your site to view your content, services, or products. That’s where  Paying Post comes in. Paying Post is a blog advertising service that brings bloggers and advertisers together to create a win-win situation.

What’s really great about blog advertising is:

  1. Your “advertisement”  is a post written by a blogger who already has an audience.
  2. It’s actually difficult to tell a real post from an advertising post because of the way the content is presented, so blog advertising is actually quite subtle.
  3. You can put your new or existing product in front of millions of people daily for less than a monthly newspaper ad in a major city like Los Angeles would cost you.
  4. Blog advertising provides access to a global audience; imagine trying to market a new product to the entire world on a start-up’s  budget – almost impossible and would take years.
  5. You still have control over your advertising “content” and are able to increase your business in weeks or months rather than  years simply because your advertising reach is greater and your advertising medium (the blogger) already has a trust relationship with your target market.

Whether you are looking to monetize your blog or stretch your advertising budget and market reach, Paying Post provides an easy to use system that is blogger and advertiser friendly. They recently changed their layout to make finding information easier and it’s also kinda pretty, the whole blue skies /green earth thing.

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December 17, 2008

Why Do I Use Entrecard?

courtesy of Entrecard

courtesy of Entrecard

I confess, I am a bit of a dropaholic. The only thing that keeps me from dropping more than I do is the fact that I love to read other people’s blogs, it’s like eavesdropping on someone else’s life if you know what I mean.

I’ve met (OK not met, but read, which in some cases is better than meeting since I don’t have to hold up my end of the conversation) people like Angelika, and Jenn who as you know cooks, and there’s that site with the Greek recipes (I love Greek food, went to school with Greecers from Washington Heights who used to bring me spanokopita and moussaka from home).

And there are all the sites that I am picking up SEO and marketing type tips from like Ad Master. And of course the Mommy sites (I am a Mom too remember). One day I’ll have time to read and leave comments, still working on my blogging skillz you know.

So for me Entrecard is like a whirlwind tour around the world – it takes you places that you probably wouldn’t have gone otherwise  and gives you a different perspective from the ones on MSNBC or Fox News.

I would like to give some link love to my Top Droppers . Thank you ladies and gents, do come again!

LOL Celebs!

SheenOnline

Makroekonomi STPM

Time Recursion

Corfu Holiday Accommodation

NEWSVIDS

Authentic Greek Recipes

Angelika

Blogger

My Signs of Life

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December 14, 2008

Daddy, what is Racism?

Since we voted a Black man (or African-American male) into the office of President of The United states, I have been hearing some rumors that this means racism is officially dead.  I am therefore writing this article for posterity and to answer the question that future generations will inevitably pose “Daddy, what’s racism?”

Merriam- Webster defines racism as “a belief that race is the primary determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race“.  This definition just doesn’t slice and dice and explain the feelings and situations that racism can produce.  So, I am going to dig into my bag of memories and try to create some word pictures for you. My experiences, like the Revolution, was neither televised nor photographed for future generations, so you’re just going to have to trust me when I say it happened just the way I am going to write it.

American Workers Bring Segregation to The Third World

My earliest experience with this thing called racism is based on events and situations that I was too young to understand. Which is to say, I did not know that my race had anything to do with the way we were made to live. When I was 5 years old , my parents moved to a place called Kwakwani on the upper Berbice River in Guyana, South America. My parents were both nurses and they went there to work at the hospital. Kwakwani was/is a bauxite mining town, bauxite is an aluminum ore and this is why the folks from the Reynolds company set up shop in Kwakwani.

I lived a happy existence and never questioned why the white people lived on the “hill” and we did not; nor did I think it odd that on Thursdays we could not patronize any shops- because after all it was their shopping day; but I certainly did care that when fruit fell onto the ground from the trees on the “hill” we couldn’t pick it up or we (and that includes adults) would be severely punished. Absolutely ridiculous, I know, but racism doesn’t have much to do with common sense.

The Lords of Flatbush Wasn’t Just a Movie

The Lords of Flatbush
Image via Wikipedia

The year that I  turned 9, we moved to Flatbush in Brooklyn, NY. At the time Flatbush was a  Jewish neghborhood and I was into the Jackson 5, the Osmond Brothers, and David Cassidy because my friends were a rainbow and I didn’t know any better:)  There were five kids and 5 adults in a two-bedroom apartment ( back then New York  apartments were quite roomy) and eventually my Mom bought a three story brownstone in East Flatbush .

East Flatbush was populated mostly by 2nd ,3rd and 4th generation European immigrants (Italians,Irish,German, etc.) and they were not happy to see the third black family on the block.  Maureen and Patrick (the kids next door) were our age and would come over to the house and play with us. One day the   older (early 20s maybe?) guys and gals were hanging out across the street and as Maureen came around the corner with us one of them (mightha been Theresa Spinelli trying to impress the older boys) said “Maureen, you hanging out with the jigaboos?” Maureen began to spend more time on that side of the street than on our side, guess that until that moment she had failed to notice that we were “different”.

My sister and I  had two really good friends the summer that I was 14, Diane was Italian and Kathy was blonde, maybe Irish. We used to hang out on Diane’s stoop all day and sneak cigarettes in her back yard. But when Big Rocco and Little Rocco came around  we would hide in her basement, shaking with fear, until they had passed by. The Roccos were  the neighborhood badasses and did not care for niggers or nigger lovers (sorry, but that’s how they saw us and that’s what they called us). That kind of intense pressure is just not good for kids and their friendships, lemme tell you.

Sometimes the young males from the neighborhood would band together and march down all the streets where blacks lived singing “We hate living in a nigger neighborhood” to the tune of the Beatles “Yellow Submarine”.  Within 4 years the most rabid had all moved to Bensonhurst or out to Long Island. Maureen again felt comfortable being our friend ; besides, her family was poor and lived above the corner store (where her brothers would cut a hole in the roof to steal from John the owner and their landlord) and they couldn’t really afford to move. The whites who stayed assimilated with the blacks that came, some of the boys ended up marrying black girls etc.

But We Are Just Kids Too!

We attended the Church of the Evangel right on the edge of Crown Heights and one Friday night the Youth Group decided to go play basketball. One of the boys, Hugh, lived on the “good” side of town off of Ocean Parkway, so we went to a park near there. When we got to the park there were some kids playing baseball, and we just went to the basketball  court and the boys played hoops while the girls made fun of them (or whatever teenage girls do). After a while we noticed that the baseball playing  kids were gone, but we just figured it was dinner time.

I believe that it was the roar and the revving engines that brought our attention to the fact that the entire neighborhood had come out to the park, with bats, chains, bikes, motorcycles, cars and other WMDs. The leader of the pack said to us “If youse touch a hair on these kids heads” and maybe she said some more stuff that I don’t remember. All I  know is that one of my wisecracking compadres saw fit to drop one of his wisecracks at that point and it didn’t go over well; they were on us like (pardon the pun) white on rice.  Fear can turn a tortoise into a hare, I honestly don’t know how we got out of it in one piece. We scattered to the four winds and just ran like the devil was on our heels, we had to dodge the bikes, the cars, the chains. At some point we realized that we were running and they had stopped chasing, I guess there was some boundary that we had crossed and they needed to push us back across it.

My sister attended elementary school in Bensonhurst and every day was like this for her, the neighborhood kids would chase them to the bus stop (just like on “Everybody Hates Chris” but without the laugh track and happy endings). It was all about superiority and fear, I wonder what those kids are doing with their lives now? Time and circumstance changes people and things, if you were a participant in similar activities, please leave a comment.

There are so many more stories to tell, but then this would be a book and not a blog post. I hope that you save it somewhere, and are able to use it when/if your kids ask you the racism question.

Update: Just read this article via a tweet from @AroundHarlem. Sorry to see that racism, sexism, and homophobia isn’t dead after all.

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December 12, 2008

Lower Your Tax Tebt or Increase Your Tax Refund Via a Home Based Business

One of the top reasons why you should get into network marketing now (today even) is to be able to have additional deductions when tax time rolls around. Whether you still have a job or you are one of the millions who have lost their job this year and are living off a severance package or unemployment, this is the time to invest in a home business. You can save money at tax time just because of the major tax benefits that are provided to home based business owners.

Frankly, if you have been thinking about going back to work to help your spouse out with the bills or taking a second job to supplement your income then you need to know that you would be foolish not to consider a home based business instead – not just for the tax break that it would provide, but the increased quality of life for you and your family.

As long as you maintain good documents (receipts, mileage log, maintenance log) about your business activities, as a home based business owner you can deduct:

  • your house (including home improvements)
  • your spouse and children (hire them to help with your business)
  • your car (put a magnet on it advertising your business and every time you drive it you are officially doing business with it)
  • your vacations (drop some business cards at Disney World, talk to prospects on the road)
  • meals with colleagues (even if the colleagues live n your house!)
  • business losses
  • your electric, gas, phone, cell phone, and internet bills
  • any computer equipment used to conduct business including printers, routers, laptops etc.
  • pens, pencils, paper, business cards, postcards
  • any costs of doing business such as start up fees and monthly fees paid to your network marketing company

This could add up to thousands of dollars in tax savings and refunds!

Of course you should research the laws in your state to verify that I am telling the truth here. For more tax saving tips and how-to’s pick up a copy of Sandy Botkin’s “Lower Your Taxes Big Time!”, it will be money well spent.

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December 9, 2008

5 Reasons to Recession Proof Your Income With a Home Based Business

As we descend deeper into this dip in our economy, we find our portfolios shrinking, our paychecks dwindling, unemployment rising, and disposable income disappearing. Due to job losses many two-paycheck families are down to one paycheck and maybe an unemployment or part-time job check. As we head into the holidays our children are affected by our lackluster approach to the holidays, and our fears of what the New year will bring.

There is a way to approach the season with anticipation rather than hesitation. Here are my five tips to recession proof your income this year:

  1. You can Lower Your Tax Debt Or Increase Your Refund – By owning your own home business you are eligible for tax breaks and incentives not available to an employee.
  2. You Can Help Yourself By Helping Others – As a home based business owner you are in a position to offer those hardest hit by the recession something that they need – a hand up as opposed to a handout. A Home Based business requires only a small investment and with a little hard work can be profitable almost immediately, so someone who is out of work but has a small severance package or an unemployment check, can invest in a home based business and start generating an income for their family!
  3. You Will Be Able To Create Residual Income – That’s income that grows over time based on work that you do only once. This is recession proof income that won’t be affected by the stock market, the world market, or the job market. It’s what you earn , as some in the business so eloquently state “before your feet hit the floor every morning”.
  4. You Can Determine What You Are Worth – instead of an employer telling you what they are willing to pay you, you can determine what you want to earn each month and how hard you are willing to work to make it.
  5. You Can Improve the Quality of Your Children’s Lives -Our children want more than great presents at Christmas, they want quality time with their parents! Why do we have them and then turn them over to day care centers, babysitters and the school system? A home based business allows you to be there for your children whether it’s breakfast before school, chaperoning school trips, helping with homework, or coaching their little league team. You can shape your kids lives through active participation in their lives.

If you are employed but don’t feel “safe” or are under paid and considering a second job, a home based business is a better Plan B. Why? Because a second job means more time spent working and less time spent living. It means more income to be taxed by the IRS without the numerous deductions provided by a home based business. It also means less family time and more time away from the place that you are trying to take care of – HOME

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December 7, 2008

Dear Mr Obama, How Long Before My Bailout Check Arrives?

Dear Mr President-Elect Obama,

I’ve been reading about all this “bailout” money that has been or will be given to some of the companies that find themselves in trouble because of … wait, why are they in trouble? Was there a fork in the road and everyone decided to go left and not right? Oh crap, which way did Bill Gates and Steve Jobs go? Will they need a bailout too? Is that going to impact my bailout amount?

Anyway, back to the other guys, why are they in so much trouble? I mean I know why I am in a little bit of trouble, but heck I’ve never made anything that ran over 5 figures and these guys were earning millions to make the right decisions, so what the heck were they doing up in those ivory towers and on their private Lear jets? Basking in the glow of power instead of being pro-active?

Lemme tell you something else while I have you on the line, a couple of months back I was having trouble with one of my properties and I approached my mortgage company and said “Look I really want to straighten this out but I can’t make these monthly payments, what can we do?” Well I guess I forgot to add a ‘wink, wink’ after that statement (like I see these guys doing in front of those congressional committees “I’ll work for a $1 since I’m already worth 50 billion ‘wink, wink’”) and the solution I was offered was to increase my payments by $300 over the next 4 or so months, which would get me caught up on the 2 payments that I was behind. So I was wondering if this is the kind of solution that these millionaires are coming up with across the board.; and could that be why they are all in trouble?

Well lemme not talk your ear off Mr President- Elect Sir, I’ll get to the point, I need to make sure that I’m included in that bailout plan, I don’t require much and I just need to know when I can get in front of Congress to beg .. I mean ask, for my cut. My husband and I will do the automakers one better and ride our bicycles there (thru the snow), camp out near the Lincoln Memorial and fast the entire time just to show you how serious we are about saving money and growing our business.

Thank You Mr President-Elect Obama Sir.
Country First & I Hope to hear from you soon.

Denise

P.S. Does my bailout include the IRS forgiving my past transgressions? Not a deal breaker, just wondering.