03 · 15

A Picture Worth a Trillion $$$?

 

House Minority Leader  Lawrence F. Cafero Jr., R-Norwalk, pictured standing, far right, speaks while colleagues Rep. Barbara Lambert, D-Milford and Rep. Jack F. Hennessy, D-Bridgeport, play solitaire Monday night as the House convened to vote on a  new budget. (AP)


The guy sitting in the row in front of these two....he's on Facebook, and the guy behind Hennessy is checking out the baseball scores. 

These are the folks that couldn't get the budget out by Oct. 1, and are about to control your health care, cap and trade, and the list goes on and on….  

Should we buy them larger screen computers - or - a ticket home, permanently? 
  
This is one of their 3-DAY WORK WEEKS that we all pay for (salary is about $179,000 per year). 

 

02 · 02
New bill would give the President an Internet "Kill Switch". http://amplify.com/u/ao30d This is in response to what's happening in Egypt. Safety at the expense of censorship?
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01 · 27

Exciting News is just one step away! 

Please check your email in box for an email from yousawthisvideo and click on the link that will confirm that you would like this information.

01 · 27

01 · 25

3 Amazing 3D Graffiti Artists: Street Painting and Sidewalk Chalk Art | WebUrbanist

Take a moment and be amazed.

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01 · 24

What if Groupon was MLM and you got in early?

Upfront fees and obligatory monthly autoship costs make recruiting for your network marketing company an uphill battle. But a new company is using the proven business model of Groupon and LivingSocial and by adding a completely free network marketing and social networking aspect, strives to become the next "fastest growing company" in history.

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01 · 21

Google to Launch Groupon Competitor

Google offered $6 BILLION big ones to buy out Groupon. They said "No Thanks". Now Google launches Google Offers to go head to head with them. I wonder if anyone at Groupon is thinking "Damn... wish we took the $6 Billion".

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01 · 15

Numbers Show NFL's 'Economic Realities' for Lockout Unwarranted

Feb. 6 is a big day for football fans. That day will determine if there will be a season next year. NFL owners want to cut player salaries and benefits based on the financials of just one team - the Green Bay Packers. They made only $9 million last year... nearly $11 million less than the year before. But the NFL won't release the figures of any other team! Here's a great article that covers the monetary details.

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01 · 14

Court gives banks 'beat-down' over foreclosures

When the Massachusetts Supreme Court sided with homeowners in two foreclosure proceedings, it opened up a giant, ugly can of worms.

There have been many complaints over banks foreclosing on homeowners without being able to provide the proper paperwork that positively identifies the foreclosing bank as the holder of the underlying mortgage at the time of foreclosure. With the Massachusetts ruling, it could further delay hundreds of thousands of foreclosures that are waiting in the wings.

While this may seem like a positive development for homeowners, it has the unintended consequence of tying down the large gray cloud that has been hanging over the U.S. real estate market since 2007. Until a large portion of the distressed properties in this country go through foreclosure and subsequently purchased by new (paying) homeowners, the values of the surrounding homes cannot find a ground floor. So, I'm afraid we haven't yet hit rock bottom and probably won't until this paperwork mess gets straightened out.

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08 · 23

This Is Why There Are No Jobs in America

By Porter Stansberry
Saturday, August 21, 2010

I'd like to make you a business offer.

Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment…

Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in – as long as it's legal.

But I can't give you any capital – you have to come up with that on your own. I won't give you any labor – that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair: to tell you what to do.

Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits.

You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about who you can employ, when, where, and how. Come on, you're my partner. It's only "fair."

Now… after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out – to finally live the good life.

Whether or not this is "fair" – some people never can afford to retire – is a different argument. As your partner, I'm happy for you to sell whenever you'd like… because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

I know… I know… you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

Oh… and one more thing…

Even after you've sold the business and paid all of my fees… I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.

After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

All in all, if you're a very successful entrepreneur… if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public… you'll end up paying me more than 75% of your income over your life. Thanks so much.

I'm sure you'll think my offer is reasonable and happily partner with me… but it doesn't really matter how you feel about it because if you ever try to stiff me – or cheat me on any of my fees or rules – I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

That's how civil society is supposed to work, right? This is Amerika, isn't it?

That's the offer Amerika gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs…

Regards,

Porter Stansberry

Editor's note: To read more from Porter, sign up for his outstanding Investment Advisory. His latest issue – which covers the coming crisis brought on by the U.S. government – details exactly what he sees ahead and how to profit (and protect yourself). For details on how to gain immediate access to his report, click here.


What do you think? Is Porter right on here?  Please comment below.

 

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Ron Borg

Funny how things work out. Six years ago, my company, Mortgage One was humming along. It grew at such a rapid pace that originating my own loans came secondary to dealing with all the issues a growing company faces. Unfortunately, I did not do a great job staying in touch with my referral sources.

So here we are, six years later and Mortgage One is nearly identical in size to the company it was all the way back in 1998! Which basically meant that I had better get off my duff and start reconnecting with all those referral sources i used to service as an originator.

The bad news is that just a small percentage of all the mortgage programs of the mid 2000's are left. The good news is that nearly all of the unethical crooks that came into the mortgage business when it was buzzing are gone. New York went from over 4,000 brokers to only about 800 now. So while there is much less competition, what's left is definitely stronger.

I am using this blog to impart the knowledge I have been acquiring not just related to mortgages and real estate but to technology in general. hence the title, Cafe-Realtor. Because you should at this point be able to carry out your business dealings in the manner that you wish. that may be from within your car, from your home, office or even from the local Starbucks. Technology can get you there and I am dedicated to guiding you to what works and what may be a waste of your time.

Happy reading!

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