The credit crunch has been on of the main motivators for the www.TightMoneyMillionaire.com program. Being willing to tackle programs head on is a major reason those who have had the prescience to join have had so much success.
Recently, a retired teacher was able to purchase a property after raising credit score over 50 points. While another very nervous and upset member got a 6-figure line-of-credit within an hour of her first coaching call.
Solving problems is what entrepreneurs do.
So while credit is tightening, the dollar is falling, and the housing bubble bursting…guess what, when it comes to solving the big problems, your Great Uncle…Uncle Sam, has decided you yourself are worth less.
The "value of a statistical life" is $6.9 million in today’s dollars, the Environmental Protection Agency reckoned in May _ a drop of nearly $1 million from just five years ago. Bear in mind, the EPA still values you higher than the Department of Transportation.
Now, what does this have to do with solving problems?
Well, the value of your statistical life is used in a "Cost Benefit" analysis to determine if we should do something about problems, problems that may lead to death.
Basically, lowering your value by $1,000,000 means fewer problems will be address now.
There is however, a "Credit Millionaire" message to all this.
According to the US Government, you are a multi-millionaire.
We’ve often pointed out that since you likely wouldn’t trade your hearing for $1M or give up your citizenship for $1M, then you’re already a multi-millionaire.
Now you have a government statistic to prove it.
I wonder if we can put $6.9-million on our balance sheets. And for that matter, add $1.5-million per employee to your business balance sheet. (2000 hours worked a year / 8760 hours in a year times $6.9-million).
I think as a credit millionaire, I’d try it. After all, businesses all say, including lenders, their employees are their biggest asset.
If you would like to make a comment, please fill out the form below.
