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Generating Leads to a New Economic Reality
By Myer Thompson Published: 12/02/2009
Want to know something funny? The same credit bubble that is tanking this great nation, is the same credit you've got to protect in order to get anything. Sure, the day may soon come when credit means nothing and the only form of currency will be bartering, but until that fateful day, you've got to care for your credit.
No doubt about it, the credit cards were a bad idea. A really bad idea. But, now you've got to start generating leads and get cracking. You have to find out what your dismal credit score is, scour your report, and try to get any loose ends tied up fast. That new car, new home, or line of credit at your local Sears all revolve around that imaginary credit score.
The end of days, figuratively, are on their way. Not in some Biblical kind of way, but in that standing in bread lines kind of way. You only have to open a window and see which way the wind is blowing. Thanks to some dubious finagling, our economy is, well...doomed. Cue the music and drop the curtains.
Don't jump off the deep end. Before you run for the bomb shelter, take a deep breath and take comfort in the probability that the Great American Implosion will -- in all likelihood -- be a slow, meandering one. It won't be a nuclear explosion of capital. No, it'll be a roundabout loss of breath -- kind of like dying of emphysema.
The best thing to do is get out of debt as quickly as you can, nurture your credit back to life, and avoid spending. Saving and paying off your debts will be paramount. Don't give in to the 75% off sales that will inevitably take place as department stores and merchants get more and more desperate to reduce their overhead. Stay the course, stay in the black, and build towards a more sustainable future.