Posted by: Dexter and Pamela Montgomery | January 14, 2013

What’s Your Plan B?

Dexter and Pamela Montgomery receive award for "The Book on Investing" at the Ultimate Author Bootcamp in Toronto, Canada.

Dexter and Pamela Montgomery receive award for “The Book on Investing” at the Ultimate Author Bootcamp in Toronto, Canada.

Like my parents always told me, and like I tell my son, and

everyone else I talk to, don’t be caught in life without a Plan B.

What is your Plan B?

A Plan B can be defined as a blueprint that will give you options

or alternatives when your original plan is not working. The object

of having a Plan B is to have something to fall back on in case the

first thing you try doesn’t succeed. As business owners and

investors, we always have an exit strategy when we negotiate a deal

or buy a piece of property. We also use this strategy in our

professional lives.

I recently read an article in The New York Times about five people

over 50 who took chances and reinvented their careers. The article

titled “Over 50, and Under No Illusions” http://www.nytimes.com/2013/01/13/business/how-5-older-workers-saw-a-chance-to-remake-their-careers.html?pagewanted=all) describes how these people who

were too young to retire and too old to start over changed their

lives by having a Plan B. You see, the world has changed. The

economy has changed. No more can you rely on a job to take care of

your needs, to support your family, and to see you through until

retirement. The old model of going to school, getting a job and

working for 40 years is a thing of the past for most of us. Our

system of Social Security is struggling to stay alive. Big

companies aren’t taking care of their employees anymore. There

aren’t any pensions. In addition, corporations are shipping jobs to

places where they can get cheap labor, pay no benefits, and

maximize their profits.

In addition, those of you who are fortunate enough to have decent

paying jobs with benefits, often find that you are squeezed between

taking care of your children who can’t find employment and perhaps

having to take care of your aging parents who are struggling to

make ends meet. So you see having a Plan B should not be an option

in today’s economy. It is a necessity!

This might sound like a lot of doom and gloom. But this could be a

good thing. Never at any other time in history has it been better

to become an investor or business owner. More millionaires have

been made during this recession then at any other time in history.

The power of the Internet has brought the power of entrepreneurship

down to the people. Goods and services are being sold 24/7 on a

global scale. Why aren’t more people seeing this opportunity and

doing this?

At the Book On Investing, www.thebookoninvesting.com we believe that people

should have a Plan B in order to survive in this economy. We

believe that your Plan B should consist of investing in real

estate, developing and buying businesses, etc. Let us work with you

on your Plan B and show you how we are helping our clients create

the life of their dreams by investing in a Plan B.

Join us as we explore Plan B options for you. Contact us at

dexter@thebookoninvesting.com.

Enter your email address to follow our blog to ensure you don’t

miss the latest information on investing and business.

Also for your free copy of our recent article on getting started as

a real estate investor click here: www.thebookoninvesting.com

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