In The News Today: The Big Three Auto Makers Begging the Congress for a $25 Billion Government Bailout

You probably heard that General Motors, Ford Motors, and Chrysler, the 3 giant auto makers are asking congress to bail them out in the tune of $25 billion. What do you know, even big companies are struggling to get loans from banks. Why is that? Well as I've mentioned last week, the financing guidelines have changed in the last 18 months and have gotten even tighter in the last 90 days. We all know how these got started.

Now what are the ripple effects of these stringent financial guidelines? Millions of people have lost their homes to foreclosure, banks have gone bankrupt or have been merged with another bank, investors have lost millions of dollars of their investment portfolios, government bailouts; I could go on and on. That is in the real estate industry, so what's going to happen to the auto industry if they don't get the funding that they need?

Let us look at what the ripple effects would be if these auto makers closed their doors. The companies that would have the biggest impact are the suppliers and the dealerships. This is because the auto makers, suppliers, and dealerships provide jobs to millions of people, not to mention the jobs created by other businesses that provide products and services for them. The people who have invested in these companies, as well as the people who have pension plans and retirement accounts with them, will be impacted in the event of a motor industries bankruptcy. This will create a much bigger affect to our economy. Why am I telling you this? Because more than ever, now is the time to educate yourself on How to Be a Private Lender or How to Find Private Lenders.

People are losing money left and right and are scared of what's going to happen to our economy. I was listening to a talk show on the radio last night while driving and there was a man that came on the show and said that he has 350,000 shares of Ford Motors stock. He said that just 6 months ago the stock was worth $8.26 a share and now it is worth $1.70 a share. If you do the numbers, he lost $2,296,000 in that 6 month period. I don't know about you but could you sleep at night if you lost that kind of money? Especially if you are planning to retire in the next 5 to 10 years and you are counting on that investment?

So what else is there to do? If you have money to invest but are unsure of how to invest it for the best rate of return, then you need to attend my FREE 1-day event in December. Becoming a private lender enables you to invest in something that not only will give you a higher rate of return, but also a sense of control and security. It's going to take us years before our economy goes back up again, and I know it will go back up, however some of you are probably in the stage of life where you need to do something with your money NOW. And putting your money under the mattress or burying it in your backyard isn't gonna do you any good.

On the other hand, for those of you who are struggling with "Where" and "How" to find private lenders then this event is also for you. Uncertainties send investors scrambling for safe harbor. You need people that have money to fund your deals, and people that have money need someone like you with whom to invest their money, so it's a win-win situation for both parties. The problem is NOT where to find these private lenders but rather what to say and how to talk to these people. Am I right? Because if you know what to say to them, everybody that you meet everyday is your potential private lender. You don't need to find somebody wearing a suit or working in the corporate world; Most are just Average Joes and Janes.

I told you that this week I would talk about what to say to these people and how to get them to open up to you. In today's economy, financial crisis is in everyone's mind so you could start by asking questions like "What do you think of all the government bailouts?" "I am worried about my and my children's future. How are you preparing for your future?" "How are you doing your investing nowadays?" "Are you happy with the return that you are getting on your invested money?"

These are some of the ice breaker questions. Once you have the conversation going, then you can tell them your "30 second commercial", if you will. Explain what you do and how they will benefit from investing with you. Some of them will be thrilled that you asked them.

Last week I was visiting one of my private lenders and he was telling me that his colleague kept telling him about how he needs to find something to put his money in, begging for him to find the perfect investment opportunity. My private lender's response was that there is tons of money out there just floating around; you just need to know how to get it. Now, wouldn't it be nice if you could have access to those funds?