Due to a momentary cash crunch of my own, my net worth finally dipped during the month of February after months of steady and fairly consistent increases. The decrease in my total assets in comparison to my total liabilities can be attributed to a convergence of simultaneous factors related to the current economic downturn, such as non payments by my cash strapped legal clients (my part time day job) and noticeably late pay checks from my online businesses' affiliate advertisers. This month in particular, I also had to withdraw a fairly large sum of money from my emergency cash savings fund for family health reasons - primarily to make a good faith contribution to my Alzheimer's-afflicted grandmother's assisted care fund. Thus for reasons foreseen and unforeseen, this month necessitated that I dip into my savings and siphon funds from my monthly income stream more so than usual. However, I'm pretty confident the late income payments will be rectified and added onto the following month's networth update, very possibly resulting in a higher than usual revenue report boost at that time.
Times Are Tough - Let's Hope President Obama Knows What He's Doing
In light of the ongoing financial crisis and economic recession, I wake up everyday thanking God for my continuous self employment and my ongoing ability to generate a fairly steady income. Times are certainly very difficult right now and thus far I've been able to dodge the painful recession bullets. Only a few years ago I was unemployed and found myself having toRead the full article »