When is no job the best job? Answer: in the middle of a job-killing recession!
If you follow the news like I do, then you already know that our economy lost 533,000 jobs in November! The unemployment rate has also increased to 6.7%. Ironically, the only reason that the unemployment rate only went to 6.7% is that a huge number of people were so frustrated by the lack of jobs, that they stopped looking for work. In the screwed up fantasy land that is our government, when a person can't find work and gives up, they aren't counted as being unemployed! In addition, there are millions of lazy people in this country that simply don't want to work and they aren't counted either.
The point is that millions of Americans are in danger of losing their jobs right now. If we fall into a Depression, unemployment could skyrocket. Fortunately, those of us that are self-employed are not facing such a risk. That's not to say that running a rental property business is risk-free, it's not. However, at least my future isn't in the hands of some corporate bean counter that may want to save money by eliminating my job.
As long as there are people on this planet, people will need a place to live. That gives me assurance that rental property owners will have some job security!
Michael Rossi's Blog
The purpose of this blog is to give you a look at the daily life of a rental property owner. It's not all sitting on a yacht like you see on the TV Infomercials!
Visit our Website at: www.1MinuteToRentalPropertyRiches.com
Saturday, December 6, 2008
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