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As a direct result of the economic crisis, the fortune of the 400 richest Americans has dropped by $ 300 billion in one year according to Forbes annual rankings published Recently.

It is only the fifth time since 1982 that the total assets of the 400 largest fortunes in the United States, posted a decline. Indeed, it has lost 300 billion dollars over the last 12 months, from 1570 billion to 1270 billion dollars, according to Forbes.

The difficulties in equity markets, dropping prices of real estate, not to mention divorces and fraud , all these factors have weighed heavily on the fortunes of 314 members of the list and eliminated 32 plutocrats from the classification. The most affected are: Warren Buffet, the second American fortune. This man, nicknamed the “Oracle of Omaha” has lost 10 billion because of the dropping shares of Berkshire Hathaway, which have lost 20% of their value in 12 months. He now weighs only 40 billion dollars.

Who is ranked first then you may ask , For the 16th consecutive year, the richest American is of course Bill Gates, co-founder of Microsoft. But the lethargic price of Microsoft shares and the fall of foreign investments have made him lose $ 7 billion in 12 months .

The eight other members of the top ten are: The founder of Oracle, Larry Ellison (27 billion), the heiress of Wal-Mart, Christy Walton (21.5 billion), Jim C. Walton (19.6 billion), Alice Walton (19.3 billion) and S. Robson Walton (19 billion); King Media, Michael Bloomberg (17.5 billion) and the energy giants Charles and David Koch (16 billion each). The ten largest American fortunes have lost a total of 39.2 billion dollars over the last 12 months, that is 14% of their value.

Other major losers include the casino mogul, Kirk Kerkorian, who has lost $ 8.2 billion during the year. MGM Mirage have lost 90% of their value , Another fortune in decline: the founder of Enterprise Rent-A-Car, Jack C. Taylor who lost $ 7 billion during the year following the slowdown in the travel industry and the fall in the value of private enterprises.

It’s a divorce that took away from the ranking the most affluent leader of Google, Omid Kordestani, while R. Allen Stanford has lost his status as a billionaire when the Federal Reserve has frozen his assets after accusing him of running a Ponzi fraud worth 8 billion dollars. Several pillars of the Forbes 400 list have also disappeared, including the former Tsar of Citigroup. Six members of the list died, including William Davidson and King of Press Frank Batten Sr.

The insurance industry is one of the most competitive, with hundreds of companies vying for the business of customers across the country. Each insurance provider tries to one-up the rest with competitive rates, flexible regulations and generous customer incentive programs, which can make finding insurance a bit difficult. While there are hundreds of seemingly great insurance providers out there, how do you pick the one that’s best for you?

When stuck in this situation, the best thing to do is get an insurance quote. Even if you already have insurance, quotes can give you a good idea of what the competition is offering and help you determine if you’re getting the best value for your money. There are many services on the web that offer free insurance quotes, to help consumers save money on their property, life, auto and health insurance.

Insurance quote services are easy to find. Just do a quick web search. Once you’ve found a suitable service, select the type of insurance you’re looking to save money on. You will be required to fill out a short form with relevant information about your living situation, income, age and other details that will affect the cost of your insurance. The service will then generate a variety of rates from different insurance providers, leaving the choice up to you. You will also be linked the website of each provider, so you can learn more about their coverage before buying it.

But, I mean, this has no sense!!!! Even Sandra had sworn that if he doesn’t take the right decision, she will leave him (imagine, she has to wake up at 5 am to get at her job at 8 am), and this is exactly what pushed me to talk to him , before he messes up his whole life .
Fortunately , once I’ve spoken to Carl , and explained him that home loans were the safest investments ever , and also that I’m taking a home loan to pay my house too , he kind of forgot his prejudices , and finally decided to do what I told him .

With more precise data about the seasonal variations, the U.S. economy has eliminated 247,000 jobs over the month, against 443,000 the previous month. It’s better than what economists had anticipated, which had predicted an average of 325,000 jobs to be destroyed. But this does not mean a real improvement in the economy.

The surprise came from the decline in the unemployment rate to 9.4% in July against 9.5% the previous month, while economists were expecting a rise to 9.6%, and the authorities have warned that unemployment was going to go up until 2010The rate had not decreased since April 2008. The number of unemployed has decreased to 14.462 million, against 14.729 million in June .

Once a company starts making a lot of money , its owners automatically start looking forward to enlarge its scope of activities , and this by recruiting more staff and investing in new projects, an enlargement which in case its not professionally managed , can cause a lot of trouble , and make the company lose a lot of money instead of making it .

My friend Carl , whom I’ve talked to you about previously on one of my posts, and who had invested in a little supermarket, owns five supermarkets now and is looking forward to open five more supermarkets toward the end of this summer, and as I was the first to give him advices once he wanted to launch the first, he came to see me lately to tell me about his new projects and discuss them with me .

The first thing I asked him about, is can you handle all this ? I mean managing one supermarket is not like managing ten , it needs a superhuman effort and can make him lose control over everything , he completely agreed with me .

I then told him that the best thing to do , to avoid any kind of problems is to contact one of the many PEO Companies operating on the market .

To those of you who do not know what does  PEO mean , it’s the abbreviation for  professional employer organization which is a company that help other companies manage all the hard work such as providing  outsourcing of payroll, human resources ,workers’ compensation, Staff Leasing ….. .

It’s true that our economy is now recovering from the economic crisis, and it’s time for you to invest in new projects , and Peo companies can really be really helpful , and help you climb the mountain of success.

But the interesting thing about that , is that it’s not only an opportunity for very rich people who have money , to make more and more  money , it’s also an opportunity to normal people who can also make a lot of benefit from this new situation , take for example stock options, during last years, they have been considered as some of the best ways for normal people like me and you , to make money and  create a monthly consistent cash flow, but of course it’s not without risks .

A friend of mine, has lost a lot of money in stock option trading , but once I asked him why , he simply answered that he didn’t knew how it worked, he only cared about making money , a terrible and unforgivable mistake .

But the most weird thing is that he’s still investing in stock options , in fact he contacted a professional options trading mentoring company that taught him how to do trading with stock options , and maximize he’s revenue and minimize his losses, and believe me , he’s very satisfied , he even bought a new Lamborghini just from the money he makes and this of course by following all the options mentoring strategies and advices .

To finish I’d like to add that there are many different ways to make money today , and one of the easiest and best way is by investing in stock options, but in this case you’ll take a big risk , and taking an options trading mentor is the solution you need to avoid bad surprises , that can make you lose everything in few seconds .