by | Nov 26, 2007 | Archives

Inflation problems can destroy your wealth faster than just about any other economic problem. Today in the US , inflation has destroyed the penny. Prices have risen so much that pennies just no longer count and most places have a little jar filled with pennies and a note; “Take a penny – Leave a penny.” The penny has so little value that Congress has had to pass a law against melting them down since the materials in them are worth more than as a coin.

Well…I do not think we have seen anything regarding inflation yet. Soon enough we could be seeing that jar say…”Take a dollar – Leave a dollar.” That’s the problem with inflation.

We may not have to wait long for inflation to run away either. This especially places those of us who are ready at the age where we can think “retire”. Inflation can destroy retirement.

At our most recent seminar in Ecuador , one American delegate told me how he had retired and moved to live

in Thailand where he could beat inflation by enjoying the wonderful low cost living. Yet “now” he told me, “I have seen my US dollar pension lose 20% of its purchasing power in just one year”.

Another businessman who outsources some of his labor wrote asking how to protect his income. His Indian outsourcers are raising the fees they charge due to the falling greenback.

Yet inflation will probably grow, and the dollar is likely to fall even more when 60 million baby boomers retire and start drawing on Medicare and Medicaid. (This is just a few years away.)

One way to beat inflation and a falling dollar is to become a multicurrency investor. This is why we offer a multi currency educational service now. See

Yet, for most investing, will not be enough…inflation will be too high…capital not enough … skills too small.

The rest will see their pensions and social security severely squeezed by inflation, leaving these people with one of five other non investing options:

#1: Move to less expensive areas within the US

#2: Export their retirement

#3: Live in near poverty

#4: Die

#5: Keep working

We are have been expanding our International Business and Self Publishing educational efforts to help those who are falling into the “Keep Working” category or who are like us are Wanting to Keep Working!

Some will be like Merri and I. We would never think of retiring because we love what we are doing…much better than fishing, gardening or golf! Others might have to work.

Whatever if you are going to work to beat the ravages of inflation, why not make it profitable, fulfilling and fun?

To make our service better we are souping up our self publishing workshop, working with AWAI (American Writers & Artists Institute) and creating strategic alliances so in 2008 we’ll be in a better position to help our delegates enjoy the freedom of a global internet business like ours.

We have also added Steve, our man in Ecuador , to beef up our ability to serve those who attend our Ecuador import-export courses which he leads. With 18 months of teaching and working with our delegates, he proudly is experiencing great success among our course graduates!

Now to help those who wish to have your own internet business we are incorporating Michelle Toole into our program.

Michelle developed her internet only business after accepting our earlier invitation to attend one of our workshops last year. She is providing an internet support system that helps readers who take our self publishing workshop.

We have asked Michele to give you a multi part series on how to use SBI to develop internet business.To read Michelle’s first two lessons go to and

Here third lesson in this series is below.

Until next message, may you always have more dollars than you need to take..


Learn how to join Merri and me at the AWAI Self Publishers workshop we will conduct.

Or enroll in our Self Publishing Correspondence Course

Here is Michele’s third lesson:


So, how do you come up with a Site Concept for your new website?

When trying to develop your Site Concept for your web site you need to really take the time to figure out what type of business you would like to have, what skill set you bring to the table and what just plain makes you happy doing.

Everyone, absolutely everyone, has a special interest… a passion. Passion makes work fun and easy. What is it that you love to talk about? What do you read? Do you have a hobby? What do you do for fun and games? What are your natural talents? Write these down. (And don’t forget to look right under your nose!)

When you start with what you are passionate about things tend to flow naturally…


If you are still stuck for good ideas for your Site Concept, here are some basic brainstorming techniques and Idea Boosters. Your goal at the end of your brainstorming is to have three potential Site Concepts:

What special body of knowledge have you learned from your job? What do you do day after day, without even thinking about it (ex., child-rearing, taking care of sick parents, renovation contractor, customs inspector). Could any of these activities, areas where you have developed knowledge (without even thinking about it), be of value to others? Yes?… Great! Write these down.

Think about what you do in a typical day, and what you’ve learned from it. What sections of a book store or a magazine shop do you automatically gravitate toward? What kind of TV shows do you tend to like most? Movies? ….Write these down, too.

What activities do you enjoy most about your current occupation? Is it research? Helping customers achieve their goals? Managing other people? Teaching or explaining things to others? Talking/selling on the phone? Organizing things? Making a process easier? Discovering or creating new products or services? Marketing products? ….OK Write these down.

Problems are also a good source for ideas because problems need solutions! What bugs you? What’s tedious? What does not work for you? We all encounter obstacles, problems, nasty people in the course of whatever it is that we do every day. What are the three biggest problems in your work place? What are your biggest pains as a parent, or as a step-parent, or as a gardener (etc., etc.)? Do you have solutions to these problems? Would they be of value to a lot of people? Yes!!! …..Write these down!

Now let’s make sure that you haven’t overlooked “ancient history”… Repeat all the questions above, except pretend that you are in a “five years ago” time warp. Yes, ask yourself the same questions, except place yourself where you were five years ago. Next, repeat for 10 years ago. To paraphrase an old saying… “You’ve forgotten more about some things than other folks will ever know.”

Call friends. Ask your kids. Phone your parents or your siblings and anyone else who can jog your memory. It’s so easy to miss what others see.

Need a few seeds to fire up that old thinking cap? Here are a few examples of “starting points” to get your neurons firing…

Advertising, Aerospace, Agriculture/farming, Antiques and collectibles, Apparel/clothing/fashion, Architecture and buildings, Arts & Crafts, Auctions, Automotive Aviation

Beverages, Books

Chemicals, Children/parenting, Cleaning, Communications/media, Computers, Construction, Consulting, Conventions/Trade Shows

Design, Disabilities

Education, Electronics, Employment, Energy, Engineering, Entertainment

Financial services, Food

Gambling, Games, Government

Health, Hobbies, Home/garden/flowers/plants, Hospitality/entertaining




Manufacturing, Minerals, Music

New age

Office supplies


Real Estate, Religion/Spirituality, Research and Development, Retail management

Science, Security, Sex, Software, Sports

Telecommunications, Toys, Trade, Transportation, Travel



And these are just the general categories! Think about sub-categories of these and about sub-sub-categories.

That should be enough to get you started…..

Look for next week’s article that will review Step 2 – Laying out your “Content Blueprint” in developing a successful web business….Plus a lot more in the coming weeks about the last 2 steps on how to plan for success.

You can check out Michelle’s web site at To see how and what tools she used to create a successful on-line business go to

One great think about Ecuador is that it has beauty, low costs, wonderful weather and the currency there is the US dollar! Pus there is plenty to do. Here Steve, our man in Ecuador , arriving to camp out and fish at a deserted lake in the high Andes.

Read all about this as an Ecuador Living subscriber. See Ecuador Travel and Living

Join us in Ecuador !

Join us at a course soon!

How We Can Serve You

[showad file=””]