Buzzirk Mobile may face competition!
One important reminder to anyone that researches a Home Based business..Make sure the products are exclusive of at least limited
to purchase from the supplier!
Buzzirk Mobile was under the impression that they had exclusive rights to offer this service but things might be changing soon Zer01 Wants To Turn Retailers Into Carriers: "Las Vegas- Major retailers could be offering unlimited cellular VoIP and data..."
Keep a close eye on this story, it may never materialize but the intent is there. This technology is becoming extremely popular so having exclusive rights is always the best option.
Now for some recent news on this technology!
On July 4th, 2009 Financial Destination Inc announced that Kuba Farbiarz, the founder of GI Connect, creator of its proprietary technology and worldwide communication platform, has joined FDI for the pre-launch of FDI International coming in August!
Check back for more information soon.
Scott
www.fdirep.com/ses
Showing posts with label finacial destination. Show all posts
Showing posts with label finacial destination. Show all posts
Thursday, July 16, 2009
Thursday, April 9, 2009
Best explanation of the financial mess we are in!
This came from a friend of mine so don't give me the credit for this information, I know we all can relate to this explanation..
Enjoy the read....Derivative markets .... an understandable explanation
Heidi is the proprietor of a bar in Detroit. In order to increase sales, she decides to allow her loyal customers- most of whom are unemployed alcoholics - to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
Word gets around about Heidi's drink now pay later marketing strategy, and as a result increasing numbers of customers flood into Heidi's bar and soon she has the largest sale volume for any bar in Detroit. By providing her customers' freedom from immediate payment demands, Heidi gets no resistance when she substantially increases her prices for wine and beer, the most consumed beverages. Her sales volume increases massively.
A young and dynamic vice-president at the local bank recognizes these customer debts as valuable future assets and increases Heidi's borrowing limit.
He sees no reason for undue concern since he has the debts of the alcoholics as collateral. At the bank's corporate headquarters, expert traders transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then traded on security markets worldwide. Naïve investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics. Despite this, their prices continuously climb, and the securities become the top-selling items for some of the nation's leading brokerage houses.
One day, although the bond prices are still climbing, a risk manager at the bank (subsequently fired due to his negativity), decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar. Heidi demands payment from her alcoholic patrons, but being unemployed they cannot pay back their drinking debts. Therefore, Heidi cannot fulfill her loan obligations and she claims bankruptcy. DRINKBOND and ALKIBOND drop in price by 90%. PUKEBOND performs better, stabilizing in price after dropping by 80%. The decreased bond asset value destroys the bank's liquidity and prevents it from issuing new loans.
The suppliers of Heidi's bar, having granted her generous payment extensions and having invested in the securities, are faced with writing off her debt and losing over 80% on her bonds. Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 50 workers.
The bank and brokerage houses are saved by the Government following dramatic round-the-clock negotiations by leaders from both political parties. The funds required for this bailout are obtained by a tax levied on employed middle-class non-drinkers.
Finally an explanation that is understandable. And everyone lives happily ever after ! ! ! ! !
Scott Sebenaler
www.fdipays.com
Enjoy the read....Derivative markets .... an understandable explanation
Heidi is the proprietor of a bar in Detroit. In order to increase sales, she decides to allow her loyal customers- most of whom are unemployed alcoholics - to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
Word gets around about Heidi's drink now pay later marketing strategy, and as a result increasing numbers of customers flood into Heidi's bar and soon she has the largest sale volume for any bar in Detroit. By providing her customers' freedom from immediate payment demands, Heidi gets no resistance when she substantially increases her prices for wine and beer, the most consumed beverages. Her sales volume increases massively.
A young and dynamic vice-president at the local bank recognizes these customer debts as valuable future assets and increases Heidi's borrowing limit.
He sees no reason for undue concern since he has the debts of the alcoholics as collateral. At the bank's corporate headquarters, expert traders transform these customer loans into DRINKBONDS, ALKIBONDS and PUKEBONDS. These securities are then traded on security markets worldwide. Naïve investors don't really understand that the securities being sold to them as AAA secured bonds are really the debts of unemployed alcoholics. Despite this, their prices continuously climb, and the securities become the top-selling items for some of the nation's leading brokerage houses.
One day, although the bond prices are still climbing, a risk manager at the bank (subsequently fired due to his negativity), decides that the time has come to demand payment on the debts incurred by the drinkers at Heidi's bar. Heidi demands payment from her alcoholic patrons, but being unemployed they cannot pay back their drinking debts. Therefore, Heidi cannot fulfill her loan obligations and she claims bankruptcy. DRINKBOND and ALKIBOND drop in price by 90%. PUKEBOND performs better, stabilizing in price after dropping by 80%. The decreased bond asset value destroys the bank's liquidity and prevents it from issuing new loans.
The suppliers of Heidi's bar, having granted her generous payment extensions and having invested in the securities, are faced with writing off her debt and losing over 80% on her bonds. Her wine supplier claims bankruptcy, her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 50 workers.
The bank and brokerage houses are saved by the Government following dramatic round-the-clock negotiations by leaders from both political parties. The funds required for this bailout are obtained by a tax levied on employed middle-class non-drinkers.
Finally an explanation that is understandable. And everyone lives happily ever after ! ! ! ! !
Scott Sebenaler
www.fdipays.com
Friday, January 9, 2009
Do you have monkeys in your life?
Do you have monkeys in your life?
I found this study to be very interesting....
Scenario: A group of monkeys were locked in a room with a pole in the center. Some luscious, ripe bananas were placed on the top of the pole. When a monkey would begin to climb the pole, the experimenters would knock him off with a blast of water from a fire hose. Each time a monkey would climb, off he would go, until all the monkeys had been knocked off repeatedly, thus learning that the climb was hopeless. The experimenters then observed that the other primates would pull down any monkey trying to climb. They replaced a single monkey with one who didn’t know the system. As soon as the new guy tried to climb, the others would pull him down and punish him for trying. One by one, each monkey was replaced and the scene repeated until there were no monkeys left in the room that had experienced the fire hose. Still, none of the new guys were allowed to climb. The other monkeys pulled them down. Not one monkey in the room knew why, but none were allowed to get the bananas. Story from The Total Money Makeover by Dave Ramsey Pg. 19-20
Just like monkeys, we too have been taught not to take unnecessary risks. Have you tried something new only to find out you had absolutely no support from your friends and family? Can you start to see the similarities between monkeys and the people that surround you?
The monkey’s actions are based on FEAR! What is fear, the acronym for fear is false evidence appearing real. We get most of our advice based on fear and not fact! The fact is most of the monkeys would have enjoyed a feast of bananas! Due to the failed efforts of a few, everyone was denied the attempt to enjoy success.
When you’re trying something new, remember the monkeys! Don’t take offence if you encounter resistance from the people you care about; they are only trying to protect you from the unknown. You’re more successful to try and fail than to not try at all. Now that your awareness has increased, this doesn’t give you the green light to jump at every opportunity that comes your way! Find the smartest monkeys to mastermind your ideas and don’t pass up the bananas without a fight.
To your success.....
Scott
www.fdipays.com
I found this study to be very interesting....
Scenario: A group of monkeys were locked in a room with a pole in the center. Some luscious, ripe bananas were placed on the top of the pole. When a monkey would begin to climb the pole, the experimenters would knock him off with a blast of water from a fire hose. Each time a monkey would climb, off he would go, until all the monkeys had been knocked off repeatedly, thus learning that the climb was hopeless. The experimenters then observed that the other primates would pull down any monkey trying to climb. They replaced a single monkey with one who didn’t know the system. As soon as the new guy tried to climb, the others would pull him down and punish him for trying. One by one, each monkey was replaced and the scene repeated until there were no monkeys left in the room that had experienced the fire hose. Still, none of the new guys were allowed to climb. The other monkeys pulled them down. Not one monkey in the room knew why, but none were allowed to get the bananas. Story from The Total Money Makeover by Dave Ramsey Pg. 19-20
Just like monkeys, we too have been taught not to take unnecessary risks. Have you tried something new only to find out you had absolutely no support from your friends and family? Can you start to see the similarities between monkeys and the people that surround you?
The monkey’s actions are based on FEAR! What is fear, the acronym for fear is false evidence appearing real. We get most of our advice based on fear and not fact! The fact is most of the monkeys would have enjoyed a feast of bananas! Due to the failed efforts of a few, everyone was denied the attempt to enjoy success.
When you’re trying something new, remember the monkeys! Don’t take offence if you encounter resistance from the people you care about; they are only trying to protect you from the unknown. You’re more successful to try and fail than to not try at all. Now that your awareness has increased, this doesn’t give you the green light to jump at every opportunity that comes your way! Find the smartest monkeys to mastermind your ideas and don’t pass up the bananas without a fight.
To your success.....
Scott
www.fdipays.com
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