Now it is Ford Motors Turn.

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic.

Now it is Ford Motors Turn.

Free Online Articles Directory

Why Submit Articles?
Top Authors
Top Articles
FAQ
ABAnswers

Publish Article

0 && $ .browser.msie ) {
var ie_version = parseInt($ .browser.version);
if(ie_version Login

Email

Password

Remember me?
Lost Password?

Home Page > Self Improvement > Advice > Now it is Ford Motors Turn.

Categories
AdvertisingArts & EntertainmentAutomotiveBeautyBusinessCareersComputersEducationFinanceFood and BeverageHealthHobbiesHome and FamilyHome ImprovementInternetLawMarketingNews and SocietyRelationshipsSelf ImprovementShoppingSpiritualitySports and FitnessTechnologyTravelWriting

Now it is Ford Motors Turn.

By: Michael Ochoa
Posted: Jan 27, 2006
Views: 510

]]>

It has happened again, and again in a very big way. I am sure you have heard the news that General Motors is closing plants and letting some 30,000 people go. Some they will be able to relocate, some they won’t.

Ford has started announcing they will be “cutting back” and will have more to say about it in February 2006. When asked if the cuts will go deep enough, Bill Ford said he thinks they will. This is all devastating news that we should all be concerned about.

The manufacturing sector of our economy is the one sector that provides for our society in any country, a “ladder” that allows us to move from lower class economies to middle and upper middle class economies. Without manufacturing, it becomes more and more difficult for families to pull themselves up and obtain their dreams.

Most manufacturing jobs provide up to nine other jobs in the local economy. Think about the local drug stores, dry cleaners, car washes, gardeners, fast food restaurants, independent auto mechanics, and so on, that are going to see their customer base diminish and their services not used as frequently. This will be a direct result of their local patrons no longer have the discretionary income they once had. Most of those that are being laid off will now start to learn how to get it done themselves. After all, they will now have the time. Many will begin working on their own cars, taking care of their own lawns, cooking and eating “in” more often than not.

And with fewer “end” products being produced, suppliers and their employees are affected in the same fashion.

What of our younger generations that are coming up through school. What direction do they take upon graduation? What field do they now study in college? And to learn a trade is still a good bet, but unless they move to an area where there is more discretionary income, what do they learn a trade in?

These are tough situations and difficult questions. These actions affect us whether we live nearby or not, whether we were the ones laid off or still working, and whether we live in the United States or not. There will be huge impacts. How much will the Federal Government be able to do to help us? I spoke with some friends who live in Marathon Florida who were devastated in the last hurricane and they related that FEMA has notified them that they are temporarily out of money due in large part to hurricane Katrina. They indicated that FEMA told them they need to go back to congress to get more moneys approved.

There are some individuals who had some foresight and started a home based business that provided them residual income. It may have sounded kind of corny then, or out of vogue, but there are those families, husband and or wife: single parent, or head of household that DID do something way back when and have been enjoying discretionary income month after month from their home business. To those who were prepared, you will have a little less worry and frustration than those that did not.

For those that did not have a home based business and consequently no monthly residual income, it is never too late to start one. You can start one up for relatively little cost, and it will not dig into your new budgeted spending pattern if you start a business where the products would be those that you consume in your household each month (all businesses need to have products or services sold. If not, then they are a scam. Run away from them as fast as you can).

As independent adults that are getting caught in this layoff trap and having less and less security, there is some analyses that may be difficult, but nevertheless need to now take place. For those of us not directly caught (yet), this analysis process would still be good for us to examine as well.

First, hopefully those employees getting laid off have put back some savings. After all, this has happened before, so hopefully there was foresight that something like this could happen again and there was at least some preparation.

Second, take a real hard look at what areas you would be able to trim, immediately if you have to, in order to slow down the cash outflows every month. Look at these areas closely. If you have teenage children, you might want to involve them in the process. Have them help to contribute ideas that will help the family weather this storm. Explain to them that as parents, you will do everything you can to make this a temporary situation and explain to them you appreciate their help and input.

Third, “write down your plans”. This is so important. Set some short term goals that will help you to get through this time. Also make sure to include your “written” finances from step 2 here as well. One technique to use is to sit down and write out where the money is currently being spent now. Keep in mind that most of us don’t have the patience to do this, or are not honest enough with ourselves when we write it down. This is an important enough step that it is worth repeating. Look at the list and decide what, if any, areas you can trim down for the interim period. Don’t look at it as “I can go without this” because this will begin to breed anger, after all, you worked hard for X amount of years and you deserve this (whatever “this” is). And anger will do you, and or your family and friends no good at all. This is not the end of the world and you and your family will survive it. YOU MUST REMEMBER THAT! But if you have the wrong mindset, it will make the process you are getting ready to go through much more difficult than it needs to be.

Once you have it all written down, talk to your spouse, or if a single parent, talk to your children and try and solicit their support in “making those new plans happen”. If the family has goals, and “everyone” in the family participates, this temporary setback will be brief and the family values and relationships will remain intact. If there are no goals, or they are not specific, then everyone does what they think they should do and in reality, nothing gets accomplished except feelings of contempt and frustration for one another.

Keep in mind that this has happened to people and families in the past and it will be experienced by people and families in the future. You may find that your life begins moving in a direction you had not originally intended it to, or the changes that take place in you or your family are changes you would not have thought possible before. That will be ok. Again, the most important thing to remember is that you did just fine up to this point and you will do just fine after this. There is a life after (insert you company name here). Sometimes many believe that a power greater than they are found it necessary to challenge them to learn and experience new situations that will further develop their true selves, or the people they were intended to be. Some will shrug their shoulders and say ok, let’s move on.

Situations have a way of correcting themselves in time, but usually not without some direct input from us. What this means is if we are to have a positive outcome, we need to have positive input. If we experience a negative outcome, then we obviously have input negative actions, feelings and or emotions.

Remember, this is not the worst thing that could have happened. If you were not ready for this one, then get ready for the next one. Seriously examine your spending patterns. Take a hard look at where your money is going. Employ a technique called delayed gratification, meaning wait and save the money for the item, or do what is necessary now in order to have the item or pleasure in the future.

And if you do not have a side business, a home based business, or a part time business, realistically pursue that. There are too many opportunities that are out there for bright people that are hard working in nature, to sit on the sidelines and not be able to participate in the “Great American Dream”.

Michael Ochoa – About the Author:

A Success Coach, Michael Ochoa operates many websites and works with people to help them to build, develop and accomplish dreams of financial success and independence. Visit Michael’s website Make More at Home for more information.

Source: http://www.articlesbase.com/advice-articles/now-it-is-ford-motors-turn-12420.html

]]>

Increase your traffic today just by submitting articles with us, click here to get started.

Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Rate this Article

1
2
3
4
5

vote(s)
0 vote(s)

Feedback
Print

0) {
ch_selected = Math.floor(Math.random()*ch_queries.length);
if(ch_selected == ch_queries.length) ch_selected–;
ch_query = ch_queries[ch_selected];
}
}catch(e){
ch_query = document.title;
}
]]>

Article Tags:
ford, gm, home business, budgeting, family planning

Latest Advice Articles
More from Michael Ochoa

Use These Tips For Debt Elimination

Trying to live without any debt seems almost impossible in this day and age. However, with the right type of plan in place to manage your money effectively, debt elimination is actually a lot easier than you would think. The problem that we face on a day-to-day basis is the temptation to buy all the latest gadgets, owning a nice car, living in a dream home, and anything else that can be possibly advertised to us through savvy marketers.

By: Ariel

Self Improvement >
Advice
May 25, 2011

How to Control Jealous Feelings

Do you ever feel uncomfortable around someone who is doing better than you? Do you notice negative emotions rising within? Does this happen often? Article provides tips on dealing with jealous feelings.

By: Nicholl McGuire

Self Improvement >
Advice
May 24, 2011

Purpose: Is It The Key To Happiness?

The article talks about how you can find the real happiness in life. Know the secrets that will help you to discover the key of happiness and contentment that you are looking for in your life.

By: Jones Spores

Self Improvement >
Advice
May 24, 2011

Nature Scenery: A Source of Inspiration

Environmental awareness begins with the mind. We are greatly influenced by the way we see the world around us. Our perceptions serve to build our vision of the environment. Using nature scenery as a source of inspiration is a wonderful approach to developing a new awareness of our surroundings.

By: PDS

Self Improvement >
Advice
May 24, 2011

The Success Principle Review – Appeals to Everyone!

Wouldn’t it be nice to go to school and know that you are the smartest, most good looking, most athletic person in class? According to The Success Principle, you can! Best of all, this trait follows you wherever you go, whether you’re at home, at school or at work.

By: Michelle Pammerson

Self Improvement >
Advice
May 24, 2011

Use This Simple Time Tested Process And Move Your Business Forward In 2006!

Believe it or not, most businesses or careers never move forward because there is a failure to plan and execute. Shouting out orders to others does not insure a business will succeed nor does it mean a manager will progress. Setting goals that are well

By: Michael Ochoa

Self Improvement >
Self Help
Feb 02, 2006

You Have A Home Air Purification System But You Neglected Everything Else!

So many people try to do the right things regarding their health and their families’ health. But all too often, it is the things that are right under our nose that are actually causing us the most problems. For some, they understand this, but refuse to

By: Michael Ochoa

Health
Jan 31, 2006

Is Teak Wood Outdoor Furniture Right For Me?

This article answers the questions most often asked in the decision making process of purchasing outdoor furniture: What makes one better than the other: what is all the hype about Teak Wood and why should I bother with it. The article also gives a brief

By: Michael Ochoa

Home Improvement >
Gardening
Jan 30, 2006

Is it Really Teak Wood? Caveat Emptor! (Part Two)

Caveat Emptor is Latin for “Let the buyer beware”. As consumers, we are often so focused on looking for the best deal on the product we want, we miss the fine print or pay no attention to it at all. We become disappointed later when we realize we did no

By: Michael Ochoa

Home Improvement >
Gardening
Jan 27, 2006

Comments on this article [0]
Add new Comment

Widgetized Section

Now it is Ford Motors Turn.

Related Posts:

Leave a Reply Cancel reply