Lots of Stuff to Think

It's like what the hell for me for this recent times.. I am not sure whether I should be happy and excited to collect the keys for my Project Alpha venue or apprehensive and worried over it. By right, I should be happy as, after so long, I finally have a venue for my venture and that now dreams can start to become reality. However, I am worried and apprehensive, and rightly so.

With the credit markets in a mess, I cannot rely on banks or finance companies to lend me the capital that I need. Even if they do, they are going to charge me exorbitant rates that will be the key to failure (that is if failure does occur). The world in a mess means retail lenders like the man on the street now keeps his money in an iron cookie tin; no more in the bank, no more with any insurance policies (that kills one of my income portfolio), and you can forget about any loans from SMEs like mine.

My main sources of income this year, financial planning with Prudential and tuitoring are dipping. With the world financial markets in turmoil, I have no idea how to tell clients and anyone for that matter to do any investment. With insurance giant AIG in trouble and the unfortunate thing that Prudential PLC (Prudential UK), the company which I represent shares the same name with Prudential Inc. (Prudential US), the company which is going bankrupt soon, things are not getter better but worse. With all my tuition kids doing GCE 'O' Levels now, I don't see any income from next month on. How to survive on a day to day basis for December is a million dollar question. With half of December spent in Australia and budgeted for, I should say, I will clear the year. Beyond that, let the higher beings decide..

I have secured, verbally, SGD$30k, which is only about half of what I need to do up the renovation and operational costs. I think this feeling is similar to AIG's CEO where new credit lines are super difficult to get. Hai..

Let me sleep on the problem and continue thinking of it later in the day.........