Minneapolis Floor Sanding

I’ve seen a lot of hardwood floors.  I’ve sanded a lot of hardwood floors.  I’ve seen the good, the bad, and the ugly.  It is actually pretty crazy all the difference types of floors I’ve sanded and refinished.  I think this last week we sanded the second hardest floor I’ve ever done. [click to continue...]

Gas prices are at five year lows. Can you believe that? Just five months ago gas was $4.00 a gallon and everybody thought the world was coming to an end. I remember thinking this is crazy, how are people going to pay for this? Now, five months later gas is $1.45 per gallon, everybody still thinks the world is coming to an end, but now I don’t mind so much when I have to drive around town. Prices are lower for clothes, cars, food, and services. This is good and bad. It is good because if you are consuming the products that are lower in price. But it is bad if you are the producer of the products that are lower in price. Some people have more money in their pocket and some have less. So what is better? It is hard to say because a lot of businesses are going out of business and people are losing jobs, they are not getting paid as much. I think the key is where is your bottom line? If you have a lot of bad debt and high expenses then that is not good. If you have little or no bad debt and low expenses that you are better off. The key right now is to be smart. Don’t do anything stupid, but don’t be too scared to make a good decision. Right now a lot of quality assets are undervalued such as silver, real estate, and stocks. You have to do your homework and find the right ones, but remember the key is how much cash does the asset produce? Right now and forever cash is king, well at least until the dollar is not worth anything, but that is a different story. If it produces cash and it gets you a high return I would consider purchasing it. If you’re thinking about getting your Minneapolis hardwood floors refinished give me a call. I promise, I don’t mind driving around right now.

Right Now times are tough.  It can be difficult to work through the problem.  A lot of the time you might want to give up on your dreams.  But this is when it is the best time to work your best.  Sometimes before we can rise to our peak, we need to fall to the bottom first.  Often it is at the bottom we learn the most valuable lessons.  I think the next few years could be very tough for many Americans.  But I have faith in our country and our people.  We work hard and we are very innovative.  I think when things get difficult people start being more creative and try new things, make better products and make things better.  If your thinking about making your house better by getting rid of your carpet that is so boring, then call me today.  I will help you refinish your  Minneapolis hardwood flooring.  Thanks a lot.

Zero Percent Return is Great! Minneapolis Hardwood Floor Refinishing

Get this. For the first time in United States history U.S. Treasury Bonds are paying 0%. This means that investors are willing to take their money out of the stock market, commodity markets, commercial paper markets, and real estate markets, because they are too scared. Instead, they are willing to invest in Treasury bonds and get nothing back in return. [click to continue...]

Tough Times and Minneapolis Floor Sanding

It is getting tougher everyday it seems. Iceland’s currency is worthless. Ecuador defaulted on 50% of its national debt and Pakistan and India could be on the verge of war when the United States is fighting the Taliban and Al-Qaida on Pakistan northern border. [click to continue...]

Low Money Down First Time Home Buyer Minneapolis

Do you make less than $42,000? Do you want to own your first house and pay less than your current rent? If you answered yes, then you should consider contacting the Minnesota Finance Housing Agency. [click to continue...]

It is official. We are in a recession. We have been in a recession since December 2007. It has been a year. Only two of the last ten recessions has been a year or longer. This economic downturn will be officially the longest since the Great Depression. What does this mean? It means Americans are broke. People are maxed out on credit cards, late on mortgage payments and they don’t have enough money to pay their heating bill. As a result, the Federal Government is trying to spend its way out of this, but somebody should tell them that spending your way to wealth is very difficult. The Federal Reserve has lowered interest rates, sent out rebate stimulus checks, pumped billions of dollars into failed businesses, and has begun to guarantee almost every loan that will be loaned in the United States. Has any of this helped? I don’t think so. Almost all of this spending has been generated by selling debt or printing money, both decrease the value of your dollar and makes goods and services more expensive. In addition, this debt does have to be paid back so you will probably see more tax increases. You will have even less money. How do you fix this? We need to raise revenues, cut inefficiency, and decrease wasteful spending. You have to create assets to build wealth. The good thing about all this is a lot of businesses are going to fail, the strong ones will survive and the weak ones will fail. I believe this will make the strong one even more powerful, efficient, and innovative, which will lead to better products that create more demand. See, we need to produce goods and sell them. The United States used to do this, but over the last thirty years we have been importing more then we have been producing. You can’t keep that up. What to do right now? I think everybody should tighten their belt, work their butt off, and look for opportunities. More Americans became millionaires during the Great Depression than any other time in U.S. history. Prices are decreasing dramatically in stocks, real estate and commodities. A lot of this is because of the psychological groupthink effect of people following the heard, some of it is because of the supply and demand imbalance. Either way, keep your head on a swivel and be ready to act on good deals. If you need a deal on your hardwood floors in Minneapolis give me a call. I’ll give you an official free estimate.

I was helping a friend out the other day. We were looking at her company’s financial statements and we were trying to figure out why her company was losing money. After running some numbers it became clear that her costs of goods has increased by 5% over the last year, compared to her company’s 13 year average. Also, her operating expenses have increase by 5% and she has cut prices by 5% to preferred customers. As a result, this 15% has eaten into her bottom line. There are a number of other factors that are hurting her profits, but this situation reminds me of what is going on right now with the global financial crisis.  She needs to cut costs because prices have increased. Well, lately they have gone down, but besides the last couple of months everything has gotten more expensive. Why is that? Think of it like this: The U.S. Dollar is the global currency. We use it for trade, Middle Eastern states use it for trading their oil, and a large number of other foreign countries use it for trade also. Everybody believes in it, they trust it because they trust that the United States of America will have a strong economy and stable government. Not only do they use it to trade, they also use it to put their cash in the bank. Countries like Russia, China, and Saudi Arabia have trillions of dollar bills that they put in their bank savings account to have for a raining day. They don’t use their own currency, they use U.S. Dollars. Why? Like I said they trust it. It has value. But here is the catch. The dollar is losing value because there are so many of them floating around the world. The more there are the less each one is worth. Right now, we are printing more of these dollars and selling them to other countries so we can pay for GM, Citibank, AIG, Fannie Mae, FDIC, the list goes on and on. So if the dollar is losing value, it will take more dollars to buy stuff then before. Therefore, prices increase. We need to stop doing this. This is going to hurt the poor and middle class the most. If you live in Minneapolis and are looking for a hardwood floor sanding estimate give me a call. I’ll help you out.

Another bailout.  Today we just spend more taxpayer money on another big bank.  Most of the money is just being printed by the Federal Reserve or we are borrowing the money from China and Saudi Arabia.  I don’t know, I don’t think this is the right way to go.  It just doesn’t make sense to me.  Why should these companies be bailed out?  I mean, they made bad decisions.  When that happens, usually you got to take a hit and learn from your mistakes.  You and I don’t get bailout when we make bad decisions.  I’ve heard it though, people will lose their jobs, companies will go out of business and it will make things worst.  I say at them burn.  Call me today for a free hardwood floor sanding estimate.