Last night I was watching CNBC – the money channel, and I happened to catch an interview with the oracle of Omaha, Warren Buffett.  Now as you may know, I'm always gathering new information.  And I always take notes.  That's one of the reasons Marie and I have been so successful in life – both in business and outside of business.

But I digress.

I want to give you my biggest takeaway from the interview.  There was a question from a man in Zimbabwe (formerly Rhodesia) about what to do about runaway inflation.

And Warren said that in times of high inflation your best investment is in your own personal talent or skill.  In other words, he said forget about inflation and work on developing your own abilities, whether that be communication, business, etc.  He said that when you are trying to store wealth, then you'll have a problem with the currency.

Now it's been quite clear to me for some time that inflation is a bit higher than the "posted" rates.  And as the USD falls, expect the inflation to continue to expand.  Now that main thing to realize about inflation is that if you put money under your mattress, you lose money every year.  And if your investments merely keep up with inflation, you are still losing money every year.

But according to Warren Buffett, the biggest way to combat inflation is to build your own business.  Invest in yourself.  Invest in new knowledge.  Invest in your own personal development.

And that is why as the US is entering a recession (according to Buffett and myself), you should start looking at how you can increase your earning power from additional income streams.  Let's face it.  If you study successful people, they focus on continually developing their marketing and business skills.  And they know if the business climate changes completely, they'll be able to adapt and earn even more.  And in fact, these very people can see it as an opportunity.

And I want you to develop your skills to the point where you can believe that about yourself. 

And that's why you need to stay tuned into this blog…

By the way, we will be releasing a preview edition of our brand new network marketing product soon.  Post your comments if you want to be considered for a review copy.