There’s an old saying: “It isn’t what you know but who you know.” But as we move into 2012 and beyond, the new saying will be “It’s what you know and who you know.”Why? Because in this new economic environment, the average American doesn’t have access to the cash or credit that was available 10 years ago, so we must find a new source of funds. In 2012, Relationships are the “New Money.”
One important function of money is that it’s a medium of exchange, which means we use money to trade for goods and services. Since we don’t have the available cash or credit to exchange, many of us will be forced to consider bartering for goods and/or services instead of using cash.
Rashad Phillips, MBA is a Tax Accountant, Small Business Advisor, and an Award Winning Business Journalist. Check out his full article on Old School 105.3′s Website at the link below.