Friday, July 6, 2012

Personal Finance News Friday 7/6

Phil's Personal Finance Tip of the Day:

New Careers: Where Tragedy Became Triumph

After living through an accident, illness or loss of a loved one, many people find comfort in going back to the predictable rhythms of their old, familiar routines. Losing themselves at work can offer escape from these events and help set them on the road to recovery.

For others, the response is exactly the opposite, and going back to their old lives after a traumatic, life-changing event is out of the question. The only thing that seems right to them is to create a new plan for living, one that acknowledges the hardships they’ve endured and the wisdom they’ve acquired since their lives changed.

CNBC.com presents this list of people who survived tragedies and responded by creating new careers and businesses. These new ventures not only helped them cope, but may have served to inspire other people going through similarly challenging times.

HALO Innovations

In 1991, Bill Schmid and his wife experienced what most parents only go through in their worst nightmares — they lost their daughter Haley to Sudden Infant Death Syndrome. While some of the causes of SIDS remain unknown, loose crib bedding is a known risk factor, and Schmid, an engineer, vowed to put his skills to find a way to eliminate it.

He founded HALO Innovations, and the company manufactured sleeping products such as the SleepSack swaddling blanket. The blanket is now sold at Babies R Us, Target and Walmart, and its success has prompted the company to create other products, such as the Active-Airflow crib mattress.

According to the company’s website, “the mattress is the only product proven to reduce the risk of ‘rebreathing’ for infants, a condition associated with Sudden Infant Death Syndrome (SIDS).”

To read the entire story from CNBC:
 http://finance.yahoo.com/news/new-careers--where-tragedy-became-triumph.html

Scripture of the Day from Dave Ramsey.com:
Proverbs 12:17 — An honest witness tells the truth, but a false witness tells lies.

Please listen to the Dave Ramsey show live on WOR 710 from 2-4 PM EST. You can also listen to the 3rd hour 4-5 PM EST. at Dave Ramsey.com.

No comments:

Post a Comment