Barclays and RBS share prices fell by 25% and 17% respectively today; Barclays from £1.30 to £0.98 and RBS from £0.418 to £0.347.

My wife indicated that the deeper plunge at Barclays was due to my departure from the group on Wednesday. She said that once the markets got hold of the news there was clearly panic, but I believe that might only be part of the reason. (Just kidding).

In response to market conditions Barclays shed another 2100 jobs today

The economic recession just got a bit more real for me, as my job was one of the ones to go as Barclays Global Investors reigned back their development activities in the UK. A couple of weeks ago I had been sure my job was safe but recent interactions at work meant that on the day itself it did not come as a surprise.

After some soul-searching, self recriminations and reflection, I really feel quite good about it. I have been given an opportunity to develop my on-line business ideas and expand my knowledge of internet marketing.

For the last few years my income has been almost exclusively all in the ‘E’ sector (employee); now is the time to start trying in earnest to replace it with ‘S’ (self-employed), ‘B’ (business) and I (investor) streams.

I have set myself a ’90 Day Challenge’ to put myself on a path to replacing my income within 12 months.