Is The Economy Sinking?

I have been watching the stock markets very closely and my head still is spinning. I'm not sure how to read our current crisis. It seems to me that one day the stock market is rocking, and then the next day it's not. The Dow's average doesn't seem to be moving anywhere. Are stocks at a bargain price right now? There not if the market doesn't start rising again.

My suggestion right now is to move a good portion of your stocks in to money market accounts or Cd's. At least you will earn some interest in these type of accounts. Keep some of your money riding in the stock market, but keep a large portion of it earning some interest for you. If you see the stock market on a steady increase, then move more money in to stocks. I still think that mutual funds is your best bet because you keep your money diversified. The old saying use to be " when interest rates are low, stocks will grow". I don't think that holds true today. Interest rates have been down for a long time and the stock market is not growing! The stock market has been stagnate. So for now, just sit back and keep your eyes and ears open. Wait for your best possible opportunity, and then jump in.

To your Success.

Credit Card Debt

Have you ever heard of the financial advisor Suze Orman? She is always on TV giving out personal finance advise. She has done a 180 degree turn on credit card debt. She use to tell you to pay off your credit card debt with the extra cash you have at the end of each month. Now she is saying to take that money and build your emergency fund first. An emergency savings fund should equal 8 months of your current take home pay.

I think that is great advise because in today's economy, you never know what will happen with your job. You could be laid off today and then what? So the advise that she gives is to pay your minimum payment on your credit cards and start to save for emergencies. After you build up 8 months of savings, then turn your attention to paying off your credit cards. I agree with this advise 100%. Everyone needs a emergency account to fall back on in troubled times.

To your personal and financial success!

Is The Recession Coming To A End?

reports show that the recession has bottomed out and the worst should be over. Orders to US factories surged last month from aircrafts to computers. Also, business investment rose by the most it has in the last 5 years. Still in May, housing was very weak. The Fed's also decided to leave interest rates a lone this time.

What does this mean? No one really know because one day you are hearing that the recession is ending and then the next day the DOW Industrial drops a percent or 2. There is no one out there that can really predict the future. Hopefully this recession is ending and the US economy will thrive once again.

Start planning for your future so that you don't have to worry about how the economy is doing. Start a home based business to protect you and your family financially. Doing Paid Surveys is still in my opinion the best way to start. After you have some checks rolling in, start a different business until you are making enough money to work for yourself. Take control of your financial future today!

Losing Your Home in Bad Times

I was watching a show on Oprah the other night and they were showing all these people that lost their homes and are living in Tent Cities. I became extremely depressed after watching this show and felt very sad for these people. The city officials were shutting down these Tent Cities because of them being unsanitary. I understand the unsanitary problem, but then where to these people go? Don't let this happen to you!

Start working on making a extra income stream so this doesn't happen to you. Most people think that this would never happen to them until reality sets in. If you are like most families, they are living pay check to pay check. One hick up in there income and they are very close to bankruptcy. Don't count on big businesses to take care of you. They will let you go in a heart beat if their profits are down. They look at you as a number and not a person. They won't care about you if your on the streets and homeless. All they care about is making their big profits. Start generating some income through paid surveys and then you can venture on from there. Don't become a statistic, become an Entrepreneur!

Is The Recession Ending?

Maybe the recession is starting to end with the DOW Industrial having these small increases. Small increases every day might mean that the stock market is starting to settle down. Hopefully this means that they are starting to see a end to the recession. I personally rather see small movements on the stock market than big swings every day. Big swings in my opinion means that people are just jumping in and out to make the most of each day. I feel that when the stock market has small swings, people are starting to get more comfortable with the market and aren't moving their money around as much. No one really knows, but I hope are economy is starting to get back on track and there will be more jobs for the people who unfortunately lost theirs through these trying times.

Happy Investing!

Mortgage Rates Are On The Rise!

The Feds are starting to raise mortgage rates so if you haven't refinanced, now's the time to do it if it makes financial sense for you. When does it make sense to refinance? You have to evaluate a few things:

• Are you going to live in the house for a extended period of time?
• Can you at least drop your rate by more than a point and a half?
• What are the closing costs and how long will it take to pay that back?
• Is it financially advantageous for you to refinance?

These are just a few questions that you would want to answer for yourself before you go a head a refinance. Refinancing just to lower your monthly payment, is not a good reason to do it. Make sure that it is financially going to benefit you before you do it. Make sure that it fits with your financial plan. Always keep in mind that you are trying to build your net worth first! Making payments to yourself should always be your first option. Happy mortgage hunting for those's who are looking to do so.

To Your Financial Success!

Investing in Yourself is Always The Best Option!

People have often asked me what is the best thing to invest in? My answer to them is to invest in yourself! Is there anything that you use and are passionate about? What kind of hobbies do you have? Do you play golf and if so, what type of equipment do you use? If you are in to nature hiking or mountain climbing, what type of equipment to you use the most when you are climbing. There are so many items all around you that are made somewhere and you already know about them. These are the companies that I look to invest in. Once you have decided what it is that your passionate about, then do your research to see if they are worth investing in. But remember one thing, "never invest money that you can't afford to lose"! If you are looking for safer investments, then look at mutual funds. They are a lot safer then investing in individual stocks because they are already diversified.

I wish everyone Success and Happiness