Every morning when the alarm goes off at 5:15 a.m. the station is set to some guy talking about the economy – not my choice, the alarm is on my husband’s side of the bed. Anyway, this morning I awoke to this guy, (I have to find out his name) was talking about the failure of the 700 billion dollar bailout. He noted that in today’s economy there are five things you should do.
They are: 1) Buy stock
2) Stash away as much as you can in savings
3) Don’t touch your 401k
4) Don’t use credit cards
5) If you are looking to buy a house or car Cash is King!
I would like to add one more, that in my opinion would be a great investment on your part. That would be to get started in your own home based business so that you can begin to build a residual income so that you can walk away from what you are currently doing in the next three to five years and you could benefit from the many tax advantages of owning your own home business.
That way you wouldn’t have to worry about the state of the economy, oh sure you would be affected by it in some way, but you would definitely have the funds and cash available to buy the stocks, you could stash away as much as you like into a savings account, you wouldn’t have to touch your 401k, you would be able to use credit cards responsibly and if you were in the market for a new house or car, again you would have the funds available.
So get started today so you can stop worrying about your future, which by the way, is the only one you have control of.
If you are wondering where to go from here check out the project, I Theresa Giambrone, am working on with 20 other individuals and Coach Nadira Haniff, at the sites below.
http://www.180daystogreatness.com/
http://www.aforwardglimpse.com/
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1 comment:
Excellent information Theresa. Keep up the good work. We'll see you at the top.
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