Finance Q&A: Will the Economy Ever Improve?
- Monday, May 06, 2013
In June of 2005, when my first book, The Art of Debt-Free Living came out, it was the height of the real estate market. I wrote a practical book about how to safeguard your family’s future security. As I was writing, the signs of the real estate bubble were evident. People that heeded the warning signs of a real estate bubble were a lot better off than those who did not.
Now there are signs that economic fundamentals are becoming worse. According to a recent Safe Money Report, there are “warning signs of a new bubble. The banks and Federal Government are way over their heads.”
What can you do?
1) This is an important time to get your financial house in order. Re-evaluate your finances, for it’s likely that growing inflation will affect us even more. Plan your investments for these times.
2) If you have money in a weak bank, move it to a bank with a good rating. Check Weiss Ratings for the latest ratings at www.weissratings.com.
3) Find ways to become more self-sufficient and less dependent on the U.S. Government for benefits and help. Too many people today are living by the motto “In Our Government We Trust” instead of “In God We Trust.”
Prepare and plan for the future.
Copyright 2013 Deborah Nayrocker. All rights reserved. Permission to reprint required.
Deborah Nayrocker writes on personal money management topics, showing others how to take control of their financial future. Deborah is the author of The Art of Debt-Free Living and Living a Balanced Financial Life. Her website is www.ArtofDebt-FreeLiving.com.
Publication date: May 6, 2013
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