Hawaii 2010

This is a Flickr badge showing public photos and videos from Don in AZ. Make your own badge here.

Saturday, September 27, 2008

Things Not to Do in the Financial Crisis

Do Not Bail Out- It turns paper losses into real ones- stay the course

Do Not Stop Saving- Dollar cost averaging works and will continue to work

Do Not Speculate- trying to make a quick buck when things are down usually costs you

Do Not Take on New Debt- economic downturns are times for conserving

Do Not Stop Living- be frugal, postpone when you can repairs, but you must live.

Do not let worry and fear master your emotions and hopefulness.

The first five of these are borrowed from Consumer Reports, the last is the advice I am taking spiritually. God is with us.

No comments: