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.