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Friday, February 27, 2009

And the Media says....

As I was reading the news, one article cut my attention and this is what they have to say.

In order to survive this recession, you need to...

KNOW IF YOU CAN AFFORD IT?

If you can't pay cash for an item, you probably can't afford it.

Do you need something? Consider going to a second hand store to purchase some new clothes, handbags or shoes. Look at eBay.com for deals.

KNOW HOW MUCH INTEREST ARE YOU PAYING?

If you are paying interest and not collecting interest, you are helping someone else.

***Consider this - your credit card debt may be $5,000 at 18.9% interest.
If you pay $100 monthly it will take you 37 years and 4 months to pay off your credit cards. You will pay $14,435.34 in interest.****

Americans have on average $9,200 in debt.

STOP THE DEBT CYCLE

*** Other than buying a house within your means.***

If you're charging groceries, consider going to a food bank, or clipping coupons.

If you're charging gas, consider a carpool or public transportation.

If you're charging vacations, consider staying closer at home during the tough times.

TIGHTEN YOUR BELT, BEFORE YOUR PANTS FALL OFF

Gas is unpredictable.
Banks are failing.
Expect more lay-offs as businesses look to cut corners.
Real estate market and mortgage lenders are facing tough times.
Stocks are dropping.

We'll bounce back (or so they hope), but times are just a little tough right now.

LUCKILY, THERE IS A BETTER WAY....

My wife and I have been involved with a wonderful company called USANA. for the past few months. We have learned about our health, our finances and our time. We enjoy time leveraged income that we could not have enjoyed before.

If you are ready to take control of your financial future, contact us.

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