We’ll it’s upon us. The economic downturn of our generation. As with every economic event there are opportunities.
The first thing we need to remember money is not happiness. Most of the serious happy people I know don’t have much. And most of the ultra-wealthy I know, people that are worth more than 10 million dollars, are pretty miserable. Even a bunch of people I know that are making over $250,000 a year are not happy either.
If you are not happy I have advice for that too. But not here
If you have a lot of money there are so many bargains. I’m not a licensed stock guy or real estate guy so any advise I give on particular stocks or property don’t hold any weight. And I believe if you are going to put any money in Stocks you are looking at 5 to 10 years before you are really going to make your money. None of the options I see for investing money are short term. This is not the time to save. This is the time to spend on investments for the future. Just look at the housing market. Almost everthing is down.
For those of you like me with very little money, do what you can. Invest $50 a month. Learn how to invest. Lots of the those licensed guys have free advice too.
But I do have advice for those of you who can’t pay all their bills, or all the credit cards you maxed out while you thought the stock bubble, housing bubble, oil bubble or what ever other economic bubble you thought would last for ever burst and left you with a bunch of unsecured debt.
Most Creditors are willing to make deals, but you need to know how to get them to deal.
I am intersted in how many people would be willing for some free advise one that?