Protect Yourself and Your Finances During This Economic Storm If you've been watching the news lately, you might have heard the media celebrating the fact that American job loss was lowest in April than it's been since October of last year. I caution all of you not to break open the champagne just yet, unfortunately. The stabilizing unemployment rate was a bit skewed by the 72,000 jobs added to Uncle Sam's payroll. Keep in mind that roughly 60,000 of these new employees were hired on a temporary basis to work the 2010 census, but they'll be back in the unemployment line as soon as the gig is up. And besides, since government salaries are paid by taxpayers and the U.S. is already battling an enormous tax deficit and declining tax revenues, the new jobs will have to be funded by inflation. The bottom line is that more government jobs isn't a sign of an economic recovery -- it's a sign that we're digging ourselves even deeper into a bottomless pit that will ultimately end with the collapse of the dollar bill. It's not all doom and gloom out there, fortunately. There are steps you can take to protect yourself and your family in this uncertain economy. Americans are losing their jobs in record numbers, and while you're powerless to some extent, read on to learn how you can help safeguard yourself and your financial future. 1 Pay off bad debt Ideally, you have whittled your debt and monthly payments down to size, using any extra money you can spare each month to reduce them even further. Or better yet, you're debt-free and can sock a significant portion of your dispensable money away for the rainy days ahead. By the way, you may be wondering what I mean by bad debt. Basically, I'm talking anything that is unsecured and has a high interest rate. Yes, that vacation you charged last year and are now paying back plus interest counts as bad debt. No, your mortgage or car loans don't count. They are what I consider to be necessary debt as you need a roof over your head and transportation to and from work (unless you have access to public transportation, but that's another topic altogether). 2. Reduce your expenses. While you're eliminating bad debt, which is a monthly expense for your family, start cutting other unnecessary expenses as well. One way is to stop buying in bulk. What good are 500 rolls of toilet paper going to do you if you lose your job and, as a result, your home? You'd be better off scouring the sales and finding a good deal on a 24-pack of t.p. and saving your money. Cash is king, and it's better to have your reserves in cash than depreciating material goods. The bottom line is that you shouldn't stockpile on items for the future. Now more than ever, you should be living in the present. Buy what you need right now and save that extra $10 you would've spent on bulk items for whatever you might need next month. Most of all, from a biblical perspective, be content with what you have and stop trying to keep up with the Joneses. Now isn't the time to be making frivolous purchases. Sure, a new plasma TV screen would make a great addition to your living room, but that money could be saved as a cushion against hard times that can unexpectedly hit anybody at any time. How many groceries could you buy with the money it costs to buy a plasma TV? Quite a few! So until the economy makes it turnaround, hold off on those big purchases and build your nest egg instead. 3. Secure your income. Easier said than done, I know, but do whatever you can to make sure that your job is secure. Hopefully, you have done your homework and learned that your employer is in good enough shape to keep funding your paycheck in the coming months. You're doing your job to the best of your ability and offering to help in other areas as needed. Basically, make yourself as indispensable as possible. You should also consider avoiding unnecessary job changes that can lead to instability and job loss. After all, it's much easier for employers to can a worker who's been on the payroll for two months than one who's been contributing to the business for twenty years! Unfortunately, nothing will guarantee that you'll keep your job. This is one reason that many savvy investors build their own companies instead of seeking out high-paying jobs working for others. Many hard-working Americans have experienced the misfortune of unemployment through no fault of their own. The key is to do whatever is in your power to secure your income and keep putting money aside in case the unthinkable happens. 4. Keep a roof over your head. By now, you have likely made sure your family will continue to have a roof over its head by either 1) Deciding to stay in your home and using my action plan for saving it come hell or high water -- or, 2) Deciding to sell your home and rent an equal or better home for less. If you are getting behind on your mortgage payments, you may want to consider moving to a small apartment until you can get on your feet again. Part of the problem is that you must weight your options with your lender. Generally speaking, I believe you should stand your ground and try to work out a payment system with your lender to keep your current home. If you are being evicted due to non-payment, you will still need some money on hand to put down a deposit and first month's rent, so be prepared with cash. In today's market, most lenders will work with you as long as you are making some type of payment each month. The banks don't need any more bad debts on their books right now and are more willing to work with you than ever before, so take advantage of the situation before it's too late. 5. Protect your money in the bank. Make sure your money is in the safest bank available to you. Contrary to common belief, I recommend keeping some cash on hand at home and using smaller local banks for the rest of your money. Many of the local banks have managed risk well and are in better positions to hold your cash, so do your homework and ask to see the debt ratio at the bank you use or are considering using. Obviously, the lower the ratio the better. Fannie Mae was leveraged 100 to 1, which is a prime example of what not to do. Reduce or eliminate your exposure to plunging stocks and bonds, saving your portfolio and your retirement from further disaster, and ... Hedge against further losses in the value of your home and in investments you can't sell. Which leads us to number 6... 6. Make wise investments. Because the stock market is experiencing a government-inspired rally, now is the time to sell! Sell every soft stock you have and check out some of the alternative investments below that have stood the test of time. Physical gold and rare gems are good investments for economic hard times. But they aren't the only investments you might consider. Cash is king, at least in the short run until inflation kicks in and the dollar starts diminishing in value. Not sure about the best way to buy these items? Contact me to learn everything you want to know about alternative investments. Since the beginning of time, metals and gems have increased in value, making them the best safe haven and hedge against dropping currency in troubled times. Other investments, like Managed Future accounts, have been growing in popularity. Managed Future accounts are secure investments that allow professional traders use your money during business hours returned to you at the end of the day. The volatility in the current market offers day traders opportunities they have not seen in years. Right now, the stock market is not a buy-and-hold scenario for the savvy investor. If you are getting that advice, I respectfully warn that you may need to reconsider your financial advisor. More about Managed Futures: Integrated investment platforms improve profitability and better manage risk. You keep custody of your own funds, but let professional traders do the trading. Traders (which are highly regulated) have Limited Power of Attorney to trade the managed account only. Only you have deposit or withdrawal authorization. Returns typically average in the 20-30% range, even during shaky economic times like those endured in 2008! If your portfolio was down last year, you need to get into a managed account today. Don't quit your day job to become a trader; let the professionals do it for you. Your time is better used doing what you are good at and have a passion for, not pursuing a new carrier in this market. You can see that while the economy is dismal, there is still hope for a strong economic future. You just need to take a few precautionary steps to protect yourself and your finances, and then hunker down and weather the storm. This too shall pass!
10 Easy Steps to Succeed in Your Online Classes
Congratulations Youve made up our minds to pursue your upper schooling, and doing so online is how to pass if you have an interest in a versatile, studentcentered educating manner. Studying online permits you to pursue different pursuits and attend to different responsibilities whilst nonetheless operating your method towards some extent. However, it will now and again imply that its clean to get distracted. Here are 10 clean steps to verify luck on your online categories.
- Connect together with your instructors once conceivable.
Even in case you are doing smartly within the category, its extraordinarily vital to increase a rapport together with your trainer. When you do that early on, you temporarily understand what the priorities are within the route, what expectancies the professor has of you and youre going to be motivated to prevail, surer of whats forward and higher ready to do smartly with the impending subject material.
Valuable questions to invite your trainer come with the next
How versatile are you with time limits
How versatile are you with grownup freshmen
What applied sciences do you employ within the route
How to be had are you through e mail and different sorts of verbal exchange
How do you put up an internet neighborhood and what are the expectancies for participation in it
In addition, since instructors are to be had to lend a hand all over the classes, its all the time just right to have had private touch with the trainer early on. This method, when you wish to have lend a hand, its more straightforward to achieve out and get the help you wish to have.
- Confirm the technical necessities of the route.
Online categories can also be very advisable for college kids with busy schedules, however provided that they are able to simply get right of entry to the fabrics. It is vital to obviously perceive what the technical necessities are. So, ahead of the route begins or as quickly thereafter as conceivable, youll want to test that your pc will paintings with the entire online equipment, and that you understand how to navigate them. This will be sure that you dont must spend time all the way through the route attempting to determine the generation.
three. Create a time table and stick with it.
Quality online instructors create classes which might be clean to navigate and feature transparent expectancies. Having that roughly easytodealwith framework in position will make learning and succeeding that a lot more straightforward. However, although the framework and necessities of your category arent as transparent, youll create a time table and construction, which is able to very much fortify your probabilities of luck within the route. Using equipment equivalent to Google Calendar is a good way to start out. Knowing how your weeks and months glance and scheduling blocks of analysis time for each and every activity or module will will let you stick with a time table.
four. Ask questionsall the time.
When you dont perceive, ask questions. When you do perceive, ask additional questions. Instructors recognize scholars who take part, and if theres a participation or dialogue part a part of the grade, then asking high quality questions is helping guarantee your grade on this space. Even if there isnt a participation part, its all the time helpful to invite inquiries to remember to perceive the fabric and are transparent on what is needed of you.
five. Be arrangedand keep arranged.
Students whore taking conventional, campusbased classes most often have a constant time table to observe each and every week, through which study room instruction is adopted through assignments out of doors the category. However, for online classes, scholars will have to search out their very own techniques to stick on most sensible in their paintings. It is crucial that you just be arranged from the start of the semester with the intention to achieve success in an internet route. For instance mark task due dates on your calendar, discover a submitting machine for each online subject material and bodily subject material that is helping you stay monitor of the whole lot simply, and shed light on find out about schedules that duvet sections of the route one by one so youve got an arranged tactic to protecting the semesters subject material as you pass alongside.
- Have a blank, quiet, and constant workspace.
One factor online and inclass classes have in not unusual is that scholars all the time want a spot to review or whole assignments this is blank, quiet, and constant. You can select the place that is for youwhether or not its at a espresso store, a college library, a devoted place of business, or at house. Wherever you select to review and whole assignments, you must make it a constant location that doesnt have out of doors distractions. It is basically key that where is quiet and lets you focal point in your paintings with out distractions.
- Do no longer procrastinate.
Successful distance freshmen hardly procrastinate. They dont do away with assignments or wait till the final second to write down their papers. Successful online scholars experience freedoms that come with operating at their very own tempo and the facility to finish their paintings in as a lot time because it takes them. On the opposite hand, they know that finishing their assignments is best performed early and on time cramming merely doesnt paintings, and it doesnt will let you retain knowledge longterm. Get began early on getting a success.
eight. Work in your studying comprehension.
Successful distance freshmen generally tend to have just right studying comprehension abilities. Most conventional, campusbased scholars concentrate to lectures and take notes, and a few online classes additionally require this. However, the vast majority of distance freshmen are anticipated to grasp subject material thru a large amount of studying. Although far finding out classes be offering video recordings and audio clips, maximum systems require scholars to hide and grasp a considerable amount of written knowledge. If it is a problem for you, it could be very useful to first sign up in a studying comprehension route there are lots of assets online that will help you do that. This ability by myself could make a huge distinction on your luck.
nine. Establish and admire routines that be just right for you.
If, for instance, youre employed best within the morning or in brief bursts, then set find out about routines that can help you find out about within the prelunch hours when your mind is contemporary. If, then again, you do best through learning at evening or at the weekends when youll devote nightowl hours or longer blocks in your learning, then make it some degree to take action. Consider how and whilst you paintings best, and enforce a find out about plan that respects the routines that be just right for you.
- Connect together with your friends.
Establishing sturdy connections with friends and professors is a very powerful facet of tutorial luck, in addition to skilled development. One of essentially the most rewarding reports in schooling is finding out thru collaboration. Forming significant relationships together with your friends and professors can can help you be told extra, keep motivated, and feature an outlet to specific your personal working out of subject material. So, keep attached thru message forums, chat rooms, e mail, and different digital assets. And take note lots of the other people you meet in faculty shall be conceivable process assets down the road so determine connections and keep in contact
Florida National University gives a wealth of tutorial and professional online classes. Check out the entire choicesyour long run is ready
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