Archive for June, 2009

Written by Gary Foremenstress

For many, this is the first time that they’ve faced a tough economy. They find themselves in unfamiliar territory. Fighting an unfamiliar foe.

They’re instincts are right. Some rules are different now. How the game is played has been altered. So it’s important to know what tools are likely to work. And, which ones are likely to fail. So let’s study some of the do’s and don’ts for surviving tough times.

Do plan for the future. In tough times it’s more important than ever to make plans. If you think that you could lose your job in six months, you’ll want to implement a plan that will allow you to have some savings ready six months from now.

Don’t worry about the future. Worry will not change the future. Nor will it give you an advantage in handling it. In fact, by adding to your stress level worrying will probably make you less able to handle any future crisis. Read the rest of this entry

millionaire mindsetManage money better. That is what these people wish they did. In the last post I wrote about four people who lost their millions after winning the lottery. Most of them won multiple millions and all were broke a couple of years after winning. This leads me to ask, what is not working? People think winning the lottery will solve their money problems; however, it did not work for these people. In fact, most of the people that win the lottery Read the rest of this entry

lotteryFor some the lottery is their solution to retirement. Others believe it is the only way they will become a millionaire in their lifetime. Winning the lottery is a dream held by far too many people in my opinion. An article posted on MSN Money shows that the reality of winning the lottery is more like a nightmare.

Here is an example of some of the people who lost it all:

Read the rest of this entry

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