Our favorite money tips for handling inflation issues, debt worries, home sale concerns and investing questions.
Say goodbye to one of the most volatile months in recent stock market history. I’m hoping things stabilize a little here, although we never know what’s in store for us down the road. We’re already hearing grumblings about how badly this retail season will perform over the next few months — and I pretty much expect it: I am beginning to hear more and more people from my own circle (friends, family, neighbors) who are complaining about feeling the financial pinch. And with people feeling like they don’t have the money to spend…well, I’m envisioning a tepid holiday season for retailers.
Our Favorite Money Tips from Previous Years
I’d also like to take this chance to look back at a few of my older posts from the months of September and October of previous years. I thought a few of them may be timely in light of what we’re experiencing today:
1. The Causes and Consequences of the Subprime Mortgage Financial Crisis: A year ago, I talked about how bad the subprime crisis is. I just didn’t realize how much worse it would get — is the worst over, or yet to come? I hope the next few articles I mention will help move us to a better mindset.
2. Save Money By Buying Replicas: When It’s Okay To Buy Fakes: Buying the right kind of “fake” should help you cut costs without skirting laws.
3. Stop Worrying About How You Got Into Debt and Start Focusing On How To Get Out: A wonderful guest post by the blog Paid Twice, that tells us how to get a handle on our debt issues.
4. Watch Prices Go Up: Interesting Facts About Inflation and 12 Ways To Beat Inflation: Don’t Let Rising Prices Get You Down: A two-part series where I share some of the basics of inflation and how to deal with it constructively!
5. Invest In The Stock Market Using These Investing Styles: Equities are on sale right now and if you’re going to invest, it’s much better to do it now than when prices are much higher. I share some of my own investment philosophies and some investing techniques I’ve used.
6. Why Your House Won’t Sell And What To Do About It: Granted, we’re in a tough real estate market and it’s harder to move houses. But hopefully these few tips may put you a little ahead of the competition (other home sellers).
7. 6 Financial Cliches That Can Make You Rich: Let’s end this list on a good note with a few tried and true concepts that can inspire us to financial success.
Our basic message is that we all try to think positive, even while things look discouraging.
I watched Charles Schwab on television the other day doing his own pep talk and addressing investors, and after hearing him out, I felt better. Yes it was pretty much a television commercial and it sounded like some kind of PSA, but that’s fine. The message remains true, and hopefully powerful enough for us to heed — hang in there, hang on tight, and await the recovery.
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