Business & Finance
Almost everyone lost money in the stock market during the 2008 Economic Crash. However, the worst thing you can do is pull out of market now and take the loss. I think, it is better to invest more money now but what and where to invest is the key since not everyone and every company is going to recover from this crash.
Analyzing the Situation:
Obama’ Stimulus plans has passed the House and Senate to work its way through economy. The plan is designed to boost the economy, help home owners, college students and unemployed.
Taxes: You can expect to see around $13 extra in your weekly paychecks, or $26 in your biweekly paychecks starting around June. This is a part of new $400 tax credit to be rolled out through the rest of the year. Couples would get up to $800.
Most people lost almost 50% of their account value in their retirement accounts. It will take 5 to 10 years for us to gain that money back if our strategy remains the same. However, we can analyze the current situation and change our strategy to boost our retirement account value.
Analyzing the Situation
High interest rate credit card debt is problem for many people in the world. You can break free from paying interest and owing thousands of dollars by following few steps. Let’s assume you have $12000 on your credit cards: $6000 on Bank of America Card and $6000 on Citi Card.