I usually don’t get into the news, politics, or economics much here at Prime Time Money. There’s several blogs doing that well already and I just don’t have the knowledge or interest yet. Right now I try and stick to topics that are somewhat basic and timeless (i.e. saving, debt, and frugality). Hopefully in 5 or 50 years, you can look back on my articles and still find some relevant info.
Still, in light of this week’s economic activities I thought it was at least worth a mention. These are somewhat scary times, historically speaking. This year hasn’t been fun for my 401(k) balance, the interest earned on my savings, and the cost of normal expenses (groceries, gas, etc.). Will it get worse? I really don’t know the answer to that. I do, however, have high confidence for the long-run in US businesses, and mainly our people (i.e. you and me).
I’d like to share a quick video from Ramit of iwillteachyoutoberich.com. Ramit’s one of the reasons I started doing this blogging thing. In this video, 3 Tips For Your Money in Today’s Economy, he shares some common sense advice for the average person, and how to react during these crazy times. Three things I took from Ramit’s message:
- Save more money.
- Tweak your asset allocation.
- Stop worrying about macro-economics. Focus on YOU!
Thanks everyone. I hope you enjoy the video as much as I did. Have a great weekend.
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Good advice, thanks. I thought for people looking for a good place to save their money I’d let them know about ShoreBank. ShoreBank uses the money you save with them for green and social lending. I’m working with them to get the word out about their FDIC insured HYSA with 3.50%. For more, look here: http://shorebankdirect.sbk.com/
Great video, I am guessing this dude has a lot of other videos out there? I will look! Good stuff!
Excellent! So many people want to blame someone else for their own failures. I especially liked the part about “be good at your job” and “save a lot of money.” I bought a modest house (less than 1/2 of what my peers own) and I am not worried at all right now because my expenses are low and I’m not living paycheck to paycheck.
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