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Personal Finance Ideas for 20222

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 * HOW TO PREPARE FOR A RECESSION
   
   Let me say up front that I don’t know when the next recession will begin.
   They say you only know a recession happened after the fact because there must
   be 2 quarters of lost productivity. Most recessions are short enough that we
   get through them without much suffering. But everyone alive now remembers the
   Great Recession. That was a really rough time for my family. Three of us were
   out of work for a few months. When you run into financial problems they say
   you should turn to your family but that wasn’t an option for us. We had to
   look for other ways to get by. Not long ago…
   
   read more
   
   


 * A CASE STUDY IN ENTREPRENEURSHIP
   
   If you want to become an entrepreneur it helps to study the careers of
   successful entrepreneurs.  Some of the best-known entrepreneurs had help
   getting started.  And though we can certainly learn good business lessons
   from them, we want to pay special attention to those people who managed to
   launch successful businesses without the advantage of a helping hand. You
   have to create your own advantages by building networks of reliable contacts,
   gathering resources, even arranging financing.  But you also need a
   rapid-fire business plan.  The critical component to the success of any
   business is cash flow.  You need to keep the money coming in faster than it
   is going out.…
   
   read more
   


 * HOW SOPHISTICATED SHOULD YOUR INVESTMENT TOOLS BE?
   
   If you are a day trader or an active investor you probably don’t need to read
   this article.  Seriously, you probably use a lot of software gadgets on some
   electronic trading dashboard that shows you the markets you are interested
   in, tracks stocks and commodities, and helps you set your limits.  You’re
   set.  Go make your millions of dollars. As for the rest of us, let’s face it:
   we are terrible at analyzing markets, market trends, and figuring out where
   to put our money.  If you dream of being like Warren Buffett you are probably
   many billions of dollars in value short of realizing that dream.  But though
   we cannot…
   
   read more
   
   


 * WHAT ARE THE BASICS OF PERSONAL INVESTING STRATEGIES?
   
   Have you ever heard anyone say, “Insurance policies are not investment
   instruments?”  Or have you wondered what the difference is between a 401(k)
   retirement plan and an IRA retirement plan?  Most people don’t really keep
   all these things straight, but there are also many conflicting opinions out
   there.  Here is a quick run down of pros and cons for investment tools
   available to the average individual (we don’t need to worry about where
   wealthy people put their money). And we should also note that these are the
   investment tools available to most Americans.  Opportunities may differ from
   country to country, so this is by no means an exhaustive list of…
   
   read more
   


 * SHOULD YOU USE PAYDAY LOANS OR OVERDRAFT CHECKS?
   
   Let us talk about the elephant in the room: you need more money in the short
   term than you have.  Maybe you have an unexpected auto expense, medical bill,
   or perhaps one of your pets was injured.  Whatever the case, you don’t have
   enough money in savings, cannot borrow what you need from friends or family,
   and have no available credit to work with.  Maybe your cards are maxed out or
   you cut up your credit cards. The payday loan problem has become a matter of
   national concern.  These predatory “loan” companies pile on so many fees and
   such high interest rates that they manage to keep as many as…
   
   read more
   

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RECENT POSTS

 * How to Prepare for a Recession
 * A Case Study in Entrepreneurship
 * How Sophisticated Should Your Investment Tools Be?
 * What are the Basics of Personal Investing Strategies?
 * Should You Use Payday Loans or Overdraft Checks?


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