20 Personal Finance Ideas for 2009
I just read an article by Ben Steverman posted on MSNBC which listed 20 personal finance ideas for 2009. The ideas were compiled after BusinessWeek asked several financial planners for advice for the new year. Here is the list.
- Don’t try to predict the future.
- Do keep enough cash available.
- Do invest internationally.
- Don’t try to pick one winning investment. Diversify.
- Do think about energy efficiency.
- Don’t stop contributing to 401(k) and other retirement accounts.
- Do live below your means. Save.
- Don’t make sudden moves.
- Do pay off expensive debts.
- Don’t give up on stocks.
- Do track your spending.
- Don’t pay high management fees.
- Do review your credit reports.
- Don’t follow the herd.
- Do write down an investing plan and budget, and stick to them.
- Don’t forgo necessary insurance.
- Do check out your financial adviser.
- Don’t invest in anything you don’t understand.
- Do make sure safe investments are actually safe.
- Don’t take more risk than you can handle.
For the complete article visit http://www.msnbc.msn.com/id/28315022/
Dec 25th, 2008 at 12:30 am
Nice writing. You are on my RSS reader now so I can read more from you down the road.
Allen Taylor
Dec 26th, 2008 at 1:31 pm
Thanks Allen, I’m glad you are enjoying my blog.
Mar 13th, 2009 at 2:50 pm
Great Blog!
Mar 25th, 2009 at 8:23 pm
Diversifying your investments is a good way to lessen risk. But always remember to do research and learn as much as you can before investing in anything. And as the list says, don’t invest in anything you don’t understand.