Survival Strategies To Make Your Family Recession Proof

I am hoping this blog entry will arm you and your family with some recession proof ideas that you can easily implement. Have you heard? Are we going in to a recession?

  • unemployment is going up
  • consumers are afraid to spend money
  • Stock market is going hay wire
  • Value of homes are declining
  • Depression is on the raise

We are here to encourage you not to go and get a pill to eat to swallow your fear. We don't want you to numb out and watch violent movies. We want you to do a reality check OK. Scieintific america says that there are 10 % of the population that is suffering from depression. We are here to tell you don't worry. By subscribing to my feed, hit the orange button under the headline syndicate and we are going to give you amazing coping strategies. Not only will we tell you how to keep your home, your job, keep increasing your net worth. Keep coming back and we will share with you how to get off the fear track and onto the prosperity track

First step – Eliminate your Debt load

I know that sounds obvious. The best way to not be at the mercy of your creditors is pay down your credit card debt, and any other high interest debt you may have. Have you heard of cutting discretionary spending. That means instead of planning a vacation to maui or the carribean maybe everyone should get their camping gear out and go camping. There are some camping sites all over America that is free. Some folks will defer paying off credit card in favor or putting more money in stocks or mutual funds. What if the stock or mutual fund portfolio does not pay off. Unless you are a savvy day trader of have inside information. IT is hard to stay abreast of what stocks to buy. Many investments can yield low or no returns this year. Pay off those credit card balances. If you happen to have an emergency fund, think of even taking it out to get rid of all credit card debt. You may be scared to do this in a shaky economy. You are saying what if I lose my job. In the upcoming months I will share with you how you can have a work at home business and how it can be more satisfying than having a job.