Good Moves in a Bad Economy

By Alan Myers

There is no disagreement about the sad state of our economy. And, the experts unanimously agree that it will, at some point, bounce back.

The big question is, what to do until then. Here are some good tactics.

1. Meet with your supervisor to determine what new skills would make you more valuable. Then come up with a plan to acquire them.

2. Consider an online degree or online certificate program which can make you a better candidate for a promotion, new job or career change.

3. Put together a professional grade resume and cover letter. Hire an expert to help you, if necessary.

4. Do not "panic sell" stocks or other good investments if you can afford to hold onto them.

5. Talk with your broker about regular...perhaps monthly...investing. Seek out bargains; they are not hard to find these days.

6. Reduce debt aggressively. Do whatever it takes to pay off all of your debts as quickly as you can.

7. Be a disciplined saver. You should have enough savings on hand to meet your needs for six months.

Adhere to these tips and you will make yourself financially bullet proof. Your goal should be to continually enhance your financial position, regardless of the economy. It can be done. - 23223

About the Author:

Alan Myers is an economics instructor and writer who contributes to websites on online degree programs and accelerated online degrees.