Financial wisdom and success starts with individual responsibility. The U.S. Government recently committed $85 billion to prop up AIG and another $700 billion to bailout other failing financial institutions. However, it isn’t likely that anyone is going to come to your financial rescue. If this is the bus you are waiting on, then you are likely to be standing there a long time.
Hard Times Ahead: How To Survive When The Going Gets Tough
You would have to live under a rock to believe that things aren’t going to get worse before they get better. I’m not one to go around telling everyone the sky is falling and that’s not what I’m doing now, but we all might have to cinch up our belts a notch before this financial crisis is over.
We are going to pay for these mistakesBack in April, I …
Read more »Subprime Mortgage Crisis Is Going To Cost Us Money
I saw an article this week on CNN Money with the headline 70% of subprime borrowers aren’t getting help. I do not get this. The whole situation is ridiculous to me. Why should people that took out subprime mortgages expect help? They took out a loan that they can’t afford and the obvious result is now occurring. Apparently, the number of delinquent subprime loans is growing so fast …
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