Over the last few months the financial news has been grim. In late
2008, while the federal government had not yet officially acknowledged
that the U.S. economy is in "recession," financial markets were
screaming headlines of "panic," "crisis," and even "Armageddon." When
even savvy investors like Warren Buffett and T. Boone Pickens are losing
billions in the stock market you know that things are getting crazy.
We
don't want to minimize the pain and suffering faced by many due to
circumstances beyond their control, but we don't want to give in to fear
and panic, either. Hopefully the new administration in Washington will
focus on helping the folks on Main Street rather than bailing out the
super-rich on Wall Street. Meanwhile, here are some practical self-help
strategies for navigating through tough economic times, maybe even
getting ahead:
Are You Prepared?