Missed Fortune Super Blog

A Savings Vehicle That Makes All the Difference

Happy New Year! Top 5 Financial Tips for 2009!

Posted on | January 1, 2009

Happy 2009! Let’s steer this big financial ship around! Here are 5 financial tips for this New Year…

#5: GET OUT OF DEBT: There are many ways to rid yourself of the shackles of debt.  Always go after your high interest debts first. Go after bad debts first such as credit cards, store cards and high interest auto loans. Attack low interest debts last such as student loans or low interest auto loans. Beware of what you thought might be “bad debts” such as your home. We view homes as assets not liabilities find out why in Missed Fortune 101.

#4: BEWARE OF THE DAMAGE TAXES CAN DO: True your retirement accounts can look good after time but just remember that 50% of that account is not yours, it’s Uncle Sam’s. So retirement is still years away! Why not do the sensible thing and look for a retirement vehicle with little or no tax liability?

#3: IS YOUR INVESTMENT EARNING A RATE OF RETURN?: How many of your accounts are worth what they were this time last year? A new client to our firm came to us after losing more than 70% of his previous retirement account. Why did he contact us? Because none of our clients have lost a dime in their current retirement accounts

#2: HOW SAFE IS YOUR INVESTMENT?: With banks closing their doors or well known financial guru’s being exposed as conmen you need to ask yourself “How safe is my money?” Why not put your money where is will be safe today and when you need it years later?

#1: CAN YOU ACCESS YOUR MONEY IF YOU NEED IT?: Today access to liquid cash is now more important than ever! Many headlines in the news today of people losing their homes or business closing for good can be pointed at one major issue they have all ignored; LIQUIDITY! Can you access your money in your retirement accounts in case of an emergency or to prevent you from losing your home?

So let’s leave the bad financial memories of 2008 behind us! Make 2009 a year of fiscal responsibility and fiscal success!

Happy New Year!

Related Articles:

*Life insurance policies are not investments and, accordingly, should not be purchased as an investment

Be Sociable, Share!
  • more Happy New Year! Top 5 Financial Tips for 2009!

Comments

Leave a Reply






Warning: Unknown: open(/home/content/36/3927036/tmp/sess_ohb4e87icdv1uvv1l96m5294u4, O_RDWR) failed: No such file or directory (2) in Unknown on line 0

Warning: Unknown: Failed to write session data (files). Please verify that the current setting of session.save_path is correct () in Unknown on line 0