There has been a lot of chatter in blogsphere and media about how to protect yourself against the current choppy economy. I’ve contributed to this as well, but in the interests of transparency, I wanted to tell our readers what we’re doing to adjust to this recession.
That’s right, we are doing nothing to adjust our personal finance because of the recession. We aren’t buying bonds, looking into beaten down stocks or buying shares on international markets.
What we are doing is sticking to our plan. Paying off our second mortgage and socking as much as possible into our retirement accounts. Why? For me, its really a matter of faith. I believe that the American economy will recover in due course and that our investments are sound. Also, more realistically we don’t have a lot of excess cash, and having fewer resources means its easier to stay focused.