At an event in Simi Valley, California on the 20th, Treasury Secretary Paulson was asked when the economy was going to hit bottom. Essentially, his answer was “Its not my problem, I don’t know.” While Paulson is being careful in not providing a specific timeline, given the state of the economy the response is far from heartening. Check it out for yourself below.
MANAGE YOUR MONEY TOGETHER
Here are some simple guidelines for DINKS to build wealth:
1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.
2) Understand and respect your partner. Take time to understand your partners values about money.
3) Watch the numbers. Get a budget, monitor your spending and track your net worth.
4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.
5) Invest in stock. Stocks perform better than bonds or cash.
6) Avoid high interest debt. Credit cards and title loans are financial cancer.
7) Diversify. Don't put all your eggs in one basket.
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