Good Moves in a Bad Economy

By Alan Myers

There is no doubt about it; our economy is at a thirty year low. Luckily, virtually all of the experts conclude that an economic comeback is not more than a few years away.

The big question is, what to do until then. Here are some good tactics.

1. Ask your boss what new skills would improve your value to him/her. Then, immediately begin to develop them.

2. Enroll in an online degree or Online certificate program which will give you the edge over people in your profession against whom you may find yourself competing.

3. Put together a professional grade resume and cover letter. Hire an expert to help you, if necessary.

4. Don't dump good stocks or investments just because they have temporarily lost value.

5. Talk with your broker about regular...perhaps monthly...investing. Seek out bargains; they are not hard to find these days.

6. Be aggressive about reducing debt, including car notes and mortgages.

7. Be a disciplined saver. You should have enough savings on hand to meet your needs for six months.

These simple strategies will not only help you survive tough economic times, they'll help ensure you a strengthened financial position long after the economy has recovered. - 23212

About the Author:

Alan Myers is an economics instructor and writer who contributes to websites on online degree programs and accelerated online degrees.