The stock market is still very shaky. In fact, recession or not, the stock market will always be shaky. Hence, investing on stocks is a gamble. I have heard stories of many who made it rich overnight, and went on bankrupt the following day.
Here are some practical tips from Suze Orman, a renowned finance expert, that you might want to consider:
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Money Management 101
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Not all may have probably noticed it. Nevertheless, after the holiday season, the price of gasoline is steadily climbing by the cents.
“For six days in a row, drivers have been paying a few more cents a gallon than they did before Christmas. The change has been almost imperceptible for drivers who remember prices soaring above $4 a gallon last summer.Most of us have been using less of our cars to cushion the impact of fuel costs. I suggest that you continue doing that; because at the present rate of increases being affected that we seem to hardly notice and the ongoing war between Gaza and Israel, we are not still seeing the worst these recession is bringing. There is no reason to be complacent now. In fact, even during good times, our lifestyle should still reflect frugality.
But if the price of gasoline continues rising, it may become another headache for consumers worried about their jobs and the dropping value of their homes and investments.” (read full story here)
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Finance Business News
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