Todays Economy

These are supposing to very hard times when it comes to money and the economy. Companies are cutting jobs to reduce expenses; and worst of all families are living pay check to pay check. The good news is while others cry during the storm others are finding ways to endure it. Everything starts with knowledge, and if you don’t have the right information how do you know you’re moving in the right direction. I will give you the reader some tips and advice on how to get ahead, so if you’re tired of surviving and ready to succeed keep reading. Great let’s get started.

The biggest worry many people face today is whether or not there safe at their current job placement. The auto & manufacturing industries are cutting jobs at record paces, and the global economy is poor. The top 5 recession proof jobs according to Time magazine are:
1. Computer Systems Analysts
2. Network Systems and Data Communications Analysts
3. Network and Computer Systems Administrators
4. Registered Nurses
5. Teachers, Postsecondary
Other goods jobs to work are the essential services such as emergency, and the medical field. If you have a good financial game plan these jobs should take care of your needs. What about retiring early and have the free time to spend with loved ones? If this is your number one concern and objective in life then starting a business part-time would be a good idea invested in your wallet. A part-time business would not only put extra money into your pocket, it would both stimulate growth in the economy, and give peace of mind that if you lose your so called secure job then you got something to possibly fill the gap. Whether you’re an employee type or an opportunist, these are great ways to fight through rough times.

Another area of concern that people need to take more serious is that people and many families are living pay check to pay check. They use all their money to pay bills and to keep up with other basic living expenses like food and entertainment we find ourselves running our savings dry. For some that doesn’t even exist and we end up carrying an extra line of credit along with a few credit cards to fight through the rest of the month. No one deserves to be in this position but let’s be honest to the body in the mirror something needs to be done. First thing that you should do is find a worthy financial planner that will educate you on your all around situation, and show you how to pull out of it. Second is you need to build back your savings; start by taking at least 10% of your pay check, then take what remains and pay your bills. A good idea is to set up an automatic withdrawal so it comes natural and you won’t cheap yourself out of financial security.

I hope I was able to shed some light into one person’s life on these areas of concern. If people act now this can be a market with great opportunity to make generational wealth in the time is always better now because starting tomorrow is always too late. I will be talking more in dept to follow up with this topic further in the future, but for now start building your plan for a better for a future because if your slow to move then your quick to lose.
Resources http://www.time.com/time/business/article/0,8599,1858773,00.html