Trouble Times

Most Americans are having arduous times in trying to have a good and stable standard of living. People have to change, conserve, and save on what they spend to survive. It is pretty ironic that the Great Depression of 1929 ended when we went to war, and now war had some part of this financial disaster. There are many opinions on how the government is treating this crisis. But we, as Americans, have to remember that we say what the government should do. We really need to think and do what is beneficial to us. It's always what we WANT. But, that's how we got here in the first place. We got too greedy and kept going over our means. There is no one person that could fix this. We started this mess, We should help one another and fix this economic downturn ourselves.

I found some tips on Black Enterprise on how to keep ourselves on the right track for a great financial future. Hope this helps.

The 10 Wealth for Life Principles:

1) I will live within my means.

2) I will maximize my income potential through education and training.

3) I will effectively manage my budget, credit, debt, and tax obligations.

4) I will save at least 10% of my income.

5) I will use homeownership as a foundation for building wealth.

6) I will devise an investment plan for my retirement needs and children’s education.

7) I will ensure that my entire family adheres to sensible money management principles.

8) I will support the creation and growth for minority-owned businesses.

9) I will guarantee my wealth is passed on to future generations through proper insurance and estate planning.

10) I will strengthen my community through philanthropy.