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Surviving The Aftershock - Recovery From an Economic Earthquake
Surviving The Aftershock Recovery From an Economic Earthquake Author:Crown Financial Ministries Earthquake, the shear utterance of the word make us cringe. We conjure up thoughts of disaster, despair, and distress. Many of us wouldn t know what to do if it happened to us. The same devastation and destruction could happen to us financially speaking. Since 2008 the United Sates and much of the world has been reeling from what many are callin... more »g the Great Recession. The recovery many say we are currently in is from the second worst financial down turn in our country s history. Only the Great Depression caused a wider economic effect on the US citizen. Now we must brace ourselves by building a more study financial future. Surviving the Aftershock is written with this specifically in mind. We want your future to be brighter tomorrow than it is today. With proper planning not only will we make it though any economic aftershocks we also will be better prepared for the next economic earthquake. When using the guidance from this book you will develop a defensive plan to reduce your risk and spending, and an offensive plan to help build reserves and allow the system work for you. The process begins with chapter 1.The purpose of money in your life 2. Defensive Move #1 Get rid of all consumer debt 3. Defensive Move #2 Pay off your house as soon as possible 4. Defensive Move #3 Protect your job 5. Defensive Move #4 Develop a savings lifestyle 6. Offensive Move #1 Diversify your investment portfolio 7. Offensive Move #2 Understand mutual funds 8. Offensive Move #3 Understand how to invest in stocks 9. Offensive Move #4 Understand other types of investments 10. Planning for retirement 11. Fulfill your responsibility as a citizen 12. Leave a lasting legacy 13. Prepare now for the future Appendix I: How to avoid foreclosure Appendix II: How much is enough Appendix III: Twenty reasons why you should invest in mutual funds, by Austin Pryor. Once you have taken these steps, aftershocks and earthquakes will concern you but no longer frighten you and your family. You will have a future that only a few have today. Let s build up this new future together and perhaps the world will take notice and make a few changes as well.« less