Solutions For Families Trying to Cope With the Current Economical Financial Crisis For a Better Life

The worldwide trend and financial market has put families at all levels of the economic spectrum at risk of disaster. They need to look more carefully at their spending habits or risk financial ruin, bankruptcy or the loss of their homes.

It has been a long time since the world has seen a financial crisis like this but people survived before and can survive this one again. By looking at your spending and by being willing to help your fellow man, neighbor, people in your immediate neighborhood and beyond, you can create a better and sustainable life.

We need as a population to go back to some old ways of helping, sharing and giving instead of the current way of thinking that we can do it all ourselves. The “I’m alright on my own” attitude that has ruined a lot of society and given out the “I must have more than my neighbor”, “dog eat dog” attitude that so many have, must give way to thinking about better ways of improving everyone’s thoughts of how we perceive others around us, as well as those in other parts of the world who are less able to help themselves, due to war,famine, genocide and starvation.

We really need to sit back and realize how lucky we are and give thanks for that.

This must begin at the grass root level which is in the home, all members of the family pulling together by lowering their expectations of material belongings. This does not mean going without, it just means if you have a particular thing or item that does the job that you don’t need a better one.

It may mean turning off the television and going back to some good old family time together, this can be just good old family discussions, playing games, listening to music – just finding common ground and interests that can flow into weekend activities that are low cost or better still no cost at all. There is still plenty of fun things to do without spending money all the time, just look around and they will be there for you to be found. Kids may not like it at first but they adapt quickly and lower their expectations too.

Look at everything that you have and sort out what you don’t need and instead of just throwing it away look around and see if someone else may be able to use it, many good use able items can improve the lives others who cannot afford to buy them. This can be done in ones immediate neighborhood or donated to disaster relief and appeals to help a particular family in need. All items are always welcome and include, clothing furniture, records, C.D.’s, superseded working computers, children’s toys, books, education materials as well as many other things like non perishable food items.

In your immediate surroundings people can go back to sharing anything that they may have an abundance of. An avid gardener may have produced more than he or she can eat, a fisherman may catch too many fish. If you find yourself in this situation, just have a look around and see who you can share with, they will be more than grateful with a helping hand and will be the first to share any abundance they have with you.

Many communities survive on this sharing system and it has always worked very successfully, it has always been more prevalent in rural areas where costs are high due to high transport costs for goods and came out of necessity for maintaining an acceptable level of living and because many different individuals produced many different varieties of goods.

Everything can be shared this way even if you think you have nothing to give. Some people babysit for others if they have nothing in a material sense. Others might help an elderly person start a small vegetable patch or others may decide on getting others to help start a community garden which is a good idea in large towns and cities where all land has premium value and house plots are small. All these things increase ones awareness of others and helps bring back dwindling community spirit.

So as you can see, many avenues are available without even mentioning money, we all have skills that will help someone else who does not possess that skill. Our lives can be enriched, just by sharing and giving our time to others. Karma or “what goes around comes around” is certainly very evident in these communities.

If you are fortunate enough to have money to share, it doesn’t matter how much or how little that is, so much good will come out of that as it can be sent to places far and wide to help others get on their feet and become sustainable in their own cities, towns and villages.

Times are changing and where some governments are succeeding, many others are failing. It is time that all people go back to not relying on governments to rescue them and look around, get started and others will follow. Very soon these communities will spread and good old fashioned giving and thinking about others will create abundance in everyone. The time has come with people thinking about the future of the world as it is to maybe look back and find the success stories out of the past that we can learn from. Life and life experiences are the greatest teacher of all.

Is the unknown time from the end of the Mayan calendar that finishes on the 21st December 2012 going to be our Utopia. Time is of the essence to find this out, as the world as we know it, is going to change. Do you want to be a part of it?

Was the Timing of The Age of Aquarius, that is here now, our warning to start to create this change?

There is still time to be a part of that change but it has to start NOW, every little bit helps and can be achieved – one step at a time.

Do your part to be an instrument in CHANGE and make this world a better place for all to live.

Patricia Evans

A Deep Recession in a Global Economy

Fear and emotion are the rule every day in the global financial markets. We have seen shock and awe financial bailout plans, the overnight consolidation of many troubled financial services giants, and a liquidity crisis that impacts markets across the globe.

In Germany, the collapse of the rescue plan for Hypo Real Estate may mean a disaster in that country similar to the recent bankruptcy of Lehman Brothers in the United States. Also, consider that in the Netherlands, Ireland, and Greece, bank rescue has become the order of the day while Iceland is in the middle of an economic meltdown.

Recently, South Korea urged banks to sell foreign assets to raise dollars and promised to use its currency reserves to shield lenders from the financial crisis engulfing the United States and Europe. Meanwhile, National Australia Bank continues to lose value due to worldwide concern about the resilience of the financial system and China’s economy will not escape an economic slowdown if its exports are hit by this widening world recession

The United Kingdom has just announced the details of a £50bn rescue package for its banking system. The bailout includes a proposal to use taxpayers’ money to invest in banks. This plan was two weeks behind the bailout plan in the United States and financial stocks in the United Kingdom crashed due to the plans delay.

The truth is that bad mortgage loans have been bundled and sold to banks in every country in the world. So, nobody is immune from this mortgage crisis and economic contraction in this age of globalization. It is a global reality that international leaders do not seem to understand.

The problem is that this is the first deep recession in an increasingly global economy. So, the actions of each country need global coordination. Indeed, there is a real need to attack this economic crisis with international unity and cooperation. A unilateral approach to the crisis will not be effective and will make this downturn last much longer.

Already, the dubious result of handling a global economic recession without coordination can be seen in Germany and Ireland. Ireland announced that it would insure bank savings while Germany (Angela Merkel) decided it would not. The next day, with money pouring out of Germany toward safer harbors, the country then decides to reverse itself and insure bank deposits.

Of course, the European Union has criticized these unilateral moves by Ireland, Germany, Denmark and others to guarantee bank deposits. The real question is what were these countries suppose to do? Should they wait for a run on their banks and slide into the economic abyss? The European Union should have acted more quickly and with better leadership in this global economy. There also should have been much better coordination from Europe with the actions of the Treasury in the United States as well.

In America, the Dow Jones Industrial Average is down about 40% from its all-time high. Since the financial markets have now lost more value than the average bear market of 28%, it is safe to assume that the country is in the middle of a deep recession or maybe something even worse.

However, as global markets continue in a free fall, and well known financial pundits tell the average investor to get out of the financial market since it may fall by another twenty percent, it is important to understand that the country is not going to go bankrupt.

The problem is that in the near term it may not feel that way on Main Street in America. The unemployment rate could increase to around eight percent, and many good people will lose their jobs. Inflation will eventually escalate and many small businesses will close for good. Meanwhile, a lack of spending on non-discretionary items this holiday season will make for many long, bleak days in the retail industry.

However, it should be understood that economic recession cycles are a normal part of living in a world of inexact balances between supply and demand. This may well be a deep recession, but remember the words of John Rockefeller after the stock market crash of 1929. He said; “These are days when many are discouraged. In the 93 years of my life, depressions have come and gone. Prosperity has always returned and will again.”

It took awhile but he was right then and his words will prove to be correct about this current financial crisis once again. It’s a deep recession in an increasingly global economy and international economic cooperation is the best formula to bring it to an end.

Economics for Beginners – Learn the Most Important 5 Tips to Finance Your Online Economics Course

Gone is the time when you might get away with any kind of simple education. The world market is really competitive. You’ll be left behind or overtaken if you don’t have a great academic background. Online academic plans help you to keep in the competition without taking time off work.

However, economics online school education is still a challenging activity. This is a crucial element and it’s capable of determining the failure or success of your academic program. If it’s not correctly planned and executed, you’ll be wasting your time, effort, and losing your money.

Below are five suggestions on how to finance your education on the web:

1) Consider less popular scholarships

Nowadays, several different kinds of scholarships are accessible for online students. It’s quite simple to finance your online school education through scholarships if you’re a single parent, police officer dependent, etc. A little bit of constancy and smart search for this kind of scholarships online can help you find the correct one for you.

2) Secure students loan

Student loans are a good help in case you plan the complete process with precision. These kind of loans are really easy to obtain. The repayment period of time begins only after six months of completing the course. The interest prices are usually much lower compared to other loans. The loan score required for securing student may also be achieved without problems.

3) Bank on grants

Grants are a good way to finance your online training course. Numerous grants can be found now. To make things easier, there are need-based grants. This indicates the lesser cash you’ve to use, the greater may be the grant amount!

4) Impress your boss

This is perfect for individuals who have proved their mettle in their workplace. If you’re able to make your boss known that an extra level is required for you to eliminate your tasks successfully, he/she will be more than satisfied to fund your online training lessons.

5) Discover additional options

These aren’t the only ways for you to finance your online school education. Equity credits, credit cards, etc. are a few alternatives. However, ensure that you have examined these kind of options in and out before making use of them to finance your online training course.

Paying for your online training isn’t complicated if you take a look at all options. You’ll find more methods by talking to friends and family, seniors, and co-workers.

Financial Recovery Plan

A couple of years back, when the finance markets were buoyant, investors could easily take up aggressive investment strategies, without having to worry about financial recovery issues. However, the extreme recessionary conditions that are currently plaguing these markets have completely changed the picture. While financial debt recovery still remains plausible for the common investors, the latter have to significantly modify their financial strategies to attain their goals. At times of recession such as the present one, professional services from companies providing financial recovery services should be hired as well.

For effective debt recovery, experts have laid out a set pattern of investment rules. Tailored to ideally suit the current bearish conditions of the finance markets, these rules are certain to help you in your attempts for bettering your financial situation. Let us now take a closer look at the advice provided by the finance professionals:

  • Investors should try to gauge the extent to which their original financial plans have been affected by the ongoing recession. Such damage-estimate often comes in extremely handy in limiting further financial losses. The separate parts of your portfolio that are more affected by the recessionary market trends can also be identified.
  • Instead of having a broad, sweeping long-term investment goals, short-term investment targets should be formed. Such reduction in the perspective of the overall finance plans often leads to a quicker recovery.
  • If you are looking for a swift and relatively pressure-free financial debt recovery, you need to start paying off all your current debts as soon as possible. Debts like outstanding credit card bills have high interest rates attached to them. Hence, these debts have to be cleared off quickly.
  • Draw up an expenditure budget, and try to stick by it as much as possible. It is critical at this juncture to identify which portions of the total household expenditure are spent on luxury items. Such superfluous spending is not necessary, and should be removed from the newly-revised recession budget.
  • You can also look to earn some additional income for easier debt recovery plans. Extra income may be earned by taking up additional shifts at work, or looking for a new job altogether (in addition to one’s current job).
  • The financial goals and targets have to be scaled down at the times when recession sets in the economy. Trying to obtain over-ambitious financial targets can foil all efforts of recovering from a bad situation. Hence, it makes sense to try to attain more modest goals during economic downturns.

The current recessionary conditions in the financial economy have adversely affected the wealth-stocks and the ability to strengthen the financial condition of all classes of investors. However, even in such a gloomy situation, there is no need to panic. Investors must keep their heads, and revise their finance plans, so as to make their own debt recovery easier. The companies providing financial services can also help individuals considerably, in these efforts of the latter.

Economy is Getting Worse

Expected results of calls of endurance tests applied by the government have found that 10 of the 19 largest banks of the country they need a total of 75,000 million dollars in fresh capital to bear the losses in the event that the recession gets worse.

The finds of the Federal Reserve show that the financial system is just like economy in genera but itself is not found fully recovered.

Some of the greater banks they are found stable, according to the tests of “stress”, but other they need thousands of million dollars more in capital, a sign of the regulators about that the industry is vulnerable but viable. The officials have said that a stronger banking system for an economic recovery is required.

The financial authorities expect that the banks restore the confidence of the investors in which not all they are weak and that even those that are they can be fortified it. They have indicated that they will not permit that none of the banks paralyze.

The banks that need more capital will have to June 8 to develop a plan and that this be approved by its regulators.

Among the 10 banking institutions that need to enlarge its capital, the exams indicated that Bank of America Corp. needs for a lot of the greater quantity: 33,900 million dollars. Wells Fargo & Co. requires 13,700 million, GMAC LLC 11,500 million and Citigroup Inc.

Some of the banks that need more capital already are announcing its strategies. Morgan Stanley, that according to the government requires 1,800 million dollars in fresh capital, indicated that plans to enlarge it in 5,000 million. This will include 2,000 million in common actions.

The tests found that if the recession gets worse, the losses of the 19 institutions evaluated would be able to total 600,000 million dollars during the 2009 and 2010.

“Looking at the extensive panorama, can be told that the things are not so badly for the financial industry in its entirety”, said Kevin Logan, chief economist in the United States of Dresdner Kleinwort.

But Logan indicated that for the banks that need will be it a challenge to attract fresh capital.

“The banking industry is not going to win a lot of money continuing ahead, and that is a dilemma to maintain to the solvent banks and that lend money”, added.

The financial actions improved in the commerce after the closing of the market, after the announcement given to the 5:00 p.m.

The public nature of the evaluations and the announcement enlarged the expectations among critics on if the finds will reflect the current conditions of the banks.

The tests situated to the banks in two settings: one that reflected expectations on the current recession and another that predicted a deeper recession than them foretold by analysts.

Considering Economics and Financial Measures in Turbulent Times

How on Earth could this happen, how come the economy is taking an economic downturn, why did the housing bubble burst and who are we to blame (this time)? Well, indeed those are all excellent questions and you will get a mixed basket of answers from various economists, still, without a better understanding of these issues, it probably will not make much sense to you.

Economic Business Cycles are part of the flow of the financial world, nation’s economies and industry sectors. Sometimes the gambling casino we call the stock market seems to be at odds with reality, and we see false positives. Here, let me illustrate my point; read this book:

“The Handbook of Economic and Financial Measures” by Frank J. Fabozzi and Harry I. Greenfield – 1984.

This book is perfect for journalists, investors, economists, attorneys, financial planners, bankers, business owners, corporate executives, politicians, decision makers, MBA students, and you. Once you read this book you will never be lost with terms such as inflation, stagflation, deflation, GNP, GDP, trade deficits, government deficit, business cycles, business capitalization, stock market, sector rotations and you will be able to follow along quite nicely when the Fed Chairman is giving his opinion of the state of the US economy to congress.

In fact, I recommend this handbook for anyone who is serious about their financial future and the decisions they make. Judging by the enormous amount of debt that consumers have, it appears that we need financial literacy courses when folks end high school. And yes our politicians could sure use a bit of education on their spendthrift ways as well. But, if you own or run a business, then you ought to know a thing or two about economics, so for you I very much recommend this book.

Having Kids in A Weak Economy

After the first excitement nearly everyone feels some anxiety when receiving the news that they become parents. I saw people fall into transition anxiety all the time: what’s going to be like? What will happen to me? How are you going to raise that child? Are you going to be a good parent?

I still remember like it was yesterday how I freaked out when the nurse told me I am having twins. I got shocked in such a way that for the time period the nurse did my ultrasound I been talking aloud.

These emotions are totally normal and understandable. When you undertake new things like becoming a parent, rely on the stability on who you are to provide you comfort and confidence.

The next thing will hit you is the financial issue of raising a child. How are you going to provide? How your child will fit into your financial picture? Life today is so different than it was yesterday. Lack of job security, dwelling pension plans, and the uncertainty of what tomorrow holds has added stress to our long list of financial worries. Even dual-income families find it difficult to meet present needs, much less save for the future.

According to Vanier Institute of the Family, viewed April 21, 2005 “The average cost to raise a child to age 18 is about $163,000”. Wow, thank God most of us don’t know the figure and honestly I believe we shouldn’t choose having kids or not by how much they will cost us. Children are the most expensive but rewarding additions to your life.

But once you receive the news that you’ll become a parent you have to realize that from now on it’s not just about you but you are responsible for that child. You as a parent are responsible to provide the financial and emotional need to raise that kid.

This is the time when you have to consciously plan for your child future. You have to have a financial plan game in place to get you, your family and your child in a financial position when you can face tomorrow with confidence.

Don’t forget you are not alone in this. Millions of people are made it to be just the right parents for their kids. Focus your attention on your identity rather then your uncertain circumstance.

Important steps to consider for financial security:

  1. Have life insurance. Once you have kids you NEED to have life insurance to protect your child if tragedy happens.
  2. Have a will. Did you know that in the event of your death, the government and courts will decide who gets your assets and who takes care of your children if you don’t have a Will.
  3. Eliminate your Debt. Stop using your credit cards and pay off you balance. You will be unable to save for your child’s education if you have high interest credit card payments.
  4. Save for your child’s education. Have a strong financial game plan and put some money away every month. Even if it’s just a little as $50.00 a month. Start with small and later when you can just add more to it. Ask your family and friends to help you with your plan. Instead of mountains of toys ask them for giving you the money instead and make sure you deposit that amount toward the child’s found.

A child changes your life forever. But even in weak and challenging times there is a possibility to raise a child financially secured. You just have to set your priorities and make conscious decisions about your spending and what’s important to you.

Financial Independence in a Struggling Economy

With a struggling economy many folks think that financial freedom is not going to occur for them ever. This is not the truth, there’s never been a better time to create your own financial future and take command of your own life without depending on a company to provide your monetary wants. You can provide your own financial freedom during a very rough time.

The news talks about it all the time, corporations having major layoffs that affect thousands of people right now. This is extraordinarily frightful for many because not only are you out of a job, you are competing with all your friends for the most minimal roles available. This is a coarse spot to be in and hinders your financial freedom.

When you find yourself without a job, you lose your entire sense of security. If you’ve been working many years your financial freedom may be torn away from you in an instant. You don’t sometimes have much time to make preparations for a job loss and unfortunately the bills keep coming every month if you have a job or not. If you take your financial future and freedom Probabilities are you will not need to worry about what the economy is doing and you can target what you are doing for yourself and your own private business.

You do not have to be caught up in the downfall of the financial situation of programs make. If you build your own business you can change your life and your financial freedom may supply you with the things you have always dreamed about. This can provide you a incredible amount of time to do the things you would like to do and you will not feel like you are a slave for somebody else’s financial freedom.

When you get financial freedom you select when and where you work and you are not confined to any boundaries. Financial freedom can offer you the power to do stuff the way you need to do them and you are ultimately in charge and in control of your own life. This could be an extremely liberating feeling and will make you feel as if you are actually living any and all of your dreams.

The last tip to get wrapped up in a failing economy that will make you to fail personally; it is possible to take care of yourself and your folks. Financial independence enables you to be your own head honcho and make your own choices. Find your own financial freedom now.

Plan Finances For 2010 in Easy Steps – Tips on How to Improve Finances in New Year

We have entered a New Year. We all must be having a lot of expectations from this New Year. Most of you might have made some resolutions for this year. But have you planned your finances for 2010? If not, then you must plan your finances and take it up as your resolution for this year to follow firmly and strive fulfilling your finance plans.

In the last couple of years of the last decade, the worst global recession stroked the world. World economy is not yet stabilized and is still affected from the consequences of this recession. While the   economy  is moving slowly, growth rate is low and flow of  finances  is also limited. Therefore, in such a scenario, you must plan your finances carefully and make all the efforts to fulfill your plans. In the slow  economy , everybody is saving more but this is not the right step to improve your  finances . In fact, saving touched the record high while spending touched record low. Consumer spending is very much important for the survival of an economy. World’s biggest economy, i.e. U.S. economy, constitutes 70 percent of consumer spending and less consumer spending is the major reason for fragile recovery.

To enhance your financial outlook, this year, you must not only save your money rather invest it properly. Given below are some easy steps to plan easily your finance and enhance your living.

1)Investing your money in stock market – economy is recovering and hence the stock market. After touching the bottom low in March 2009, stock markets are almost up by 59 percent. This impressive growth will continue as business allover the world is now improving. So, if you have cash saved in your banks then this is the time to invest in the stock markets to meet your financial objectives. Continued recovery of economy will power the stock market trading and it will get hotter. However, if you are making mind to invest in stocks then you must ensure that you are doing it for long term. To do this, you can go for, and increase your contribution towards 401(K) account. 401(K) will help you save money appropriately for long term. You must continue to increase saving in 401(K) even if your employer has stopped matching to enhance your long term financial security.

2)Is your credit score accurate? – It is very important for you to maintain your credit score. If you have lost your job in the recent job cuts or just making your mind to switch it then your credit ranking must be appropriate. Many people never bother about credit report but it is an essential element in your life. You must pay extra care to improve or maintain your credit score as an effort to plan for finances. While applying for loans, it can play a major role in deciding your fate.

It is also important for you to ensure that your details in the credit report are correct. Experts believe that around 80 percent of the credit reports contain mistakes and it is responsibility of people to check for accuracy. Credit reporting agencies are not held responsible for inaccuracy in your credit reports.

3)Do you know the new credit card regulations? Government and Federal Reserve have approved new policies and regulations for usage of credit cards. The step has been taken in order to protect consumers from prohibiting unfair practices of credit card issuers. The new policies are taking effect from February 22.

Many credit card companies have planned to increase the fees and rates. Therefore you must get your hands on the changed regulations and read the credit card agreement and related policies regarding fees and rates carefully. So in this year, you must know the new rules to use your credit card properly. In fact, assess right now that would you be able to afford the credit cards with changed fees and rates or not.

It is also to be noted that credit card issuers have planned to increase the minimum payment mark.

4)Have you prepared your will? – It seems away from the topic but an important factor to plan your finance. If you have not prepared your will yet then you cannot control the negative financial effects that will surround your family after you. Better, make a will to ensure that your property gets divided after you, the way you wanted.

Also, teach your children about financial responsibility. It would not only help them in their life but also guide you the ways that you can use to manage effectively your finances.

Planning is very essential for attainment of any objective in your life. If you want to enhance your financial capability then start planning your finances. The article talks about ways you can manage the flow of your finances, investment options, etc.

Top 10 Books on Personal Finance

Many people entering the workforce today are making money, but are struggling to manage it. For many, personal finance is a mystery. They struggle to understand the basic personal finance principles, concepts and ideas.

Are you one of those who are struggling to manage money? Then seek assistance from the experts in the field. Read their books and learn the basics of personal finance. Gain the knowledge of saving and compounding your wealth over a period of time.

Here is a list of top 10 books on ‘Personal Finance’ which will help you manage your finances in the right way.

• The Total Money Makeover: Dave Ramsey

Dave Ramsey gained popularity as the author of the best-selling book, ‘The Total Money Makeover’. In this book, Dave provides simple personal finance advice on how to get out of debt, no matter how worse the situation is, by falsifying popular myths. He explains the concept very clearly using simple techniques, so that even a layman can understand and follow. The strategy involves how to pay-off debts by focusing on paying-off small debts first, while paying only the minimum for all other debts.

• The Millionaire Next Door: Thomas Stanley

The best-selling book ‘The Millionaire Next Door’, authored by Thomas Stanley, identifies some common traits of Americans who have accumulated wealth. He says that most wealthy people do not live in Beverly Hills or on Park Avenue – they live next door. The author finds common connections among millionaires after conducting a survey on them in U.S. He discovered that millionaires ‘live below their means’ and this is the secret of becoming wealthy. The book “The Millionaire Next Door” examines both sides of wealth equation: saving money and earning money.

• Rich Dad, Poor Dad: Robert Kiyosaki

“Rich Dad, Poor Dad” covers Kiyosaki’s philosophy and his relationship with money. The author has achieved his unique economic perspective from two different persons. The story is about two dads – one, the author’s father, who was the superintendent of education in Hawaii, ended up dying penniless and the other is his best friend’s father, who was a drop-out of school at age 13 and went to become one of the wealthiest men in Hawaii. Kiyosaki uses the story of these two men and their financial strategies which varied a lot. He illustrates the need of a new financial paradigm in order to achieve financial success in the new millennium.

• Your Money or Your Life: Vicki Robin and Joe Dominguez

This is one of the best personal finance books which focuses on how to gain control of your money and begin to make a life, instead of just making a living. The authors explain the concept of “time is money” in a very literal sense and how to transform your relationship with money and finally achieve financial independence. These authors encourage readers to sort out their priorities, cut expenses, and then to seek passive income and retire early in the pursuit of financial independence.

• The 9 Steps to Financial Freedom: Suze Orman

Ms. Orman, a former waitress and stockbroker turned personal-finance adviser, combined practical investment tips with more psychological advice in her first book “Financial freedom”. This book teaches us how to approach money from a spiritual and emotional point of view. She advises people to do nine things in nine steps that are needed to attain financial freedom. She says, when we have power over our fears and anxiety, we have attained success to financial freedom.

• How to Get Out of Debt: Jerrold Mundis

“How to Get Out of Debt” provides step-by-step guide to getting out of debt once and for all. It is based on the proven techniques of National Debtor Anonymous Program. Jerrold Mundis was actually a debtor, and the story is based on his own experience. This book contains real tips and is based on real stories of people.

• Clark Howard’s Living Large in Lean Times: Clark Howard

“Living Large in Lean Times” is a powerful guide to save money. The book covers everything from cell phones to student loans, coupon websites to mortgages, paying electric bills, and beyond. This book paves way to financial independence and wealth. It offers more than 250 tips on saving money.

• All Your Worth: Elizabeth Warren and Amelia Warren Tyagi

Warren and Tyagi will tell you the truth about money in this book. They show you how to balance your money, how to get out of debt, cover your bills etc. They make people learn how to balance money into three essential parts: 1) the Must-Haves (the bills you have to pay every month), 2) the Wants (some fun money for right now), and 3) your Savings (to build a better tomorrow). They help you to get your finances on right track. Warren and Tyagi advice not to keep complicated budgets. In this book, they both simply show a whole new way of looking at money and yourself.

• After Shock: David Wiedemer

An aftershock helps you know how to protect and grow your assets before, during, and after the next global financial/economic crisis. Placing your cash in on the best new investment opportunities will make you know which jobs, careers, and business sectors will gain the most rather than lose when asset bubbles collapse around the world. The author says that for those who act quickly, there is still time to protect yourself, your family, and your business in the coming ‘Aftershock’. Thus, this book shows you what to do right now to protect yourself from aftershock before it’s too late.

• The Money Book for Young Fabulous and Broke: Suze Orman

Suze Orman, the world’s most trusted expert on money matters advises on how to get out of generation’s debt in her book “The Money Book for Young Fabulous and Broke”. She depicts the specific financial reality that young people encounter today by credit card debt, student loans, credit scores, buying a first home, lack of insurance (such as auto, home, health) and the financial issues of the self-employed. She says that this generation should be aware of the urgent need to take the matter under their control.

We hope these books help you attain financial freedom.