By John Packard
Although I think the economic stimulus package is a joke, it is money and we’ll take it.
Government is expecting all of us good citizens to go out and ‘spend’ the money.
The theory is that such ‘spending’ will jumpstart the economy back into growth mode.
Forget the fact that the U.S. Federal government is the biggest perpetrator of fiscal
irresponsibility in history. (I will stop here.)
My suggestion is that we send uncle sam a message: That we are not going to spend the money,
but invest it. In our debt to be exact.
Paying your debt is your best investment. If you have high interest credit cards, hefty student loans, or other debts,
then use the IRS refund to paydown credit card debt.
The second best thing you could do is to create a short term emergency fund.
I always recommend at least an amount of $1,500 to $3,000 at all times.
If your debt is paid off and you emergency fund is taken care of, then it may be
prudent to invest in some gold or silver coins. They will be worth something someday.
Once you’ve done all this. Write a letter to your congressmen and tell them to stop spending your
money so irresponsibly.
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