By John Packard In 2008, the rich are likely to be uttering a new mantra — downsizing. The fallout from the debt-market crisis, along with growing concerns about inequality and the environment, are likely to usher in a year of moderation for the rich. The current economy lends to caution. The new gilded age may be at an end. It is time for anyone serious about money to be cautious, eliminate debt and look for opportunities. Conventional wisdom today says the wealthy are exempt from the forces of economic gravity. […]

By John Packard Many people tell me that no matter how they look at things, they are simply not able to make ends meet. They cannot possibly cut back any more than they already have. Consider the following statistics: • Half of American households live on less than $46,326 a year, the median household income figure for 2005, according to the U.S. Census Bureau. That inflation-adjusted number hasn’t seen a substantial increase since 1999. One out of five households lives on less than $20,000. • Twenty-two percent of U.S. respondents […]

By Brice Hogan I have been thinking about this topic for a long time seeing as most people, including myself, have been in a situation where your credit isn’t the best and you’re struggling on the best way to fix it. The problem is most people are in debt and trying to live with out having the proper amount of income coming in and this situation can turn us to more debt and then eventually there are maxed out credit cards and you can’t afford to pay the creditors. At […]

We have all heard about the stimulus package which our government is working to get past. There are reports that each tax payer will get $600-$1200. The amount depends on if you are married, and have children. The question came to my mind; what will America do with these funds if it does go through? Will we just take the check, and turn around and spend it? Are Americans going to use it to pay off debt? These are important questions we need to ask ourselves. Right now, think about […]