Is Your Mindset Keeping You Poor?

What's keeping you poor? What's keeping you from achieving your goals and dreams? Is it your job? Is it your family or is it you? Do you find yourself constantly struggling with money? Do you always find there's more days in the month than there is money? Check your wallet, do you see cobwebs in it? If you are constantly having money issues no matter how hard you work, the problem may be you. Your mindset about money could be that's keeping you poor. Basically, you have a poor man's mentality. What do I mean by that? It means that if you believe you don't deserve to have a lot of money, then your subconscious mind is going to do everything to keep you from keeping money. It's going to sabotage you every time you come into a lot of money. Whether from working or winning the lottery. You may be saying, "that's not true, I want to have a lot of money". That may be true, but if deep down inside, in your core, you believe that you don't de
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What To Do In A Market Crisis

The stock market has been falling for the last couple of days. It has been going down for a while but the downgrade by the S&P500 triggered a panic which sent the stock market crashing.

The question is, what are investors supposed to do in this kind of market? Here are some suggestions.

If you are investing in a mutual fund and you are investing for retirement. As long as your retirement is over 10 years away, keep invested. It is even better if you invest your money monthly so while the market is going down, you are buying more and more units in the fund.

Now is not the time to invest a lump sum into the market unless you feel it's the bottom. Nobody can time the market 100% of the time but it is not a good idea to invest when it is still falling. It will eventually stop, but you have to keep your eyes and ears open to determine if the market is low enough for you to go in big. Markets usually recover, we just don't know when.

In the meantime, it may be a good idea to keep an eye on dividend paying stocks so you get paid for waiting for the market to go up.

With interest rates so low, you are punished for being a saver since you're probably getting less than 1% interest on your savings account. Better to take advantage of the low interest environment to pay off your debts like credit card debts or mortgage debts.

Avoid new debts. If the US falls into a recession again, everybody and their jobs may be affected. If you have no debts, you have no worries.

Protect your purchasing power. You may want to buy some gold and silver coins as they are generally regarded as a hedge (protection) against inflation (loss of purchasing power).

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