The ecomic crisis - what should I do?

We all know what is happening all around us - corruption, market failure, housing crisis --a lot of negatives .. So what should we do??? Well first of all we need to take a step back and take a deep breath. Decisions made in "panic mode" very often make a situation worse. We need to evaluate our individual situation and seek out our different options. If we read, watch or listen to the news you will hear about the worst situations in the worst areas of the country and that may not even be close to what you might experience.

Since I focus on helping people with their equity, I want to remind you that if you had your money out of your house and in a safe account (and there are accounts that did NOT lose any money) when your house lost value, you would have the cash in your pocket today!

Now of course you can curl up in the fetal position and pray that things will get better and maybe the government will take care of the mess they created, but you tell me when the Government getting involved helped any situation? Especially when it comes to a financial crisis? The governement is a Financial Crisis!

If you want to move forward and stay ahead of the game, make plans now to remove the equity in your home and put it somewhere safe - if you are not sure of what is safe, may I suggest under your mattress for the time being? As house values continue correcting and you are losing the gain on your investment and your 401(k) is turning into a "201(k)". Lets preserve what we have in our best real estate investment.

Also - its a great time to buy stock - its cheap!

A lot of wealth was made during the depression by the people who had access to their cash and could buy property at "fire sale" prices.

Reverse Mortgage Man
(866) 800-0280
www.moneywise.net