posted on Dec, 23 2009 @ 03:09 AM
A financial planner may be able to help you decide what you want to do with your money to make your finances better. I'd check into if some
financial planners are accredited or not. Other than that, there is general advice about having several months worth of cash to cover all your
expenses for at least 8 months or longer if you think it will take longer to find another job if you lose yours in this economy.
Then you can ask yourself questions. Would you like to own a house? You would have to take care of it and expenses and taxes associated with it.
Are house prices going up in the area? How are the schools rated? How is the crime rate in the area? These are factors that affect future house
prices. How big of a yard do you want? You may want to cut the grass yourself but you may not want to spend hours doing it. How much distance and
privacy do you want between yourself and neighbors? For instance I live in the middle of a city and have a small yard and can cut my grass in about
30 minutes. However I hear the neighbor's music inside my house on occasion which is annoying. Owning a house has certain tax advantages.
It's worth your time checking those out if you get serious. If you're really worried about your cash, you could search for a book called Conquer
the Crash sold by the elliottwave folks or search for a list of safe banks. Some banks are safer than others. If you kept all your money in gold,
then you would have to worry about someone stealing it. If you kept 10 percent in gold as insurance, you know you would still have something of value
if everything fell apart. If you're worried the government might confiscate gold like they once did, you might consider something like
www.goldmoney.com. I heard good things about them but haven't checked them out myself in too much detail.
I'm not a financial planner and all of this advice on a conspiracy site might only be as good as what you paid for it.
Extra note: If you decide you have a certain amount of money for a downpayment, plan for several thousand extra to fix up the house. You'll first
need to evaluate your income and expenses before deciding upon how much house you can afford or what. Taxes and insurance will add to your monthly
mortgage. Utilities will be much higher for a large house. Then there is fire insurance, life insurance, etc. etc. You don't want your monthly
house mortgage to eat up past a certain percentage of your monthly income otherwise you'll be struggling for cash to pay your bills at the end of the
month. After you figure all that out, then you can decide how much you can set aside each year in a tax advantage IRA account or what you want to do
with extra monthly income. There are tables or information available for how much you need to save each year to have 75% of your income available
after you retire.
Figuring out all your future monthly income and future expenses and writing it all down and totally it up is a good way to start. Some people bought
a house so big that it took up most of their monthly income so they end up in an expensive house with very little cash left over to go out to eat.
[edit on 23-12-2009 by orionthehunter]