As this disappointing economy drags on – and on, many folks are becoming more alarmed at their dwindling monetary assets. Most of us can sense the deepening of this depression and some of us can remember what the first depression (The Great Depression) was like. It is long past the time when all of us should understand that we are entering a time when we will see our lives changed; not the way we would choose if we had a choice.

Here are five (5) concepts to help with these uncomfortable times in which we find ourselves:

1. Save Your Assets. Take a tally of what you have at the present time. Some people don’t even know what they have in the bank, in investment accounts, or other money vehicles. Knowing what you are working with is a start toward saving your money. Learn More
2. Save Your Wealth. Not all of your value is in money, per se. There are many other ways to evaluate how much you are worth. Learn More
3. Saving Money In All Economies. Economic conditions are always in a state of flux. It would be great if the Dow hit 20,000 and stayed there forever, but even that would get boring after a time. Given that the money markets are always going to change, we need ways to operate no matter what type of economy is current. We must adjust our saving/spending to maximize our options in any economy. Learn More
4. Saving Money Today For Tomorrow. If we want to have money for tomorrow, it is wise to start saving it today. There are several ways to save, and several ways to preserve, our monetary assets. Learn More
5. Never Use Retirement Money. When we need money for groceries, we would never want to use money we have saved for retirement. Once you spend money, it is gone. If you bought consumable items with the money, you will consume the product and then you will have nothing. Retirement vehicles are just that, they are only for retirement. Learn More