People always wonder what is the best way to protect yourself in a recession. The answer is simple, you need to be more liquid. There is nothing that will make you feel more secure than having access to your own money. That isn’t to say that you need to completely forsake long term investments because they are just that, long term investments. That being said you need to have access to money just in case something happens. I always try to have 6 months of cash available in a savings account in case something happens. The reason I choose a savings account instead of something like a CD is because although I only get a 2.75% interest rate there are no penalties for early withdrawal, which exactly what I am looking for. Additionally my savings account isn’t subjects to the rise and fall of the market, making it impossible to lose my money. Always remember having a ton of money does you no good if an emergency happens if it inaccessible.
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Heed Warren’s AdviceI am definitely no expert when it comes to finances but I was thinking of going this same route. Now that I see that Warren Buffett, one of the most intelligent money-makers to ever walk the plan is thinking along the same lines. It really assures me that I am not crazy. Check out this article th...
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Grilled Cheese SandwichesThere are few foods that I enjoy more on a chilly autumn evening than grilled cheese and tomato soup. The best part about it all is that it is also very economical to make. Even those that are completely inept in the kitchen can combine these limited ingredients and simple instructions on how to...
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