How to Prosper in a Bad Economy

By Alan Myers

There is no doubt about it; our economy is at a thirty year low. Luckily, virtually all of the experts conclude that an economic comeback is not more than a few years away.

The question that remains in everyone's mind is what to do until then. I suggest these seven steps.

1. Ask your boss what new skills would improve your value to him/her. Then, immediately begin to develop them.

2. Consider an online degree or online certificate program which can make you a better candidate for a promotion, new job or career change.

3. Update your resume and cover letter on an ongoing basis. Make minor adjustments in them, as appropriate, whenever you use them.

4. Don't dump good stocks or investments just because they have temporarily lost value.

5. Meet with your investment adviser to develop a regular, ongoing investment plan. Look for bargains....this can be a time of great opportunity.

6. Pay down all of your debts as quickly as you are able. Start with high interest credit card debt.

7. Develop a regular savings plan and put away money until you have at least enough to live on for six months.

Adhere to these tips and you will make yourself financially bullet proof. Your goal should be to continually enhance your financial position, regardless of the economy. It can be done. - 23221

About the Author:

Alan Myers is an economics instructor and writer who contributes to websites on online degree programs and accelerated online degrees.