article thumbnail

5 Economic Assumptions We (still) Make That Won’t Always Be True

Prairie Eco-Thrifter

Hmmmm, in 2008 one of the biggest fears was that credit markets would dry up causing massive restrictions in banks lending to one another and therefore massive refusals to lend money to us. Ahem… , we all saw real estate fall in 2008, 2009 and 2010 – but do you believe that it is now on the rebound?

article thumbnail

6 Reasons Why Gold has a Bright Future

Prairie Eco-Thrifter

A Safe Haven during Economic Instability. Investors have continually found gold to be a safe haven during political and economic tensions around the world. While economic uncertainty is a great concern among modern communities, investing in gold is typically a safe choice to remain unaffected in the long run. Final Word!

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Handle the Stock Market Roller Coaster Ride?

Prairie Eco-Thrifter

If you want to read up on that stuff, plenty of it was written in 2008 and 2009. This economic downturn is just the ticket to accomplish some of those actions. Write down my life experiences on economic downturns for the future benefit of my grandchildren. Share tips on surviving economic downturns within the family.

Recession 176
article thumbnail

4 Tips To Starting Your Financial Plan

Saving Cents With Sense

Creating a short-term budget and long-term financial plan can not only help you get out of debt once and for all, but they can also guide you to economic independence and prosperity. When economic conditions started deteriorating in late 2008, the prices of both gold and silver began to skyrocket.

article thumbnail

Stay the Course Financially

Prairie Eco-Thrifter

When the Great Recession began in 2008/2009, my boss at the time (a Vice President of the company) and her spouse consulted their financial adviser to see what they should do. We all are typically affected by the conditions around us, including economic conditions. They asked him what would likely cause us to come out of recession.

article thumbnail

Why Life Insurance Should Be Part of Every Entrepreneur’s Business Plan – Life Happens

Savings Corner

Take Mike Jaap , for example, who used the cash value in his policy to keep his small business afloat during the economic crisis in 2008. This could be incredibly helpful for your business in a time of financial need. Just know that withdrawing cash value from the policy will reduce the death benefit if you don’t pay it back.)

article thumbnail

The ABC’s of Debt Reduction

Prairie Eco-Thrifter

The economic effects of the recession of 2008 are still very much upon us. It will take years to see a dramatic reversal of the unemployment trend that saw the US unemployment rate nearly reach 10%. As a result of the recession, many have resolved to forever alter the way that they conduct their household business.

Debt 157