Top 5 Strategies Dealing with this bad economy

Maybe this"economy thing" might be worse than we think.

What's the best way to protect yourself?

Well, there are two basic strategies to follow when situations like this come up:

1) Make more 2) Spend less

Pretty simple...Huh!!

Maybe cutout everyday that double latte.
Go out to dinner less.
Take fewer clothes to the cleaners.
And on and on.....

The ULTIMATE way to do better in life is to:

To work SMARTER.


1) Stop doing the things that are unproductive, 2) Stop the interruptions and distractions. 3) Stay focused on the things that matter.

Always ask what is the most productive/important item on my list. Identify it and then do it.

This is the Pareto 80/20 Principle. 80% of your revenue, sales etc. is going to be generated from 20% of your clients. Sooooo....push the eject button on the rest of your clients, they are wasting your time.

Conclusion: Be ruthless with your time, it is the most valuable possession you have.

Warren Buffett Says Be Greedy Buy U.S. Stocks

Hey, OMG, I quoted Warren with this same quote on my blog on Wed. 10-15-08.

Took the New York Times a few days to catch a clue....

"A simple rule dictates my buying," Buffett writes. "Be fearful when others are greedy, and be greedy when others are fearful."

Warren Buffett pulls out the pom-poms in a New York Times editorial today urging people to follow his lead and buy American stocks. I want to know which stocks he's buying. And, is holding cash really that bad?

Buffett says he's been buying stocks in his own personal account, in which he previously owned nothing but government bonds. If prices stay attractive, he says, soon all of his personal holdings will be 100% U.S. equities.

Financial Meltdown Explained

I just watched this video from Jim Jubak of MSN money, he explains the financial crisis in simple terms.

He explains the snowball effect of the economy and the reason their is a financial crisis in Californa.