My Budget 360

There is a shocking statistics that 1 out of every 5 American households has a net worth of zero. Think about that for a second. The world’s most prosperous nation and 20 percent of households do not have a penny to their name when liabilities are subtracted from assets. The median net worth for families in the U.S. is approximately $90,000. This was taken before the recent housing downturn where many Americans store their wealth. It is important to plan for retirement if one has not done so. The younger you are, the more likely you are that Social Security will not be there for you. If you are already nearing retirement and have very little saved up, it is time to step it up. Read More

Debt has a way of holding you down. It may start out with a very tiny amount, maybe a gift purchase or a vacation, but little by little that tiny debt has ballooned into an unmanageable amount of debt that is making it hard for you to save. I was watching Larry King last night and his guest was Suze Orman. She mentioned that the average credit card debt for Americans is $9,000 with an average interest rate of 17 percent. Just to put this into perspective, if you were able to get 17 percent on your investments you would be a millionaire in no time. So what are some steps in combating debt? Read More

Welcome to myBudget360! The purpose of this site is to give you investing ideas during a bear market that we are entering into. Most of the conventional wisdom regarding conservative investing usually skips over the Great Depression. Keep in mind that during this time stocks lost over 90 percent of their value. It would have taken 25 years to reach the peak that was reached in 1929. During the roaring 20s, we had was termed the “Coolidge Prosperity” and much like today, discretionary spending was through the roof. The 1920s also saw a real estate bubble in Florida. Yet toward the end of the decade a massive excess in consumption was taking over and the air was full with the sense of a massive correction. Take a look at the chart below:

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