Ever hear the statement, “Cash is king”? This is especially true in a recession. If you think a recession is just around the corner, here are a few tips to help you stay ahead:

1. Keep funding your IRA or 401(k). Contact www.theentrustgroup.com today to open your self-directed IRA or Individual K.

2. Stockpile some cash—that rainy day fund will be more important than ever. Experts recommend saving at least 6 months of living expenses in a money market account in case of an emergency.

3. Consider setting up a home-equity line of credit if you think you will need the money.

4. Pay off all high interest credit cards and loans….today!

This entry was posted on Monday, November 12th, 2007 at 12:36 pm and is filed under General Interests, Self-Directed IRA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.