During these tough economic times, many people are relying on their credit cards to get by. I am here to warn you that there are three markets that will be hit by this recession. Real Estate, stocks and you will now see credit card companies crumble.
It will be impossible to get credit anywhere soon. I'm telling you this not to go run up your credit card bill but to think wisely about how you are spending your money right now. Also, if you are on the fence on starting your own $500 Startup then that should be the final push to get you going while you still can.
Credit can be a good thing if it's letting you grow your net worth but bad if it's spent on expensive coffee drinks etc... so let your buying decisions right now be dictated by how much value will the thing give you not how much do you want it.
Times are going to get even tougher so hold onto your hats, get prepared and manage your money.
Tags:
Share
You need to be a member of 500 Dollar Startup- Make Money Online to add comments!
Join this Ning Network