Money Tip Of The Day

With the downturn in real estate, it reminds me of what I learned some time ago. Everything operates in cycles. Learning to understand cycles is crucial to long term money success. Cycles in the stock market. Cycles in real estate. Cycles in earning. Know when it goes up and when it goes down.

“My employer is matching up to 5% of my salary in the company 401K, should I take advantage of it?” YES! This is free money. On top of giving you money, they are giving you another reason to start or increase your investments. The only thing is that you shouldn’t put all of the money into company stock (i.e. Enron).