Friday, December 31, 2004

Into The Future

COMMENTARY AND MUSINGS ON THE COMING YEAR by Don Browne


After a year of disasters including U.S. hurricanes and Indonesian tidal
waves and earthquakes, the future will be mostly brighter. More and more
countries will become more sensivtive to the needs of the poorest of the
poor around the world. While the U.S. economy has been "iffy" for many
people during the last several years, those who have had held onto heavy
security investments will be counted among those who will be labeled
"survivors" and profit greatly after years of market indecision. On the
other hand, those families with low incomes will find the going a bit
tougher as unemployment rises among that group and their debt in credit
cards rises, and the coming increase in interest rates will certainly put
them farther behind. If you have debt, pay it off as soon as possible,
starting with the highest interest rates you have. The average person's
goal this year should be to become debt free with the possible exception of
mortgage debt.


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