How you CAN change the economy

    The economy needs to be stimulated by each and every one of us.  A lot of people voted on a new president based on his economic views.  He can not change it himself he needs all of us to rally behind him and stimulate this economy.  There are a few things we can do to help.   

    First each of us take a look at our own budgets and find a few more dollars for buying things locally, things made in the U.S.A. and buy things regionally.  This is so important so that other people in your area running a small business have money to pay for there things such as a mortgage, food and clothing.  If  all of us buy internationally then the local people with business will not have the money they need to pay for the necessities.  This then will possible close there business if not others in the area allowing the real estate market to drop due to foreclosure and it is a downward spiral from there.

    Use some of that money you found in your budget to pay off your debt a little faster.  Your mortgage and student loans are tax deductible so you want to weight the options that they save you money in taxes vs. paying them off sooner.  The rest of the debts you have are usually are not tax deductible which means you want to add that extra $25 you have to paying that debt off.  You would be amazed the impact this makes over 12 months of on-time payments.

    We need to start spending our money on products not made in China, but products made here in the United States.  This is sometimes hard to do and can not always be done, but make an effort to do it each time you can.  

    Put your money into banks.  They are insured up to $250,000 now!!  You will not lose your money if you put it into a CD, savings account, or other account your bank offers.  Also you can buy government bonds which have a high yield of over 6% right now.  We have to keep putting our money in safe places so that banks can use it to lend back out.

     Last we need to encourage others that we can make a difference.  I do not know if this economy is heading down, heading up or stagnant, but one thing I do know is that we can make a difference by the actions we take over the next few years.  These are some very easy solutions that done over a vast majority of people can change this economy quickly. 

"Give me a big enough lever and a firm place to plant it and I can move the world"

                                                                                                                            -Archimedes

 

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