Saturday, December 06, 2008

It's not all bad News

Falling prices for stocks, commodities and real estate means your cash is worth more. For example, I filled my gas tank for $25 the other day. That's a reason to be cheerful. My 401(K) has been killed, but my current contributions are buying more shares per dollar than they used to. Jewelry costs less. Home prices have fallen to where a first home for a frugal, thrifty family is within reach or a rental property can almost pay for itself now. It's not all bad.

The recent financial crisis has made Dave Ramsey out to be a total genius as cash really has become king.

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