Folks, this is hot off the press, the NY times is reporting that the Federal government will seize control of mortgage giants Freddie Mac and Fannie Mae (here).

This is big news and its BAD.

This means that these institutions, whose role is regulate and provide a market for mortgage loans have FAILED. The Federal government will now have to assume the debt for these companies. This means the taxpayers will be on the hook for potentially tens – if not hundreds of billions of dollars worth of bad mortgages. The worst case scenario is that this will cause the Federal governments credit rating to decline, ultimate resulting in tax increases.

The reason this was released at 10:00pm on Friday is because its bad, very bad news.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Click Here to Download
DINK's Free
Budget Template
Click Here to Download
DINK's Free
Net Worth Template

Couples Finance

Websites You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech

State-approved Online Middle School at EHS