Woah, sometimes you read a new story that reaches out and grabs your attention. Well, CNN is reporting a hitherto unexplored aspect of the economic downturn.

Evidently the foreclosure situation is so bad in some parts of the US that local municipalities are planning on demolishing homes by the hundreds. In other areas, homeowners who were foreclosed on have taken everything of value out of the houses including piping, kitchen cabinetry, masonry, doors, etc. etc.

Hardcore.

Sometimes home foreclosure is unavoidable, but we believe if you are intentional about living frugally or building excess wealth you will be in a position to at the very minimum survive economic downturns if not thrive during them.

Check out the video here.

The Moderate Voice has more information.

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.

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