In Business Since 2001 We accept Paypal
Home Article Directory
More from Bill Platt
"Bill Platt for Book Authors" Youtube Channel
Training for Book Authors
Sites Owned by Bill Platt

D9 Hosting

Learn From History - The Anatomy Of An Economic Meltdown

Copyright (c) 2009-2019
(See This Article in its Original Format.)

Over the last couple years, many consumers were burned badly by the state of the economy and the failing of many of the banks people have relied upon for generations.

At the beginning of 2007, the United States had five investment banks, through which a lot of investment transactions occurred. By the end of 2008, there were zero investment banks in the United States. The investment banks that did not fail outright, changed their charters to commercial banks, thereby eliminating all investment banks in the U.S. by the end of 2008.

Where people got hurt the worst in the recent economic meltdown was when banks stopped loaning money to consumers and businesses.

Banker fears turned our economy on its ear, erasing positive growth and replacing it with recession.

Bankers started to question the viability of their competitors and stopped loaning money to their competitors. Suddenly, when major banking institutions were no longer able to get money to loan to their own clients, banks began to turn off the business credit and consumer credit tap.

We knew the gig was up when General Electric could no longer get loans to float their production cycles. We also knew that the situation was getting bad when banks started freezing credit lines to the automakers. And when the State Of California could not get loans to carry the state through the course of a single economic year, we knew it was ready to hit the fan.

Economic Contraction Has Deep Roots

The lack of business credit is not what killed the auto industry. What brought the automakers to their financial knees was the inability of consumers to get auto loans for new vehicles. This started to happen nearly a year before the commercial credit began to dry up.

When consumers could no longer get loans for major purchases, the economy began to contract significantly, as manufacturers could no longer sell products already in inventory.

As major manufacturers begin to fall by the wayside, the ripple effects hurt hundreds of other businesses, employing thousands.

For every automaker that falls, there are companies that produce tires, car seats, carpet, radios, and automotive parts that will also have to lay off people. The automaker is the easiest example to show the ripple effects of a crumbling economy.

When auto sales fall, car dealerships begin to shut their doors. Dealerships provide hundreds of additional jobs in small towns across America, providing employment for sales people, mechanics, supplies and support. Once you get past the jobs supplied directly by the dealerships, then one must realize that local detail shops generally contract most of their work from car dealerships.

If General Motors fails, jobs are not lost only in Detroit, but in Oklahoma City; Lansing, Michigan; Doraville, Georgia; Ontario, Canada; Spring Hill, Tennessee; Moraine, Ohio; Flint, Michigan; Pittsburgh, Pennsylvania; Ypsilanti, Michigan; and Portland, Oregon. (This list is actually derived from a GM plant closing list from 2005.)

In 2008, GM also closed plants in Grand Rapids, Michigan and Janesville, Wisconsin.

As 2009 approached, GM announced further plant closings. When the announcement came in December of 2008, there were 20 more GM plants on the cutting block for temporary shutdown. This round of plant closings will affect plants in the U.S., Canada and Mexico. Specific states affected by these plant closings include plants in Delaware, Maryland and Texas.

Consumer Credit Dried Up One Year Before Commercial Credit Ended

I mostly respect Bill O'Reilly's view on the world, but one day, he went on a rampage about the economic meltdown, stating that he pays attention to things and did not see the economic meltdown coming. He was complaining that no one warned us of this happening.

I wrote to O'Reilly that day, for the first time ever. I told him that if he watched his own news channel - we knew it was coming. If only he had turned on Neil Cavuto once in a while or watched the Saturday morning business block, then he would have seen this mess coming too.

It all started with a real estate bubble that we all knew was there.

When the real estate bubble began to pop in remote areas of the country and banks started to realize that home foreclosures where on the rise, banks reacted by stopping consumer loans for big ticket purchases, such as homes, cars, furniture and electronics.

The economy began to contract, as consumers could no longer drive the economy unimpeded.

It took business a little while to notice the contraction of business. Most assumed the contraction in sales was more related to the price of gasoline, without noticing that the problems ran deeper than that.

Most business managers assumed that once the price of gasoline dropped back to its historical threshold that all would recover. But gasoline prices only masked the real problem - the lack of consumer credit.

The Roots Of The Real Estate Bubble

The roots of the real estate bubble and subsequent implosion began in the 1990's. Interestingly, both G.W. Bush and Bill Clinton opposed the policies that created this mess, but both were either ineffective or unable to change the course of government policy in this matter.

Bush and Clinton seemed to agree that the credit practices of Fannie Mae and Freddie Mac were bound to create problems that could not be overcome easily. In the discussion I was listening to about this issue assumed that both Bush and Clinton were "unable" to fix this problem, although both spoke about it regularly.

I tend to find it hard to believe that any President of the United States is "unable" to do anything... but then again, Bush was "unable" to address the political hot potato of Social Security in his second term.

In the early 1990's, the role of Fannie Mae and Freddie Mac was changed from helping the underprivileged to buy a home, to guaranteeing banks that wrote loans to anyone and everyone who wanted to buy a home.

Fannie Mae and Freddie Mac began buying loans from banks, packaging those loans, and selling them to investors. Ah... you see the connection... you have heard about that stuff on the news... Good.

Since bank interest rates were so low, banks and mortgage brokers soon realized that they could not make their money collecting interest. So, they began the transition to selling loans to consumers based on closing costs. So long as the consumer could meet and pay for the required closing costs, then the bank would be able to write a loan to the consumer.

If that loan to the consumer was for a home, then the bank could sell those loans to Fannie Mae and Freddie Mac, who would then package a group of loans to sell to investors.

Here is where the story goes south.

Since banks were selling loans only for the closing costs and selling the loans to a third-party investor, banks stopped looking at whether an individual could afford the loans being given to the consumer.

You know, if I can only afford $900 per month on my mortgage, what makes anyone believe that I can repay a mortgage worth $1200 per month?

Within the system as it was constructed, the bank could care less if I could afford to pay $1200 per month. They only cared that they could sell me the loan, get their closing costs, and then they would pass the liability of my problem loan to a third-party investor.

Because the bank had no financial interest in my ability to repay the loan, they did not concern themselves with writing loans that could be afforded by consumers.

As a result, banks lined up to write consumer loans that consumers could not afford to repay. (We can also slap the consumer at this point, because the people who took those loans also knew that they could not repay them.)

The Contribution Of The Consumer

Each consumer who took a mortgage they could not hope to repay contributed to our current economic meltdown.

I know that many felt strongly that they could repay the loan or that they could get a salary increase to help ends meet. But when consumers are struggling to get by, it only takes one unexpected car repair or other large expense to bring the house of cards tumbling down. The end of the road could also come as soon as one got sick enough to miss a couple days of work.

The consumer should have known better than to take the loans they were offered. But many people also expected that banks still worked the way they did in the 1970's and 1980's - making sure that consumers could afford a loan, before offering that loan.

Lining Up The Dominoes

Consumers had taken loans that they could barely hope to repay. But when an unexpected expense came up, people began to get behind on their mortgage payments. Eventually, the added pressure of being behind on payments pushed consumers to cut their losses and default their home mortgages.

Of course, this process was accelerated when the real estate bubble burst and homeowners began to realize that they owed $120,000 on a home only worth $100,000!

As consumers began to default on their home mortgages, banks started to tighten up their credit policies on other large consumer loans such as cars, furniture and electronics.

As consumers became unable to get loans for the things they desired to purchase, manufacturers and retailers began to struggle under slowing sales.

Slowing sales further complicated the issue, because banks began to realize that their business clients were having a harder time paying back business loans.

At this point, the banks worried about their business clients, but they did not close all commercial credit just yet.

Like you and I, banks borrow money from each other, in order to enable ensure that bank liquidity is maintained. In the banking industry, the government requires that a bank always has cash-on-hand to match 10% of the total loans it has in the marketplace.

On days like payday, banks will often borrow enough money from another bank to help them cash all of the checks that will be brought to their bank. They borrow that money to be able to meet their cash needs, without tapping into the money in their safe that is required to meet federal lending standards.

Of course, banks will cash a check on Friday and they will have that money back in their own coffers by the following Wednesday, when the employer's bank is able to send the money back to the bank who cashed the check. Within the banking industry, few-day loans and one-week loans between banks are common for this reason.

It did not really hit the fan until banks stopped loaning money to each other. When the investment banks began to fall, other major banks also began to fail. With banks failing everyday, bank managers began to wonder about the banks to whom they loan money.

Fear crept into the bank-to-bank lending cycle, and bank-to-bank credit came crashing to a halt.

This is the point where commercial credit died. It was September of 2008 - only weeks before the Presidential election. John McCain handled himself badly during this time frame, ensuring that he would forever be only a footnote in history. "I am suspending my campaign to focus on this problem," - John McCain, famous last words of the top dunce of 2008.

When banks stopped lending to each other, other banks had to freeze commercial credit lines. When General Electric's top lender was unable to get bank-to-bank loans, it was unable to loan money to GE, regardless of their belief in GE's ability to pay back the loan.

The Fallout Is Wide And Painful

When GE can no longer get loans to finance the manufacturing cycle of their products, then GE is forced to lay off workers.

When the automakers customers cannot get consumer loans and the automakers cannot get loans to keep them afloat during this economic downtown, the automakers are forced to lay off people. Along with the automakers laying off people, part suppliers and dealerships also have to lay off people.

When the State Of California cannot get loans to keep the state operational until tax payments start coming in, Governor Schwarzenegger has to make some hard decisions, stopping certain government services and stopping production of development projects. Of course, Schwarzenegger does not have the political courage to fix the problem, but only to survive the crisis. Either way, money stops flowing in California from government coffers, leading to taxpayers receiving IOU's from the California tax agency and people losing their jobs in state construction projects.

The Downward Spiral

Consumers cannot borrow money to buy consumer goods, which in turn slows sales at major manufacturers and major retailers. Slowed sales leads to more layoffs and fewer jobs. Slowed sales also leads to lower stock prices and fewer stock dividends.

Sometimes the pain felt at the business level leads to business failures, which in turn leads to more lost jobs. Fewer jobs leads to more defaulted loans and home foreclosures.

It is a cycle that is hard to break.

According to a story by the Fox Business Network last week, American consumers have lost $11 trillion dollars in their net worth over the last one year.

Is there a light at the end of the tunnel? Certainly there is, although it is a bit hard to see right now. Every down cycle in an economy ends with an up cycle. It is just that we have yet to discern a bottom in this economic downturn, so it is hard to predict when recovery will come.

I am an optimist by nature. I see good days ahead, although those good days will necessarily be preceded by some pain.

The best advice I can give anyone in this current recession is to only spend within your means, until this economy recovers its vitality. At my house, we are still spending, but we are not doing it with credit. Instead, we are paying cash for what we want and making darn sure not to increase our debt load during this down cycle.

Author's Note: This article was originally published at:

About The Author: Shop Amazon - Top Gift Ideas
Arlo Mooney writes about the economy and credit. The only loans he will consider at this time are short term loans, in the form of payday loans or cash advance loans to bridge a cash shortage until the following payday. You can read more of Arlo's work at:

Needs Work >> 0 - 1 - 2 - 3 - 4 - 5 << Excellent Article

Tell our authors what you think about their article.

Top-Level Category: Finance Articles || Related Categories: World Events Articles

10 Most Recent Articles Written by Arlo Mooney

Easy Loans During the Current Credit Crunch
Written by: Arlo Mooney | Distributed: 2009-02-24 | Word Count: 745 | Page Views: 3194 | Votes: 3 | Rating: 1.33
Everyone is talking about the difficulty of borrowing money right now during the current credit crunch. But I have learned from my unique experience that there is still money available to borrow, even in these current market conditions.

Banks Do Not Want To Foreclose Your Home
Written by: Arlo Mooney | Distributed: 2009-01-09 | Word Count: 1166 | Page Views: 4258 | Votes: 13 | Rating: 2.38
When the phone is ringing every day and the bank is threatening to foreclose your home, because you are behind on payments, it is easy to believe that the banker is drooling over the possibility of foreclosing on your home. But you should know that the bank stands to lose a lot of money if they are forced to foreclose on your home. Read this article to learn the real truth about banks and foreclosures.

The Relationship Between The NASA Space Shuttle And The Struggling Auto Industry
Written by: Arlo Mooney | Distributed: 2008-11-13 | Word Count: 790 | Page Views: 3356 | Votes: 6 | Rating: 2.83
With all of the talk in the news about the potential failure of U.S. automakers, many have begun to talk about the far-reaching effects of the auto industry on the U.S. economy.

Hopefully President Obama Will Break A Few Campaign Promises
Written by: Arlo Mooney | Distributed: 2008-11-07 | Word Count: 1272 | Page Views: 2876 | Votes: 8 | Rating: 2.75
Although I did not vote for President Barack Obama, I wish him well and I hope that he is as successful as President Bill Clinton. But I also hope that there is one campaign promise that Obama breaks, and here is the reason why I hope he breaks this promise...

All of Author's Articles on this site:

Most Recent "Finance" Articles

Credit Card Companies Reward Consumers Who Shop Around
Written by: Braxton Heitz | Distributed: 2012-11-20 | Word Count: 1159 | Page Views: 5369 | Votes: 14 | Rating: 1.86
With Ronald Reagan came mass deregulation in many industries. One of the industries that benefited from deregulation was the financial industry. As a result, hundreds of new financial companies were introduced to the American consumer during the 1980's. With the sudden explosion of new competitors in this industry, credit card companies began to struggle with how to retain existing customers and to recruit new customers.

What My Mother Taught Me About Credit Cards And Family Finances
Written by: Braxton Heitz | Distributed: 2012-11-12 | Word Count: 1285 | Page Views: 5246 | Votes: 24 | Rating: 2.42
My mother is an amazing woman. She made some of the hardest jobs imaginable look easy. No matter how hard her day was, she always had a smile and perfect hair.

Understanding Your 401(k), IRA and Other Pre-Tax Investments
Written by: Irene A. Majchrzak | Distributed: 2010-08-03 | Word Count: 1005 | Page Views: 3825 | Votes: 2 | Rating: 2.50
What does all of the bad economic news mean to you, the average investor. Well, if you are still working and contributing to your pre-tax 401(k)'s, 403(b)'s, or IRA savings your strategies for salvaging your retirement will include reviewing all of the investment options found in your 401(k), etc.

Xerox Follow Apple on the Comeback Trail
Written by: Jennifer Robinson | Distributed: 2010-07-27 | Word Count: 1238 | Page Views: 4576 | Votes: 4 | Rating: 0.00
In many ways the companies share similar fortunes. Apple (founded by Steve Jobs, Stephen Wozniak, Ronald Wayne) produced the first successful personal computer with a graphical operating system. Xerox (founded by Chester Carlson, Joseph C Wilson) were the inventors of Xerography (later called the photocopier).

Payday Advance Loans Are Now Only One Toll Free Call Away
Written by: Tom Tierney | Distributed: 2010-07-27 | Word Count: 599 | Page Views: 3072 | Votes: 1 | Rating: 0.00
A friend of mine recently went through financial troubles and asked me, knowing that I'm a finance writer, if I could push him in the right direction for a short term loan to help out with his expenses. Here's his story:

Stock Market Falls Sharply
Written by: Irene A. Majchrzak | Distributed: 2010-07-27 | Word Count: 879 | Page Views: 3471 | Votes: 5 | Rating: 0.80
The stock market has been having a bad week. Wednesday the market ended the day down over 300 points. I heard reports that this was the result of investors taking their profits. Happens all the time. Then within a few days, the prices on many great stocks is so low that the investors are buying the stocks right back up.

Finding the Best Credit Card Applications
Written by: Jeffrey Weber | Distributed: 2010-07-27 | Word Count: 403 | Page Views: 2720 | Votes: 1 | Rating: 0.00
Online credit card applications can be confusing. That's the way the banks want them. This article will help eliminate some of the confusion.

Do You Know the Difference Between an Investment Advisor and a Broker?
Written by: Tome Tomaj | Distributed: 2010-03-11 | Word Count: 408 | Page Views: 3299 | Votes: 5 | Rating: 3.40
As an fee-only investment advisor I come across clients from all walks of life. Lately I have noticed something in common with many of these investors. Many do not know the difference between an investment advisor and a broker who manages and/or makes securities recommendations for their clients' investment portfolios. With the almost unprecedented volatility in the securities markets, you cannot afford to dig your head in the sand when it comes to whom is managing your assets.

Understanding Term Life Insurance and Getting Quotes
Written by: Brian Greenberg | Distributed: 2010-01-13 | Word Count: 520 | Page Views: 3208 | Votes: 2 | Rating: 1.00
Buying term life insurance can be a scary process but understanding the different types of life insurance can remove the fear. What you should know about term life and how requesting life insurance quotes online can be easy and very convenient.

The Decline in the Personal Savings Rate - What Happened to the Discipline?
Written by: Tome Tomaj | Distributed: 2009-12-15 | Word Count: 873 | Page Views: 3913 | Votes: 5 | Rating: 1.40
As more and more American baby boomers are nearing and entering their retirement years, many of them are concerned about whether their retirement savings will last them long enough to ensure their current quality of life, and rightly so.

Most Viewed "Finance" Articles

A Better Way To Sell A Structured Settlement - Via Auction
Written by: Clayton Frantz | Distributed: 2007-11-30 | Word Count: 1342 | Page Views: 10918 | Votes: 11 | Rating: 2.00
Structured settlements were introduced in Canada and the United States in the 1970's. They were introduced as an alternative to lump sum payments, common in insurance settlements and lottery winnings. In the decades since, they have also been accepted as legal financial instruments in England and Australia. In a nutshell, a structured settlement by legal definition is a statutory agreement to pay a specified sum of money over a period of time, on a payment system.

Using a 401K Loan to Stop Foreclosure
Written by: Daniel Lamaute | Distributed: 2008-02-11 | Word Count: 465 | Page Views: 9647 | Votes: 18 | Rating: 1.83
A bankruptcy or foreclosure can cripple one's ability to obtain decent credit for many years. In addition, some employers and landlords won't hire or rent to a candidate with terrible credit history. Thus, it is a good idea to discuss all options with a financial planner before ending in bankruptcy or foreclosure.

What Does Short, Long, Flat And Square Mean In Forex Trading?
Written by: Sam Beatson | Distributed: 2006-10-11 | Word Count: 525 | Page Views: 7554 | Votes: 21 | Rating: 2.76
Short, long, square and flat explained in terms of forex trading (Spot FX).

Why Over 3,000 US Companies Have Chosen the Frankfurt Stock Exchange to Go Public
Written by: Ron Crowe | Distributed: 2008-07-31 | Word Count: 786 | Page Views: 7417 | Votes: 17 | Rating: 1.88
The Frankfurt Stock Exchange, one of the world's largest trading centers for securities, has over 3,000 United States companies listed. North American and other foreign companies are choosing Europe, over the United States, to go public because of the punishing Sarbanes Oxley Act introduced in the United States in 2002.

Advantages and Disadvantages of Individual and Group Health Insurance
Written by: Kevin Kielty | Distributed: 2009-04-01 | Word Count: 639 | Page Views: 6500 | Votes: 13 | Rating: 2.08
The cost of individual and group health insurance coverage varies greatly as does the type of coverage they both offer. Making the switch can bring some surprises.

How to Hide Assets
Written by: Rocco Beatrice | Distributed: 2007-01-19 | Word Count: 507 | Page Views: 6480 | Votes: 11 | Rating: 1.09
How to hide your assets by repositioning your assets through an irrevocable trust with an independent trustee.

How to Avoid Private Mortgage Insurance (PMI)
Written by: Jim Cramer | Distributed: 2008-02-20 | Word Count: 523 | Page Views: 5518 | Votes: 7 | Rating: 2.14
There is more than one way to get your desired home without having the 20 percent down payment and avoid PMI at the same time.

The Good, the Bad, and the Ugly: Why Your Broker May Not Be Recommending The Most Competitive Annuity
Written by: Tom Hamlin | Distributed: 2006-05-12 | Word Count: 1036 | Page Views: 5383 | Votes: 11 | Rating: 2.64
There are over two thousand life insurance companies offering over fifteen thousand different annuities, and they run the gamut from horrific (I wouldn't offer it to an enemy) to outstanding...

Credit Card Companies Reward Consumers Who Shop Around
Written by: Braxton Heitz | Distributed: 2012-11-20 | Word Count: 1159 | Page Views: 5369 | Votes: 14 | Rating: 1.86
With Ronald Reagan came mass deregulation in many industries. One of the industries that benefited from deregulation was the financial industry. As a result, hundreds of new financial companies were introduced to the American consumer during the 1980's. With the sudden explosion of new competitors in this industry, credit card companies began to struggle with how to retain existing customers and to recruit new customers.

The Effect of Inflation and Deflation on Retirees
Written by: Irene A. Majchrzak | Distributed: 2009-10-27 | Word Count: 1324 | Page Views: 5313 | Votes: 6 | Rating: 0.83
When we worry about how long our retirement income will last, we consider so many factors. The current economy is causing a drain on 401(k)'s and IRA's. So we have become much more cautious about withdrawing money to use it as part of our pensions.

Highest Ranked "Finance" Articles

Identity Theft: The New Threat to Your Credit
Written by: Josh Pike | Distributed: 2006-08-24 | Word Count: 363 | Page Views: 4036 | Votes: 9 | Rating: 3.56
When we think of thieves, images of burglars creeping into homes and apartments come to mind. However, there are new thieves that can take much more than your money or possessions. If your personal information falls into the hands of an identity thief, your credit and finances can be ruined.

Do You Know the Difference Between an Investment Advisor and a Broker?
Written by: Tome Tomaj | Distributed: 2010-03-11 | Word Count: 408 | Page Views: 3299 | Votes: 5 | Rating: 3.40
As an fee-only investment advisor I come across clients from all walks of life. Lately I have noticed something in common with many of these investors. Many do not know the difference between an investment advisor and a broker who manages and/or makes securities recommendations for their clients' investment portfolios. With the almost unprecedented volatility in the securities markets, you cannot afford to dig your head in the sand when it comes to whom is managing your assets.

In Fear of Retirement
Written by: Daniel Lamaute | Distributed: 2008-05-08 | Word Count: 646 | Page Views: 3330 | Votes: 8 | Rating: 3.38
Many baby boomers are staring at retirement like a deer caught on oncoming headlights. They are not sure what to do or what else to do. They fear that whatever they have in savings just might not be enough. Less than 1 out of 5 workers felt very confident about having enough money for a comfortable retirement, according to the April 2008, EBRI Retirement Confidence Survey. And with good reasons, inflation is zooming at the same time that asset values are flagging.

A Recipe for Good Credit
Written by: Josh Pike | Distributed: 2006-08-17 | Word Count: 369 | Page Views: 2995 | Votes: 8 | Rating: 3.13
If your credit is not as good as you want it to be, take action now! It's easier than you think to improve your credit.

Medicaid Asset Protection
Written by: Rocco Beatrice | Distributed: 2007-01-23 | Word Count: 646 | Page Views: 3681 | Votes: 8 | Rating: 3.00
Learn how to include senior Medicaid asset protection as part of your senior tax planning strategies. What are the tax implications of Medicaid and why it needs to be planned carefully? About seniors Medicaid asset protection as part of the senior tax planning strategies. Explains the new 5-year look back provisions for seniors to qualify for Medicare assistance into nursing home program.

Equipment Financing and The Five Cs of Credit Evaluation
Written by: Sean Marten | Distributed: 2007-10-17 | Word Count: 698 | Page Views: 3471 | Votes: 7 | Rating: 3.00
Equipment financing lenders, as well as banks, use the Five Cs to evaluate loan applications: Character, Credit, Cash Flow, Capacity and Collateral. However, while banks look at small-to-medium size companies from a Fortune 500 perspective, equipment financing companies see applicants from a small business perspective, which highlights a sixth C: Common Sense.

How Do You Make Money In Currency Trading?
Written by: Tom Howze | Distributed: 2007-12-05 | Word Count: 727 | Page Views: 2837 | Votes: 8 | Rating: 3.00
The question, "How do you make money in currency trading?" is being asked by investors and potential investors worldwide as they witness the multi-year downturn trend of the US dollar and upswings in other currencies such as the Euro or Canadian Dollar.

Reverse Mortgage Costs Are Not Too High
Written by: N. Sioris | Distributed: 2008-07-29 | Word Count: 1120 | Page Views: 3407 | Votes: 7 | Rating: 3.00
Reverse mortgage costs are repeatedly cited as one of the main reasons for seniors not to get a reverse mortgage loan. However, the same folks that harp on costs as being a reason not to use this financial resource rarely offer a less expensive option or an alternate proposal. Don't fall into the trap of listening to the negative hype without doing your own research. Find out what the true costs are and whether they are justified or not. Compare the cost of a reverse mortgage to the cost of selling your home, downsizing or moving into assisted living. Pull back the curtain and take a good look, then make your own determination. Don't base your decision on an uninformed friend, relative or media reporter.

3 Mistakes Guaranteed to Increase Your College Costs
Written by: Marc R. Hill | Distributed: 2009-04-02 | Word Count: 959 | Page Views: 2579 | Votes: 5 | Rating: 3.00
The decision to reduce your college costs is entirely in your hands. While it's commonly believed that there's nothing you can do to reduce these expenses, as a financial planner and as a parent, I can assure you that the strategies not only exist, but they're also very effective. But on the flip side of the college funding coin, there are some pricey mistakes that any parent can make. Let's take a look at three of these mistakes.

How to Invest in a Rough Economy: Investment Advice from the Experts
Written by: Sarah Simmons | Distributed: 2009-07-08 | Word Count: 692 | Page Views: 2980 | Votes: 9 | Rating: 3.00
The stock market crash of 2008 lost many investors a lot of money, and had many other investors bailing out of stocks for the safety of savings and checking accounts, treasury bills and gold. However, it is still possible to invest - and yes, even make money - during the current rocky economy.

Download an eBook today
Directory Navigation
Locate By Category:

ALL Categories
Arts & Crafts
Arts & Entertainment
Business - Offline
Business - Online
Food & Drink
Health & Wellness
Home & Garden
Nature & Pets
Real Estate
Self Improvement
Sports & Recreation
Travel & Leisure
World Events
Writing & Speaking

Change Number of Results:
50 - 100 - 200 - 500
Article Reprint Rights
Creative Commons License

This work is
licensed under a
Creative Commons

You are not required to show the creative commons license notice when you reprint this work.
Article Statistics
Word Count: 2376

Total Views: 3627

Article Rating: 2.50 of 5
Votes Cast: 8

More Articles By Author:

Last Distribution Date:
2009-03-18 11:00:00

Internal ID: #6624

All Articles are Copyright © 2001-2019 of the Defined Authors.

All other material and images on this site are:
Copyright © 2001-2019,