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Thursday, October 9, 2008

And October's emphasis is...

The emphasis is on money this month: how to get it, keep it, grow it and spend it. The global crisis is sending shockwaves into each and every nation where there is a financial market and it does not seem to be over too soon. Better be prepared if not already otherwise the consequences may be dire. Buckle-up and weather out this storm period.

Along with acquiring and using money in smart ways are issues concerning credit, debt, interest rates and the way your money is being managed. Look at the housing market and stock market. You are advised to do very careful research during the advanced 3 weeks before applying for loans or credit. Instead of spending additional money on new items, do what you can to pay down existing debt. If you're stretched to the max, remain as calm as possible and check out any and all options that help you protect yourself, your income and quality of life. Job seekers may get jobs but not receive the same level of pay that they would have a year ago.

If you're not on the jagged edge financially, don't quickly make any final decisions that affect your finances. Take your time, you'll have a better view of things. You'll also be treated with greater respect. You may also be paid more or receive benefits that you wouldn't ordinarily get.

If you feel pressure to make a choice and hurry through a process, don't. If at all possible, keep yourself steady, focused and calm for just a few more days. If you jump the gun or feel so nervous about money that you agree to less than ideal terms and sign documents, you're likely to be at a loss. Rewards and opportunities are only what you make of them. Remain calm and very hopeful - and you'll probably be better off.

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