PFI Weekly Updates - September 30 (2008)

photo credit: vgm8383Welcome to PFI and the weekly updates. As everyone is well aware of by now, the federal bailout was voted down yesterday and we saw the largest single day point drop ever on the Dow Jones. The banking and housing sectors are in disarray and the economic slowdown will more than likely begin to trickle down to the rest of the economy. This will probably mean job cuts and reduce spending over the next several quarters. I don’t think it is time to panic and paint a doom and gloom picture. However, now is the time to plan ahead and be conscious of what is going on with our economy. I mention it almost everyday on PFI, but you really need to think about diversifying your income the same way you should with your investments. There is an excellent article over at Moolanomy that provides and extra income guide to help get you started.

Carnivals
September 29, 2008 - I had an article included in the Carnival of Personal Finance #172: Meltdown Edition hosted by DebtKid. I would like to thank DebtKid for including my post - Citi Cards – Thank You!.

September 25, 2008 - I had an article included in the Finance Fiesta, buzzer-beater edition carnival hosted by Mighty Bargain Hunter. I would like to thank Mighty Bargain Hunter for including my post - Profit in tough financial times.

September 24, 2008 - I had an article included in the Money Hacks Carnival #31 – Crisis And Bailout carnival hosted by Pinyo over at Moolanomy. I would like to thank Pinyo for including my post - The upside of a late loan.

September 22, 2008 - I had an article included in the Investing Carnival #14 hosted by Disciplined Approach to Investing. I would like to thank Disciplined Approach to Investing for including my post - Wachovia Covered Call Contracts.

Articles I liked this week
Here are some of the articles I enjoyed reading over the past week -

1 - Dawn at Fighting Foreclosure tells us the importance of hainvg an emergency fund from first hand experience. With the economic crisis at hand, I think it is even more important to be working on your emergency fund.

2 - Dividend Growth Investor gives us a list of income producing stocks to keep an eye on in this tough economic climate.

Have an excellent week!

Tagged as: Weekly Updates