Welcome to PFI and the weekly updates. The markets continue to remain highly volatile and the global economy is slowing. Many people believe we are heading for a deep recession or even a depression. I think the depression talk is a little overdone but I hear a lot of people talking about it. I believe we are in a deep recession already and it will worsen over the next year. On a positive note, I am really looking forward to purchasing gas for under $3 per gallon! Even with cheaper gas, our family is continuing to follow steps put in place to cut back on energy consumption. We are also going to keep working on our plans for preparing for a financial crisis. I am still a firm believer of freeing up cash right now so it can be used for an emergency situation or to purchase stock in some great companies that have been taken victim from the economic downturn.
PFI Updates & News
AdSense - I am finally breaking down and will be testing out adding some AdSense ads to PFI. I had originally opposed adding any AdSense ads for personal reasons but have decided to give it a shot. If I am able to generate any sizable income from using AdSense, I plan on donating a portion of it to charity. I was reading an article last evening from Dawn at Fighting Foreclosure where she felt it was still very important to include charitable donations in your budget. I have always told myself that I would eventually ad donations to my budget when I had more money. That is selfish and I decided that I need to start giving something back. I am looking for some good quality charitable organizations so please let me know if you have any suggestions. I also plan on donating a percentage of the income I will be earning writing articles on PayPerPost.
Blogging Group - I recently joined the Blog Traffic Group created by Compounding Dividends. This is a Yahoo! group that was formed to help fellow bloggers increase traffic to their site through Stumbles and Diggs. I submitted one article to the group last weekend which was Stumbled. As a result, last Sunday was my highest traffic day ever with a 75% increase from my previous highest day. I was actually very surprised it jumped that high with only a few members. If you are interested in increasing your traffic, I suggest you head over to Compounding Dividends to check it out!
Contest - There is still time left to compete in the $250 dollar giveaway going on over at Compounding Dividends. There are several cash prizes available where you earn points from commenting on the site or by writing on your site about the competition.
Have an excellent week!
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