CHRIS & COTY'S MONEY TIPS

As you know, the FDIC increased the insurance on bank deposits from $100,000 to $250,000 as part of the Federal Reserves' Rescue Plan. Moreover, while there are over a dozen banks that have closed and projections that hundreds more will follow suit, the FDIC will intervene and take over the banks in question.

In cases where your bank merges with or is purchased by another bank, you will still have access to your money and can continue to conduct business as usual. In fact, according to Kiplinger, "Both the FDIC's Web site and the National Credit Union Administration's site have a calculator that allows you to plug in all your accounts and the amounts deposited so you can find out whether any of your money is uninsured.

Read more

There's still time !

Retirement may be a long way off for you – or it might be right around the corner. No matter how near or far it is, you’ve absolutely got to start saving for it now. However, saving for retirement isn’t what it used to be with the increase in cost of living and the instability of social security. You have to invest for your retirement, as opposed to saving for it!

Read more

"Times are tough" is a bit of an understatement !! But believe it or not, fortunes are made during tough economic times.

My first piece of advice? DON'T LISTEN TO THE DRIVE-BY MEDIA !!

It's too depressing and they never give you the whole picture of what's going on. Sure, all of us are thinking about tightening our belts, not buying things we don't really need right now. But life goes on. WE WILL GET THROUGH THIS !!

Please, do yourself and your family a favor and start reading some of my favourite books, some of them I found to be lifechanging !!

Especially check out the books by Andy Andrews !

You'll find them HERE.

Everyone I have talked to recently, both young and old, say the same thing; times are tough, money is short. And all of them are talking about setting up a budget. Unfortunately, most them don’t know where to start.

Read more