The best personal finance advice works in any economic situation. Spend less than you earn. Invest in many different things. Avoid debt, unless you can get a return that exceeds the interest you’ll pay on that debt. Save for purchases you know you'll have. It is those timeless principles, when well understood, that will guide you no matter what the economy is doing. Specific advice is usually these same principles for a moment in time, and when those moments pass, that specific advice becomes far less useful. It is far better to understand the true ideas behind them. See you next time Finwiz.
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