How to Handle a Good Old Market Spanking
I’m guessing there are a lot more people paying attention to the stock market than we’ve had over the past few years.
Market volatility tends to break folks out of their daydreams and yank them back to reality.
Having experienced both the 2000 dot-com and 2008 great recession at varying levels of participation, I have enough perspective to distinguish between a real market spanking and a milder pinch.
A real spanking would require the S&P 500 to drop to the 1400-1500 range from its recent high of 2873.
If you’re carrying a great deal of debt, and your income barely covers your expenses each month, the stock market should be the least of your worries.
Your only focus should be to destroy that debt.
The faster you do it, the quicker you’ll be able to graduate to wealth accumulation.
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