The New Great Depression: Three Golden Rules to Keep You Safe and Secure

With the collapse of Lehman Brothers, the latestCan't Get Fired
bailout of AIG and the worst week for the stockTake a stroll down Wall Street this week and you
market since the terrorist attacks of 9/11, theremay see some guys in $1,000 suits selling apples
is no longer any doubting that we are in someon the corner. The impact of the current
serious economic trouble. If you are beginning toeconomy on jobs, both in the finance sector and
get nervous you are not alone. Make no mistake,outside, will be huge. With some of the world's
these are scary times. However, if you keepleading firms crumbling and investment income
your head and follow a few simple rules, you willplummeting, holding onto your job may be
be OK. While everyone's financial situation istougher than ever. The key is to bury your
different, here are a few golden rules to get youenergy into overperforming on your job. Focus on
safely and securely through the tough timesbecoming absolutely essential to your company's
ahead.success, whether they're doing well or not. They
1) Live Lean and Cleansay that a good company needs good
Now is not the time to take on any newaccountants and a bad company needs great
significant debt or make any significant purchases.accountants. For those of you lucky enough to be
The name of the game now is reducing yourholding on to accounting degrees, take a deep
expenses and lowering your monthly financialbreath. You picked the right major in college! While
needs. Are you used to eating out every otheryou watched your finance major friends collect
meal? Stop right now. While you may feel thatbonuses that were double your whole salary, your
you are still capable of affording this luxury, thattime has now come. Accounting jobs are the
could change at any time. Get in the habit ofplace to be. To get more info on why this is such
preparing your own meals and reducinga great career path, please visit http:/ . OK, I'm
extraneous meal expenses. Learn to budget youroff my soap box now.
groceries and focus on what you really need.No matter what your profession, the truth holds
Stock up on staples, learn a few cheap and easythat you need to focus now on security. Forget
meals and build these into your weekly diet. Focussqueezing your boss for every penny you can, or
on eating healthy foods and avoid empty calories.trying to fly up the company ladder. Right now
Why pay for a 1,000 calorie piece of cheesecakethe name of the game is building a niche with
that is not going to provide you will any nutrition?your employer that would make you irreplaceable.
Skip it.This can be done by overperforming your current
As for luxury purchases like electronics, put a caproles, developing new procedures that could not
on it right now. Thinking of buying a huge 1080 dpieasily be replicated if you were to leave and
plasma TV for $2,000? Think again. As thebecoming the "go to" person in a specific area.
market continues to sour we may see some3) Take Comfort in What You Have
deflation around the corner. This will make manyAnyone can cut their expenses and hold onto a
financially illiterate consumers jump on the 0%good job, but not everyone can be happy doing it.
interest promotions from Best Buy and CircuitNow is the season of being happy with what you
City. Trust me, the last thing you need is anotheralready have. There are many out there that will
monthly payment for an unnecessary product.not weather the storm as well as you. Any time
While these promotions are attractive, if you missthat you realize that your smart living and thinking
even one monthly payment you could behas helped you out, take a moment to praise
smacked with HUGE interest penalties and fees. Iyourself and be glad. Is your co-worker
know this sounds old-fashioned, but now is theforeclosing on the house you knew he couldn't
time to focus on cheap entertainment. If youafford while you're cozy in your small but well
haven't been to your local library, now is the timefurnished apartment? Is your buddy selling his
to do so. If you can't quite make that leap, athuge TV for a huge loss while your money is
least buy some used books. My personaltucked away in savings? Good job! The economic
recommendation, War and Peace. At 1,400 pagestide will surely turn, but for now just focus on
you're looking at pennies an hour of entertainmentliving within your means. These skills, especially
even if you buy it new.learning to appreciate what you have, will pay off
2) Don't Be Greedy - Be the Guy (or Girl) thatbig now and in the future! Good luck.