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(Page last updated 26 March 2009)
Recession proof your finances and your career
When it comes to surviving turbulent economic times, information can be key!
Books:
Some interesting recent books added to our collections.
101 ways to recession-proof your career, by Wendy S. Enelow.
"One of the country's leading career counsellors tells readers how to protect, manage, and advance their careers in any environment Even in a recession, thousands of opportunities still exist for the prepared, success-oriented employee, not merely for employment, but for career advancement, higher pay, and heightened job satisfaction. In 101 Ways to Recession-Proof Your Career, Wendy S. Enelow empowers readers with the knowledge and skills they need to successfully plan, manage, and control their careers. Throughout, she shares her own experiences and the experiences of dozens of other top career counsellors. From making oneself indispensable to a current employer, to parlaying skills and experience acquired in one sector into another, this motivational, reassuring guide arms readers with proven strategies for guaranteeing that they have the satisfying, well-paying careers they want and deserve, in every economic climate". -- Library Catalogue
Women & money: owning the power to control your destiny, by Suze Orman, Bestselling author.
"... encourages women to "give to yourself as much as you give of yourself" in her ninth financial advice book, sure to resonate with legions of readers who will appreciate her straightforward advice and supportive tone. Aiming squarely for a female audience, Orman guides readers through the very basics of finances. She explores why women have dysfunctional relationships with money and notes the ways they undervalue themselves or "treat themselves as a commodity whose price is set by others," while also sharing the story of her own evolving relationship with her finances. Though her explanation of the "8 qualities of a wealthy woman" (harmony, balance, courage, etc.) is more inspirational than practical, she also presents a concrete five-month "save yourself plan" for financial repair, starting with setting aside checking and savings accounts, fixing one's credit rating, saving for retirement, setting up a will and purchasing home insurance. This encouraging guide will not intimidate women who are foundering financially." (Library Catalogue)
Credit hell: how to dig out of debt, by Howard S. Dvorkin.
"Each year, millions of Americans sink further into debt and the sad truth is that most Americans have been conditioned to believe that debt is a normal part of life. If credit problems are adversely affecting your life, there are ways to improve your financial situation, and Credit Hell: How to Dig Out of Debt can show you how. Written by Howard S. Dvorkin - a nationally known expert in the debt counselling field-Credit Hell walks you through the "getting-out-of-debt" process from assessing the state of your finances and developing a budget, to negotiating with your creditors, consolidating your debts, and rebuilding your finances after your money troubles are over. Filled with in-depth insights and practical advice, ... If you want to dig yourself out of debt and stay out of debt in the future, pick up Credit Hell and discover the best way to regain control of your financial life." -- Book Jacket
The net worth workout: a powerful program for a lifetime of financial fitness, by Susan Feitelberg.
"Good financial health has a lot in common with good physical health. Follow the latest fads or "instant fitness" promises and you're likely to be disappointed. But if you take a sensible approach and stick to it, you'll be amazed at the results! If you're ready for a lifetime of financial fitness, try this program already used by thousands of the now financially fit. Read The Net Worth Workout." -- Book Jacket
The total money makeover: a proven plan for financial fitness, by Dave Ramsey.
"The success stories speak for themselves in this latest book from money maestro Dave Ramsey. Instead of promising the normal dose of quick fixes, Ramsey offers a bold, no-nonsense approach to money matters, providing not only the how-to but also a grounded and uplifting hope for getting out of debt and achieving total financial health." (Amazon.co.uk)
Catalogue Quicksearches:
Try our catalogue quicksearches below for more money and financial planning books:
Articles from our online databases:
- Personal Finance: 20 Dos & Don'ts for 2009, by Ben Steverman, Business Week Online; 18/12/2008.
The article presents 20 savvy concepts on how to keep one's financial house safe and sound ...It cites the first three ideas which includes not trying to predict the future, keeping enough cash for availability, and investing internationally. It points out that the past year has given investors an idea of how bad market conditions can get and advises that in the future, they should evaluate the risk they are willing to take and how long they are willing to wait to get outsize returns. - Ages 25 to 35: Start Saving Now, by Lauren Young, Business Week; 29/12/2008 Special I Issue 4114.
The article reports on saving and investment for the age group 25-35. People in this age group should be aiming to save 20% of their income as well as to be retiring debt. Equities are good investments as prices are low and people aged 25-35 have a long horizon. Also, setting up an emergency fund of between 6 months to a year's supply of cash is a good idea in case of a layoff. - Can you handle the risk?, by Rosalind Resnick, Entrepreneur; Jan2009, Vol. 37 Issue 1.
The article elaborates on the importance of risk management during the economic downturn in the U.S. During this situation, most investors panicked when market collapses because most often, they end up losing their initial investment as well as the opportunity for upside. Before one decided to invest in the stock market, it is advised to consult an investment advisor about ones long- and short-term financial objectives and create a plan that provides the potential for capital appreciation. - How to Not Go Broke, by Eleonora Barak, Men's Fitness; Dec2008/Jan2009, Vol. 24 Issue 10.
The article discusses the ways on how to save money for the holidays. Financial planning specialist at Diversified Investment Advisors, Jeremy Vohwinkle, said brown bagging lunch can save thousands a year. It suggests unplugging appliances when not in use to lessen ambient electricity, which could account for up to 25% of power bills. Vowinkle added that lowering the thermostat, with each degree dropped below 70, can reduce the electrical bill by as much as 3%.
Interested in more articles? Try our online databases, especially Ebsco's MasterFILE Premier for magazine and newspaper articles from your favourite publications. (Want to check coverage? Here's a full list of publications available through MasterFILE Premier.)
