JG: There’s always a light. It’s just a matter of time. If rates stay low, the light at the end of the tunnel is going to be far, far away. Unemployment has to change and the economy has to turn. When is that going to happen? That is the million-dollar question. I’m hoping within another year, although I cannot predict what the effect will be of Obamacare, which will be implemented in 2014.
DN: Thank you for your thoughts Joe. Any final tips?
JG: Live within your budget and plan ahead. It goes back to the old basics, you know, when times are not that predictable and the economy is not as good as it needs to be. You have to know your budget. Most people don’t. They just live. Sit down, figure out what your income is, have a reserve fund if you have something extra, and budget accordingly. Make a strategy for where you want to be and you can get there.
Lee Benson's About Utah column runs Mondays. EMAIL: firstname.lastname@example.org
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