Your Survival Guy’s Best Money Advice in Times Like These

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Your Survival Guy’s best money advice in times like these is to get out of debt. I know, I know, how boring, especially when you’re reading about how everyone’s borrowing on margin to juice returns. But here’s the deal. Take a step back for a second and consider how valuable each and every dollar you save really is. Because when interest rates are a half of one percent, you need $200 to make a buck in interest. If you’re carrying debt then get out of it. Plain and simple. Your cash money is just too important to risk losing it. This is not a time to lever up. This is a time to escape DEBTORS’ PRISON. It’s not about return on assets. It’s about return of assets.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.