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When you are in the midst of a global recession it can be a little tough to find a good place to put your money. The fact is that you can’t just take your money and stuff it under your mattress. So when the market is up and down and there is a large amount of financial instability where do you put your money and where do you not?

The first place you do not want to make an investment is in the stock market. Not unless you have a great hunch that pays off huge and even then it is still not a good move. The stock market has fluctuated around the 10,000 mark for months. Also, the financial reports that keep coming out are not leading to confidence in purchasing stock so at best stocks are being held for a few days and then sold off for small profits or losses.

Usually when the market is bad, in the past people have put their money into land and homes. Not now though. With the collapse of the mortgage market two years ago the housing market has yet to recover. While land will never lose 100% value, it is not gaining much value. Sure maybe down the road it will recover, but that will be after the foreclosures have slowed, and those homes are purchased, and the homes that the average person is trying to sell are purchased, and then a spike in new home production should occur. So as you can see the real estate market has a long way to go.

Right now if you are looking for a safe investment, and one that may have a decent yield the answer is gold. In tough financial times smart investors always put their money into things like gold. The reason gold, silver and even copper are good investments is because they will always have value. Over the past 2 years gold has gained more than $400 per ounce. That is a pretty remarkable return in this current market.

Have you ever heard someone complain about their job? Of course you have. It happens so often that it’s become a running joke. It’s almost weird if you don’t hate your job. People talk about things such as the Monday blues and the 9-5 grind all the time.

It’s a way to connect with others since many people know exactly how you feel if you brought these topics up. Although this can pass some time, if you think about it, it’s sort of a sad way to live. For most of your adult life, you will have to go to a job you don’t particular care about, do things you would rather not do, and spend time at a place you would rather not be at just for money.

That’s the main motivation here isn’t it? If you had all the money you need to pay all of your monthly expenses, would you still work at your current job? Most people would quit their current job in a heartbeat and find a line of work that they actually enjoy.

Imagine that kind of lifestyle for a second. What would you spend most of your days doing? If you had enough residual income, this life that you’re thinking about just now can be possible. You don’t need to be a millionaire to retire. All you need to do is build enough residual income to offset your monthly expenses and you’re basically set.

One of the things that people look forward to is going on vacation. The problem is that most people will inevitably have to think about going back to work once the vacation is over. A life with residual income means you can stay on vacation until you’re homesick and ready to go back home.

In order to make residual income, you need to do some research on businesses that will create it for you. You can start an internet business if you are low on funds or put some money into an investment that pays dividends on a monthly basis. The goal is to figure out how much you spend each month and to make enough of this type of income to cover it. Once you get to that point, your life will be one that most people can only dream about.

Are you tight on bills this month and looking to make next months mortgage payment but have more month than money?  In fact you may be on the line of falling into foreclosure.

In this article I’m going to show exactly what happens in the foreclosure process and how stop a foreclosure once and for all.

The foreclosure process starts when you miss your monthly payments.  However a lot of times they will not file what is known as  a notice of default until you have missed at least 3 payments.

Once you are in foreclosure the bank will begin the process of taking your home away from you and by this time if you have not gone to them and paid your mortgage current they will usually give you 90 days to move out.

This can be bad new because once you move out you will still owe them the money and will no longer own the property which means everything you have worked so hard for will be gone including the equity you have built up in the home.

In order to stop this from happening to you, you need to contact your lender at the first sign of trouble, not when they send the notice of default to you.  Contacting you lender is the first thing you should do in this situation.  Start by seeing if they may be able to refinance your loan to a lower payment.

Their are many different types of home loans available out there and your lender may be able to help you get approved for one of them and save your home.

However lenders will usually wait before handing you a notice of default if you have a newer loan and are paying more in interest to the lender they may be more willing to work a deal out with you.

On the other hand if you have had your current loan for 20 years or longer, lenders will be earning less interest from you and may be more willing to foreclose on you a lot quicker.

To rap up this article just know that you need to act fast at the first signs of trouble and talk to your lender before it’s to late.