Here's yet another news story about people who seem to be lining up to get psychic advice on what to do in a bad economy. According to CNN's Christine Romans, they're paying for this kind of prediction: "The housing crisis will deepen, the country could fall into a depression and laid-off workers may need to start their own business." Ms. Romans notes there's even a website that links up psychics and customers who want such advice.
But I'm with advisor Ryan Mack who told Ms. Romans that spending money on a psychic might be better put into a savings account. "You have the ability within yourself to save, to plan and to be diligent." In other words, you don't need someone else, either him, or a psychic, to tell you to cut back on dinners out, premium cable, or pricey vacations. Put that money away somewhere, in a bank account if you trust your local bank, or in a cookie jar if you don't.
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