When we went to war, the President called for us all to assist in the effort by buying more stuff. Well, hopefully we are all clear now that buying stuff is not a way out of this mess.
For those who are ready for action, here are two ideas for what you can personally do to strengthen our economy.
- Lobby Congress to allow for loan modification in bankruptcy. We must stem the tide of foreclosures if we are to reverse the current negative economic cycle. This recommendation comes from The Center for Responsible Lending. http://www.responsiblelending.org/
Your personal interest is aligned with the greater good in this case. With every home in your neighborhood that goes into foreclosure, your home loses $3000 in value, on average. Learn more at:
http://www.responsiblelending.org/issues/mortgage/subprime-mortgage-crisis.html
- Ask lenders you do business with to tell you their home owner’s preservation rate. Hold lenders accountable for their actions.
May prosperity be yours,
Mackey McNeill, CPA/PFS, IAR
President and CEO
Mackey Advisors
www.CultivatingProsperity.com
859-331-7755
Mackey@CultivatingProsperity.com
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