Saturday, June 7, 2008

Oil = Economy Downturn

In the coming weeks there will be several posts which discuss the impact on savings and lifestyles around the United States from escalating oil prices. Oil aka the worlds liquid gold has long been "cheap" in perspective to where prices could be. For much of the nineties oils was at $30 a barrel. Over the last two years oil has gone from $80 a barrel to $138+ closing price on Friday June 6th, 2008. The WORLD will be impacted by this price rise and the amount you as an individual can save will also be impacted. The article below was recently featured on yahoo.com, what are the leading countries around the world going to do about oil?

http://news.yahoo.com/s/ap/20080607/ap_on_bi_ge/oil_meeting

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About the blog and myself

What can I tell you about myself and the blog. First, I have stresses like everyone else, I am continuously working hard to conserve my funds, while also taking time to enjoy life. After spending my entire childhood and college years in Maine, I moved to Connecticut to pursue my career. I went to Sanford High School and Bowdoin College (both in Maine). Both of these schools taught me a lot but there was one critical element missing from my education. How was I going to save, what was I going to save for and what financial tools should I utilize??? My goal with this blog is to give students and young professionals the upper hand in preparing for their financial future. There is a huge disconnect regarding how we teach "older professionals" to invest as opposed to "younger professionals". Hopefully this blog is able to confront that disconnect and provide a guide to investing, home buying and some of the other financial walls that spring up around "young professionals". For all of my readers please feel free to add posts and to ask questions. Also check out my store, which has some great books and practical business products. Happy Viewing!!

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