Be a Dividend Millionaire: A Proven, Low-Risk Approach That Will Generate Income for the Long Term

1. Lessons to Learn from the Recent Economic Downturn

An economic downturn is not always a bad event if we can learn from our mistakes and make the necessary changes. In one way or another, all of us played a role in creating the economic crisis of the late 2000s (and subsequent fallout), but hopefully we’ve learned a few lessons as a result. Economic mishaps can easily reshape an entire generation’s beliefs about the nature of the economy and the risks involved. Just ask anyone who experienced the Great Depression—many of those frugal folks still save rubber bands and tin foil! The unfortunate truth is that we tend to change only our personal spending and saving habits if we personally experience an economic crisis. I have outlined the eight ...