How to Prosper in an Economic Boom

This blog post main idea is all about what are the smartest decisions to make in both an economic boom and an economic downturn. The best things to do in an economic boom are to try to move up in your job, save your money instead of spending, and continue your regular investing. In an economic downturn you should keep working hard at your job and you will be ahead of everyone else because of the little spending you did in the boom. You would also want to think about buying a bigger house and using your house as a rental property. Finally you should invest more into the stock market and buy up on shares.

The most conventional, usual or habit that is thought about this topic is that you should try to spend less during an economic downturn but during an economic boom you should spend money while you can. Mr. Money Mustache on the other hand believes that you shouldn't spend money during an economic boom rather you should spend money during an economic downturn. His idea is a good idea, I think, but I don't necessarily agree with the idea that you should move to a bigger house in a downturn. I do like his ideas about saving money in a boom then being able to spend money in a downturn and not struggling as much.





http://www.usa.gov/topics/money/investing/tips.shtml
 This is a good site to show you the best way to invest your money and the wisest decisions to make when deciding where to put it.