Archive for the ‘Debt Elimination’ category

Before Investing In Alternative Energy, Eliminate Credit Cards And Other Debt

September 28th, 2009

mastercard

Lately I have been touting one of the best alternative investment opportunities of the decade, namely service stations.  Before you invest in anything, however, you need to make sure that your current financial house is in order.  Talk show hosts like Dave Ramsey (daveramsey.com) and others continuously stress the need to eliminate debt first. Get rid of ALL credit card debt and follow this sound advice, as we are currently going into another round of financial challenges which may last several years.

My concern is that there will be zero public support to have the taxpayers again bail out the companies that were in trouble and remain problematic.  I would not invest in domestic stocks, and especially those that cannot support or do not pay out dividends.  If you still feel compelled to do so, however, I would look at some equities such as the high yield monthly dividend payers (see http://www.monthly-dividend-stocks.com) which will at least return some cash to you along the way down. 

The above stated, watch foreign currencies and look to buy and store your own petroleum in your own gas station tanks. 

In future posts here, there will be more to come on converting your station to bio diesel and solar plug-ins.  After all, if the government will invest in these technologies why not you too?

Contributed by Peter Grimes on September 28, 2009

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