With the election over it seems that the consensus of the voters is that they would like a little less consensus, at least in Washington. With a new Congress and reshuffled majorities, I offer a little financial advice that most Americans already live by:

  1. Try to avoid spending money you don't have.
  2. OK to borrow when you make a major purchase (a house, a car) but be sure you can handle the payments.
  3. Don't borrow money to pay for movie tickets or chips at the casino.
  4. Good financial times come and go; keep an emergency reserve for the tough times.

There's more, of course, but a cynical blogger will stop here since it's not likely that Congress will follow the basic guidelines that every prudent family already knows. And lest I forget the Empire State - we will soon have a Governor who may not be a regular on Saturday Night Live. Good luck to him and our new Lieutenant Governor. And here's hoping they try to follow these financial guidelines as well.


(This article contains the current opinions of the author but not necessarily those of Brighton Securities Corp. The author's opinions are subject to change without notice. This blog post is for informational purposes only. Forecasts, estimates, and certain information contained herein should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities).