Michael on October 31st, 2007
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Moments ago, the Federal Reserve cut interest rates by a quarter point to 4.5%.

You: Is this a big deal?

Sure, to some people.

You: I don’t care about “some people.” Is this a big deal for me?

Nope.

You: How do you know?

Because if you have to ask, it’s not a big deal for you. Truth is, for the average consumer, the only thing special about today is that it is Halloween. That’s it. And that’s what I told CNN Money.com when they asked what I thought.

I hope you enjoy the article. More importantly, keep focused on your long term financial goals. Short-term interest rate changes don’t matter as you create and live your long-term financial plan. One that will have you living Beyond Paycheck to Paycheck.

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