Do you know what a "looming fiscal cliff" is and why it is important?
So the question of the day is, how many of you know what "Taxmageddon" or the "fiscal cliff" really means? It is a word that has been tossed about in the news media for nearly 6 months now. Has it just sounded like a scary word about taxes? Or do you know what it actually means?
In my new novel, "You Heard It Here First," the main character, Haley, finds herself in the middle of a political scandal regarding taxes. When I wrote it- more than 6 months ago- I had never heard the terms "fiscal cliff" or "taxmageddon." You can only imagine my surprise when I began to research those terms a few weeks ago, and discovered that the completely fictitious storyline in my book, is actually a real life scenario right now (minus the political subterfuge and bad guys plot).
Just like my character in the book, I'm starting to see a need more and more for women to learn and understand financial responsibility. I wrote a blog piece for the Motley Fool ("5 Ways to Protect Yourself from the Looming Fiscal Cliff") that hopefully explains what is going on right now, and why it is so important. And hopefully I wrote it in plain enough language that anyone could follow along.
Normally I just post pieces and say, hey, go check out my latest article! But today I'm going to ask you to check it out because I really do believe it is important to understand. The "fiscal cliff" or "taxmageddon" (which, btw, are the same thing) is not only very real, it is a very real threat to you personally, and to the economy. And once you understand the reality and severity of the situation, you'll see why those 2 names are not just for dramatic effect. The potential fallout of the current situation really would be a financial Armageddon!