The housing market is in shambles and every day the bleak news seems to get worse. Foreclosures are now at a vestige high and economists predict the pace won?t slow down for at least another 6 months. Behind the grim statistics are families who are struggling and desperate, trying to figure out how to hang on to their homes and ease their money woes.
While the Federal Reserve cut the interest rate in an trial to prevent the housing slump from spurring a recession, people can?t count on the government to be a knight in shining armor, saving them from financial ruin. If you?re one of the millions of Americans consumed with stress over your economic location, it?s time to take action. The longer you wait, the harder it will be to make progress.
Five ! Key Steps to Regain Your Financial Health:
* Assess your situation
Make an honest assessment of your current finances. Determine how much money you?re forking out each month. Don?t forget to include expenses such as medications, school lunches and dry cleaning.
* Decide where you want to be financially
Setting goals will help you focus. Decide what expenses you can realistically cut (daily mocha lattes, take out dinners, etc) to help create your action plan or roadmap for reaching your goal.
* Make goal-based decisions
Make decisions based on whether they bring you closer to or further from your financial goals. Signing up for premium cable packages when you?re struggling to pay the doesn?t bring you closer to your goal.
* Do something every day to move you closer to your goal
Attend a money ment workshop, read a financial advice book, or consult professional help. Whatever it is, find a way each day to acquire more skills and! knowledge about currency.
*Learn to manage the money y! ou have now
Money management is the most critical factor in building wealth; learn to manage the money you have now regardless of the amount
Barbra Williams, a self-made millionaire, success coach and spokesperson for the Success Institute of America understands why so many Americans feel anxious not far from their finances. She firmly believes health is about more than money. She says when people are under fiscal duress it affects all areas of their lives. That?s why it?s so captious to take action.
?Financial problems hurt more than your bank computation,? says Williams. ?When you feel stressed about money, that anxiety has a negative impact on all areas of your life?your relationships, your job and your . I bet you find yourself snapping at your and constantly distracted by thoughts of how you?re going to pay each bill. It?s definitely not a healthful way to live.?
Williams says it?s important to start your roadmap for the events to come as soon as possi! ble. ?Carve out some time to sit down, grab all of your bills and outline your roadmap. Simply taking that capital step will instill a sense of relief.?
Available at: www.incometoday.net
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Williams is a very much successful entrepreneur. She built a million dollar company from the ground up with just $500 cash. She is also a success coach and mentor, specializing in personal and financial development training. Through the Institute for Success, she has helped thousands of businesses, professionals and individuals achieve their goals.
Williams is a highly sought after lecturer/instructor who teaches management, marketing and entrepreneurship for many college and government programs. In addition, she?s popular on the visitor speaking circuit. Countless network marketing representatives, real estate agents, and other professionals including doctors, athletes and various business owners have turned to Williams for her vast expertise.
Williams ! and her husband Steve have three daughters. She is very presum! ptuous t hat her entrepreneurial efforts have allowed her to raise her girls personally- no daycare or babysitter.
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