1. Don't spend more than you have to spend. Remember the stories about the good old days when people made gifts or bought in bulk? Well, for many Americans, due to job loss, shrinking credit card limits and overall financial uneasiness, welcome to the good old days of NEW. Check out those glorious fixer-uppers-remake trash and turn it into treasure, like on the chic treasure television shows! Get out your craft baskets, glue guns, saws, hammers, and/or paint, or whatever it takes to create or decorate. Shop in bulk and be creative about saving money!
2. Instead of wishing for a personal financial bail-out, create a backup plan instead. In an economy where everything is not certain, you can be certain about one thing: Everything is not certain. Instead of sitting around thinking "it could happen to me, couldn't it?" get ready for any type of sudden economic crisis. Many financial analysts recommend that you should have at least enough savings to be able to pay your bills at your current rate for at least 3 months. If you have this already, it does no harm to attempt a 6 month term. Your cash flow challenges will not likely change right away with all of your debts forgiven. You will probably be fully responsible for them. So stop whining and start planning. I mean that with all the love in my heart, really I do.
3. Even if it hurts, think about the future. Take a long look at your current financial situations and think about savings, disability, even death. Some people still believe that having a diversified investment portfolio can withstand a poor downturn in the market, yes even another one. At all costs, start to build wealth, even one penny at a time!
4. Seek new solutions to old problems. Create a new Cash Flow and Change your Spending Habits! The jeopardy question of the day is: what do you do if you don't have enough money? The wrong answers are: create more debt by taking out loans (yes, I am also talking to Wall Street) and overspending. Here are the right answers: CREATE A NEW CASH FLOW! ADD TO IT by getting a part time job, being a consultant, or working a few hours during the holidays...Try to increase your cash flow AND change your spending habits.
STRATEGY:
Start off keeping a daily cash journal like the one I will offer shortly at http://asklynnjohnson.com. In the meantime, call Pebbles and order a Motivational Success Journal for $14.95 plus tax. Save gas and put it on your credit card and we'll ship it ($1.50 shipping). Keep track of your life, finances, and dreams. Take control over your life, don't merely react to it! Try to do it for at least 2-3 months. Once you live consciously, all areas of your life will improve even your money! You will save money, cut down on stress which will improve your relationships, and perhaps even find a new passion that leads to fulfillment. If you can start making smarter decisions about your finances, you can also make better decisions about your life! And if you are saving so much money that you want to just pass it out, remember all the free advice I gave you and pass it on! Give some money to charities.
Prosper!
Coach Lynn
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment