Who Cares About The “Fiscal Cliff”?!

by Steven on December 4, 2012

Everyone is worried about the so-called “Fiscal Cliff” but have you every really thought about how you would really be affected by the so-called “Fiscal Cliff”?

If you’re like most you’re probably barely making ends meet, but who’s fault is that? Is it your bosses fault for not paying you enough to make it? Is it your fault for living beyond your means? You’re probably going to go off your own financial “Fiscal Cliff” regardless if the government works out a deal or not.

Here are some steps on how to avoid falling over your own personal “Fiscal Cliff”:

Here are the 7 Steps to getting your financial house in order…

1. Stabilizing your household situation – you’ll never be able to pay off any debt if you can’t ensure that you and your family has a roof over your head, food on the table, utilities paid and transportation to and from work.

2. Set-up a budget – you’ll never understand how to management your money unless you know to the dollar what’s coming in and what’s going out.

3. Put together a debt elimination plan – when you have a budget you can put together a strategy to pay off your debt faster because you see what’s in front of you.

4. Establish an emergency fund – this is very important because most people use a credit card for an emergency fund and that’s a problem. If you have cash on hand more than likely you’ll rarely have emergencies and if you do have one you won’t have to go into debt to take care of it. I recommend at least $500 to $1,000 accessible cash with no penalties if used. While getting out of debt.

5. Review for acceleration of your debt elimination plan – once you have the other steps on paper there are several options that will open up for settlement offers on credit cards, automobiles, payday loans, etc.

6. Action + Action + Belief + Concentration = Tremendous Results – nothing will happen without you taking definite action with belief you can accomplish your goals and a high level of concentration to keep you focused on your goals.

7. Start saving for life experiences…Fun, Retirement, Generational Wealth

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