Many individuals begin their educational career repeating this mantra over and over: “I will not accumulate debt. I will not accumulate debt. I will not accumulate debt.” No matter how many times you say it, it still doesn’t change the fact that a large percentage of individuals find themselves in debt for most of their early adult years. Investing in your education and career early on can be the difference between a long, beautiful career, and a series of short-term
When you hear the word “bankruptcy”, you might have found yourself forming a mental image of a destitute and homeless person begging for money on the street while carrying a sign that says, “Will work for food”. While it might sound a bit too extreme for an outcome of bankruptcy, the stigma surrounding the term itself isn’t entirely unfounded as bankruptcy usually serves as a last resort measure that a person considers only when all other options for repaying the
It all starts with a dash of imagination… Vividly envisioning where you are headed improves the likelihood of meeting your financial resolutions. Allocate at least a few minutes of your day to contemplate on your past experiences as well as your current standing. Afterwards, visualize the financial situation that you desire to experience in the future. Some people may find satisfaction in their year-round travels. While, you may find serenity through altruism. The mere act of visualization will motivate you
Generally speaking, a financial plan is a comprehensive evaluation of an individual’s current and future financial state. Crafting a financial plan involves using known variables to predict income, asset values, and withdrawal plans. Thus, you have to go through a series of steps to adjust your savings and spending habits. Here are just some of the steps: STEP 1: KNOW WHERE YOUR MONEY GOES Your top priority is to develop a detailed list of where your money is heading to.
As we reach the end of the year, there are several things that you need to pay attention to. DETOXIFY YOUR WALLET WITH THE DEBT DIET The Yuletide season is all about merriment and festivities. Due to the overall positive spirit that it exudes, you may want to shy away from the looming shadows of your debt. I suggest that you pause for a moment. Now is a good time to acknowledge your credit score and to cut back on