Part 1:
This Week's Series Breaking Free From Financial Bondage
Introduction:
Most of us work hard for our money, forty hours or more a week, and once we are set free from work we like to spend our hard earned cash by going shopping. We buy food, clothes and all sorts of goodies and then are left wondering where our money went.
Many people owe much more than we are worth (in savings and investments). It's not how much we earn that counts, but rather how much you are worth that matters. Dealing with our finances is all about our attitudes and beleifs about money. If you want to gain control of your finances, you need to make some behaviour adjustments.
Getting into debt was a process, getting out of debt is also going to be a process and a process takes time. If things are going to change then you have to take charge. You can't carry on in the same old way and expect things to get better, you have to take charge.
One cannot carry on living in denial by not opening your bills and expecting them to go away etc. And no, denial is not a river in Egypt. You cant carry on burning plastic at the mall and expect to get out of debt. You need to take control of your financial life and embark on a process of change.
On Talk Money this week, we will be discussing breaking free from debt by following these simple steps:
1. Pay yourself first - 10% and invest it
2. Get rid of your debt by making a list
3, Spend less than you earn through a budget
We will be discussing these points in detail this week and if you are in debt over your head we will also be speaking to Willie Maritz a professional debt councilor about managing your debt.
Today's Quote:
"The haves and have-nots can often be traced back to the dids and the did-nots."
Continued see part 1, breaking free from financial bondage...
