Step 2: No matter the state of the economy – good or bad, refuse to be a victim. Take complete responsibility for your financial situation.
Step3: Be willing to examine your financial past to gain a better understanding of your relationship with money.
Step4: Be committed to turning your financial situation around by gaining the skills necessary to be smart about your money AND seek the advice of financial advisors, accountants and attorneys when necessary.
Step 5: Track your spending and monitor your incoming cash monthly. Bottom line – spend less than you make!
Step 6: Evaluate and remove all unnecessary expenses in order to get a better handle on your financial situation. Over time you’ll begin to recognize with greater ease what you can do without.
Step 8: Once debt free, commit to planning your purchases in an effort to remain free of credit card debt.
Step 9: Repeat the mantra – “It’s all about balance”. Spending wisely, investing smartly and saving regularly are important concepts to protect yourself and your family.
Step 10: Make sure you have a minimum of 6months and preferably 12-18 months set aside in an emergency fund.
Step 11: Work daily to uncover your psychological BS that stops you from reaching your financial goals. Take the steps necessary to have the confidence to stand in your financial power and not revert to your old money habits and mindsets.
Step 12: Share your experiences with others in the hopes that they too can gain financial recovery.
Bonus Tip: Remember, how we do money IS how we do everything. Stop wasting time and stop filling your life with the unnecessary.