As we were discussing yesterday, how soon you get out of a financial problem will be entirely up to you. Many people in financial difficulties have kind of ‘locked’ their minds to the belief that things will only get worse, well, that could be partly true, but the biggest percentage of the problem is actually your perception of the problem. You find folks who turn a simple debt issue in a mountain of debt by virtue of their ignorance, and before you know it, the debtors are at your door step demanding payment. As I said yesterday, the first step in solving any problem, regardless of whether it’s financial or not, is to recognising that you have a problem in the first place. For you to solve the financial problems that are bogging you down, you can follow the simple steps that are described in the following article by Jason Roxx, and you will finally achieve the financial freedom you desire.
Are you in a financial problem and don’t really know how to get out of it? The good news is, you’re not alone. Many people get really confused about their financial problem and don’t really know who to ask for advice or how to get out of their financial problem. Here is a simple strategy that could work for your specific financial problem.
- First, decide why exactly you have a financial problem in the first place, what you are doing wrong and how bad your financial problem really is. You need to have a clear understanding of all your financial numbers, where the money is coming in from and where it is bleeding out from. Write down all your income sources and write down all your expenses including fixed bills and your day-to-day spending. Right away, you should have a clear idea of where your financial problem really is. As soon as this is figured out, it is on to step two.
- Fixing your financial problem. It may not be as easy as cutting the spending to fix your financial problem. You may need to start making more money or even changing the way you think about money. Your current situation brought you into your financial problem, so it may make sense to start thinking about money in a whole different way. If you’re not open to thinking about money in a different way, once you don’t have a financial problem anymore, it could be very easy to fall right back to your same routine, and get into another financial problem quicker than you think.
- What you might need is a new way to think about money, and how to make more of it. A blueprint or guide is a great way to write down what you are going to do to change your way of thinking about money. When you write down a plan, it forces you to stick to the plan, and be more successful at not falling back into the same financial problem you had before you changed your mindset on money.
- Once your mindset has changed about money and you have a solid plan that you can stick to with goals that are written down and achievable, you can then feel safe that you won’t fall back into a financial problem anymore, and instead look to a brighter future without any financial problems to worry about.