Bank finance articles and tips

So you lost your job, or your business recently failed. Yes, the economy had a lot to do with it - but does that mean your financial future is forever dark? Many who struggle from paycheck to paycheck get so distracted by the daily urgent money demands they cannot afford; a distraction so great it takes them away from re-assesing their current situation with a view to revamp.

Many do not make an attempt to live below their budget because they are already convinced that what they earn is already insufficient to meet their living demands: but that is because they react to life - not design their life. Stop, review your expenses, determine not to eat out, cut bad expensive habits like pay-per-porn TV, cigarettes, etc., shop supermarket basics in bulk, recycle etc. Move to a cheaper place, and so on.

On that same note, buy life insurance. CEG Life Insurance for example, will sell any individual a policy for $15/month. The amount of coverage that affords will vary per person, but even at the most modest, it will cover a funeral - which by itself, if the family could not afford to get by each day, will totally devastate that family already in grief, now getting into further debt to bury a loved one. For some, this $15 monthly investment might even mean the ability to see a year or more of income replacement even though that earner has passed on.

Learn to live below your means. If it is hard to imagine that because you can hardly afford your current life, then this is an even harder task but it is the single tip to not living paycheck to paycheck for the rest of your days ASSUMING you will even have the luxury of having a paycheck. You can never have wealth if you are always broke. You begin to accumulate wealth with your first saved/invested dollar. Primerica allows low to middle income earners to set aside as little as $25/month for an investment vehicle such as a mutual fund which will grow interest at a faster rate than the average saving account, which will now create a nest egg toward a better life.

Earn more $ through entreprenuerial activity. GET OUT OF THE EMPLOYEE MINDSET!!! It is why we are in this crisis in the first place. No salary, the earth has opened up and swallowed you??? Why??? Create your own paycheck! Free yourself from wage slavery! Remove the glass ceiling from your personal value!

Trudy Beerman is a player in the Financial Services Industry. As Chief Educator at Debt Free Wealth Building, Corp., she teaches the fundamentals of Debt Free Wealth through this non-profit money education organization. See http://www.debtfreewealth.org for more.

By Trudy Beerman
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