Hi Folks! Well, it’s now fall but that DOESN’T mean your financial literacy or well-being has to fall by the wayside.
Let’s face it, in life, there are flat tires, days off work for a flu, marital splits, work lay-offs, work injuries. Some of these types of set-backs WILL occur for everyone. Does this mean you need to be financially injured every time one of these set-backs occurs in life? HELL NO IT DOES NOT!
IMPORTANT: If your reality includes the fact that you owe money, at least make it inexpensive money. This simply means, making sure it’s low interest. How?
No payday loans under any circumstances, no department store credit cards and no high interest loans over about 11%. Not getting into these things in the first place is the best choice. If you already have these types of over-priced credit products, make sure they’re all in good standing and then get yourself to a bank or credit union and replace your high interest credit products with a low interest bank loan. If you’re up to date on all your existing credit and your total debt is a reasonable amount, getting your bank to OFFER YOU a low interest loan is easy, just introduce yourself to them.
Making sure your credit products are inexpensive is paramount to your being able to save and eventually invest. Remember, every success starts with sticking to best practices. Surround yourself with the possibility of good and the impossibility of bad.
The decisions you make today create that environment so review ALL your financial affairs and look for small ways to keep leveling up.
If you have existing high interest credit products and you can’t get them paid up to date immediately, this NEEDS to be your main priority so click HERE for step-by-step mentoring.
I hope this helps you!
DGB
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