Where do you see yourself financially in 30 days?
Have you thought about it?
Do you have a plan?
Do you know your current financial situation?
If you know the answer to the last question at least you have a starting point.
If not, I highly recommend you take a few minutes (or few hours- it all depends on how organized you are) to find out.
List all of your assets, debts, income, and expenses. Be sure to include minimum payments, current balances and interest rates for your debts.
Now, figure out how much income you have coming in over the next 30 days and when. Then do the same for your expenses.
How do things look?
Do you have enough in either income or your checking account to cover the expenses?
If the answer is “no” you have two options:
1. Make more money
2. Cut your expenses.
The magic happens when you can do both.
Some changes will be easy to make. Some will take a little more fortitude.
And, before you give up because of all the craziness and negativity in the news, keep the following in mind:
– many of the world’s most amazing inventions and innovations happened in some of the worst conditions (and, yes, recessions)
– birth is always messy… and that is what you are doing- giving birth to a better version of yourself
– as Einstein said, “you cannot solve a problem from the level of the problem”, so give yourself permission to completely think outside the box and ask “what would _____ me do in this situation?”
– you have everything you need within you
And, if you need a little help or someone to bounce ideas off of, please let me know. That is what I am here for. And, First Step financial calls are always free.