Many people are suffering in this recession, but they’re digging themselves deeper into the hole by the way they choose to respond to financial problems.
My friend’s wife told him to stop spending his time visiting banks to borrow more money to survive the financial downturn, but rather to spend that time MAKING money.
Usually, wives have to read this and put their husbands onto the right track, since they generally seem to have a better handle of the response to financial strife.
Here’s what won’t solve your challenges:
1. Hiding From Your Creditors
…that just makes them angry, and you don’t need angry creditors. Communicate and make token payments if necessary – be on time, whatever the amount of the payment, and don’t make them run after you – you will lose.
2. Blaming Others
Stop winging, whining, complaining, blaming, shaming, and naming other people and the government for your financial problems – you’re just irritating people, alienating winners, and using up time that might otherwise have been used to make some money and solve problems. Bewailing your fate will further deteriorate your resolve, belief, and self esteem. We tend to believe what we say, so talk positive.
3. Taking Advice from Just Anyone Who Gives It
Don’t take advice from people who are more screwed up than you are, those with a hidden agenda, or those who don’t already have what you want.
4. Making Desperate or Hasty Decisions
Take a rational, financially secure person with you if you assist on attending “money-making seminars”, and don’t make quick decisions – desperate people do desperate things, and you should realize that you could make bad decisions when you’re feeling overwhelmed.
5. Hiding from Your Responsibilities and Pain Through Addiction and Diversion
Stop hiding with dope, cigarettes, drink, video games, food, and movies – confront your options and get to work. If you say you can’t find work, work as a commission only salesperson. There is no excuse not to work while you play at home like a child.
6. Cutting Back in the Wrong Areas
Don’t cut the wrong costs – the first things to go should be the television services ($80 per month), booze ($100 per month), cigarettes ($300 per month), and movies ($60 per month), and other wasteful things.
7. Continuing to Do What Does Not Work
Stop doing what doesn’t work – stop wasting your money on MLM (network marketing), Lotto tickets, gambling, and anything else that doesn’t make you money.
8. Spending Time with Losers
Stop spending time with other broke, self-employed / unemployed losers and start mixing with winners. Associate only with positive, successful, optimistic people.
9. Not Working on a Commission Basis, While Looking for a Job
Analyze what activities are providing you with an excuse not to get out and work on a commission-only basis, and remove them. You’re job, when you are unemployed, is to get a job, and while you are looking for a job, to WORK on a commission-only basis. Women, stop allowing loser men to live off your income and force them to work.
10. Tuning Into Hopeless Media
Stop reading newspapers and watching CNN. The media won’t give you any hope.
11. Waiting for Someone Else to Save You
Stop waiting for Obama or any other politician to solve your problem. Say, “If it’s to be, it’s up to me!”
12. Limiting Yourself
Finally, stop thinking there is nothing you can do. The best advice I can give you is to use Joint Ventures to create financial freedom. You can start earning real money, fast, IF you will work hard and do whatever it takes.
