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Further
Reading ...
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Personal Training: 3 Powerful Ways to Position Yourself as an Expert - Aaron M Potts ISSA CFT
Regardless of what profession you are in, it is critical that people believe that you know what you are talking about! You won't find very many successful lawyers whose clients never win in court, or popular doctors whose patients are continually...
Be Brief! - Stephen D Boyd
Centuries ago great speakers often spoke two hours and more. But today when sound bytes on television news are the norm and serious problems are solved in an hour on a television drama, audiences are most interested in speakers that get their...
In Praise of Thinking Small - Elena Fawkner
All your life you've probably been beseeched to "Think Big!", the idea being that if you think big you achieve big, while thinking small gets you nowhere fast. That's probably good advice as a general rule but it shouldn't be taken literally...
Diary of a Google Gazumpee - Heidi Perry
Back in November, when the Google Dance began, Barry Lloyd of makemetop.co.uk wrote an article entitled "Been Gazumped by Google?" GAZUMPED! What a wonderfully descriptive term. In fact, it succinctly describes what happened to us when our...
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How To Purchase Your Future While It Is Still Cheap.
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Written By:
David Wilding
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Leaving school, getting a new job, or even a raise at your current one, has
most people considering their next great purchase. Few think about the
effect this could have on their future. Rather than pay down the debt they
carry, many ponder, “What can I buy now”? The greatest purchase
anyone can make is their future.
Each year as you live your life, the proper choices would have you possessing
a greater net worth at the end of the year than you had at the beginning.
What happens though, is you usually find yourself further in debt. The balances
on your credit cards are higher. You bought a new car. You needed more
toys for the home.
This is not how you purchase your future. You pay all your bills, except for
one. Your future does not submit an invoice; you never receive a statement.
Even though it does not demand an interest payment, the longer you give no
heed to the purchase of your future the more it will cost you. Your future has
no advocate, except you, you can’t continue to ignore it.
You gladly pay on debt, mostly for items that lose their value, or had none in
the beginning. These are payments which if properly directed could easily
purchase your future and secure some peace of mind.
It is important to note some disturbing trends. Recent news stories point to
large companies who are in trouble going to the courts to eliminate the
need to fund the retirement plans for their employees. Under-funding of
pension plans has been a problem for years. The money simply will not be
there when many are ready to begin drawing on it.
Then, recently Alan Greenspan, the chairman of the Federal Reserve Bank,
said the congress needed to get serious about cutting back Social Security
and Medicare. Where does the money for your future come from?
Apparently not from there either.
You need to look in the mirror. The person you see there is your only hope.
It is the person looking back that will either ensure or sabotage you future.
Can you depend on the reflection to get rid of the overhang of debt in your
life? It is your only chance. But you - continued below ...
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continued ...
cannot wait, you must do it now.
It reminds me of the movie from a few years ago, "Hunt for Red October".
You might remember the scene where the American officers have just come
onboard the Russian sub. In the process of turning over his ship, the sub is
attacked by another Russian sub. With Americans at the helm and on the sonar
station the Russian sub captain assumes command. He orders the sub turned
toward the direction of the fired torpedo and moves toward it.
The American officer is yelling and threatening the sailors. He is certain
this is not the course of action to follow. However they obey the
instructions of the Russian officer. They meet the torpedo head on and it
bounces harmlessly off the hull of the sub.
The American officer realizes what has happened. They were able to close
the distance with the torpedo before it had a chance to arm itself. Upon
reflection, his response was two words, "Combat Tactics".
How does this apply to you? You need to meet your debt head on, not run
from it. Take care of it before it has the capacity to destroy you. Even with
family members "screaming and threatening" you need to turn your ship to
decrease the distance debt stretches in your future and assume "Combat
Tactics".
This is a great challenge. That's why you should carefully decide how you
spend your money. It is why you need to track your spending. It is why you
should engage in aggressively paying down your debt. These things are
"Combat Tactics" against debt. When that battle is over they can become
your peacetime policy to purchase and ensure your future.
David Wilding
http://www.debtattack.com
Changing Attitudes Toward And
Acceptance Of Personal Debt
About the Author
David Wilding has, for the past ten years, been trying to help people rid their lives of debt. Through changing their attitudes towards, and their acceptance of, debt in their lives, he has help many to reach the goal : living debt free. Visit his website http://www.debtattack.com.
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| _Additional Resources ... |
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A Street Urchin's no cash, no credit, Business Plan - Harry S Richards
The true story of a Street Urchin who made a fortune from nothing. (c) Harry S Richards As kids in a poor part of town, we collected all kinds of junk to sift through and hopefully resell. Sometimes we were lucky, but mostly we were told to "get...
Home-Based Business Owners Save Thousands on Their Taxes - Karin Workman
Do You Qualify For Home-Based Tax Deductions? New changes in the tax laws have made it easier than ever to claim Home Office Deductions and keep more of what you earn. If your home is a place of business, many of your personal expenses can be...
The Ten Steps to Financial Success - Craig Lock
We hope that you had a very merry Christmas and that the following new article may be informative and/or helpful for your e-zine, or on your web site. This piece is a summary of my booklet THE ROAD TO FINANCIAL INDEPENDENCE, as well as...
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