Cash Flow & Personal Finance
You must be able to stand or shall I say—withstand the adversity that you are now facing or that you may face in the future!
By doing so and then taking appropriate action—something big can be in your and your family’s future!
Is your stress level overwhelming you at this time?
Managing your "cash flow" effectively has a lot to do with how much you make, how much you spend, how much you save, how much you have—and how you acquire and utilize your knowledge to effectively reach your and your family's goals and objectives!
Do you know that the amount of money that you make is not the key to attaining financial freedom?
We have seen many who have modest income and many who earn six figures consistently mismanage their finances (cash flow) by spending all that they make—saving very little or not at all and using their knowledge (inappropriate in many cases) to their detriment—while managing their credit and finances.
We have seen many who have modest income and many who earn six figures consistently manage their finances (cash flow) effectively by not spending all that they make—saving at a high level and using their knowledge in a manner that moved them forward at an efficient pace.
In many cases it is understandable that those with modest income struggle due to an inappropriate amount of money (cash flow) coming into their household on a monthly basis.
Key management skills that are needed to manage your credit and finances effectively are listed below:
1) Strength—you must have the mental fortitude to do what you need to do
2) Confidence—you must know that you can do what you need to do!
3) Faith—you must believe and know that success is in your future!
4) You must turn your challenges or Adversity—into opportunity!
Many think that if they go from one level to another level when managing their credit and finances—they are successful.
Many suffer from paralysis—they are unable to act when it is the right time for them to act and they stay at a certain level—when it is actually in their best interest to attain a higher level!
Many suffer from paralysis (they overthink their situation and remain stuck in one place for too long) of analysis!
Is that you?
You must utilize the key management skills listed above to your and your family’s best advantage and you must cultivate or improve upon those skills if your goal is to achieve at a high level on a consistent basis!
You must clarify your goals and purposely deal with your desires that are unmet at this time.
You must not live like many who live in frustration and don’t know what it is that is really bothering them.
In many cases the frustration of not handling their credit and finances in an effective manner lie at the root of their current feelings on a daily basis!
Many do not manage their credit and finances in a manner that they understand—and in a manner that works best for them and their family—not others who benefit from their frustration and lack of knowledge.
It is imperative that you have an effective management system when it comes down to your credit and finances!
You must always remember that the longer you hold on to frustration (whether caused by the poor management of your credit and finances or other causes) the more disastrous your credit and financial results—you will begin to justify your negative actions within your mindand heart!
By effectively managing your cash flow in a manner that puts you in control—you put yourself in position to effectively reduce or eliminate the frustration and other negative qualities that you may have in your mind and heart at this time!
You can improve your cash flow by increasing your income—cutting your expenses or doing a combination of the two!
You can improve your cash flow by properly shopping for your home mortgage when you decide to purchase or refinance—your home.
You can choose among a number of mortgage lenders if you are considering a purchase or refinance by going to quickenloans, www.lendingtree.com or local lenders in your area!
By doing so you can improve your cash flow at this time—and position yourself and your family for a prosperous credit and financial future!