Financial Disaster

Most people are just 30 days from financial disaster

“Advertising has us chasing cars and clothes, working jobs we hate so we can buy shit we don’t need.” – Tyler Durden,

Here we look at the reasons what causes personal Financial disaster and what you can do to give yourself financial security and prevent Financial Disaster.

30 days of reserves of savings or borrowings is what most people have before they would hit financial disaster. Unable to pay the bills. Why do most of us face financial disaster? Because we have been encouraged to spend. On houses, cars, children, lifestyle choices of clothes and vacations, but the main cause is houses.

It is a lie when people tell you that a house is an asset. A great BIG lie. Ask yourself what an asset is, does and asset put money in your pocket or take it out? An asset puts money into your pocket, of course, every month/period. A liability takes money out every month/period. What does a house do, it costs us money in the form of mortgage, insurance, maintenance and taxes. A house is a liability. Probably our biggest liability.

Due the credit crunch of 2008 I had to declare bankrupt. The banks had their part to play, but it was my decisions to live beyond the income that I was generating that was the bigger reason and if I had taken the advice that is offered here, I would have avoided personal bankruptcy. And would have had control of my finances. Now having taken control of my finances I live the tropical Island dream, you can too.

Advertising whether on the TV in magazines tell us that we’ll be, sexier, cooler and what we all desire to be happier in a ‘better’ car or with a better phone. Load of Bunkum. Where do you feel the feeling of happiness? On the inside where your feelings and emotions are located or on the outside where all the material goodies are? On the inside of course. So we get into debt, and commit to a way of life which can’t deliver what we desire, happiness.What does buying things get us, 30 days from financial disaster, that’s what. And all the stress, and worry and unhappiness, that goes with being 30 days from financial disaster. The exact opposite of what we desire. Happiness

So how can we get further away from financial disaster? Put a plan together to get wealthy, get some financial wisdom,a good place to start is my article on Financial Wisdom for you.

1. Look at your life, what is your life’s purpose, not sure register for the free mini course which will help.
2. What would you like your life to look like, given no constrains what would you like to be doing and where?
3. Do an audit of where you are now, covering, health, relationships, spiritual, financial and career, social and mental improvement
4. Decide to take responsibility for your life. Nobody can make you feel good or bad, until you give them permission to
5. Start to save, put that first, save 25% of your income. If you have debt start paying the debt down and save as a combined action. Want to know why look at my article Financial Wisdom for You
6. How does your house/living arrangements fit into your life’s purpose. If your life’s purpose is to make a beautiful garden in a particular house then the house is important for most, not so. Living in the Philippines I see a different way of doing things. Just been talking to my gardener who’s looking to relocate and she’s found a place at 500 pesos, about $12 a month, which is a room with a separate kitchen. This is under 10% of her income. In the US the average income is $32,000 and mortgage payments were $1,000 a month meaning that the average US person pays over 30% of their take home pay for their accommodation.
7.Then choose how you would like to spend the rest. Travel to and from work, In London the average commute time is 3 hours, 90 minutes each way door to door and takes a large percentage of people pay. Is that the way you would really like to spend your time and money? At your funeral for your eulogy do you want your best friend or child to say s/he commuted for 30,000 hours. Then you have food, clothes, children, education and entertainment..
8. Then Live the life that you choose. Monitor the results that you’re getting, if they bring you happiness great if not. Think about changing the action.

Now I live the Tropical island Paradise dream with a villa on a beach, and if that’s what you would like you can too. Want help sign up for the mini course which is Free Today or come and say hi on Facebook

Many people make the mistake of thinking that all the challenges in their lives would dissipate if they just had enough money. Nothing could be further from the truth. Earning more money, in and of itself, rarely frees people. It’s equally ridiculous to tell yourself that greater financial freedom and mastery of your finances would not offer your greater opportunities to expand, share, and create value for yourself and others. ~ Tony Robbins

Your wealth for life blogs are just a very small portion of guidance and help I can provide, to give you a more satisfying life both now and in the future. To live the life you were born to live. Are you ready to move forward?

If so sign up for the free mini course