Another Sign It’s Time to Take Your Financial Life into Your Own Hands

By admin • June 30th, 2010

Late last week the federal government failed to approve an extension of unemployment benefits leaving Americans to finish their current tier and then cutting them loose.  This is devastating news to hundreds of thousands of families.  If you are one of those families, how should you respond?

Keep in mind that you are your family’s best resource.  You have the most drive, the most knowledge and the most desire of anyone in the world for your family.  You couldn’t hire anyone better.  With this latest decision Congress has signaled it’s time to take a cold, hard look at reality and form a go-forward plan.

When times are tight, money should only leave your house if it serves a fundamental purpose to your family.  Does your car and its payment make sense?  How about the house; is that a decision you’d make again?  Credit card payments clearly don’t do a thing for your family – that’s why they squawk the loudest, call the most frequently and sue aggressively.

You can make new choices in bankruptcy in light of the new economic rules.  Don’t be stuck laboring under decisions made when the rules of the game were different for everyone.  Everyone, even multi-national banks are restructuring, so should you.

 

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