It looks to be another roller coaster week in the stock market amid ongoing fears that Greece will soon default on its debt and that the situation in Italy is worsening, with no easy out in sight. Of course there are other factors that create volatility in the market now, but the European debt crisis magnifies the ongoing issue we have with debt in this country and in our own personal finances. What can we learn from this expanding global problem?
Manage money by looking at your financial situation and your future goals honestly, and that is where all couples should begin. Without judgment or resentment, take an honest look at your finances and begin to work out your financial plan for a future of financial freedom. Having a financial plan and eliminating debt are keys to success with money.
It’s time to solve our debt problem, (nationally and personally) and create a plan to eliminate debt for good. Money should add to your happiness, not taking away from it. Be debt free and change the money game in your favor.
I see the risk level in the stock market continue to rise and now advise that it’s best not to invest in stocks heavily for the time being. For now, the allocation with the best probability of success is to invest between 0 and 20% of your money in stocks, depending on your risk tolerance.
Home ownership shouldn't define the American Dream and many people are beginning to realize that renting is often a better choice for achieving financial freedom.
The truth is most people already know how to eliminate debt, but lack the motivation to begin this intimidating process. Eliminating debt isn’t about knowing how; it’s about being motivated enough to make it happen.
