Know when to give back the pants to the rightful owner in the family.
In turbulent times like these, financial woes, frustration, panic and despondency are what keeps many awake at night. Financial stress is at an all time high. You can be the person wearing the pants in the family as a single mum or you are the home maker whereas your other half is the bread winner. Whatever the life situation is, more and more of you are working harder and harder and longer than ever. Hard work just does not pay off like it used to. The struggle is to tread water so as not to sink and drown. At difficult times like these, it is just about keeping your heads above water.
You can feel stuck on a wheel, running faster and faster but never actually getting anywhere? When you feel like that, you are working hard every single day, each day harder than the last. When you count the hours it continues to add up. But when it comes right down to it – you feel like you have nothing to show for it.
At the end of each month, you struggle to pay all your bills and you find yourself sliding farther and farther behind in financial trouble. The feeling of being “trapped” is a difficult feeling to get away from. To make matters worse, there are other people in your life who seem to succeed effortlessly, even though they work less — and play more. The constant question you ask: “Will all my hard work ever pay off?” It is not your fault you feel hopeless and unable to handle the relatively new situation. Even books you read up do not address what will work now, in today’s economy. The economy has taken a toll on people in every field. While things were going well, you had a great shot at success, as long as you worked hard and kept your nose to the grindstone.
However, now it is harder and harder to win the game of money. Cash and cash flow is a huge problem for home makers as well as business owners. Prices are rising, businesses are cutting their own costs and downsizing employees. Consumers are holding tightly to their wallets and not spending means no cash flow for retailers and small businesses. Holding on to a steady income is a stressful situation for professionals and the employed.
If your other half is in this situation it also affects you as a home maker. The sad truth is, simply working harder and longer is not the answer to solving money problems – in fact, the harder you as the bread winner or your other half tries, the more stressed and frustrated you both feel. Emotional stress and lose of clarity works against desired success.
Einstein defined insanity as “doing the same things over and over again and expecting different results.” Charles Darwin explained that survival does not necessarily go to the strongest but to the species that is most adaptable to changing circumstances. Times are changing. So it is either you adapt and take charge of your life and career, or fall prey to the violent economic times you face today.
In this age of instant gratification – in the past – whatever you wished for you could buy with your credit card. Spending money was easy. Now – the reality of a lack of hard cash is a huge problem. When you have no savings put aside, for a rainy day nor for retirement it is a hard pill to swallow when you lose everything – investment savings, retirement benefits and even homes that are repossessed by the lending banks.
Global recession is a reality today. The sub-prime meltdown has kicked many business owners as well as home owners below the belt. Tight-fisted money policies have stifled the hopes and dreams of many business owners so much so many home owners and business owners have become recessionary casualties. 95% of business failures in this poor economic climate did not occur overnight. Many are caused by mismanagement, overspending and just plain arrogance and poor decisions.
Obviously, you’re not alone: thousands of talented, intelligent and hard-working people just like you are on their own path of difficulties, feeling frustrated and burnt out. So what can you do? It is not doom and gloom – you can do something. In this current economic slowdown, businesses may fail and disappear but new businesses will spring to life. Economic adversity offers limitless opportunity for those who know the secrets to business success.
With the current economic slowdown in mind, would you – a sane person – want to start or stay in business? Come to think about it, any sane person knowing the limitless opportunity for them knowing the secrets to business success find that there is never a better time than now to start or grow a business. However, if you want to succeed, you can do the right business at the right place at the right time.
So what are the wealth strategies you can implement for yourself to start becoming more financially independent?
Saving Your Money
More and more people are now open to greater possibilities of creating wealth. Some even start at the very basics of plain accumulating money. When you begin to save money, it sets up a force field of energy and it triggers the law of attraction. As a result you begin to constantly think about ways to attract money coming to you.
Get the Experience You Need
The area where the law of accumulation applies is in the area of experience. You will find that if you have successfully started to save and accumulate wealth, you now have far more experience in that field than the average person. Before, saving was not something you did naturally, never an option consciously chosen. Now t he option is opened for you. Automate your finances to bank in more money. It is not what you make – it is what you keep. Maximize your money so you can get out of debt faster, and if you have the money – buy your dream home or car in cold hard cash.
How is the feeling of putting aside for the future?
And there is nothing that replaces this experience of at least beginning to adapt to the changing times. It is no more about instant gratification. Learning to put aside for the future and buying things with hard cash is a legacy worth passing down to your children.
Stay curious. Learning is a journey. It is not a destination.