How low can this go?

Over the past year or so our world economies have slid downward toward a recession. Now that we are in one, the question that comes to mind is how low can this go? Have we hit rock bottom or are we still digging deeper? Even though we may have very little impact on the general direction of the overall economy, we can however have a great impact on our own and even improve it for the better in spite of these challenging economic times. 

Ask yourself the following questions:

1) Have your personal finances been effected by the downturn?

2) Are you spending more or less? 

3) Has your employment status changed?

4) Do you think that your employer could make your position redundant?

5) Do you have a rainy day fund with 3 months income saved up?

If by answering these questions you are somewhat concerned, then you should take a long hard look at your own personal finances. There is no better time than now to start making some drastic improvements to your bottom line. Your overall objective should be that what ever happens to the world economy that you personally will not be effected. Learn to operate on cash, pay off your debt and build a strong and solid net worth. If you want we can help you create a plan to eliminate your debt as quickly as possible. I look forward to hearing from you.

Cheers,

Pat

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