WHAT TO DO IF YOU GET THE PINK SLIP? IT ALL DEPENDS!!!!!!

As part of my day to day business, I meet lots of people who are in not so good financial shape. They literally seem to owe money on everything: cars, boats, credit cards, loans, T.V.’s, you name it, their paying on it.

The sad thing is that some of them will go totally bust if they should lose their jobs. For some people getting a pink slip is really not too stressful, as they have no debt and a reserve of cash for at least 6 months. Does that sound like you? If not then getting the pink slip will be a BIG deal and very stressful.

So what do you do if you have debt and no reserves? Start now! Don’t wait! Don’t procrastinate!

It might seem impossible to you at this time but don’t lose heart. Believe me, if I can do it, you can do it! You cannot Create Wealth That Lasts with ongoing debt as part of your lifestyle.

I have previously talked about how most financial people talk about good debt and how this is something you need. Nobody needs debt. If you believe this lie, then it will be very difficult for you in the long run.

I do believe that buying a home is something you need to do and you might need some debt to start this process. However, you don’t need a Mc Mansion! In today’s housing market, you can find good buys that will suit your needs.

Did you ever consider that you can get a 15 year mortgage instead of a 30 year mortgage for not much more monthly payments, if you can cut done on other areas-like cable T.Y. for instance? Yes, I did say cable T.V.

Seriously, start to picture yourself debt free, see yourself as relaxed and content. The day will surely come when you will find that the albatross around your neck is gone and your are FREE indeed.

Being debt free is a noble goal for you, your family, and your posterity!

Jacques
CreatingWealthThatLasts