Monthly Archives: January 2012
Set short term financial goals
Short term financial goals, as is implied by the term, should only take up to a year to accomplish.[1] These goals are not meant to be large or intricate. For example, a short term goal may be to drop your … Continue reading
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Financial Freedom
Here are some steps to achieve financial freedom[1]: 1) Pay off your credit cards: Before you think about investments you should pay off your credit card balances. 2) Establish a six month contingency plan: Putting money away for a rainy … Continue reading
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When marriage breaks down…..dealing with accumulated debt
After a divorce, the debt can put a lot of stress on both spouses. It is important, especially if you have a child with this person, to have a good plan in order to manage the debt effectively and not … Continue reading
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Paul’s six steps to become debt free
1) “Know your finances intimately” This process begins with knowing how much income you have and where it’s going. Start by working out your monthly income and list the sources of this income. Then list your expenditures. 2) “Decrease your … Continue reading
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