Financial Crisis Approaching!

A financial crisis is approaching your finances. Are you ready?  Are you prepared?

You are going to be laid off from work.  What do you do now?  Are you protected?

Your child is going to be very sick.  Are you financially prepared to deal with this?

The car is going to break down.  Ready for it?

The air conditioner is going to stop cooling the house.  What will you do? 

FOLKS – You WILL have a financial crisis if you are not appropriately prepared!

Here is what a prepared person looks like:

  • 3 to 6 months of EXPENSES saved up into a savings account
  • Living substantially below income
  • Saving money every single month
  • Has a plan for each KNOWN, UPCOMING expenses (property taxes, annual insurance premiums, vacation, Christmas, etc.)

Don't allow yourself to continue living life with the STRESS of paycheck-to-paycheck!  I used to live that way.  Frankly, it SUCKED!  I hated it!  I despised it!  Yet, I CHOSE to live that way and not change my spending habits for over six years.  The day Jenn and I took action was the day we stopped being broke.

When will you take action to change your financial future?

I am PUMPED UP to be in Dayton, Ohio TOMORROW to teach the Financial Learning Experience!!!  If you are anywhere near the Dayton area, I would love to meet you there!  You can sign up for the event HERE.

Looking for additional Personal Finance Resources?  You can obtain free tools by clicking HERE and purchase books/materials by clicking HERE.

4 Responses to “Financial Crisis Approaching!”

  1. JW Thornhill August 24, 2007 at 3:19 am #

    This is some great advice. Thanks for posting it.

  2. Julie Brown August 24, 2007 at 3:51 am #

    Murphy (as in the Law family) has been hanging around for a few days but we are ready to kick him off the couch and out the door! My truck decided to die, in Greenville, and just when we thought it was fixed bam! Not so! So now, after a day off from work to get it fixed and $500 worth of repairs it is back in good condition. Thank goodness we had an emergency fund established! I highly recommend that the first thing people do is establish an emergency fund AND A CAR FUND. Really, if you are living beyond your means, how much money are you really putting into your vehicle? We had just put $1000 into the truck and it dies of some other ailment. Besides I am noticing a trend here, doesn’t it seem like a lot of people first use their emergency fund on cars?!

  3. Moneymonk August 24, 2007 at 10:51 am #

    Like Robert Kiyosaki you have the power to control every dollar that enters your hand, the poor spend it foolishly , the middle class spend it on liabilities, and the rich spend it on ASSETS

    You decide which class you want to be in.

  4. Mark Asbell August 27, 2007 at 5:58 am #

    In case you can’t tell from all the comments – I’m catching up on blog reading.

    Sometime hopefully this week I want to share some on my blog about the baby on the way and what we’re doing to plan, compromise and compensate and sacrifice, and afford it. There have already been tears but we’re going to make it.

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