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Steps to recover from Financial Disaster

Steps to recover from Financial Disaster

STOP! Take a look around you.

The debt. The stress. The mess. The fear. The hopelessness.
 
Own it. This is your life right now.
 
The choices that you’ve made up to this very moment have created this. I know what that feels like because I was you. I wasted money and spent more than I made.  It felt hopeless. There were times I lie awake at night worrying about how I was going to pay all my bills. It felt like I was drowning in the bills and that there was no light at the end of the tunnel.Will I ever recover from this financial disaster?  It’s an awful feeling, right?

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Steps to avoid a Personal Financial Crisis

Steps to avoid a Personal Financial Crisis

A personal financial crisis can come from many things. A lost job, a divorce, bankruptcy, a sudden medical emergency. Or any situation in which your financial security crumbles beneath you. Regardless of the cause, the consequences are often similar. Emotional stress, confusion, perceived loss of control, and loss of confidence.

That’s why having a financial plan in place will help you best prepare for any financial crunch.
 
Too many people feel the need to fake appearances, to appear ‘normal’. Social media makes us feel like we are not enough if we are not posting pictures of family holidays, new cars or parties In reality, so many people are facing a personal financial crisis but why are we afraid or ashamed to talk about it or to seek help.
 
So where do you start?

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Is your self esteem keeping you broke?

Is your self esteem keeping you broke?

Is your self esteem keeping you broke?. If you don’t believe you are worth a lot then your bank account balance will reflect that.
 
Is your opinion of yourself is wrapped up in what you have or don’t have? Many of us use money as a sense of validation. And money can interact with our self-esteem in a variety of ways.
 
At some point in your financial life you may have heard that if you don’t believe you can get more money then you won’t get it.
 
The reality is that our perception of ourselves, has a direct correlation with our net worth. In other words, net worth is affected by self-worth.

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How to pay off your student loans early

How to pay off your student loans early

So how do you pay off your student loans early? It is very common to graduate with student loans. Many people carry the student loan debt with them, even when they do not have any other debt. But that student loan debt may be hurting you.
 
How will you feel when you finally pay off all your student loans? Imagine the relief of seeing your student loan balance hit zero!
 
If you’re strategic about student loan repayment, that glorious day could be sooner than you think. By paying off your debt early, you could save thousands of rands in interest.

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Simple Ways to Save Money on Your Utility Bill

Simple Ways to Save Money on Your Utility Bill

You’ve probably noticed that your electricity bill is one of those expenses that can easily get out of hand. This alone is a good enough reason to save on your electricity usage (and your electricity bill).
 
With South Africa being an increasingly water-scarce and energy-costly country, we’re all keen to save more and waste less. So, what are the big users of water and energy? And what works to reduce usage? Here’s the latest research and advice. Follow these  simple ways to save money on your utility bill.

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Bad Habits Preventing You From Becoming Rich

Bad Habits That Are Preventing You From Becoming Rich

 

So you want to be rich?
 
Why aren’t you?
 
When you’re not doing as well as you want to be financially, it’s not the lack of money that’s the problem. A lack of money is a symptom of what’s going on underneath. What’s the root cause? Bad habits are preventing you from becoming rich.
 
We are creatures of habit. It’s just how we are wired. We learn how to do something and if we do it a few times, it can quickly become a habit.
 
Here are some bad habits that are preventing you from becoming rich.

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How to pay off your Credit Card Debt fast

How to pay off your Credit Card Debt fast

Remember getting your first credit card? Super excited as you open the envelop and think about all the things you can now get. Looking at the balance on your statement, doesn’t look so great now – right?

What would your life look like if you didn’t have any credit card payments? If you had a pile of money saved up in the bank? If you owned your stuff instead of it owning you?

I’ve got some strategies on how to pay off your credit card debt fast.
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What is Money? It’s not what you think…

What is money?

How big is yours?

What are you thinking? I’m asking how big is your paycheck is.
 
Now that I have your attention my next question is: what is moneyIt’s a question we are never asked because we think we know. But do we?
 
You use it every day. You die for it. You kill for it. Surely you know what it is!

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Quick Ways to improve Your Finances

Quick Ways to improve Your Finances in 15 minutes a day
 
With so many demands on our time, I’m sure you want Quick Ways to improve Your Finances.. We all know demands on our time is one of the biggest challenge to achieving our money goals. Set aside a few minutes to complete these small tasks that can lead to big financial results. Some of them are very quick wins, some of them may take a little bit of time – but all of them are very worthwhile.
 
So today I want to share some quick ways to improve your finances in the spare moments of your day. Your financial situation won’t change overnight. You’ll find yourself more knowledgeable about finances. And better at money management over time.
 
You may come away surprised at how much you can do by tackling your finances in 15 minutes a day.

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Reasons Why You Need an Emergency Fund

Reasons Why You Need an Emergency Fund

If you can’t think reasons why you need an emergency fund, think again. No matter how prepared you are, life has a way of throwing curve balls that you never expect.
 
When they are things we like, we call them serendipitous, surprises, gifts…
 
When they are things we don’t like we call them disasters, emergencies, lessons…
 
Here’s a terrifying statistic.
 
In the developed world, it’s estimated that 63% of households could not come up with the equivalent of US$1,000, £800 pounds, R10,000, €800  in the event of a real emergency.
 
How terrifying is that?
 
And in case you are sitting there thinking you have it all covered, here are some unexpected reasons to have an emergency fund.

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