Do you know what the magic number is?
The amount of money Middle-Income America, the masses, would have had to make to prevent Bankruptcy this last year?
The monthly amount if they made just this magic number more they would have avoided bankruptcy?
What was this magic number?
$300 extra in a month
That's it. $300 more and financial defeat would have been avoided
It is so easy to understand that when a family is short $300 to go and put it on a credit card believing the next month will be better. Then it works and they can breathe that month, big problem, the behavior pattern is now set.
Rather then looking for opportunities to gain $300 people have been throwing bad money at debt.
What happened this last year is the behavior stopped working, people's credit limits dropped nationwide. All of the sudden the compounded behavior of throwing credit at monthly financial problems no longer worked.
Bankruptcy hits. . .
How could this have been avoided?
What is the two options one has?
Option 1 spend less- this is true many people over the past 10 years have been attempting to keep up with the Jones'. There is frivolous spending that has occurred. No surprises. Every family should come together and see what is necessary and what is desires. This is always a good idea. It is the basis for a financial statement. (different article different day to address option 1)
Option 2 make more income. Seems logical. Major Warning. When you make more you spend more. The new income must be treated differently.
Here is a suggestion-
Look at an opportunity(not a part time job) that will not take away from your full time career, can be done part time in other words.
Things to look for-
-$500 extra - that's 300 to make up the difference and 200 to save and invest
-Extra $500 is not a difficult task to make.
-A training program that you can show you how to make this income without fail with a few measures taken
-Opportunity to grow. Once you have mastered the extra $500 a month you will want to be compensated very well for showing a hand full of others how to master this
$500 is the new magic number, find the opportunity, few hours a week, $300 to cover bills and $200 to save or invest your lifestyle will not look the same in under a year I guarantee it!
Joshua Andrus
http://www.hiresite.info/
blast off, prepaid legal, facebook, Bring Value Institute, myspace, google
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