Dealing with Money Issues: Be Proactive Instead of Being a Victim

In your lifetime you will have the opportunity to experience many boom and bust economic cycles. You will know the years when your skills are highly in demand and you can ask your own price and take a pick from the best jobs being offered to you, and you will also know the years when downsizing is the trend and you have to work harder and smarter just to even keep your existing job.

Even then your employer might go out of business or just downsize departments like the one you work in, so it can be out of your control even if you are the hardest and smartest worker in your Department.

I personally always have had a 'home business' running from my home office, no matter how small. It gave me the security of a secondary income source in tough times, and I have been able to build quite large businesses sometimes, including the last one that enabled me to retire from ever 'having to work again' like we all dream of at some point in our lives.

No matter how good your current job is, look at the options available to you for a low-cost or no-cost home based business. Internet marketing is a total winner as it costs little or nothing to run and can become a goldmine if you spend some of your spare time working on it.

Create your own website based around a niche subject that you like to work with, like a hobby or your area of expertise. The smaller the niche subject the better. Don't create a HEALTH A to Z site... create one a micro niche like ingrown toenails, or dry hair, or diabetes diets... keep the niche very small and tight and your website will get all the traffic.

Make sure your website has a product or service of its own to sell. Don't just promote other people's products as an affiliate. Go buy a PLR book or mp3 recording to sell and keep 100% of the profits.

Use a PayPal account to handle the product sales and delivery for you. Redirect the buyer to the download page where they just click a button to get their product. Totally hands-off for you. Just collect the money.

I recommend you get a SiteSell hosted website as the best all-inclusive hosting service in the www as once you use their service you don't have to ever pay for anything else. EVERYTHING you need for your website business is provided in the annual or monthly hosting service. No kidding. This site, and all my websites are created with this service, and they all make me money.

Learn more here about them: SiteBuildIt is about YOU starting & building a Small Business online
SiteSell for SBI websites that make you money

Now lets also have a look at what you can do to help secure your current job and better manage your current financial problems

Ever since the worldwide recession, your job’s been at stake. Then, one day you wake up and find yourself unemployed. You have obligations to fulfill, debts to pay, and deadlines to meet.

What do you do? You’re in a rut you can’t seem to get out of. You no longer know what to do and this drives you nuts. You need something to help you through this most difficult time.

The truth is, you aren’t alone in this predicament. There are millions of others who are going through something similar. As the global economy crisis continues, more and more people will lose their jobs.

Unfortunately, they turn to their credit cards in the mistaken notion that they can always pay for things slowly. There is no use crying over spilt milk.

Just make sure you don’t use them again from now on, no matter how tempting it seems. Think of how much money you can actually have if these cards were absent from your life.

Use this only for emergencies. That means that you can turn to your card in lieu of cash you already have at home. More importantly, never pay the minimum amount as much as possible.

Not following the rules stated above is a surefire way to get deeper into debt that becomes increasingly difficult to get out of. Do not hide from your creditors and try to bring your case to a collection agency so that you can come up with a feasible solution.

If you don’t hide from the credit card company, you keep your reputation clean. Who knows, things may get better soon, and what if you need a credit card then?

You say that you don’t have the means to pay. Sometimes, however, this is simply because you don’t want to change the lifestyle you’ve grown so used to.

You can’t picture anything else other than the life you now live. Analyze the purchases you’ve made with your card and divide these into two groups: needs and wants.

You may be surprised to find that most of them fell in the latter group. Add up your interest and penalties and find that these, too, almost equal to your actual purchases. We may think that we have so many needs when these are actually wants in disguise.

As you analyze your needs, consider downsizing every item. Keep food simple yet nutritious and try to lessen eating out. Then, check out all your assets and sell some of them.

This may even lower your energy bill. The point here is that you can always do something about downsizing. Remember, you need to substantially reduce your lifestyle. People are more willing to lend money of they see that you are also trying to cut down on your expenses.

This somehow makes them believe that you are more reliable when it comes to paying back debts. Never be ashamed to admitting that you are actually doing some sacrifices. What sets you apart is your willingness to try everything so you can make your life better.

And as I said earlier, secure your financial income by learning how to make your own web site with SiteSell! It's a lot easier to earn money on the internet, than trying to live hand to mouth and count pennies every day of every month - if you are one of my clients I'll even help you make your own website at no charge for my time!

Helene Malmsio
Strategic Services.