Are you in control of your financial future? Has the economy changed you lifestyle already? Take the steps to financial freedom with financial education to learn how to manage your money and create your economy. Here are four points about the need for your control over your financial future, what to expect and who?s going to do it.
Your financial future is ultimately set by your actions towards and not reactions to today?s economic situation. There are no magic crystal balls to tell the financial outcome for businesses of the future but you can certainly prepare and take action for events that are most likely to occur. Your actions during these changing times in a recession recovering economy are really opportunities for building wealth and steps to financial freedom. I?d like to share with you four things about the economy and why acting upon these will change your net worth;
1) Watch out for whiplash because it?s not over.
We have all heard about how many home foreclosures have already happened. Some of us may even be watching the coming monthly foreclosure numbers and noticing it is still happening just not at the highest levels. But what is next? Are commercial properties due for a foreclosure wave? The workforce has been reduced but buyers have not increased sales businesses are still at risk. Take note that the world stock markets are in phase with each other, now one country?s economic problems spread to the supporting nations, just take a look at the Euro situation. Make sure you are prepared for the crack of the coming whiplash, everyone maybe jumping on board for the recovery just ensure your grip on the real situations does not cloud your investment judgment or resist over reaction.
2) There will be a bounce or more.
Everyone agrees that we will return to the lush cash markets but you have to expect there will be a few bounces a long this recession road to recovery. Again the world markets are now in phase, aligned, to each other. Yes, the economies are showing signs of the bounce back but will it over shoot and correct themselves or at what risk to your financial future will the market change by? There?s no single signature somewhere that will simple ?UNDO? all that has happened. Are you ready with a plan for these coming bounces? Catching just the right bounce in a special market may launch you into the millionaire club but at the same time another industry?s bouncing just might collide and wipe you out. Be aware of all market changes and economic situations. Determine how you we ride the bounces, where?s the limit for you, what to do when you reach that point and when the market turns keep your long-term plans in place. Emotional decisions are for herds of animals escaping a predator but a financial warrior has a plan and remains steady to achieve the goals.
3) Unfortunately, the government(s) will not fix this for us.
How can the governments solve this problem? The best the can do is to put checks and watchdogs in place to avoid the same situation again in the future, that?s not fixing what has happened. Baby boomers did a lot to grow the nations of the world but in the end the governments? plans are going to fail those who will need them the most. Governments are spending tomorrow?s future cash today to buy back the economies and hope it finds the way out. But what?s going to happen when tomorrow comes and the governments need the cash back? Is someone who has 24hrs in a day just like you going to solve your problems or are they going to solve the first set of problems that occur for them in that same 24hr period? If past government actions created the situation we are recovering from now than is the current governments? solution going to make the future better? Realizing that your future is your primary responsibility and that the governments are not thinking on an individual basis will put you a head of the rest. So make sure that right now every 24hrs that you have gains you steps to financial freedom, focus on your cash flow for today and your future needs. Your actions will change your life.
4) But wait, there is a way out.
Your actions will determine how you recover from this economic downturn. First why did this happen to you? Was it because you are in control of your financial future or perhaps you just played a long with everyone else? Change to a millionaire mindset and start thinking to make the problem about your personal economy and your financial future. Did the governments or the stock market cause these problems with your financial losses or was it everyone else just wanting to take your money more than you wanted to keep it or make it grow? Yes there are financial winners out there who increased and gained net worth even with the markets around them were falling. How do you think they made that happen? Take actions to build up your economy today is the way out for your and the rest of the world will follow. Turn and control the recession for your economy by what you do next to make it grow, don?t rely on others to do that for you because they are too busy fixing other mistakes.
So who am I to say these simple points are the 4 things that will change your financial future? But let me tell you more about my inspirational source. He?s a former advisor to multiple Presidents of the United States and has affected economic change so when Doug Wead tells you to take control of your economy you better take notice. I was already taking action to find my way out but first I needed to get financially educated to make the right steps to building wealth. Manage your money with the intentions to grow your financial future. My decisions, actions and control is changing ?my economy? for the better as I begin the steps to financial freedom, not the steps to recovery.
About the Author
If you are serious about gaining control over your financial situation and implementing your own money management system, please start by visiting us at Applying Wealth Education ( http://www.applyingwealtheducation.com ). Our goal is to share knowledge for building wealth, develop a millionaire mindset and gain financial freedom.