| Get a Free Vedic Birth Chart! |
5 Essential Habits to Avoid Financial Disasters
These are the most essential habits to prepare for disasters such as the recent subprime mortgage meltdown. These tips only take about 5 minutes a day and will help you throughout your life.
1. Simply be aware of the possibility that financial disasters happen often. Time and time again, national financial disasters/ national physical disasters happen, yet people never think it will happen to them. Business expansions and recessions happen in cycles. The current banking crisis was preceeded by one 15 years ago (Savings and Bank Loan crisis), and another one twenty years before that, and so on… Just being aware that these things happen several times over the course of one’s life will naturally make you more proactive on preparing for disasters.
2. Keeping records/ backups of your records. It is important that you keep your bank accounts statements, so you can know exactly how much money you have stored and how much debt you have. Also, if you ever ask someone for advice to improve your finances, the first thing they will ask is for your records so they can help you reorganize your finances. It only takes a min to put any new mail that comes from your bank every day into a simple file or storage cabinet.
3. Reading the news and blogs to keep up-to-date. Imagine how bad you would feel now if you had bought a new house the day Bear Stearns (one of the largest investment banks) collapsed because of subprime mortgage problems, and had not read the news just two days before. A simple glance of the front page of the newspaper or a news website would’ve made you think before you purchased a new house. Unfortunately most of us do not even have the time to purchase a newspaper every morning. Instead, we should use the Internet and email to our advantage. The easiest way to keep up-to-date is to subscribe to blogs which are relevant by entering in an email address on their website for a daily email. It often takes only 2 min of your day to quickly scan the email, and see if anything is important to you, and there is no downsides, as you can turn off the daily updates whenever you wish to easily.
4. Ask friends and other people for advice. People who know you well will know your characteristics and sometimes can give advice on things like spending habits you didn’t notice about yourself. Also, keeping a personal diary for at least a few months will show you things about yourself that are hard to see day by day.
5. Consult a financial advisor or an astrologer. While it is normally a good idea to talk with someone who has experience doing finances, in these dire times you often need more than just financial advisors. Astrologers have an incredible amount of experience talking about people who are going through hard times because they often visit astrologers. Therefore, a good/reliable indian astrologer can give lots of sound advice, both planning for the future and recovering from the present. In fact, a number of financial advisors visit indian astrologers themselves.
In countries all over Asia, people do not commit to any important decisions without first consulting with an astrologer. If you have not had the experience of an Astrological reading, it never hurts to try, because of how fast and inexpensive it is nowadays to get an individual horoscope and reading.
| Search for more horoscopes or articles at our website: |
- Online Banking (Financial Planning Information)
Online banking solutions have many features and capabilities in common, but traditionally also have some that are application specific. The common features fall broadly into... - Social Security (Financial Planning Information)
Social security primarily refers to a social insurance program providing social protection, or protection against socially recognized conditions, including poverty, old age, disability, unemployment and... - Unemployment Compensation (Financial Planning Information)
Unemployment Compensation is an amount received by an unemployed worker, originating from the United States or a State. In the United States, this compensation is... - Buy Bank of America Stocks
Buy Bank of America Stocks ... - Business and Finance by Astrology Free E-Book
Welcome to our “Business and Finance by Astrology” Free E-Book . We recommend reading all of the chapters, as each chapter contains important information needed to...
Comments
16 Responses to “5 Essential Habits to Avoid Financial Disasters”
Feel free to leave a comment...
and oh, if you want a pic to show with your comment, go get a gravatar!
[...] presents 5 Essential Habits to Avoid Financial Disasters posted at [...]
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]
a make money blogging carnival - August 1, 2008…
Welcome to the August 1, 2008 edition of a make money blogging carnival.
Gilbert Van Norman presents Cash Crate The Ulitmate Guide posted at My Guide To A Online Income, saying, “A blog on succeeding at making money on CashCrate. Grea…
carnival of struggling bumbling newbies - August 2, 2008…
Welcome to the August 2, 2008 edition of carnival of struggling bumbling newbies.
Jeff Sullivan presents Branson Country USA Late Night Show posted at Branson Travel Attractions.
Larry Russell presents Financial Planning Reading List post…
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]
The Carnival of Smarter Investing #17…
Welcome to the Seventeenth Edition of The Carnival of Smarter Investing! We’re back with our first week of August edition of CoSI, so sit back, relax, and enjoy this supersized gathering of featured articles by investors and writers in the areas of bu…
Money Hacks Carnival #24 - The Dog Days of Summer…
Welcome to the August 6, 2008 edition of The Money Hacks Carnival! This is a weekly traveling carnival published every Wednesday, and sponsored by The Money Hackers Network. It was hosted last week at Can I Get Rich on a Salary. Next week’s …..
[...] Care gives five great tips to avoid a financial [...]
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]
[...] Care presents 5 Essential Habits to Avoid Financial Disasters posted at DecisionCare, saying, “An important article about using simple tips to prepare for [...]