Since the beginning of the year, we have been expanding on the elements of our 2012 Money Manifesto. It is possible to create the financial life that you desire by understanding and following the basic principles of money success.
In today’s column, we will take a look at the sixth component which speaks about dealing with debt. Let’s examine some key do’s and don’ts that can help you to manage debt wisely: Continue reading How to Manage Debt Wisely
“I work in the tourism sector and I’m worried that the current international financial situation will cause me to lose my job. I don’t know how I’ll be able to manage without this income, and I’m feeling really scared right now about my future.”
The global economic crisis is having a negative impact on a wide cross section of the society – large conglomerates and small businesses, company executives and line staff, wealthy people and the poor. Institutions and individuals alike are reeling from the repercussions of a financial world in turmoil.
A reader recently asked me how it was possible for me to advise people in this financially challenging period. The reality is that whether times are good or bad, the principles that govern money remain constant.
If you understand the essentials of how to manage, multiply and maintain your money, you will always be able to keep a sound footing even in the midst of a financial storm.