18 CHOICES | 2013 SPRING ISSUE
A, B, C, Ds OF SUCCESS
Curious why some people have it all together? Why are some able to confidently set and achieve realistic personal and professional goals? The“ why” can be found in the financial ABCDs.
urious why some people
C have it all together? Why are some able to confidently set and achieve realistic personal and professional goals? The“ why” can be found in the financial ABCDs. This is your foundation, and a strong foundation allows you to build the life of your dreams! Truly successful people have mastered, and continue to master their financial ABCDs as they build confidence and self awareness. They control their money, and you can, too!
Get started now with the Financial ABCDs:
Have A plan that includes the following four areas:
Budget: Start with a simple written plan( budget) of what is coming in and going out( your monthly net income and expenses). This is the cornerstone of your financial future. It gives you the framework to confidently maintain a reasonable lifestyle while paying down debt, saving and setting goals. It eliminates the guesswork and puts you in control.
Choose the format you like – simple paper and pencil or various software programs. For a basic Excel spreadsheet and free resources, visit: http:// www. kathyjopollack. com / links. html.
Credit: This is twofold. It is about giving yourself every opportunity that comes with good credit. Whether you are applying for a loan, credit or insurance, applying for a job, or even renting an apartment or buying a house, chances are that your credit report will be viewed.
First, be aware of what each of the three major credit reporting companies say about you. It is your information and you should know it. Knowledge is power. Access and review all three of your credit reports, which are free every 12 months, at: www. annualcreditreport. com. This is the official site to help consumers access their information. Beware of similar sites which may not be legitimate. Then, make every effort to keep your credit reports accurate and positive. Once your credit reports are accurate, proceed to check your credit score( s). Scores are not free nor are they included with your credit report. Strive for scores in the 700’ s & upward!