The Writing Is On the Wall
Reduce your debt to free yourself from financial stress.
The Wall Street Journal today reported that, “In the credit crisis, banks have been taking extraordinary steps to shore up their finances, selling stakes to foreign investors and snapping up loans from central banks. Now comes the yard sale. In a sign that they see tough times ahead, U.S. and European banks are considering sales of everything from branches to entire units.”
In the UK we have watched with ‘bated breath as interest rates go up, then up, then down just a little bit. What will they do in 2008? Put yourself in a position of power, reduce your credit card balances, pay back your outstanding overdrafts and draw up a plan of action to reduce the size of your personal loans.
Financial stress is insidious. It crawls up behind you and taps you on the shoulder when you least expect it. It’s a long, tiring road when you’re carrying that load on your shoulders.
Make 2008 the year you move from financial stress to financial freedom!