Personally I always see financial difficulty as a call to become more stringent in measures taken to grow through investment or paid employment to forestall further hardships and permanent financial disability. The financial difficulty isn't the problem but the destination it can get you to If left unchecked. So below are a few steps I personally think would help.




1. When you are in financial need,sell an asset rather than borrow to solve your problems.
I suggest this because the pressure that comes from being a debtor is ok to mess up major decisions you would take. So I believe It is better to lose an asset than to lose sleep over an increasing debt profile.

2.Reduce expenditure with immediate effect while forecasting the worst case financial difficulty
This will speed up recovery process because you have imagined the worst and it always is scary to go back down the financial ladder. now start working early to avoid it.


3.Try and Develop a great business plan by gathering intelligent informations from smart friends and acting on them.


4. Do more research politically
The economy of a country greatly depends on its political bearing. A government which gives peace of mind attracts more investment as compared to a government that sways with the wind. So it might be necessary to follow a bit of politics to always make wiser economic decisions.


5. Stay away from spend thrift friends for a bit till you get up the economic ladder again. Remaining with them will only pressure you to always want to live up to expectation. So chill if you want to recover from that financial down turn.


6. Open savings bank accounts
For every kind of expenditure you make. e.g furniture account,vehicle account and so on. Thereby let's you know what you can afford to spend on what and when.

A word is enough for the wise. Happy new year and great achievements ahead.

Nice one

Let's go people!!!

doingood:
Nice one

survival is Paramount