Economy Got You Down? Here’s What to Do

For the next 30 days, I’d like you to ignore The News. Don’t watch it on TV, listen to it on the radio, read it in the newspaper, or the Internet.


It’s nothing more than sensationalism and propaganda (at best). Vintage Omega

It focuses on and emphasizes the negative in the world.

If you listen/watch/read Fox News, local news, MSNBC, ABC News, CBS News, NBC News, the Drudge Report, Yahoo News, etc., you’d think the world was coming to an end. Particularly economically.

While things aren’t as good as they have been, what does 12% employment mean? How about 88% employment?! Eight out of nine people in the working class are working. hogar

I don’t know about you, but I like it when my chances are 88%.

While macroeconomics matter to economics professors, all that matters to each of us is microeconomics. The little decisions we make with our money.

You can make your money worries become a bad memory, and your financial dreams a reality by taking small steps that coincide with your financial goals.

This list of small steps will yield big dividends by eliminating your debt and building your credit score. YTMP3


  • Pay yourself first. I know this has been beaten to death, but there are people who still don’t do this. I want you to take off 10% and put it in a savings account. Every pay period. PC Financial does not have any service charges so this is a good place to start. If you’re struggling, then start with 5%. This will get you into the savings habit and then you can increase it to 10%. What we focus on expands. Try a little experiment. I’m thinking of buying a Range Rover and now that I have it in mind, I see them every where. Put something in your mind and see how often it shows up.


Even putting away $50 a week into a savings account, earning 2% interest, will give you over $8000 in just three years. Youtube to MP3

There are a few other places you can put your money into that will give you a higher interest rate but I wanted to show you that even by putting it into a savings account, you still make money.


    • Automate your bills so that you never miss a deadline. FICO pays a lot of attention to missed payments. FICO says that it can take as much as two years to bump up your score by paying bills on-time. I’ve had clients do it in a year.
    • Don’t panic if you’ve missed payments. Catch up as quickly as you can and your score will improve within 6 months. The longer you stay on track, the higher your score increases.
    • Keep your balance below your credit limit by at least 50%. So if your credit card limit is $2000, keep your balance below $1000(paying it off every month is best). Being maxed out can cost you as many as 100 points.
    • Spread your balances. Don’t use one credit line to pay off another. Even if you’re consolidating your loans. Your FICO score will be higher if you have small balances on a number of different cards rather than a big balance on one or two.
    • If you put high balances on your credit card, pay it early. Let’s say you pay your bills in full each month, running high balances can still hurt your score so avoid this by paying down part or all of your bill before the end of your statement period. Then it reduces the balance due that will be reported to FICO
    • Keep your old accounts even if you’re not using them. Your score increases with your credit history.
    • Demonstrate that you are responsible by not borrowing too much and paying back what you borrow… on time. Don’t open new accounts to increase your available credit or create a better variety of credit. Especially if you’re just beginning to establish a credit history.
  • If you’re shopping for a loan, do it within 30 days so that the inquiries are batched together and it’s obvious to FICO that you’re loan shopping. Otherwise too many inquiries spread out over a long period will hurt your score because it appears as if you’re trying to borrow money from many different sources. A perfect example of batching is when you shop for a mortgage.


I can’t tell you how many financial dreams fail because people have not acted on their good intentions. Have you ever said the following? “I had every intention of saving, but I got busy/sidetracked/something unexpected came up and I couldn’t.”

If you suffer from I don’t make enough to save-itis, or late payment-itis, or any other itis that is keeping your from buying a house, paying off your debt, making more money or anything else, then it’s time for change. Seize the feeling of a fresh start that comes with the new season and take the first step.

Demi Karpouzos is founder of Strategical Coaching, a company devoted to teaching people around the world how to eliminate debt and habits leading to debt, how to create an abundance mindset, and how to successfully build their finances and invest for ongoing prosperity and financial freedom. For more info please visit these websites:-


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