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Tuesday, October 6, 2009

Personal Finance - Transition During This Hard Economic Times:

The current world wide recession has seen many find it hard to maintain their lavish lifestyles. To some people it has become even difficult to meet their daily needs. Things that before were needs have now become wants since they are no longer affordable and someone has no choice but to live without them, all due to the economic recession.

It has therefore become imperative for people to find ways to transit from this lavish lifestyle smoothly in order to at least meet the basic necessities of life. It can prove to be quiet a task especially where children are involved, they may not understand why things have changed drastically hence as a parent you need to explain to them exactly what is happening.

A point in case would be, if you used to go out for movies every so often, you can opt to go to the video store and pick some current movies, make some snacks to munch on as you watch the movies in the house. As for those who used to go for long holidays as international tourist but now they cannot afford to do the same, they can choose to be local tourist.

If you cannot afford to buy something now, rather than straining yourself it would be advisable to start saving for it. The other thing to avoid is getting a credit card that you cannot afford to pay, Click Here!. Credit cards are a vicious circle where if you are not careful you will be just servicing the interest hence it can ruin your finances. Therefore, avoid the use of credit cards and buy just what you can afford for now as you wait for the economy and your financial status to stabilize.

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1 comment:

  1. Thank you for sharing. I also read some of your posts and I learned a lot of things. Keep updating and looking forward for more soon! Thanks for sharing again.

    ReplyDelete

Achievement - Power And Ability Of A Positive Mind

“Attitude is everything!” This statement carries so much truth that if every one took time to think about it and make necessary adjustment in life, then our lives would change for the better. Many times in our quest for self improvement, we have concentrated on changing and improving many things but our attitude.

Attitude is a person’s frame of mind. It is the mindset that a person has that helps him to develop a world view. Attitude is expressed by how we respond to issues. One person once said, “Life is not what happens to you but how you respond to issues”. Two individuals may encounter a similar negative situation but how they will each respond will determine the outcome.

One of the main attitudes we need to embrace is cultivating a positive mindset or attitude. As you read through history you encounter ordinary individuals who did extra ordinary things. Moses in the Bible was known to stammer in his speech but he became the deliverer. Abraham Lincoln on the other hand educated himself; he had no formal education but became the most acclaimed president in the history of the United States.

Mother Teresa, a simple nun in Calcutta also became an icon through her acts of mercy and philanthropy. The list could go on and on. What characterized these people was a positive mindset, they all believed in possibilities and they responded decisively for the good of humanity.

Regardless of your present status and condition, you can accomplish anything with positive thinking. There is power that is released through positive thinking and once it is released, it will always work for you. Positive thinking acts to enhance your abilities and virtues. Nothing is impossible to him that believes.

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