The other day I heard an interesting news clip, but it wasn't good news. Now, normally I like to focus on the positive and write about things that are good and will be helpful. But always the optimist, I'll put a spin on this so that it does become good and helpful - it will depend on what you, the reader, choose to do with the information.
The news headline said that only 25% of Americans could scrounge up $2,000 in one month! And only 24.9% of U.S. citizens could definitely come up with $2,000 if they needed to. This came from a study by the National Bureau of Economic Research. There were some more statistics in their paper, but the gist of the report is an overall scary one because it's a gauge revealing that nearly half of Americans are financially fragile. That $2,000 represents an ordinary financial emergency - car repair, medical, home repair, etc.
It's no surprise that the vast majority are living paycheck to paycheck; you hear it all the time. In fact, a new study from CareerBuilder.com says that 61% of workers are struggling to make ends meet in this way. How many households are one paycheck away from financial ruin? Imagine a simple mistake like bouncing a check could cost you and you would end up needing a second chance checking account or bad credit checking account to manage your money. If this isn't financially fragile I don't know what is!
So where does the good news come in? Well, the good news is that it doesn't have to be that way for you! You can do something about it, and there are many good online resources that give tips on how to avoid such financial setbacks. You could make a commitment to put funds aside for your rainy day account. This is a very important and wise practice for cushioning every family. But what if there's absolutely nothing left over to put aside? Hardly good news - in fact it's downright depressing!
Along side all the good practices to secure your financial station, you could also decide to join the many who looked at their financial fragility and said "No more!" They joined the ranks of home business owners and got busy building a business. They decided to not let the present economy and the world of corporate down-sizing rule their financial fate.
Multi-Level-Marketing could very well be your bit of good news. It's a viable option because it's a relatively small start-up investment to owning your own business, and you leverage the efforts of many instead of just yourself. It was John Paul Getty that said "I would rather earn 1% off 100 people's efforts than 100% of my own efforts." In fact, some of the biggest names in the financial world speak very highly of network marketing - Warren Buffett, Robert Kiyosaki, Donald Trump. I'm not here to push one company over another, but to encourage you, if you find yourself also financially fragile, to seriously look into this option. There are many good companies to look into, and plenty of reviews online to check into them before deciding.
But whatever you decide, if you are financially fragile and have a second chance checking account you do have a choice to make a change. You have a choice to either stay where you are - frustrated, worried, stressed, and complaining about your situation - or face your circumstances head-on and come up with a game plan. Research the various MLM's out there, pick one that you can get excited about, write down your goals and tasks to do each day, then stick to your plan.
The truth is, no MLM will make you rich or financially stronger overnight. But beginning your own business through this method can be your first step toward building a more secure financial future for yourself and your family. If you have the right system in place and are consistent in what you do, your future will look brighter financially rather than financially fragile.
The news headline said that only 25% of Americans could scrounge up $2,000 in one month! And only 24.9% of U.S. citizens could definitely come up with $2,000 if they needed to. This came from a study by the National Bureau of Economic Research. There were some more statistics in their paper, but the gist of the report is an overall scary one because it's a gauge revealing that nearly half of Americans are financially fragile. That $2,000 represents an ordinary financial emergency - car repair, medical, home repair, etc.
It's no surprise that the vast majority are living paycheck to paycheck; you hear it all the time. In fact, a new study from CareerBuilder.com says that 61% of workers are struggling to make ends meet in this way. How many households are one paycheck away from financial ruin? Imagine a simple mistake like bouncing a check could cost you and you would end up needing a second chance checking account or bad credit checking account to manage your money. If this isn't financially fragile I don't know what is!
So where does the good news come in? Well, the good news is that it doesn't have to be that way for you! You can do something about it, and there are many good online resources that give tips on how to avoid such financial setbacks. You could make a commitment to put funds aside for your rainy day account. This is a very important and wise practice for cushioning every family. But what if there's absolutely nothing left over to put aside? Hardly good news - in fact it's downright depressing!
Along side all the good practices to secure your financial station, you could also decide to join the many who looked at their financial fragility and said "No more!" They joined the ranks of home business owners and got busy building a business. They decided to not let the present economy and the world of corporate down-sizing rule their financial fate.
Multi-Level-Marketing could very well be your bit of good news. It's a viable option because it's a relatively small start-up investment to owning your own business, and you leverage the efforts of many instead of just yourself. It was John Paul Getty that said "I would rather earn 1% off 100 people's efforts than 100% of my own efforts." In fact, some of the biggest names in the financial world speak very highly of network marketing - Warren Buffett, Robert Kiyosaki, Donald Trump. I'm not here to push one company over another, but to encourage you, if you find yourself also financially fragile, to seriously look into this option. There are many good companies to look into, and plenty of reviews online to check into them before deciding.
But whatever you decide, if you are financially fragile and have a second chance checking account you do have a choice to make a change. You have a choice to either stay where you are - frustrated, worried, stressed, and complaining about your situation - or face your circumstances head-on and come up with a game plan. Research the various MLM's out there, pick one that you can get excited about, write down your goals and tasks to do each day, then stick to your plan.
The truth is, no MLM will make you rich or financially stronger overnight. But beginning your own business through this method can be your first step toward building a more secure financial future for yourself and your family. If you have the right system in place and are consistent in what you do, your future will look brighter financially rather than financially fragile.
