In this step, you evaluate your alternatives as part of the financial planning process. Use the many sources of financial information that are available. Look at your situation in life, your present financial situation, and your personal values. Consider the consequences and risks of each decision you make. This is like comparing personal financial planning theory and practise (more…)

In times of crisis, to test the foundations on which we have built. A strong foundation should withstand the storms that blow during unstable economic times.Unfortunately, the latest economic crisis uncovered huge money management weaknesses and many people were surprised by its catastrophic effects. They had to watch helplessly as their jobs, your savings and belongings went up in smoke literally. (more…)

Assets are things of value, because it can be exchange into cash. Your assets include real estate property you personally own and some of your financial investment. On the other hands you have debts as your liabilities. For this case, your home is your asset, but the mortgage of your home is your liability.

Assets include real estate, personal property and all your financial assets. (more…)

It is without question living with a bankruptcy can be quite unbearable, especially if forced to sell your possessions to pay off your debt. This is why most people getting out of debt after bankruptcy vow to never file bankruptcy again. However, if you look at the situation more positively there’s a big chance you can get your life back on track following bankruptcy. Here are 7 tips when applied effectively can help you get your life back on track.

1. Positive Support -They are constant reminders of the hardship you’re encountering. (more…)

After fulfilling orders for hardship letters for few years I got so many questions that I decided to give the answers, here. First, a few words about my background. I started my career in corporate America, but a few years ago decided to start my own business.

As helping other people was my main direction I decided to get a Masters in Psychology and then began working with divorcing couples. (more…)

If a review of your net worth suggests that something needs to be done to improve your financial situation, the best way to understand the problem is to compare what you earn to what you spend. This is called a cash flow analysis. It gets to the basic question of how much of your income is spent on debt service, consumption, and savings. (more…)