how to break financial barrier.....
HOW TO BREAK FINANCIAL BARRIER
1. Stop any form of borrowing. This includes credit cards and loans from family and friends. Consumer credit is our most common source of indebtedness, and the sooner you stop borrowing, the sooner you will get out of debt.
2. Develop a spending plan. A spending plan gives you the freedom to spend money with a purpose or strategy. It simplifies daily decisions and ensures that your priorities will be met. The deeper in debt you are, the more restrictive your spending plan will need to be while you pay down debt.
3. Work out a payback plan with your creditors. Most creditors are willing to work with people who honestly want to repay them.
4. Learn to trust God and you will experience self-control. That sounds like a paradox, but it's the key to getting out of debt and staying out of debt. The more you trust God, the less you'll want to borrow.
SEE ALSO: Find Financial Freedom through Giving
5. Break the hold materialism has on your heart through giving. The cure for wanting things is generosity. Begin giving 10 percent of your income to support God's work to demonstrate He is the highest priority in your life.
6. Seek counsel and advice. Pray and ask God to place others in your life that will gladly share their wisdom and experience to help you achieve your goals.
1. Stop any form of borrowing. This includes credit cards and loans from family and friends. Consumer credit is our most common source of indebtedness, and the sooner you stop borrowing, the sooner you will get out of debt.
2. Develop a spending plan. A spending plan gives you the freedom to spend money with a purpose or strategy. It simplifies daily decisions and ensures that your priorities will be met. The deeper in debt you are, the more restrictive your spending plan will need to be while you pay down debt.
3. Work out a payback plan with your creditors. Most creditors are willing to work with people who honestly want to repay them.
4. Learn to trust God and you will experience self-control. That sounds like a paradox, but it's the key to getting out of debt and staying out of debt. The more you trust God, the less you'll want to borrow.
SEE ALSO: Find Financial Freedom through Giving
5. Break the hold materialism has on your heart through giving. The cure for wanting things is generosity. Begin giving 10 percent of your income to support God's work to demonstrate He is the highest priority in your life.
6. Seek counsel and advice. Pray and ask God to place others in your life that will gladly share their wisdom and experience to help you achieve your goals.
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