Every now and then, we all get a little complacent with our finances.
If youre ready to get back into financial shape, try this exercise.
If youre on track with your financial goals and youre satisfied with your spending plan, thats great.
He writes:
What would you do if, starting tomorrow, your income was immediately cut in half?
To receive benefit from the question, its important to leave details on the sideline.
Most people would have to make radical changes.
When you ask yourself that question, think about it in terms of both expenses and income.
First, what would you do to save money?
Your list could include anything fromasking for a raisetogetting a roommate.
Are you willing to take action on anything youve listed for meet your financial goals?
If so, come up with a plan and move forward.
Check out Bakers full post for more detail.
A Simple Question to Jump-Start Your Finances| Get Rich Slowly
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