turn your finances aroundMoney isn’t the most important thing in the world. When facing tough times, though, it can be hard to think about anything else. If you’re currently in this situation, escaping the mire should be your number one priority.

Unfortunately, unless you win the lottery, this isn’t an overnight task. It will take a lot of hard work and endeavour, but you can turn your fortunes around. Follow the tips below, and you should notice an upturn in events within the space of just six months.

You’ll be amazed at how quickly it flies by.

Be Organised

If you are serious about turning your fortunes around, then it’s imperative that you get organised. Not only will it help you prioritise things, but it should stop you from incurring late payment charges and other hefty fines.

Seriously, there’s nothing worse than paying extra money due to your own negligence. Quite frankly, reducing these problems is the first step to taking a more mature approach to finance. Do not forget it.
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ways to help you become financially freeIf you could ask a thousand people right now to list five things that they wish they could achieve in this lifetime, it wouldn’t surprise us in the least if one of the things that they mentioned was financial independence. That’s because, in a world that is filled with so much debt and credit issues, by knowing how to make savvy money choices, it can cause one’s life to be lot easier while granting them access to so much of what they desire to have.

If you happen to be someone who is currently on the path towards achieving financial independence yourself and you’d like a few tips on the kinds of steps that you should take in order to reach that goal, we have five proven ones for you below:

Don’t “get a job”. Start a career. There are a lot of people who work at low-paying, dead-end jobs who will tell you that they would’ve never thought their life would turn out that way. Years ago, they thought to themselves “I just need to get a job” and now here they are, still at the same place of employment, with a very limited possibility for promotion. The way to avoid this trap is to plan for a career. Think about the kind of professional you want to be. Go to college. Get an internship. Find a mentor. The more educated you are, the easier it will be to get a good paying position; one that will provide much room for lots of growth.

Set a budget. People make a lot of money mistakes, simply by taking the “I’ll just wing it” approach to their spending. It’s really easy to look up and realize that you spent hundreds of dollars on food, entertainment and clothes that you don’t really need. You can avoid this by establishing a monthly budget where bills and a savings account comes first. This brings us to the next point.
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Half of non-retired Canadians say they plan to retire by age 65 and expect Canada Pension Plan (CPP) to fund part of their retirement, according to a recent Leger Marketing survey for H&R Block
Canada. But less than one-third actually know how much to expect from CPP every month.

The same group of Canadians listed Canada Pension Plan, Registered
Retirement Savings Plans (RRSPs) and Old Age Security (OAS) as the top three
ways they planned to fund their retirements.

“Canadians who are not retired yet may be relying too much on CPP or Old Age
Security benefits as part of their retirement plan,” explains Cleo Hamel,
senior tax analyst at H&R Block Canada. “And with the recent changes to OAS,
you will not be able to access that benefit until age 67 if you were born on
or after February 1962.”
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Ideal Investments For The New Age Millionaire

by Guest on August 13, 2012

Becoming a millionaire these days is far easier than ever before. Now making a million dollars is not going to take you a lifetime;  Some people will even be able to make a million dollars in the span of just a few years. It is because of all the new investments that people are making that turn them into self-made millionaires.

So, what are some of the ideal investments for the new age millionaire? Great question because there are actually a few that you may not know much about. Being that you are probably excited to see what the future holds for you, let’s dive right into it.
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Persistence Is Key For Financial Success

by Pam on November 1, 2010

When I was a child I used to have the picture (seen on the left) up on my wall that said, “Never Ever Give Up”.  I really liked it because it is the true picture of what it means to persevere.  Although it is silly, it gets the point across.  Whether you are a frog that is being eaten by a bird or not is beside the point.

You will find that most things in life that are worthwhile involve a lot of persistence. This is especially true for achieving financial success.  Persistent people make more money, save more money, and have a higher net worth than those who lack persistence.  They are so successful because they never give up.

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Have you ever wondered if you’ve got what it takes to be wealthy?  Well, if you are curious, there is an interesting quiz you can take to find out.

Based on various research studies done in the past, there are all sorts of interesting tidbits about the qualities of people who are wealthy.  For instance, did you know that optimists do better financially than pessimists, however if you are too optimistic you may be prone to spend more than you should?

Another interesting fact is that really smart people, with IQs of 130 or higher aren’t necessarily all that smart when it comes to their finances.  Being intelligent in other areas does not necessarily mean you will be smart with your money.
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What Do Billionaires Have In Common?

by Pam on August 17, 2010

Did you know that there are currently 937 billionaires in the world?  Compared to the 6 billion people that live on our planet, that’s an extremely small number.  So what do these folks seem to have in common? According to an article on globeinvestor.com, most billionaires share 5 common traits: entrepreneurism, frugality, vision, risk-taking, and patience.

So billionaires are entrepreneurs with a vision who are not afraid to take risks, but are patient enough to know when it’s the right time to make their move, and even though they may be rolling in the dough, they don’t spend their money foolishly.  That doesn’t sound so hard, so why do so few of us end up to be billionaires, or even millionaires for that matter?
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