• Eric Bowie

Surviving Tough Financial Times

As we go through tough financial times, it's important that you take care of yourself, your family, and your finances. Keep in mind that it's normal to be nervous, scared, and uncertain. And your most important job is to secure shelter, food, transportation, keep family close, and prioritize.

Here some things to consider to help you get through the tough financial times:

1. Call your creditors. You can never get what you never ask for. See what you can do about negotiating with each of your creditors on delaying or deferring payments. Pay the most important creditors first and read over the stimulas package so that you can know your rights. Also, if you can pay your bills, because you are still working, pay them.

2. Stay Sharp Spiritually. Pray, fast, meditate, and do what you have to in order to keep a good spiritual mindframe. When times are tough, that is when you need to stay strong spiritually. Listen to something motivational when you wake up in the morning, or something that will stir your spiritual self.

3. Stay Sharp Mentally. Learn new information, read something new that is non-fiction, learn a new skill, or spend some time training yourself to do something that you've always wanted to do. It's a perfect time to do it. Go for it. It's important we keep our minds sharp during this time.

4. Stay Sharp Physically. Eat right, exercise regularly, and walk daily, if possible. If nothing else, just move and eat better. Now is a good opportunity to leave fast food alone and start cooking your food. Develop an exercise routine and stick to it. You get one body, take good care of it because it matters.

5. Prioritize Your Finances. It's a good time to figure out what are your needs and what are your wants. Figure out what is a priority for your finances and what isn't so much of a priority. Perhaps you can build your budget and write out your financial goals during this time.

6. File for unemployment if you are able to. Last week, a record 3.3 million Americans filed for unemployment when businesses shut down due to the COVID-19 virus. If you haven't done that yet, do it. It doesn't hurt to get that ball rolling if you have to.

7. Limit your time watching the news and on social media. The news on TV simply adds to our fear and anxiety. Social media does the same.

Often times there is so much information that you don't know whats true, what's false, or what's made up out of thin air for some unknown agenda. Better to use precaution and watch only enough of the news, and as little of social media, as possible.

8. Develop other streams of income for yourself. There are so many ways to make money nowadays, especially onilne. If you have a home computer, or even just a cell phone, you can create income for yourself. I wrote a blog post with 115 ways to earn side money. Click HERE TO CHECK IT OUT.

9 Online presence. Perhaps this is a great time to develop your online footprint, re-brand yourself, refocus your online presence, and capture a new audience or new customers.

The point is to keep your head up and don't get down on yourself. If nothing else, help someone else, and keep moving forward. Keep in mind that this is just a season that we are passing through and tough times don't last forever. Keep telling yourself that you will survive and you will thrive.

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