Money is a domino in our lives,like it or not.An old proverb that has reverberated down family trees is that money is a root of much evil.

This recession has spliced open the mettle that\’s us or whatever we believed we were made of.People have lost jobs, their businesses, their financial nests and in some cases their feelings of self-worth.They have gone on to become afraid and furious.They feel victimized by events,by peers and even government.

But they keep afloat on a lifeboat of debt and hope,waiting for help to airlift them out of the mess or to be rescued by friends at church or someone.They bunker down and hope..expecting that things will turn out for the better.But life\’s lonely in a bunker.It\’s a tendency that skyrockets during downturns.If the bunker beckons don\’t smell the flowers but go out instead and be an entrepreneur. Hustle,retool,take responsibility to remake yourself.Start an income stream.Take risks.Bring to mind the soulless grind that work had been.Start something.Put your faith in your talent and boot for your dream .

High indebtedness, excessive spending, empty savings boxes have taken over the lives of many a rainmaker. Unless you wrestle back to take the reins of your financial life, there\’s little to look ahead to.

Here are some of those money holes and a suggestion:

Not Budgeting: The root of most financial problems began with a failure to plan ahead and set small financial goals. Inflow and outflow of your income cannot be left to whim and fancy. Sit down today and set some immediate goals.

On The Spur Spending : Uncontrolled spending, however right you feel, argue or are opinionated abouts destroys. Every little expense adds up and chews your wages to oblivion. If this a runaway habit, then wastage, turmoil, distress and debt will lay your financial life on death bed

Debt Bondage: Some debts, for housing and education are necessary. But accumulating debt for lifestyle pursuits,wanting to have a good time everyday would debilitate and paralyse you.

No Savings: The one step that\’ll build your life is:savings.Yet this financial raft is all too often forgotten,discarded and buried by poor money habits. Setting aside a small portion of your income, made a habit of, can build empires. Without savings you can\’t grow your wealth.If you squander all that you earn you are on your way to blowing yours and your loved ones\’lives,away.

A Suggestion – Plant An Income Tree Now:Perhaps it\’s time to put together an income tool bag and seek out to resource your income generating sources.

I remember reading an article years ago in the Reader\’s Digest that 75% of us have a deep down yearning to do our own thing or something close to that ,like write a book , invent something but we don\’t get to or even never get to.Ordinary people are very vulnerable to being financially routed.Having a road map to diversify your income streams or planting a money tree now,could be groundbreaking effort.You\’ll add value to your financial life in launching off now than letting bad news rouse you from slumber someday.

Cally Rao had been a Manufacturing Manager in a F 500 Company,is now a college instructor and a passionate believer in entrepreneurism.For more information on the above ,check out :
http://earneverydayfromhome.com

Cally Rao had been a Manufacturing Manager in a F 500 Company,is now a college instructor and a passionate believer in entrepreneurism.For more information on the above ,check out :
http://earneverydayfromhome.com

Author Bio: Cally Rao had been a Manufacturing Manager in a F 500 Company,is now a college instructor and a passionate believer in entrepreneurism.For more information on the above ,check out :
http://earneverydayfromhome.com

Category: Career
Keywords: money holes , plug money holes,income tree,savings,debt,budgeting