Millions Are Seriously Hurting Financial - Defining The Problem And Then Focusing On The Solution!

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I'm very solution oriented. I'm always looking for the solution. My kids and grandkids have listened to me for years say, "What's the solution. Focus on the solution."

There's always a solution. That's never the problem. The problem is whether people will take the actions toward those solutions, or whether they'll just drown themselves in their self pity and play the victim?

Sorry if that's too blunt for you. I'm not one to blow smoke up people's cabooses or to simply appease people. I'm a problem solver and I help people create better lives, but all I can do is give you direction. It's up to you to actually take the actions to better your life.

Anyway, moving on...

For many, these dark times we're facing will be a key part to their story of how they turned everything around and took care of their family, and in the process were able to create an amazing future for themselves and their family.

It's not uncommon for hard times to bring out the warrior in people, to make people go beyond what they thought they were capable of doing all in the name of protecting and taking care of their family and not being a victim to what's happening in the economy.

It's a fact that we have the highest gas prices we've ever had. It's a fact that inflation is the highest it's been in 40 years. These two things alone have created a rippling affect throughout our economy skyrocketing costs because it has increased the costs of just about everything.

Take a hamburger, for example... the restaurant is paying more for the buns, for the meat, for the tomato's, for the lettuce, for the pickles, for the condiments put on it. Every part of a product costs more which causes the overall cost of that product to jump in costs. Then there's the additional costs of fuel to get those products to the businesses.

The high inflation is affecting businesses and their sales. These days consumers don't have nearly as much extra money as they did two years ago so they're just not buying things like they once did. Many businesses are barely even getting by because of such low sales.

Even Amazon is feeling the pain of lower sales and has stopped a number of their growth plans like new warehouses, and they're laying off over 11,000 people.

This high inflation has affected most everyone and most businesses!

So what's the solution?

First, You Need To Understand There's No End In Sight For The Economic Nose Dive In America...

The first thing you need to understand is there's no end in sight to the bad economy and high costs...

This is just a summary to these factors causing us so many financial problems. I haven't even addressed the recession we're in or the food shortages expected in 2023.

We could write an article discussing each of these things to provide a whole lot more information about what caused these factors and the effects of these things to our lives. Or better, you can just do some research to learn more if you're interested in learning more.

So what's the solution to what we're facing?

The Problem-Solution Strategy...

To figure out what exactly the problem is in order to solve the problem, what I've always done and have taught many others to do is use a strategy I've used for years to trouble-shoot problems which requires a solution. I've been using this strategy for years and it always works. You can use this strategy for any problems you have. Let me share it with you...

Follow the above steps, they won't steer you wrong. The hardest part is being honest and real about the problem, and having an open mind when listing out solutions.

A word of advice, don't focus on things you have no control over. These things are not part of the solution because you don't have control over these things. The only things that can be part of the solution are things you personally can do, things you personally have control over.

Solutions To Your Financial Challenges...

For this article the question is, "What's the solution to these problems? Is there anything we can do to take this financial pressure off of our shoulders?"

Obviously, the solutions will be different person to person because we all have our own individual circumstances. So I'm just going to list out possible solutions and if they work for you apply them. If not then discard that option. Along with these solutions, create a list yourself specific to your circumstances like shown above using the problem-solution strategy.

There's two ways to increase your monthly available money... 

Possible solutions. Let's start with #1, reducing monthly expenditures...

• One way to make more money is to cut unnecessary expenditures and expenses. What expenses can you cut. Focus on keeping things you "need" and getting rid of the extra's, the "wants". 
  • For example, are you paying for TV services who has many packages. Drop your TV package down to their minimum basic service. What other ways can you cut this expense down?
• Take the position, "if I can't pay it off I can't buy it". I have a friend who broke his cell phone and rather than buying a new one and being stuck paying $30+/mo for a new top of the line phone he bought a used Samsung S10+ for $300. He got a great phone and his cell phone bill didn't increase by $30+/mo.
• I have another friend who's still using his cell phone he purchased new 4 years ago (my phone is 5 years old). The idea of buying a new cell phone every 2 years makes no sense if you have a phone that still works! 
  • Keeping up with Jones's, as the saying goes, feeling like you need the newest and most current items to impress friends and family is costly. People don't judge you by what you own, they judge you by the kindness, or lack thereof, of your heart. Those who do judge you by what you own are superficial friends you'll be better off walking away from. It would also do you good to reevaluate how you define a "friend" and reevaluate your belief system on why you feel the need to "impress" people with your possessions.
• Going out to eat is costly, and it's gotten a lot more costly the past 2 years. Laura and I went out for breakfast the other day to our favorite restaurant and it cost us over $40. I about fell out of my chair. I had no idea prices had gone up this much (we hadn't gone out to eat here for about a year). Groceries have also gotten more costly, but are still far less money than going out to eat. Buy groceries instead of going out to eat... you can get far more for the cost of going out to eat.
• Review all of your monthly bills... how many can you reduce? How many can you do without?
• Audit your extra expenditures and how you've spent your money the past 6 months. How are you spending your money? You need to know this. I've always used Quicken to track my expenditures including my cash payments (when I use cash to pay for something). I want to know exactly how I spend my money so I can be more financially responsible. Just by tracking all of my expenditures and reviewing it monthly I can see where I'm "wasting" my money on things I really don't need! You need to know how you're spending your money too.
• Avoid creating credit card debt. Many people have screwed themselves from creating a lot of credit card debt. For one, the interest rate is flexible, not locked in. As the Feds have increased the interest rates the credit card interest rates have increased to. Your position should be that you pay off your credit cards at the end of each month. If you can't pay it off then don't use it.
  • If you need credit cards to cover your expenses, then you need to look at ways to bring in additional money. You'll be far better off bringing in additional money to cover your expenses than to increase your debt! 
  • As your credit card debt increases so does your monthly expenses which reduces your excess money.
  • Credit card debt also goes against your income to expense ratio. This will affect your ability to take out loans or get additional credit.

The objective here is cut your expenses as much as possible and to stop spending money on extra things not necessary. You'll be amazed at how much more money you'll have each month!

Next we'll look at #2, bringing in more money...

• Get a raise. Employers are aware of what inflation is doing to people and if inflation hasn't been destructive to the business also they may be willing to give you a raise. It doesn't hurt to ask!
  • A 50 cent/hr raise would give you an additional $80/mo before taxes. To get to the $433/mo additional cost because of inflation you'd need a $2.70/hr raise (this doesn't factor in taxes).
• Ask for more hours. More hours means more pay.
• Take on a second job. This may be difficult, however. More businesses are laying people off than hiring. Sales are way down with people tightening their belts and not spending like they have in years past due to the high inflation.
• Find a higher paying job. Again, this may be difficult because like just stated, more businesses are laying people off than hiring.
• Start your own home based business. Millions are turning to this option. The question is, "What business will you do? Where will you learn how to do this business?"

When looking at this list, all of them except one is pretty common sense and doesn't require any further explanation. One does require additional information...

Starting Your Own Home Business

Starting a home business doesn't have to be some time consuming, extremely expensive endeavor. If you think it does you're really out of touch to home businesses.

The whole point of a home business in the context of this article is to bring in additional money. It can be a very simple, straight forward business like babysitting or doing auto repairs in your spare time. Babysitting can make you $20/hr per child and auto repairs can make you $50/hr (price these things based upon the prices in your city). 

Using these prices, if you can consistently babysit two kids for 20 hours a week you'll pull in an addition $800/wk, $3200/mo. As an auto mechanic charging $50/hr, doing this part-time at 20 hours a week you'll make $1000/wk, $4000/mo.

There's more than 20 extra hours a week if you're working a 40 hour per week full-time job. If you work just weekends and put in 10 hours a day there's your 20 hours a week. 

As you can see, you can make a nice additional income serving people locally. Babysitting will always be needed and we'll always need auto mechanics. And since it's your business and you set the prices, if someone comes to you facing their own financial hardships you can work with them on price... you're the boss, you get to make these decisions! Seriously, how cool is this?

It all starts by asking yourself what you're good at. What skills do you have that you can offer to others for money?

The more skills you have the more opportunities you'll have. This is why you should always be learning. Turn off the TV and purchase courses which will teach you a new skill, or take some college classes, or get certified on something (there are many certification courses). You have so many options today to increase your skills and thus your value to employers or to create new opportunities with your own business.

It's only the lazy who fail! Laziness is a direct road to failure and hard times!

Your home business can really be as simple and straight forward as the two examples I just gave. Or you can take it to another level with something like an ecommerce business.

The point is, you can do something really simple which can make you a nice income. It can be a part-time home business to go along with working full-time to help meet your families financial needs and bring in extra money for savings, investments and to pay for extra things. 

Or you can build a home business to replace your full-time income to become your primary income source.

There are so many approaches to this.

There's also a lot of different home business ideas to choose from.

However, going beyond a basic cut n' dry home business like babysitting or auto repairs could prove challenging. Take the ecommerce business I mentioned above, it's a lot more complex with a lot more pieces to it requiring you to have a lot more skillsets to create a successful ecommerce business. It's not nearly as easy to make money from as it is with babysitting or doing auto repairs (assuming you're already an experienced auto mechanic ) where you can just start telling people about the service you offer and promoting your business.

There are many home business ideas like the ecommerce business which can make you a whole lot of money, even millions of dollars per year.

But to create these big money making businesses or to create passive income businesses they require a lot more skillsets and knowledge in how to build a business.

There are so many options, and so much to know!

There's one more topic I feel the need to present to you.

Properly Manage Your Money!

There's a common mistake people make when they start bringing in some good money... they increase their standard of living.

Your standard of living is based upon what it cost you monthly to cover all of your expenses.

The key to becoming rich and financially independent is to increase your monthly income without increasing your monthly expenses! Memorize and never forget this!

Unfortunately too many people feel this need to buy expensive cars, over buy a house so their income to expense ratio is maxed out, have the newest most expensive cell phones, and blow money on nice things left and right when they start making a good income.

I have a close friend and his wife who was in the market for a house. He was making a very nice 6-digit income. He ran across the coolest house ever with a swimming pool in the middle of it on almost an acre of property. His wife vetoed the house because it would've maxed out their income to expense ratio.

Instead they purchased a very nice modest house on 1/2 an acre of property and then a few years later bought the vacant lot next to them for another 1/2 an acre. The house they bought was over $200,000 less than the really cool house my friend wanted to buy. This made their monthly payment far less too.

About 2 years later my friend lost his job when the company sold out to a larger competing company. He told me numerous times how thankful he was that his wife vetoed the expensive house with the much higher monthly payments because they would've been screwed if they had.

Instead, because they bought the less expensive house they had extra money the past 2 years to put into savings and invest into their retirement.

Plus, with the lower house payment it didn't require them to need to bring in a huge amount of money each month to cover their monthly expenses. Not only did they make a good decision on a house they also were prudent and financially smart with their monthly expenses keeping them low also. They followed many of the things I've presented here.

When crap hit the fan for them they were in a financial position to weather it.

Crap happens to people all of the time, things completely out of our control. One policy by the government can make our lives better, or make our lives worse like what we're currently experiencing. The question is, are you prepared to lose your job, are you prepared to face a financial hardship?

Two Foundational Courses Key To Show You How To Build A Home Business The Right Way

Because of what it takes to build a successful home business and that the majority of people have never been taught how to build a business, we have two foundational courses everyone new to home businesses should purchase. 

The first course teaches you the foundational core steps to building a business. This course is so important because it shows you the proven steps to building a business. The first two steps are literally foundation with the first step setting the foundation to your business. It's the decision you make in step one which will set in motion everything else moving forward.

You can learn more about this course here: The Core Steps To Building A Business.

The second course we created digs deep into the first two foundational steps. That's because there's no room for doing these steps wrong. Both serve a very important purpose.

This course will save you a lot of time and a lot of money and a lot of frustrations!

In addition to this, this course offers a whole lot of key information about home businesses, marketing and other things which will help you create a much more profitable business.

This course also answers the following questions:

• What businesses do you recommend if I need to make money now? (This is our #1 question)
• What businesses do you recommend for someone brand new to a home business?
• Can you build a home business part-time when you're already working full-time, and if you can then how?
• What is the best business based upon my personal circumstances?
• What if I don't have the money to invest into a home business, what do I do?

This is just a few of the things covered in this course. Bluntly, I believe you'll be really impressed with everything we cover in this course.

Then we decided to create a bonus document showing you over 140 different home business ideas broke down by 5 categories. Everyone calls this bonus document the perfect bonus to the course. It will help you brainstorm ideas for your home business.

As you'll see, you really do have a lot of options. The question is, what type of business would be best for you?

You can learn more about this course here: The New Home Business Strategy Course.

These are foundational courses everyone new to a home business should pick up. Even those who have already started a home business and aren't getting the results they expected and hoped for are picking up these courses. This is because the course has helped them to understand why they're not getting the results they expected and to make key corrections in their business which has put them on the right path and helped them create the results they were expecting. (There's a difference between what you "expect" to achieve and what you "want" to achieve.)

Building a home business isn't that hard when you know how to do it the right way, and you have the proper expectations. We don't blow any smoke up your caboose, but instead lay it all on the line for you so you know what to expect and are prepared for what you'll experience when building a home business.

Remember, your life will be based upon the decisions you make and the actions you take. You can do the home business like so many others who weren't taught how to build it properly and end up with the same results they got (80-90% fail), or you can take a different road and change the results. We're providing you with that other road by teaching you how to build a home business the right way.