Well 2010 is nearly past. 2011 is just ahead. What will we change to make the most of the new year? What will we keep the same?
The end of the year is the perfect time to reflect on the accomplishments and blessings of the last twelve months.
- The country seems to have stabilized from the financial crisis.
- Interest rates are near historic lows
- Employment seems to be slowly improving.
- The stock market has restored part of many people’s portfolio.
Sometimes it seems like we are on a hamster’s wheel trying to stay ahead of the next financial disaster I like to think of the new year as a fresh stretch of highway. How will we change the way we drive on 2011’s highway?
I’m not a big fan of New Year’s resolutions so I don’t make my own. Instead of making a weak vow to do something in 2011 I’ve come up with a list of things to avoid in the New Year.
- Say no to borrowing decisions that negatively impact your financial legacy
- Vote against reckless government borrowing and spending
- Don’t go it alone when making important financial decisions like borrowing money for a home, business or car. Find a trusted friend or qualified borrowing coach to help guide your decisions
- Don’t commit the five most serious borrowing mistakes in 2011. Be a borrowing gladiator.
- Don’t think of your primary residence as an investment and stop making financial decisions as if it was part of your investment portfolio
- Don’t prepay your mortgage unless you have a valid reason for doing it
- Remember the lessons learned by America’s military veterans and how those lessons can be applied to borrowing money today
How will you change your spending and borrowing habits in the new year?
I wish you and yours a happy New Year celebration. May we all have a better ‘11.
- Are you Green or Blue? Six Essential Colors for Better Borrowing (proborrower.wordpress.com)
- Housing Takes an Uppercut! Will it get off the Canvas this Time? (proborrower.wordpress.com)
- Borrowers with an Attitude; Debt for Thought (proborrower.wordpress.com)
- Friends Don’t Let Friends Borrow Alone: The Advantages of Hiring a Borrowing Coach (proborrower.wordpress.com)
- Veterans, Thanks for your Service! What you Taught us about Borrowing Money (proborrower.wordpress.com)