Look For Ways To Constantly Increase Your Assets

Again, assets are those items that you own and can make money for you. Here are some simple ways to increase your assets to help you have more money:

Invest Monthly In Mutual Funds- Just a small amount each month (you decide how much) will help you to make your money work for you instead of working harder to make more money.

Invest in your company's 401 or stock participation plan- Most jobs offer either or sometimes both. Plus they offer financial records showing how much you have earned. Some even offer ways to invest by automatically taking whatever amount you request out of your check. Personally when I used this strategy I didn't even miss small amount that was taken out.

Buy US Savings Bonds- Savings Bonds can be purchased through your local bank. Saving Bonds can be bought starting with just $50 dollars. With guaranteed profits assured, this is a good place to start.

Establish An Emergency Fund- An emergency fund can handle life's unexpected financial challenges. Put small amounts of money away until you have enough cash on hand to handle at least 2 to 3 months of living expenses. A helpful tip is to start a savings account to gain more money with interest.

Continue To Educate Yourself- College students go to school to learn more so they can earn more. So can you! Make it a habit to attend seminars on topics such as investing and personal finance. Most cities, towns and communities offer free seminars on these and other topics. Check your local newspaper for information to when and where these classes take place.

Remember, it takes patience. Gaining financial freedom won't happen overnight. In fact, most of richest people in world didn't just become rich overnight. But having a determined mind, total commitment, mind discipline and a positive attitude will help enormously to getting your financial situation in order. Take a good look of where you are at financially by determining how much you owe and finding ways to reduce those liabilities. Focus on increasing your assets, if only a little at a time, so you'll always have extra money aside you can rely on in case of emergencies. Stop daily procrastination and start getting your money matters in order now. The key to your financial success begins with YOU!

THE SOLUTION: You can either bank at a separate institution or avoid delinquencies.

4. Fees Are Negotiable

THE PROBLEM: You're paying up to $50 a year or more as an annual fee on your credit card. You also are subject to finance charges of over 18%.

THE SOLUTION: If you're a customer who normally pays on time, most banks are willing to reduce or drop annual fee. Plus reduce interest rate but only if you ask! Otherwise, you can switch to a lower- priced card.

5. Interest Rate Hikes Are Retroactive

THE PROBLEM: You signed up for a credit card with a low introductory rate, such as 1.9%, for six months to a year. After your time is up, your existing balance is subject to regular or sometimes even higher interest rate.

THE SOLUTION: You can either pay your balance in full before rate increase or close account.

6. Shortened Due Dates

THE PROBLEM: Your initial offer included a 25-day grace period in which to pay for new purchases without incurring finance charges. However bank have shortened grace period to 20 days.

THE SOLUTION: Ask to go back to 25 days. You can do so by writing your bank explaining why you would rather stay at preferred 25-day grace period. If you're refused, then switch to a different credit card issuer.

These techniques have worked for me time and time again, and I'm sure they will for you too. I've used them consistently to lower quantity of cards I carry to now two. If you follow these proven techniques this way, not only will you lower your chances of falling into debt, your monthly bill payments will be a lot easier and simple.