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Anonymous

How can families struggling with financial insecurity, obtain financial freedom?

6 Answers

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  • 4 months ago

    Highly referred financial advisor https://thekelleyfinancialgroup.com/

  • Anonymous
    6 months ago

    They need more skills . If not it's always a struggle 

  • 6 months ago

    1. Rethink spending. Identify essential needs, and the most effective & least costly way to meet those needs.

    2. SAVE at least 10% of income out of every paycheck or other incoming funds.

    3. BUDGET! Plan your spending, including setting aside your emergency fund.

    4. Once you have an adequate emergency fund, learn about investing & transfer savings into investments for better returns & future streams of income.

    5. Multiple streams of income! Those who rely solely on one stream, or one job, risk their livelihoods. Technological obsolescence is surging, with entire occupations being eliminated. Creativity, resilience, adaptability are major assets you can use toward creating financial security.

  • R P
    Lv 7
    6 months ago

    Use the Dave Ramsey method of getting out of debt.

    It works, but you have to be diligent and stay on a strict budget.

  • Scott
    Lv 7
    6 months ago

    There's only two ways. 1) reduce expenses or 2) increase income, or a combination of the two.

  • Anonymous
    6 months ago

    Develop a work ethic.

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