Investing

Found yourself in a sudden financial fix? It happens to almost everyone. These are hard money times for a whole lot of people in a whole lot of places. Of course, this forlorn financial fact doesn’t make it any easier when a money disaster happens to you.

How to Handle Unexpected Financial Disasters

A financial disaster tends to occur at the worst possible time. Read what we’re about to tell you, and you will be better equipped to handle life’s unexpected money disasters.

Expecting the unexpected

One’s financial condition can change overnight. No, it’s not fun to think about, but it is imperative that one is prepared.

If you lost your job, had an unforeseen medical emergency, or lost a lengthy lawsuit, would you be able to cope? What would you do if your family car blew a head gasket and required pricey repairs?

If lightning hit your house, would you be able to pay for emergency roof repairs? Anticipating a surprise cash crisis can help you deal with it if and when it happens. And it probably will.

Of course, it’s not always a single event that sends a person’s finances swirling down the drain. Sometimes, a number of nagging worries build to the breaking point, facilitating a veritable tidal wave of fear, stress, and anxiety. You’d probably fare a whole lot better if you had a backup plan in place. Expect the unexpected, and know what to do when a surprising money mess befalls your budget.

Managing an out of the blue move

Not all money misfortunes are the result of something awful. A person working their way up the corporate ladder may be asked to relocate to a new city to accept a higher position. While this could be fabulous news to the person being promoted, it can also be a big unexpected expense. Being transferred to accept a better job can be costly. In fact, count on it being a budget breaker unless you have an emergency savings plan in place.

The cost of moving companies and temporary accommodations in a new location can be massive. In many cases, the employer requesting the relocation will pick up some or all of the moving expenses, but it’s still wise to have a buffer of backup money, explains US News.

Steps back to financial solvency

The first step toward financial recovery is identifying the source of the problem. Do you overspend on unnecessary items? Do you remit only the minimum monthly payments on high-interest credit cards? Money woes often follow a period of financial mismanagement.

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The following article is a guest post by Rick Wong, author of Winning Lifelong Customers With The Five Abilities. If you’d like to contribute a guest post to Money Q&A, be sure to check out our guest posting guidelines.

Competition is fiercer today than ever before, and no matter how much you focus on data, analytics, and performance, it may surprise you that what ultimately matters the most to people is the human touch. 

Companies don’t make decisions—people do… and people make the most crucial business decisions for personal reasons.

It may come as a surprise to some, but in today’s fast-moving, data-driven marketplace, where people have more choices than ever before, the personal factors are more important than ever.

With over thirty-five years of experience working and growing revenue at Hewlett-Packard, Microsoft, and other Fortune 100 companies, I created a clearly written guide for salespeople and CxOs that defines the most important ‘outside the contract’ factors that decision-makers care about the most when deciding to make the initial purchase and those critical repeat purchases.  You’ll never be left asking yourself,” What do I do now?” because you’ll have a framework to answer that question quickly and correctly.

5 Ways to Become Indispensable in Business

These are the critical factors that keep people coming back for more. Here’s a summary of The Five Abilities:

1. Optimize Your Visability*

Be consciously and consistently seen in the right way, at the right time, by the right people. Perfect your messaging so you know you can get people curious in less than 30 seconds, delivering heightened value-add that surprises them and exceeds their expectations.

Design every communication so that every time people see, listen to or watch something by or about you, they will quickly pay more attention, and naturally step in, bring you closer, and focus on learning more about what you can do for them.

2. Demonstrate Your Credability*

Show your creds! Demonstrate superior knowledge and utilize your experience in ways that prove you know how to help people. Then deliver what you’ve promised. In fact, deliver more than what you promised.

Impress every prospect, customer, decision-maker, and influencer and make it a total commitment to offer and give helpful advice and assistance that goes beyond your stated product or service. Be consistent and you will get referrals and achieve loyalty that opens the doors to new opportunities.

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Lots of people have heard stories of people making serious money investing in the stock market. Yet they believe stories like that only happen to people who are already rich or financially smart. They think the stock market is too complex for them to understand, so they don’t tend to view it as an option for building wealth.

In reality, anyone at all can invest in the stock market. You don’t need to be rich to start. It’s possible to begin with small amounts of capital. You also don’t need to be a stock market expert to get started.

All you need is the desire to invest for your financial future and the willingness to learn some basic investing principles.

An Average Joe’s Guide to Investing in the Stock Market

Here is a quick guide to successfully investing in the stock market for the average investor.

Educate Yourself

Once you start learning the basics of how the stock market works, you’ll soon find it’s not as daunting as it first appeared. The more you learn about buying and selling stocks through your share trading platform, the more comfortable you’ll become with the process.

However, it all begins with education. There are plenty of tutorials and educational tools available. There are also lots of sites that allow you to learn about new price information or apps that let you monitor market movements in real-time.

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