Matthew Laker

“The number of vulnerable households – those putting more than 40 percent of their income to cover debt payments – “is likely to rise,” the bank said, and fall behind on loan payments even with deferrals to some 700,000 households so far. “(https://www.cp24.com/news/bank-of-canada-warns-in-report-of-business-household-debt-from-covid-19-1.4940479)

I want to talk with those who are struggling financially. As I post, this COIVD-19 has spread around the world. 

The crisis can cause us to put our head further down into the sand or stand tall and move through.  

I believe a crisis is a great moment to evaluate your financial house or life spoke?

Crisis reveals the holes in our financial house. 

What do you need to do?

• Understand the moment.

When I sit down to coach people, the first place we start is with reality. We look in the mirror, and that is no easy journey. We take a moment to evaluate and understand where we are at, to move forward. You need to know where you are at. 

• Get a plan

The reality is we all have a plan. For some of us, our strategy is spending when I want and hope everything works out.  

Others, you have a plan in your head, a good idea of what comes in and what goes out. You even watch what you spend.  

 For those who have a plan, when was the last time you looked at it?

For those with no plan, where are you going with your financial house

• Stick with it and ride the journey.

The other day I was listening to a business podcast, and they were talking about how so many people fail. However, the ones that succeed are the ones that pick themselves up after falling and keep going. 

What about you?

Why do you need to do this?

You have a choice to start making baby steps in the right direction.

Perhaps you need a good tune-up financially? Then pull into the garage. 

Master your money instead of it mastering you. 

If you want some help with this, let me know? (Free 30 min call)