'Working Poor'

Ever feel like you work to come home everyday and still be poor? That’s what many Americans feel day in and day out. This class of people is hanging in an invisible place in society. The ‘working poor’ are seen everyday taking your phone calls and servicing you across this nation.

I strongly believe that this class has the potential to be seen in an incredible way if they could somehow be pulled from their financial ‘rut’. This ‘rut’ is harder than many on the outside can see. These people work hard everyday and come home to various basic needs in their families that still need more from them. It’s said for them to get a better a job, work another job, or just save money. If this were as easy as it seems we wouldn’t be considered the ‘working poor class’.

Here are some strategies I found to work for many individuals and may assist you as well:

Evaluate your complete financial status
Evaluate your skills
Identify strengths and weaknesses
Set goals
Find support
Set action plans
Achieve what seemed to be unattainable

Evaluate your complete financial status

Doing an evaluation can seem somewhat complicated and that is because it truly is. There are usually so many components involved in making an appropriate estimation of your finances. Typically you will gather all your current and past due bills, all your assets, calculating all liquid assets, reviewing current incomes and current living expenses. Then as you calculate them all you get a debt to income ratio that allows you to see exactly where you are financially.

Evaluate your skills

This may or may not be simple depending on how in depth you want to go with it. This can simply be done through a skills assessment tool or just simply identifying skills by writing or listing them out. Then you can see what type of abilities you truly have and generally it’s more than what you initially expect.

Identify your strengths and weaknesses

This is based on your skill ability and also your lack of certain skill ability


Set goals

Setting goals helps you to define purpose in your life and can feel very rewarding. This is where you set personal, family, career, and financial goals.

Set action plans

Action planning allows you to strategize how you will go about accomplishing your goals. It usually entails simple and complex steps to carrying out the goals set.

Achieve what seemed to be unattainable

This last step is watching yourself grow and succeed in your goals. Celebration happens here!

Though I made this appear to be very simple I know it is not. I am a financial consultant and these are all steps I walk my clients through personal consultations as well as the classes and seminars where I speak. If you would like further information on obtaining this type of assistance please feel free to contact me at consultants@handnhandfinancial.com or visit me at www.handnhandfinancial.com .