Essentials Of Financial Freedom

For many working class people in the West, financial freedom is an elusive but attainable goal. Runaway spending habits coupled by erratic saving, have resulted in many Americans and Britons living from "paycheck-to-paycheck" According to a study conducted by careerbuilder, the number of people living "paycheck-to-paycheck" now equals 4 out of every 10 workers. The characteristics associated with this condition include:

Constantly worrying about money
Non-existent savings
Impulse buying/spending
Undefined spending patterns
Juggling bills/paying bills late
Feeling overwhelmed
No life or health insurance
Don't understand tax returns
No investments/unsure how and/or where to invest
Negative cash-flow
High interest personal loans
No funds earmarked for school/school appears "impossible"
Poor record-keeping
Unsure which tax bracket one belongs to
Lack of a Will

For many, bankrupcy or debt consolidation are the only ways out.Amazingly, there is a way out of debt without filing for bankrupcy or debt consolidation. Find out here

Sometimes it may become necessary to apply for a debt consolidation loan or even a personal loan but credit issues usually hinder alot of financially strapped individuals from getting a loan. Most lenders are only willing to work with a credit score of 580 or above, however, I was able to conduct independent research and came up with a few lenders willing to extend personal loans of up to $25000.00 to individuals with a less than 500 credit score. You can access those lenders here