Workplace Wisdom...
Discover Fulfillment in Life and Work
with Michelle Y. Drake

The economy, the economy, the economy...

Aside from the Presidential race, it's the hottest topic in the country right now, and with all of its uncertainty and instability, it's also become a source of fear for our society.

I came across this fantastic article from CNNMoney.com:

"10 Solutions to a Personal Credit Crisis"

It has some sound advice for those of us who've reached for our credit cards one time too many. This info is especially crucial advice for entrepreneurs who may have relied on their personal credit to start and grow their businesses during those first few shaky years.

Here are the tip highlights of the article, written by Jessica Dickler, CNNMoney.com staff writer:

"1. Look at the big picture."
"2. Pay important bills first."
"3. Call your creditors."
"4. Transfer balances."
"5. Quit the cards."
"6. Prioritize paying down debt."
"7. Bulk up your payments."
"8. Check your credit report for mistakes."
"9. Get help."
"10. Start saving."

Read the full article here.

Here's hoping you can ride out this economic crisis and emerge with your finances in tact and thriving.

Labels: economic crisis, entrepreneurs, finance, small business, strategy