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57
With the recession,
the fall of big fnancial
giants on Wall Street,
and criminal activity in
fnancial circles that has
cost people millions, the
fnancial world has been
turned on its ear. People
who once put their trust in
stocks, bonds and banks
are now trying to rethink
their position.
Now take a look at the little guy
.
He may
have stocks but mostly he has the mortgage
on his house, his car note and maybe a
401k at work
.
When it comes to investing,
he is a novice or afraid to explore new
areas
.
He may wonder where he stands in
the big picture if the rich are being brought
low by fnancial woes
.
Financial woes can happen to any of us
.
Tey seem to happen all at once but in
reality it probably comes on slowly
.
As
human beings it is our nature to apply the
stages of grief to fnancial problems
.
We
frst deny, then get angry, play the blame
game and then bargain for more time
.
It is
hard to get to the acceptance stage because
somewhere in there the stress of it all
afects our health
.
Stress is a silent killer
.
It comes on stealthily
and then packs a wallop that lays us low
.
A fnancial issue can lead to all sorts of
stress
-
related symptoms that undermine
our health
.
Physiological and psychological
changes take place that can weaken the
immune system and potentially leave us
mortally wounded
.
In this report you will
learn about:
• Te types of fnancial worries that people
ofen experience
• Te health issues that fnancial problems
can cause
• How to regain your health and fnances
from the brink
No one likes to talk about money, but if
we are to survive physically and fnancially
someone needs to start spilling the beans
.
A healthy respect for money and fscal
knowledge can go a long way to fghting
back against unhealthy views of money that
stress us out
.
Dividing up assets includes the marital
home most ofen
.
Going from one home to
two new places to live can place a fnancial
hardship on one or both spouses
.
Death
Death is always a struggle to come to terms
with
.
Losing a family member can place a
fnancial burden on the surviving members
.
In the case of no will or no insurance, it is
up to the family to pay burial expenses for
the deceased as well as pay any outstanding
debt
.
When the death is a spouse, this can turn
your life upside down emotionally and
fnancially
.
First the one you love is gone
.
Second, if they were the primary wage
earner, there is a loss of primary income
for the family
.
Any insurance money has to
be sorted out but that is no guarantee that
you will be able to aford to live for long
without another form of income to sustain
you
.
Serious Illness
We all hope that we will stay healthy for as
long as we live
.
Unfortunately, that is not
always the case
.
At any age an illness can
strike, debilitating us and decimating any
TYPES OF
FINANCIAL
WORRIES
Divorce
We pledge to love and honor forever, but
sometimes forever doesn’t last quite as
long as we thought
.
A divorce can plunge
a family into fnancial crisis
.
Besides
custody of any children, there is a question
of dividing the marital assets
.
If only one
spouse worked, then the other is now lef
with no income and will need to fnd a way
to support themselves
.
fnances we have
.
Even with insurance, a
lengthy hospital stay or home care can add
up
-
especially if you were not expecting it
.
Without health coverage this can be an
even more devastating scenario
.
Many
thousands of Americans are living without
any type of health coverage for themselves
or their families
.
It could be that their
employer doesn’t ofer it or that they can’t
aford the premiums
.
Either way, without
it, medical costs add up quite quickly
.
Loss of a Job
With the recession, it is not uncommon to
see companies going under and employees
getting laid of
.
With no steady income,
bills begin to pile up
.
Some employees
didn’t have a retirement plan or the
company can’t meet their match
.
Te
future can look bleak
.
Te prospect of a new job may not be on
the horizon
.
Depending on your position
in the company and your age, another job
paying the same or comparable may not be
available
.
Even a lower paying job may be
hard to come by
.
Families are lef with the
fear that they will lose their homes or the
ability to care for their loved ones
.