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5 Steps to Financial Security

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With the economy in a downward spiral, it's hard to not feel overwhelmed when it comes to rising gas and grocery prices, banks closing, and foreclosures. Our spiritual expert gives us tips on handling the stress with ease.

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Momlogic contributor Rabbi Sherre Hirsch, author of We Plan, God Laughs: Ten Steps to Finding Your Divine Path When Life is Not Turning Out Like You Wanted, suggests taking the following five steps to reach peace with your finances:

1. Prioritize your spending. Jewish tradition teaches that, "You should command your money rather than serve it." My husband and I sat down over coffee and prioritized what is most important to us as a family. Just doing this exercise highlighted for us how we could more effectively use our money.

2. Don't be in denial about your finances. Seek advice. Pretending it is not happening just worsens the problem. There are online sites and people with far more wisdom in this area. Learn from them.

3. Spend time, not money, together. A walk on the beach is far more meaningful than any trendy handbag.

4. Don't base your self-worth on your financial worth. Remember: Money does not equal success.

5. Give money away no matter what. By helping others, we can gain perspective in ways we never imagined.


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4 comments so far | Post a comment now
Lio August 4, 2008, 1:44 PM

Thanks for the great advice!

Ken Nickell August 6, 2008, 10:37 AM

It’s time we ensure health and long-term financial security for all. That’s why AARP is leading Divided We Fail, an initiative to give voice to millions of Americans who are tired of letting Washington gridlock stand in the way of affordable, quality health care and long-term financial security. Go to www.dividedwefail.org to learn more.

David August 25, 2010, 6:58 PM

Great post, thanks for the tips.


Fixed Annuity Guy May 23, 2011, 6:49 AM

Very helpful information..thank you


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