Use the ABCs of Equity to Be Victorious in 2015


Planning a financial strategy for your life is something many people put off until they’re forced to do it. However, waiting until the last minute is hardly the best decision to make in regards to finances. Mortgage expert Dale Vermillion explains that your home is an excellent tool to help you not only plan your financial future, but to help to get you on the right track right now.

Vermillion says that there are three critical steps in the process: The ABCs to Financial Freedom. So what are those ABCs? Analyze, Budget and Cut the debt.

Analyze The Situation

Sit back and take a good, hard look at your financial situation. What are your short term goals? What are your long term goals? What does your debt look like? What things would you like to change? Identifying your strengths, your weaknesses, and your goals is a critical first step. This should be done in-depth, not just at a surface level. Be honest with yourself and be realistic when creating goals.

List all debts owed, and decide which ones are most important for you to pay down first. Dig deep and decide which debts are most critical and which can wait. Figure out what your goals are not just for in the distant future or your retirement, but also for right now. Identify ongoing problems and try to brainstorm solutions for them.