In times of crisis, to test the foundations on which we have built. A strong foundation should withstand the storms that blow during unstable economic times. Unfortunately, the latest economic crisis has exposed huge flaws in money management and many people were surprised by its catastrophic effects. They had to watch helplessly as their jobs, their savings and belongings went up in smoke literally. If you were one of them, not regret for mistakes, but look forward and ask yourself how you can learn from them. It is also good to always keep a grateful attitude that focuses on what one has and not what one does not have. This is going to help them overcome their problems more than anything else. And now,

with a spirit of self-improvement and optimism, look forward and see that things can change so that in the future can have peace about your finances. It is a historical fact that the economy behaves in cycles. So today I want to give the necessary tools to be well prepared for the next crisis, because it will come sooner or later. 7 steps toward peace in your finances: Step 1: Pay off your debts In the same way that compound interest rates work in your favor when you invest your money, work against them when they should. A debt has a double cost: the payment of dues and the money left to win because they can not reverse it. Step 2: Establish an emergency savings account You should have a pool of at least 3 salaries to face any emergency in your life. Step 3: Be generous and make a 10% grant It is a universal principle and biblical harvest always comes after seeding. If sows sparingly will reap sparingly. This is the most important step you can take toward financial security. Step 4: Invest 10% of their income Before spending your paycheck, pay yourself. This money is money that will work for you by using mutual funds, stocks, real estate and business. Step 5: Save for the education of their children The fact is that Chilean families contribute three times more than those of developed countries to finance higher education for their children. Do not let this stage caught him unawares. Step 6: Pay off your home as soon as possible There is a huge difference in the amount of money you spend on your home if you pay for 30 years or 15 years. It is better to pay it as soon as possible and invest what they save. Step 7: Learn how to create multiple income sources The idea is to have the eggs in different baskets that are producing income month after month. If you could not establish multiple sources of income, is because she lacked the necessary information to do so. It is therefore important to invest in your financial education before trying to invest in anything else. If you need help changing your financial situation, you'll love our 10 facts about how having a business that a mother taught her son and following which he became a millionaire at age 21! The available for free download in also may participate in our free video conferencing. Lagerfeld Bettina, whose passion is to teach people of all ages how to acquire a vision for their life, as set goals and then pursue specific education to enable them to achieve them.