Are You Moving Forward or Backwards?

Newton’s first law of motion states that an object at rest will stay at rest or an object in motion will stay in motion, until acted upon by an external force.

This week we saw the Federal Reserve apply the law of inertia to interest rates by raising rates a quarter of a percentage point. This is only the second interest rate increase since December 2008 when rates where at the lowest point in history.  The increase did not come as a surprise. Higher interest rates come when there are signals of growth in the economy. As the US economy appears to be pushing forward the increase in rates is a cautionary measure against inflation.

So what does all this mean to you? The bottom line is that it will be more expensive to borrow. This means that right now is the time to ensure your personal financial house is in order. Securing the lowest interest rate on your debt over the next 5 to 25 years should be a priority along with balancing your spending and income. This requires a cash flow plan.

There is never a better time of year then right now to invest in yourself and your family. I found that many people are afraid to seek help with the most important financial decisions they have. This may be caused by a fear that they will need to make changes to their lifestyle. In most situations this is not the case. Many financial experts carry their own personal biases when dealing with clients. The secret is to know that there are several options available to you regarding financial decisions. The best option for you is one that fits your own personal beliefs and objectives … not the advisors.

My free guide (now available) on dealing with debt reviews 3 steps that you can take right now to help manage, reduce and eliminate debt using the income you already have. You can download your copy for free at