The A*D*I*O*S Bad Credit Plan

"A Goal Without a Plan is a Wish."- - Antoine De Saint-Exupery

Buckminster Fuller's definition of wealth is a person's ability to survive so many days on the money on hand. If you stopped working today, how long would you survive?

If this is a true statement, then I have met VERY FEW wealthy people in my tenure as a loan officer. Of the few I have met I am always reminded of a mid thirties couple in Aurora CO we will call the Smiths.

"A"nalyze Your Current Situation.

Take stock of the assets, credit score and debts that you currently have.

It's important to get an idea of what you have and what you owe as well as the current state of your credit. In the following links, there are some guidelines on how to itemize your debts, assets and credit.

• Debt Analysis
• Credit Analysis
• Asset Analysis

"D"evelop A Plan.

Develop a plan that is based on your analysis.

In this step, you are going to take your analysis and develop goals and a plan on how to acchieve those goals. Your goals can be anything you want; It's the PLANNING that will get you there. Just like in travel it can be hard to get someplace without a map.(That means you GUYS as well ;) Your plan is your map to achieving your goals.

• How to Manage Your Debt
• Strategies to Improve Your Credit
• Ways to Build That Asset Column

"I"mplement Your Strategy

Put your plan into action.

"O"ptimize Your Strategy

Find more and more ways to fine tune your finances.

• Good Debt vs. Bad Debt
• Fine Tuning Your Credit
• Expanding Your Asset Column

"S"ecure Your Future

Prevent outside influences from jeopardizing your future.

• Insurance
• Identity Theft
• Protecting your hard-earned assets