By Stacey Freeman
No one likes to admit it but most of us at one time or another (including me) has been in a financial bind. Whether it is the result of a job loss, illness, or a divorce, when backed into a corner, our instinct is to do whatever it takes to get our bills paid, preserve our credit for the future, and live well. We may temporarily cut back on certain luxuries, supplement our income by taking on a second job, and sell possessions we no longer use, need or want anymore to accomplish our goals.
At Worthy, we recently conducted a survey asking six thought-provoking questions that include how you prioritize your spending as well as find extra cash when you need it most. We also entered those who participated in the survey to a pool where they could win one of ten yearly subscriptions to YouNeedABudget and the grand prize of $1,000 in seed money. Here is what we asked:
- Yoga lessons, credit card dues and your daughter is asking you to buy her a new outfit… Your inner reaction is:
- Eliminating debt and knowing what is good credit allows you to have the most options. What do you consider “good debt” that ultimately helps you live better?
- If your exemptions and withholdings are correct, your tax refund should be:
- The single most important investment I can make for retirement is to…
- If you are in a financial bind, what’s the smartest move to make?
- At the end of the year you have an extra $5,000 (way to go with your budgeting!). What do you do with that money?
Not only are the results in, but the news is also good! Out of the 4,824 who participated, approximately two-thirds of you may be categorized as what we describe as a “wealth guru,” meaning that you are financially savvy and know not only how to create a healthy financial picture but also maintain financial health during difficult times.
Nearly one-third of those we surveyed fell into our middle category, those we call a “financial whiz.” These individuals answered most of the questions correctly and may need only a refresher about how best to manage their finances when the going gets tough.
How financially savvy are you? – results:
That leaves about one percent of responders who need more assistance assessing their needs and planning their futures. Fortunately, Worthy is here to help!
In addition to offering valuable information about how to evaluate your financial needs, set goals, and then accomplish them, Worthy also provides a practical solution for anyone looking for a quick, easy, and trusted way to increase their spending power and fuel their future.
By placing your unwanted diamonds up for auction using Worthy’s secure platform where both buyers and sellers are pre-screened and experts from the Gemological Institute of America evaluate all diamonds to ensure authenticity, in a matter of days you can be on your way to paying off debt, financing your retirement, continuing your education, seeding a new business, planning a much-needed vacation, or enjoying the proceeds from your ring however you so choose. According to the results of our survey, 88 percent of you are ready to sell, which means you are in good company – people who know what they want and how to get it.
We asked, and you answered. Now it is time for you to ask us: “How soon can I get started?” The answer is today. Our professionals at Worthy are ready to assist you in taking this next critical step toward gaining financial independence and living the life you envision. #MakeItRain.
About the author
Stacey Freeman is a writer and blogger from the New York City area, a divorced single mom, lifestyle editor at Worthy.com, and the founder and managing director of Write On Track, LLC, a full-service consultancy dedicated to providing high-quality content to individuals and businesses. A respected voice for divorce issues affecting both women and men, Stacey has been published in The Washington Post, Good Housekeeping, Cosmopolitan, Woman’s Day, Town & Country, The Huffington Post, xoJane, Scary Mommy, The Stir, MariaShriver.com, The Good Men Project, and various well-known platforms worldwide. Stacey is frequently called upon for her expertise and insights on the divorce experience and has repeatedly been quoted in The Huffington Post’s divorce vertical. Stacey holds her B.A. in English, summa cum laude and Phi Beta Kappa, from the University at Albany and her J.D. from Boston University School of Law. Email Stacey today at Stacey.Freeman@WriteOnTrackLLC.com or call 800-203-1946 for a free consultation and proposal. For more information, visit www.WriteOnTrackLLC.com.