What Do You Have in Your House?

Financial Expert Reveals That You May Already Have All You Need to Face Bad Economy

ST. THOMAS, BARBADOS--(Marketwire - March 5, 2010) -  With the economy being so unpredictable, many households are struggling with the task of making ends meet. With the foreclosure rate in 2009 rising by 21 percent with nearly 4 million homes lost, the worries are persistent.

However, one expert believes that the key to weathering the storm may already be in your possession. Donna Every, author of "What Do You Have in Your House?" (www.donnaevery.com), has learned that the solution may be pulling from hard assets already in your home and the overlooked assets inside yourself.

"When times get tough, some people sit back and accept their 'fate.' However, I don't accept that -- and neither should anyone else," said Every, an MBA who is also a former Ernst & Young chartered accountant.

Every's tips for getting through the tough times include:

  • Liquidate dormant assets - With the massive wealth accumulated in America, most people have possessions or property of value sitting in their attics or garages. With the advent of craigslist and eBay as online sales resources, many of these dormant assets can be turned into cash.

  • Mine overlooked assets - Everyone has something they do well, and if they do it well enough, it's not much more difficult to market it. Some people can sew and cook, while others are artists or musicians. In most households, just making a little extra money every month can make all the difference, so part-time jobs doing something you do well can help fill the gap.

  • Keep the faith - Belief in yourself, your motivation and your abilities is a far better path to tread than to give in to despair when the tables turn against you. Meeting challenges head on can not only save the day -- they can also change your life.

"Choices made out of fear and anxieties are never the right ones," she added. "We need to make sure that we are making the best possible choices."

About Donna Every

Donna Every has a degree in Mathematics from the University of the West Indies and is a Chartered Accountant and an MBA. She worked with Ernst & Young Barbados as an auditor and then as a consultant for ten years before starting her own business in 1998.

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Rachel Friedman