10 Money Smart Ways To Get Re-Elected

November 6, 2006

What office are you running for? Did you know your seat as treasurer of your personal finances is always up for grabs? Sadly, thousands of people a year don’t realize this. They blindly hand financial control of their life off to credit card or debt consolidation companies.

Will your financial constituents re-elect you this year? Follow these ten tips and getting re-elected will be as certain as money in the bank.

1) Know your Constituents Needs
Who are your constituents? Your family and friends; maybe your community. What do they need? The only way to find out is to ask. Sit down and find out their dreams and goals. If you prioritize the list and focus on meeting their most important needs, you will have a satisfied base of support!

2) Have a Good Record
The election debate always turns to a person’s track record. Your list of goals and dreams becomes your election platform. They should guide you in the financial decisions you make in the year to come. As an elected official you have the responsibility of answering to your constituents for the choices you make. Popular or unpopular, if at the end of the year your decisions stayed true to the goals and dreams list, re-election is just around the corner.

3) Keep your Constituents Safe
Will your supporters feel safe voting for you again next year? Do you have an emergency fund built up for a rainy day? What about the appropriate insurance to cover against the unforeseen? Have you put the appropriate security measures in place to protect their personal information?

4) Cut Spending
Have you cut pork barrel spending on special interest projects such as a Prada purse for her or a 60 inch big screen for him? Have you reduced the nickel and dime expenses that add up over a year?

5) Reduce the Deficit
Do you have a plan to pay off the debt? Do you have a plan to keep the debt away? Did you use credit for big purchases or did you save up and buy with cash? Have you kept a clean credit history so if you need to borrow in the future you can do so at low rates?

6) Reduce Taxes
Have you reduced the tax burden on your constituent’s wallets? Have you done tax planning to increase the amount of money they keep from their paycheck?

7) Build Wealth
Are you building the treasury through an automatic investment plan? Are you keeping good counsel for growing and protecting the assets of the community? Have you diversified the economy so that you’re not dependent solely on one income source?

8) Give Back
Are you giving time and money back to the community? Are you working to build lasting relationships and helping those that need it the most?

9) Add Revenue Streams
Creative officials find ways to use the strengths of their community to bring in extra money. What untapped talent do you have that could earn extra cash for you and your family?

10) Be Efficient with their Money
Have you made the treasury more efficient with direct deposit, online bill pay, and electronic accounting systems? Nothing upsets voters more than wasting their time and hard earned money.

Ben

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Ben

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn’t like the other kids… His addiction to personal finance has paid off for his family and now he’s helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.


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