If you’ve recently gone through a divorce, you may so close to your breaking point. You have been reeling from the divorce – which is really the death of a dream – and are just trying to figure out your next step.
However, just desiring to move forward will not move you forward. What you need is a plan.
What you need are some real strategies.
Plans and strategies provide you with step-by-step instructions on how to move forward. These are the things I’ve been helping my clients with for years. They are the tips and tools that helped me become healthy again after my divorce.
These same steps will help you come out of this devastation and come into a new place.
Here are some of them:
- Assess the damage.
Divorce does damage to every area of our lives. We need to sit down and ask ourselves where we are in each of these five areas. The first is spiritual: what is your faith life at this moment? The second is in your finances. The third area is asking yourself where you sit emotionally: what are you doing for yourself? Do you have a growth plan and, if so, what does it look like? Are you doing anything for fun? The fourth area is relational: define who your family is and ask yourself what those relationships look like right now. Finally, assess the physical damage: where do you sit with your health?
- Create a personal financial statement.
Your personal financial statement is just an assets and liabilities page. To create one for yourself, on the left side of a sheet of paper, write Assets. Underneath that, write down everything you own. On the right side, write Liabilities. Underneath that, write down everything you don’t own or the debts that count against you right now.
Now, subtract the two amounts and see what you get. Don’t freak out if it’s a negative number or just not where you want to be, because we are going to rebuild together.
- Figure out the income-producing revenue streams you will implement.
There are three main areas you can invest in that will produce income for you. The first is to invest in your business. That business will produce income for you. The second is to invest in other people’s businesses, such as through the stock market. You will get a dividend or return of profit from those people’s businesses. The third area where you can invest is in real estate. Investing in a place where people live will allow you to make an income stream from that asset.
- Create a personal growth plan.
To do this, simply write out the vision of who you want to be. Write down everything that you want for your life. What do you want to do, have, and become? Suspend knowing how to get everything done today. Your subconscious mind (and perhaps a coach or friend) will create revenue streams that will make your money make money for you.
If you want to learn more about how to recover from divorce and find financial freedom, check out https://marissanehlsen.com/llr015 and the complete article at https://marissanehlsen.com/business-owner-divorce/
