I was watching the national news today and the housing sells reports were just released and they were up 6% for the month of September. Just a week ago all the news media reports were crying about the housing marketing being down. Well this report shows us that the news media is about 30 to 45 days behind the true facts about our economy. And they are mostly in the business of getting us all upset and emotional so we will continue to tune into their shows.

Even though the September housing numbers showed a 6% increase the levels were down 14% from the 2005 numbers of 20%. I have a few problems with using the 2005 numbers as a measure for the current September 2010 numbers.

Problem #1 - the 2005 numbers were partially based on fraud. You don't have to take my word, all you have to do is look at the numbers of foreclosures and the present and past news reports about the fraudulent loans that mortgage brokers were making to unqualified buyers.

Problem #2 - they picked 2005 because that was the peak of the housing boom. With that fact being known there will never be another time that the housing marketing will have a 20% increase unless they go back to allowing fraudulent loans.

So understanding these facts are we being realistic about how much our economy should be growing? A 6% increase in sales in the real estate market can equal billions of dollars in profits and millions of dollars in tax revenue for local, state and federal government to share. There are other industry's that benefit from the housing market such as furniture stores, home improvement stores (do it yourself), fence suppliers, painters, security companies, etc.

We need a healthy housing market but we need to be realistic and admit that the 2005 highs were partially based on fraudulent loans so we can't realistically expect to reach those numbers again.

Here are the 7 Steps to getting your financial house in order…

1. Stabilizing your household situation – you’ll never be able to pay any debt if you can’t ensure that you and your family has a roof over your head, food on the table, utilities paid and transportation to and from work.

2. Set-up a budget – you’ll never understand how to management your money unless you know to the dollar what’s coming in and what’s going out.

3. Put together a debt elimination plan – when you have a budget you can put together a strategy to pay off your debt faster because you see what’s in front of you.

4. Establish an emergency fund – this is very important because most people use a credit card for an emergency fund and that’s a problem. If you have cash on hand more than likely you’ll rarely have emergencies and if you do have one you won’t have to go into debt to take care of it. I recommend at least $500 to $1,000 accessible cash with no penalties if used. While getting out of debt.

5. Review for acceleration of your debt elimination plan – once you have the other steps on paper there are several options that will open up for settlement offers on credit cards, automobiles, payday loans, etc.

6. Action + Action + Belief + Concentration = Tremendous Results – nothing will happen without you taking definite action with belief you can accomplish your goals and a high level of concentration to keep you focused on your goals.

7. Start saving for life experiences…Fun, Retirement, Generational Wealth

Before you sign up for any debt relief program such as bankruptcy, debt consolidation or credit counseling please read this FREE Consumer Guide To Getting Out Of Debt

http://therealdebtsolution.com/debtsolutionblog/getting-out-of-debt-consumers-guide-newly-released/