Everyone is seeing how they can get their money back on the road to financial recovery. A new study says household net decreased by $ 10 trillion, a decrease of almost 19% in 2008. You can increase your net worth, even in this economy by following these seven steps:

1. Be a long term investor. Investors tend to extrapolate recent trends. If the investments are down, they believe that stocks continue to fall and they stop buying. This is usually a bad strategy because you can always buy top instead of buying low.

2. Do not be a market timer. Studies have shown that market timing is the practice of buying and selling securities over a period of hours or days or weeks is not necessary. Rebalance your portfolio once a year. For the rest, I mean that if you target 50% growth for your goal, then once a year, with sales up more than 50% of the growth of your position. If it fell below 50%, then leave alone.

3. Do not over spend. At times like this you do not frivolous purchases. Although it is not necessary to do good business, your money works for you. Buying boats, cars, televisions, etc. does not grow your money. Put your money in the IRA, Roth, SEPS, 401k, 403B, can grow your money over time.

4. Maintain diversification. Do not run after the asset class hot this week as foreign technology. Spread your money over different asset classes (large cap, small cap, short-term bonds, international, etc.) and different styles of assets (growth, income, balance, etc.).

5. Enjoy tax-free and opportunities for tax savings. Even if your employer does not match 401K, it is always in your best interest to maximize your contributions to your 401K. You have two advantages for growth in a pension plan and tax savings, which puts more money in your pocket now.

6. Keep a cash reserve on hand for emergencies such as leaking roof, the car needs repair or you need money in May to assist you as you seek another job. Emergency funds should be easily accessible without penalty.

7. Working with a trusted advisor trustee, coach or mentor. By a trustee, ie someone who is determined to put your interests first. Look and ask for the ADV Part II, a financial advisor to see conflicts of interest and how they are paid. For a car, ask to see a contract or agreement which outlines how they are paid and any referral fees they receive in May.

By following these simple 7 steps to financial recovery, you can go back on track with your personal finances, increasing your net worth and feel better about your financial future.