Five Tips for Financial Freedom

TIP 1

 

You owe it to yourself to be really clear about your current financial position. Don’t spend a week on it. Half an hour is all it takes. How much do you owe? Make sure you include everything! What are your assets? Write down their current value. If you had to sell everything you own and pay off all of your debts, would the balance be negative or positive? If so, by how much? If you’re serious about becoming wealthy and free, you MUST know the answer to these questions.

 

TIP 2

 

Do you owe money? If so take 10 minutes to write out a list of all of your debts. Many people bury their heads in the sand hoping this will make their debts go away. To be a winner you have to face up to your current position, so write those debts down. Put them in order of highest interest first and lowest interest last. The urgent task is to pay off those high interest loans because they are probably killing you. Make this a priority.

 

TIP 3

 

Many people chatter about wanting to be rich but do not have any financial goals. Have you written down your financial goals? If so do it now, today before the moment passes. It is amazingly powerful to write down how much you want to be worth and by when. Do not be either grandiose or timid in your goals. Aim for an achievable, large amount. Write it down don’t just think it!

 

TIP 4

 

Have you written out your personal goals? These are the things you want to do, have or be within the foreseeable future. Winners right goals. Losers never right goals. Go figure!

 

TIP 5

 

Start saving a regular amounts of money each month. The exact amount doesn’t matter. There is no amount which is too small to start with. You probably will not get rich by saving, particularly if interest rates are low. But that’s not the point. Saving sends a message to your subconscious mind you’re serious about your financial future. Losers spend all their money now on various goodies which they think they need. They then usually borrow money from other people to spend as well. They never save. When a nice little moneymaking idea comes their way they cannot take advantage of it. They are maxed out. Completely up to their ears in debt. Chance passes them by. Don’t be like this.

Leave a Reply

You must be logged in to post a comment.