NEWS: Give me 10 minutes of your time and I'll share
with you my secret to generating over $3,000,000 in only
27 months
online. Click here to learn more!

Sunday, May 20, 2007

Get Seven Steps Closer to Finding Financial Freedom

Many people make reaching a level of financial freedom harder
than it actually should be. In order to find financial freedom
all you have to do is follow a few simple steps and be committed
to the cause. Financial freedom can be achieved by people who are
not millionaires. It can be had by everyday common people who
know how to work within a system and get what they want. By
initiating these seven simple steps, you to will be on a path to
financial freedom.

1. First and foremost, you need to find out where all of your
money is going every month. You need to remember to pay yourself
first, and take care of everything else next. In other words,
make sure that you are not taking every paycheck you get and
paying off debt. You do not have to pay everything off at once.
By keeping some money for yourself you will be able to live a
nice life.

2. Stop creating debt. This is painful but a must in you gaining
the upper hand in managing your money. If you have a spouse that
spends, spends & spends … you must have a heart to heart
discussion about living within your means. Wrong, just because
you qualify for another *Free Interest* credit card does not is
not giving you anything but … DEBT! All you need is ONE credit
card to manage your expenses.

3. Use your ONE credit card for everything, but do not spend
beyond your budget, why because you see exactly what you spend
your money on and how often. If you are like I was, cash for
this, credit for that, check for groceries … No way I could keep
up with these expense sheets.

4. Invest automatically. This is one of the most time-tested to
be true but often overlooked steps people ignore. People don’t
like to not see their money for some reason, they feel like
cheated by not getting to see any of their money; but this is the
exact point. If you don’t see the money you will not be as likely
to spend the money. Make it a point to invest directly from your
paycheck and you will ensure that your money is getting to the
proper investment without any being taken up front.

5. If you have a personal portfolio, make sure you diversify your
portfolio. In other words do not put all of your money in the
same type of investment basket. You will want to make sure you
have money going to a lot of different places. The real estate,
savings accounts, stock market (small amount) or start an
internet business is all realistic options.

6. Quit procrastinating and get started today. This is the number
two problem that plagues a large percentage of the population.
Remember number one? See Number 1. They always say that they
are going to get started, but never seem to have the time to get
around to it. Remember, as time goes by so does your opportunity
to save money. Each paycheck that you spend without investing is
one that could have gone towards one of your investment option
choices.

7. Develop multiple steams of income. What is this? Quite simply
instead of getting one paycheck, figure out ways to get 2, 3 or 4
paychecks. How & where you get into multiple streams of income
is endless … I’ll simply say, write down what your favorite activity
is, or subject, maybe a hobby. Do a little research on the internet
by seeking out forums, chat rooms or similar products that cover
your subject and let the ideas flow. One other method is to get
into marketing on the internet, affiliate businesses can yield
great rewards if that is something your interested in.
Example-Click Here http://www.pluginprofitsite.com/main-16688

These are simple steps, I am not a financial expert but I think
hearing the basics again are valuable insights to get started.
Build a solid foundation, get started right away and do not be
afraid to make mistakes, they happen to everybody including the
professionals. The future is yours to grasp so take it!

Labels: , , , , , , ,

0 Comments:

Post a Comment

<< Home