If you're thinking that it's about time you experience financial freedom in your life, you are right. We can start right here, right now by taking a simple test.
How frequently do you pay for rent?
How frequently do you pay for credit fees?
How frequently do you pay for your utilities?
How frequently do you pay for your grocery bills?
How frequently do you pay yourself?
Hold on-did the last question seem out of place to you? That's because people making money usually pay everything else before they even think of doling out a few bucks for themselves. When you ask them why they will probably tell you that by the time they pay everything else, hardly anything is left for themselves.
This sounds reasonable, but let me tell you a better way to attain financial success-take a portion of the money you made and keep it for yourself. This has been done by the very wealthy for hundreds of years.
This is actually the first law of financial success practiced by the Babylonians; and this is the first rule you too must follow in your wealth building endeavors. Set aside at least ten percent of your income in your Financial Independence Account before you even begin paying off your debts.
A portion of this financial independence account should be used to make payments on your insurance premium. Insurance premiums are good investments that don't require a lot from you. Save the rest of your money. If you don't spend your savings and the interest it yields, you will have a considerable sum you can invest with soon.
Now, if you have a few debts you still have to pay, don't worry-your financial freedom is still attainable. Climb your way out of these obligations by making another account-the Debt Clearance Account.
To put it simply, your debt clearance account is 20% of your income; this is used solely to pay back all your debts gradually. Write a letter to the creditor and let him know your financial plans. Guarantee him that as you keep making money, you are allotting a certain figure a week or a month for him until the whole amount is completely paid off.
What you have just created is a clear financial picture consisting of an effective financial independence and debt clearance plan. You will inevitably live a wealth building life from here on end. - 22871
How frequently do you pay for rent?
How frequently do you pay for credit fees?
How frequently do you pay for your utilities?
How frequently do you pay for your grocery bills?
How frequently do you pay yourself?
Hold on-did the last question seem out of place to you? That's because people making money usually pay everything else before they even think of doling out a few bucks for themselves. When you ask them why they will probably tell you that by the time they pay everything else, hardly anything is left for themselves.
This sounds reasonable, but let me tell you a better way to attain financial success-take a portion of the money you made and keep it for yourself. This has been done by the very wealthy for hundreds of years.
This is actually the first law of financial success practiced by the Babylonians; and this is the first rule you too must follow in your wealth building endeavors. Set aside at least ten percent of your income in your Financial Independence Account before you even begin paying off your debts.
A portion of this financial independence account should be used to make payments on your insurance premium. Insurance premiums are good investments that don't require a lot from you. Save the rest of your money. If you don't spend your savings and the interest it yields, you will have a considerable sum you can invest with soon.
Now, if you have a few debts you still have to pay, don't worry-your financial freedom is still attainable. Climb your way out of these obligations by making another account-the Debt Clearance Account.
To put it simply, your debt clearance account is 20% of your income; this is used solely to pay back all your debts gradually. Write a letter to the creditor and let him know your financial plans. Guarantee him that as you keep making money, you are allotting a certain figure a week or a month for him until the whole amount is completely paid off.
What you have just created is a clear financial picture consisting of an effective financial independence and debt clearance plan. You will inevitably live a wealth building life from here on end. - 22871
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