Step 1 of 7 Steps to Financial Freedom:
Set Goals
People fail in life because they don't know exactly what they want to do, have or be with their life. They might say that they want to make a lot of money or would like to live in a big fancy house etc, but the truth is they don't really know what they want. These are just day dreams they're not definite goals. The first thing you need to do is grab a pen and paper and write down what you truly desire. Dream Big - What would you have or do if money or time were no object? List down every detail and include all your senses for example it's no good to say "I would like a new car" - What type of car? What colour? What does the leather smell like? How does the engine sound when you start it? How …show more content…
All wealthy people own shares and property. Do you? Do what the wealthy people do and educate yourself on different investment vehicles. Become self educated in investing and do it yourself!
Method Number 3: Multiple streams of income. Leverage your time and money through other people. Only 5%of the population use this strategy effectively yet they make over 95% of the total income!! This is the most profitable method once you learn how to leverage your efforts and the efforts of other people once you understand this method you are able to leverage time and money, generate passive income, and all with minimal effort.
Step 3 of 7 Steps to Financial Freedom:
Avoid Negativity
This step needs to be treated very seriously if you want to achieve your financial goals. Avoid people who think negatively, or talk and act in a negative way. You want to be happy and to make your life meaningful. You haven't got time to waste with negative people. They will drain your energy. They blame and look for excuses.
Be polite to negative people, you can be compassionate, but still be strong enough to walk away. If you don't, these people will steal your dream.
Step 4 of 7 Steps to Financial Freedom:
Clear your Bad …show more content…
There is a difference between good and bad debt. Good debt makes you money, bad debt costs you money. An example of good debt might be a buy-to-let mortgage on a rental property with a tenant paying off the mortgage. Bad debts are credit cards, car loans, personal loans etc. Formulate a plan to clear these debts as soon as possible. You will never have financial freedom if you continue to fork out on high interest rates every month. As you pay of your debts, don't just spend the now surplus money on gadgets, save. Save so you can take advantage of Method 2 in Step 2
Set Goals
People fail in life because they don't know exactly what they want to do, have or be with their life. They might say that they want to make a lot of money or would like to live in a big fancy house etc, but the truth is they don't really know what they want. These are just day dreams they're not definite goals. The first thing you need to do is grab a pen and paper and write down what you truly desire. Dream Big - What would you have or do if money or time were no object? List down every detail and include all your senses for example it's no good to say "I would like a new car" - What type of car? What colour? What does the leather smell like? How does the engine sound when you start it? How …show more content…
All wealthy people own shares and property. Do you? Do what the wealthy people do and educate yourself on different investment vehicles. Become self educated in investing and do it yourself!
Method Number 3: Multiple streams of income. Leverage your time and money through other people. Only 5%of the population use this strategy effectively yet they make over 95% of the total income!! This is the most profitable method once you learn how to leverage your efforts and the efforts of other people once you understand this method you are able to leverage time and money, generate passive income, and all with minimal effort.
Step 3 of 7 Steps to Financial Freedom:
Avoid Negativity
This step needs to be treated very seriously if you want to achieve your financial goals. Avoid people who think negatively, or talk and act in a negative way. You want to be happy and to make your life meaningful. You haven't got time to waste with negative people. They will drain your energy. They blame and look for excuses.
Be polite to negative people, you can be compassionate, but still be strong enough to walk away. If you don't, these people will steal your dream.
Step 4 of 7 Steps to Financial Freedom:
Clear your Bad …show more content…
There is a difference between good and bad debt. Good debt makes you money, bad debt costs you money. An example of good debt might be a buy-to-let mortgage on a rental property with a tenant paying off the mortgage. Bad debts are credit cards, car loans, personal loans etc. Formulate a plan to clear these debts as soon as possible. You will never have financial freedom if you continue to fork out on high interest rates every month. As you pay of your debts, don't just spend the now surplus money on gadgets, save. Save so you can take advantage of Method 2 in Step 2