Financial Independence: How to Get Yours
Believe it or not, there are ways to achieve financial freedom even when burdened by debt and constant marketing messages telling us we need more. With a positive attitude and willingness for creative thinking you can forge your way to financial independence.
1. -Pay yourself first. Saving 20% of your income, no matter how high or low it is can move you in the direction of financial independence.
The key: Have it saved before you even touch it. Coordinate with your employer or your bank to have the money saved before you even see it. You are your own worst enemy and temptations can sometimes prove too much.
2. -Negotiate before you buy. This means you have to step outside your protective shell and ask for discounts. Feeling embarrassed, shy, or ashamed? Forget about it! You’ll be amazed at what you can get in return.
The key: Be willing to walk away. If negotiating isn’t work well with one business, be willing to find another. This rule applies not only to expensive items but low-cost items as well. You may end up with a better deal than you had planned.
3. -Earn more. It’s difficult to achieve financial independence when you’re saddled with debt. And it can be even tougher to know how to pay off debt and save money at the same time. Earning more is the solution. Look for ways to increase your income rather than focus on ways to cut back. Cutting back is difficult to do and rarely demonstrates the return a person needs for it to work well.
The key: Think big. Set your goals of additional income, higher than even $1,000 or $5,000 more per month. Aiming for an extra $10,000 or $20,000 is important. The higher you aim, the better you’ll fare.
4. -Know your limits. Even as you become successful, roadblocks can appear. You may reach your peak abilities, unable to grow your projects further. It’s at this time you have to decide your next course of action: sell your business, close it entirely, or hire someone to run it for you.
The key: Keep in mind your end goal and have a vision. Whatever you decide, be humble enough to admit you no longer have what it takes to keep the project going at its current momentum. Many successful entrepreneurs (ever heard of Bill Gates?) have brought in leaders to take over and grow their companies further.
5. -Invest wisely. Easier said than done, but not impossible. Surround yourself with experts who can help you with the money and assets you do have. Further, decide whether you want to invest your assets in one big project, perhaps your own, or in something smaller such as mutual funds.
The key: Be realistic. If you have a small amount saved up, a mutual fund may be more appropriate. If you have considerable assets and a high risk tolerance, then investing in your own company or buying another, may be the right move.
This was taken from an interview between Lance Hood from SuccessInsiders.com and Matthias Schmelz.
A Billionaire once shared his secrets with Matt Bacak. Matt immediately put those skills to use and went from Bankruptcy to Multi-Millionaire in just a few short years. Listen to the whole interview here! ==> http://www.successinsiders.com/home.html
Take the opportunity to visit http://www.officialmillionairemaker.com/ and listen to Self-Made Multi-Millionaire, Matthias Schmelz, give you the very same Wealth-Building Strategies that he personally used to go from Zero to Multi-Millionaire.
SuccessInsiders.com is committed to helping people succeed, both personally and professionally, by providing them with interactive access to an ever growing team of Millionaires and Experts in wealth creation and personal development. By following the guidance and strategies, through interviews, expert Q&A, telecoaching and other resources offered by people who have already succeeded, a person’s chance for success is greatly increased.
CONTACT INFORMATION:
Heather Thomas
(641) 715-3900 ext. 7576941
support@successinsiders.com
Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY) Major Metro Areas: Albuquerque, Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Chico, Cincinnati, Cleveland, Columbus, Dallas, Fort Worth, Denver, Bolder, Detroit, Ft Lauderdale, Palm Beach, Hartford, Houston, Indianapolis, Jacksonville, Kansas City, Las Vegas, Little Rock, Long Island, Los Angeles, Memphis, Miami, Milwaukee, Minneapolis, St Paul, Monterey, Nashville, New Haven, New York, Oakland, East Bay, Oklahoma City, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Portland, Puerto Rico, Raleigh-Durham, Reno, Tahoe, Rochester, Sacramento, Salt Lake City, San Francisco, San Jose, Silicon Valley, Santa Fe, Seattle, Spokane, Springfield, St. Louis, Tampa, Toronto, Tucson, Washington Dc
Believe it or not, there are ways to achieve financial freedom even when burdened by debt and constant marketing messages telling us we need more. With a positive attitude and willingness for creative thinking you can forge your way to financial independence.
1. -Pay yourself first. Saving 20% of your income, no matter how high or low it is can move you in the direction of financial independence.
The key: Have it saved before you even touch it. Coordinate with your employer or your bank to have the money saved before you even see it. You are your own worst enemy and temptations can sometimes prove too much.
2. -Negotiate before you buy. This means you have to step outside your protective shell and ask for discounts. Feeling embarrassed, shy, or ashamed? Forget about it! You’ll be amazed at what you can get in return.
The key: Be willing to walk away. If negotiating isn’t work well with one business, be willing to find another. This rule applies not only to expensive items but low-cost items as well. You may end up with a better deal than you had planned.
3. -Earn more. It’s difficult to achieve financial independence when you’re saddled with debt. And it can be even tougher to know how to pay off debt and save money at the same time. Earning more is the solution. Look for ways to increase your income rather than focus on ways to cut back. Cutting back is difficult to do and rarely demonstrates the return a person needs for it to work well.
The key: Think big. Set your goals of additional income, higher than even $1,000 or $5,000 more per month. Aiming for an extra $10,000 or $20,000 is important. The higher you aim, the better you’ll fare.
4. -Know your limits. Even as you become successful, roadblocks can appear. You may reach your peak abilities, unable to grow your projects further. It’s at this time you have to decide your next course of action: sell your business, close it entirely, or hire someone to run it for you.
The key: Keep in mind your end goal and have a vision. Whatever you decide, be humble enough to admit you no longer have what it takes to keep the project going at its current momentum. Many successful entrepreneurs (ever heard of Bill Gates?) have brought in leaders to take over and grow their companies further.
5. -Invest wisely. Easier said than done, but not impossible. Surround yourself with experts who can help you with the money and assets you do have. Further, decide whether you want to invest your assets in one big project, perhaps your own, or in something smaller such as mutual funds.
The key: Be realistic. If you have a small amount saved up, a mutual fund may be more appropriate. If you have considerable assets and a high risk tolerance, then investing in your own company or buying another, may be the right move.
This was taken from an interview between Lance Hood from SuccessInsiders.com and Matthias Schmelz.
A Billionaire once shared his secrets with Matt Bacak. Matt immediately put those skills to use and went from Bankruptcy to Multi-Millionaire in just a few short years. Listen to the whole interview here! ==> http://www.successinsiders.com/home.html
Take the opportunity to visit http://www.officialmillionairemaker.com/ and listen to Self-Made Multi-Millionaire, Matthias Schmelz, give you the very same Wealth-Building Strategies that he personally used to go from Zero to Multi-Millionaire.
SuccessInsiders.com is committed to helping people succeed, both personally and professionally, by providing them with interactive access to an ever growing team of Millionaires and Experts in wealth creation and personal development. By following the guidance and strategies, through interviews, expert Q&A, telecoaching and other resources offered by people who have already succeeded, a person’s chance for success is greatly increased.
CONTACT INFORMATION:
Heather Thomas
(641) 715-3900 ext. 7576941
support@successinsiders.com
Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Maryland (MD), Massachusetts (MA), Michigan(MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), Nevada (NV), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA) , Washington (WA), West Virginia (WV), Wisconsin (WI), Wyoming (WY) Major Metro Areas: Albuquerque, Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Chico, Cincinnati, Cleveland, Columbus, Dallas, Fort Worth, Denver, Bolder, Detroit, Ft Lauderdale, Palm Beach, Hartford, Houston, Indianapolis, Jacksonville, Kansas City, Las Vegas, Little Rock, Long Island, Los Angeles, Memphis, Miami, Milwaukee, Minneapolis, St Paul, Monterey, Nashville, New Haven, New York, Oakland, East Bay, Oklahoma City, Orange County, Orlando, Philadelphia, Phoenix, Pittsburgh, Portland, Puerto Rico, Raleigh-Durham, Reno, Tahoe, Rochester, Sacramento, Salt Lake City, San Francisco, San Jose, Silicon Valley, Santa Fe, Seattle, Spokane, Springfield, St. Louis, Tampa, Toronto, Tucson, Washington Dc
Labels: Empowerment, Leadership, Millionaire Maker, Personal Growth, Wealth Coach
posted by Ralph Marcus (Mark) Maupin | 5:50 PM
0 Comments:
Post a Comment
<< Home