It really is a choice, What are you going to do about it.? If you have not experience the feeling of working less, retiring young, establish a real savings account, and becoming a smarter spender. Think about your choices and start by investing in yourself and make your money work for you.
What Would You do Without Debt
“Without Debt” would be awesome, if you gathered up all your bills you pay each month, what would you do with the extra money; if you are not applying it to your expenses such as mortgage, car loans, or credit cards. Would you invest into your future or deposit it into a saving account.
There are several ways to take advantages of extra cash, owning your own business, seeking a financial adviser to help you invest and educate yourself. Its important to know that in the long run it pays off if you stay the course.
Freedom allows you to free yourself from worrying, you are able to work whenever you want, anywhere or anytime. If you are working and don’t like it you can quit your job. Debt can be stressful at times it always there, it never goes away unless you make the money work for you. If you take the time to educate yourself it plays a major role in your life financially. It shapes your situations gives you a realistic goals not to give up.
If you want it brand it yourself, make changes, start investing, exchange time for money, say no, focus on your goals and success, network like crazy. Imaging waking up every morning knowing you can spend the day to do whatever you want. I would travel more go visit family and show people that it’s possible. If we can support small or big business why can’t we have a piece of the pie.
What Is Your Action Plan
What are the necessary steps are you going to take and change your life style. It can be overwhelming where to start is first with yourself, Are you going to take on the challenge ? Or you going to wait for time to pass you by. If you decide to take an action these are the goals you should work on.
The seven steps is a huge life change for you so make it work for you and follow the steps below:
- Change your mind the way you look at situation
- Create an emergency fund
- Reduce your spending
- Invest in your future
Share your valuable lessons and educate your family and leave a legacy.
After you have accomplished your goals, What are you going to do different? Hopefully, you stay on track and don’t repeat the cycle. Identifying a clear objective, it’s very critical to anyone’s finance. A financial goal is setting and determine the amount of cash you put away for a specific purpose. When you reach the amount track your progress.
There are three types of goals: Short range, Mid range, Long range. A Short range is less than twelve months, Mid range is one to five years, Long range is more than one year. For example: Short range goals is something you desire such as vacations, electronics or what you determine is a short goal. Mid range goals can be a down payment on a house or sailing boat. Long range goals is when you are investing in a child higher education when they get older, or saving for retirement, owning your own business.
Use a Financial Chart to help you determine your goals and how much to put aside each week, month. Use Step 3 and 4 can determine your realistic goals. Look at your expenses whether or not you can increase or decrease your expenses and adjust accordingly.
Your priorities is essential you must develop it. If you decide to share your finance with someone discusses your priorities together. Communicating with each other to determine the best approach. It’s wise to know where your cash flow is going each month. If not you are not by yourself, have an accurate figure you want to track your spending daily. Use the weekly and monthly worksheet this is a very helpful tool and you can fill in your description.
If you want to be happy set a goal that commands your thoughts, liberates your energy and inspires your hopes, words by Andrew Carnegie.