Friday, April 28th, 2017

Achieving Financial Freedom: 4 Simple Steps to Success

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I promise – it’s as simple as that – I promise that if you learn the DNA of Success, you will find the success you dream of.

Skeptical?  If you’re just starting out on the path to your real future, you might very well be.  You might be saying, “Sure, Jack, easy for you to say.  You got breaks I can only dream of.”  (You’re not saying that if you read my biography).  You might be saying, “Jack, you’re talking about leveraging time and money and multiple streams of income.  Newsflash, buddy.  I’m just trying to keep the light bill paid.”

Achieving Financial Freedom: 4 Simple Steps to Success

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I know.  I’ve been there.  When money is tight, it can feel like it’s going to be tight forever.  Maybe you can’t see exactly how you’re going to dig yourself out . . . yet.  But if you just step out in faith and start following some simple steps to success, you’ll get there.

Step 1:   Know your Core Desires. I know – I keep saying that.  But if you don’t know what you want, how can you get it?  And once you know – really know – what you want, you’ll unleash your Conquering Force.  Look inward.  As Marcus Aurelius said, “Look well into thyself; there is a source of strength which will always spring up if thou wilt always look there.”

Step 2:  Leverage your income . . .  but first, stop leveraging your expenses.  Leveraging your income means, very simply, to use a little money to get something of much greater worth.  Leveraging your expenses, then, means to buy something worth a little and spend a lot; for example, buying $40 dress, but paying with a high-interest credit card so that you ultimately pay $65.  Your first step in getting out of financial crisis is to take control of your debt.  Check your credit report, so you know exactly where you stand.  Look into consolidation.  Call the credit card companies and ask for lower interest.  And then, most importantly, live within your means.  If you can’t, adjust your life until you can.

Step 3:  Do your homework. Remember the seven mistakes people make over and over?  One common mistake is to skip the research and strategy stage before taking a risk.  Know how the credit system works, what the current rates are, and possible pitfalls, before you even begin applying for a business loan.

Step 4:  Save money. Old fashioned advice, but it still applies.  Financial success isn’t about how much you earn, but about how much you keep.  Saving money takes a lot of discipline, especially in this consumer credit, have-it-all-right-now culture.  You should be putting away at least 10% of your income.  I know this is a tough adjustment, but there are some tricks that can get you there less painfully.  Arrange to have a percentage of your pay automatically routed to an account that isn’t easily accessible.  Use online bill payment systems to pay yourself with a monthly check sent to a savings account.  If 10% feels like too much, start with 1%, and increase the amount by one percentage point every month.

If you learn sound financial principles and incorporate them into your habits, you really can get out of the mud of debt and living paycheck to paycheck.  Don’t let your discouragement over your current circumstances mire you into permanent financial stress.  Follow these steps for success so that one day you can have the peace that comes from knowing that you can easily meet all of your obligations and beyond.

If you’re ready to learn the essential truths about success, why not commit just 5 minutes a day for the next 30 days, and learn the steps for success that you need to finally taste the financial freedom you’ve always dreamed of.

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