Financial Freedom - 3 Things You Must Do to Achieve It
Achieving financial freedom is not as difficult as you imagine - however, there are THREE absolute things you must do to achieve it. If you write these down, paste them somewhere you can see everyday and then follow through, financial freedom is yours to have and enjoy!
Thing You Must Do #1: Attitude
“Attitude” includes cultivating positive thinking, beliefs and an attitude that you absolutely KNOW you can achieve financial freedom. All self-made wealthy people have that. Think Donald Trump or Robert Kiyosaki. At first, you have to develop a little voice in your head that corrects every limiting belief you have about yourself. Wake up every morning and instead of worrying about your lack of money; ask, “How can I make more money today?” It works!
Thing You Must Do #2: Plan
If you don’t have a plan or a financial budget to steer you in the right direction, you’ll be going nowhere. All profitable businesses do this, so run your personal finances in the same way as a business. Sit down and put that pen to paper - plan, plan, and plan. Revise your plan. Play with your plan. Dream about your plan. The possibilities are endless.
Thing You Must Do #3: Save Invest
To obtain true financial freedom, you need assets and investments that will produce your income for you, so you can devote your time, talents and resources to doing the things you really want to do - and not being tied to a job you don’t like. To do this, incorporate a savings strategy into your plan, and then turn those savings into investments - as soon as possible. Managed or Mutual Funds are the simplest and very good method. Set up a fund with as little as $500 or $1,000 and have your savings directly debited into it. Then set up another one, and then another. When you get to six (the famous 6-pack fund model) you’re on your way. Get some good financial planning advice and give it time - so remember all markets fluctuate over time. So think long-term, not short-term.
Start Now
OK, what are you waiting for? Financial freedom is just around the corner. Maybe it’s a longer street for some to reach that corner - but its there. Trust, believe, and know that it’s there - and most importantly of all, know that you DESERVE IT!
Ann Marosy is an accountant, consultant, and motivational speaker. She was formally the Financial Controller of an Aust subsidiary of the Fortune 500 Company, Jardine Matheson; Finalist of SA Executive Woman of the Year and is the author of ‘The Money Program: How to Manage the 6 Stages of Wealth’ and ‘Money Rules: The 7 Simple Rules of Money Management’.
Visit her website at http://www.moneta.com .auhttp://www.moneta.com .au
