7
Steps to Financial Freedom
Application of financial truth leads to financial freedom. What separates the financial free from those in financial bondage? 7 simple decisions. Follow the sequence and
become financially free in any type of economic environment.
1.
Understand Money. Understand
the playing field, the rules of money. We can never win the money game if we don’t
understand the rules of the money game.
2. Invest in
Yourself. We are the
best asset we have. There is no other investment that will bring higher returns
than investing in ourselves. Very few people understand the value of applying the three overriding principles of wealth creation: long term
thinking, delayed gratification, and the power of compounding.
3.
Make Money. Skills
and abilities allow you to make money. Diplomas and tittles are worthless when
it comes to making money.
4.
Save Money. Spend
less than you make or make more than you spend. Sounds simple yet most people
violate this simple rule. Avoid debt like a plague.
5.
Give Money. Giving
must always come before spending and investing. Financial free people have an
abundance mentality and are big givers.
6.
Invest Money. Investments
bring returns while expenses don’t. Leverage the power of compounding to
achieve great returns over time.
7.
Spend Money. Most
people spend money before they earn. It is called debt. Immediate or instant gratification
leads to financial ruin. Develop the discipline to follow these 7 steps in
sequence and you will be financially free.
Thank
you for reading and reflecting on today’s nuggets. Share them with others.
Be blessed and be a
blessing to others
Carlos Fontana
Author of the book Priceless, Co-author of the
book Follow to Lead
"The future
belongs to those who can see and pursue opportunities before they are
obvious."
"Those that take
swift action will always leave those that don't breathing the dust."
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