The 10 steps to financial independence
| Category: Entrepreneurship | Date: 2001-07-09 |
" Wealth is better than poverty, if only for financial reasons."
- Woody Allen
Some points to "kick off"...
* Without financial independence, you are a slave to money.
* Achieving financial independence will take time, dedication and lots of hard work... but will be worth it in the end.
* Remember, money isnt everything. It has been said that money is the root of all evil", but only an obsession and love of money for its own sake, I believe, is bad.
Substantial amounts of money can be used for charitable purposes, if that is your wish..... but "charity begins at home".
* Nearly everyone has the ability to be successful, but very few have the desire as well as the commitment to make the sacrifices necessary to achieve wealth.
1. Accept that no matter where you are in the "river of life" (and how desperate your situation), you can achieve financial success and make a commitment to yourself to attain it. It is within your grasp if you really want it. Really BELIEVE it - that is the most important step. Only then will the incredible power of the human mind work out a means of achieving it. Reject the idea that work is simply something you have to do until the age of retirement.
2. Ask yourself this: Where do you want to be in 2,5,10 years time?
Set goals that excite you. If you could do absolutely anything with your life, what would you do? If you had unlimited money or found out you only had a month to live, what would you do? Write them down.
3. Establish your current financial position. What is the cash inflow and outflow. Horrors! Which areas can be improved upon? Everything!
4. Develop your NEW plans. Decide what action you are going to take that will move you closer to the achievement of your goals? All goals should be specific and have a time constraint.
5. Closely monitor the performance of your investments and your rate of savings.
6. Try to put extra savings into investment (it could be your own business)
7. Review and reward yourself annually if your targets are met.
8. Pursue your personal goals and business ideas with all youve got. With real PASSION and PURPOSE. If you really BELIEVE In them, they are far more likely to be achieved.
9. Still try to live a BALANCED life... or as balanced as you can make it. Money doesnt buy happiness; yet Id rather be unhappy in comfort!
10. The highest cost of all is the cost of waiting to TAKE ACTION to change your current circumstances in life (as 94% of the population apparently are dissatisfied with their situations. It is up to you to do things differently. So take ACTION now- to change course. You get only one shot at life, so make the most of it.
Have a PLAN, then put it into ACTION.
"People dont plan to fail, but fail to plan."
To recap... in a line...
THE THREE LEGS TO GROWING RICH
Like the three legs of a stool. All are equally important in ensuring financial independence.
The key:
MAKING MONEY + SAVING IT + INVESTING WISELY = FINANCIAL SUCCESS
Success is at your doorstep each and everyday. The opportunity you are searching for is at your fingertips. When you touch it, you will certainly know it if you are resourceful enough to pick up the telephone and contact the leader, supervisor, who ever it is requesting you check into their opportunity. If you cant make contact with a real live person, dont go with that opportunity. I wouldnt even spend another minute unless I received an answer machine instead of a prerecorded voice mail message
P.S: 99% of the population do not achieve financial success, because they lack the real COMMITMENT to achieve financial independence. I believe they are too busy earning a living to survive to really THINK about how to make big money. Really use the unlimited power of your CREATIVE IMAGINATION to MAKE THAT PLAN to achieve FINANCIAL INDEPENDENCE. However, it takes a great commitment in TIME, MONEY, ENERGY and patience to achieve ultimate financial independence. So make that effort and INVEST IN YOURSELF, first..
About the Author
Craig Lock has been involved in the personal finance field for too many years. He is now an author of five published books with another twelve being published and marketed on the Internet. Craig has studied and written extensively on money matters: articles, brochures for financial institutions and books.
:To contact see details below.
C.Lock@xtra.co.nz
http://www.elkpublications.com/godzone.htm
- Woody Allen
Some points to "kick off"...
* Without financial independence, you are a slave to money.
* Achieving financial independence will take time, dedication and lots of hard work... but will be worth it in the end.
* Remember, money isnt everything. It has been said that money is the root of all evil", but only an obsession and love of money for its own sake, I believe, is bad.
Substantial amounts of money can be used for charitable purposes, if that is your wish..... but "charity begins at home".
* Nearly everyone has the ability to be successful, but very few have the desire as well as the commitment to make the sacrifices necessary to achieve wealth.
1. Accept that no matter where you are in the "river of life" (and how desperate your situation), you can achieve financial success and make a commitment to yourself to attain it. It is within your grasp if you really want it. Really BELIEVE it - that is the most important step. Only then will the incredible power of the human mind work out a means of achieving it. Reject the idea that work is simply something you have to do until the age of retirement.
2. Ask yourself this: Where do you want to be in 2,5,10 years time?
Set goals that excite you. If you could do absolutely anything with your life, what would you do? If you had unlimited money or found out you only had a month to live, what would you do? Write them down.
3. Establish your current financial position. What is the cash inflow and outflow. Horrors! Which areas can be improved upon? Everything!
4. Develop your NEW plans. Decide what action you are going to take that will move you closer to the achievement of your goals? All goals should be specific and have a time constraint.
5. Closely monitor the performance of your investments and your rate of savings.
6. Try to put extra savings into investment (it could be your own business)
7. Review and reward yourself annually if your targets are met.
8. Pursue your personal goals and business ideas with all youve got. With real PASSION and PURPOSE. If you really BELIEVE In them, they are far more likely to be achieved.
9. Still try to live a BALANCED life... or as balanced as you can make it. Money doesnt buy happiness; yet Id rather be unhappy in comfort!
10. The highest cost of all is the cost of waiting to TAKE ACTION to change your current circumstances in life (as 94% of the population apparently are dissatisfied with their situations. It is up to you to do things differently. So take ACTION now- to change course. You get only one shot at life, so make the most of it.
Have a PLAN, then put it into ACTION.
"People dont plan to fail, but fail to plan."
To recap... in a line...
THE THREE LEGS TO GROWING RICH
Like the three legs of a stool. All are equally important in ensuring financial independence.
The key:
MAKING MONEY + SAVING IT + INVESTING WISELY = FINANCIAL SUCCESS
Success is at your doorstep each and everyday. The opportunity you are searching for is at your fingertips. When you touch it, you will certainly know it if you are resourceful enough to pick up the telephone and contact the leader, supervisor, who ever it is requesting you check into their opportunity. If you cant make contact with a real live person, dont go with that opportunity. I wouldnt even spend another minute unless I received an answer machine instead of a prerecorded voice mail message
P.S: 99% of the population do not achieve financial success, because they lack the real COMMITMENT to achieve financial independence. I believe they are too busy earning a living to survive to really THINK about how to make big money. Really use the unlimited power of your CREATIVE IMAGINATION to MAKE THAT PLAN to achieve FINANCIAL INDEPENDENCE. However, it takes a great commitment in TIME, MONEY, ENERGY and patience to achieve ultimate financial independence. So make that effort and INVEST IN YOURSELF, first..
About the Author
Craig Lock has been involved in the personal finance field for too many years. He is now an author of five published books with another twelve being published and marketed on the Internet. Craig has studied and written extensively on money matters: articles, brochures for financial institutions and books.
:To contact see details below.
C.Lock@xtra.co.nz
http://www.elkpublications.com/godzone.htm
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