Chapter 1 Free Financial Freedom Education

Chapter One: Take Control

The first key to financial freedom is learning to control the things you can control. For example, you cannot control rising costs; however, you can save more. You may be thinking, right about now, “how can I save money if I can barely pay the bills?” Not to worry, help is on the way. No matter what your financial situation is or your income, there are always ways to free up funds for investments. Here’s how:

Ø Pay yourself first
Ø Adjust your priorities
Ø Adjust your lifestyle
Ø Earn additional income
Ø Re-align your assets
Ø Avoid Credit
Ø Set goals and have a plan

Pay yourself first:
Paying yourself first means putting you and your family before any other demands on your money. The best way to pay you first is to deposit a set amount every month into an investment program. (Remember do this first no matter what other financial obligations you may have).

Adjust your priorities:
In order to adjust your priorities, you first have to get a hold of your current situation. The best way of finding out where all your money is going is to jot down every penny you spend for a month. I guarantee that at the end of the month you will be amazed where your money is being spent.

Create a DEBT PAYOFF PLAN FREE

Adjust your lifestyle:
Mick Jaeger said it best; you can’t always get what you want… So it goes with money. In order to take control of your financial life you have to make a conscious decision about your choices. A good exercise is to take a note pad and divide it down the middle. One side will be labeled “wants” and the other side “needs”. Fill in each column with your wants and needs. Then decide what is most important to you. Do you need a new car or do you want a new car?

Earn Additional Income:
If you want to make significant progress in your financial life and you feel that paying yourself $25 just isn’t enough, then consider taking on a part-time job. That way you can use the extra income to start your investing program with.

Re-Align your assets:
This means that you move assets you have around to free up cash. By re-aligning your assets you may be able to free up enough money to start your investment program.

Avoid Credit:
The only way to win the credit battle is to pay cash. Try to avoid using credit cards. However, if you find yourself in a situation where you must, then pay off your charges at the end of the billing period. Otherwise you may incur fiancé charges.



Set Goals and have a plan:
We all need a map of some sort in order to guide ourselves to whatever destination we may choose. You must have financial goals in order to achieve his/her financial dreams. It is important to set-up short-term goals as well as long-term goals.