Our vision provides you concise action step that you take right now to enhance your financial career.
If you want to improve continuously, you have to be committed to continuous learning.
“What do you do when you find yourself in a hole?
Stop digging.” – Anonymous
Teach Financial Education Yourself
Today world it’s going to be worse to live if you financial illiterate. If you want to physical stronger. What would you do? Simple will do proper exercise to make better health. So why you don’t do for financial strength. Do mental exercise increase your chance for wealth.
If you want something in your life for financial freedom, work for it. If you can’t make up your mind active decision. Then you’ll never learn any more to make money. Make a quick decision to learn about freedom financially.
What did you learn in college? Only to get a job but how many of you get it? Who gets a job they stuck in the rat race? Paying their loan and getting broke. They didn’t teach financial education yourself. If they save some money with them then they pay the next bill.
They are going to terrible mistake if someone has little literacy being financial, he would next and get the current value of his money, not past value of dollars. Value change from commodity to commodity according to the market recession. Some product will cheap and other gains high value.
Suppose-You wants to buy a ring for your partner. Current price is $100, and you have $98 left in your saving, no chance for buying it. What do we do? Wait for next time or keep money left in saving. Next time you will go, and price for same ring and the price goes up to $120 (depend on the same demand product? But you have -your saving $98+interset$2 =$100.
You will receive a little sadness. You need to strengthen your financial literacy.
This life is the best teacher of all who is financially illiterate. Sort of time push you around and saying”Wake up Genius. There is something; I want to teach you. If you want to achieve financial success, you would say, It’s my time to get what I want?
You have to learn to achieve financial freedom to control two emotion: Fear and greed. Fear motivates us that without money you would die. When you get your paycheck. Greed or desire play the most role to create the beautiful thing you want to. But and all money spent. You will get back the state where you were at being first.
You need to seek investment opportunity to increase your $ value. Learn financial education online or offline. If you need a guide, we’ll walk you through all way to achieve your financial freedom.
Make your balance sheet
Divide your income statement into asset and liabilities.
After getting financial literacy, make balance sheet properly. Get a notepad, create two column, write one side income other side expense. You will find your current status from this.
So Sad hah? Your expense column makes significant at income column make small. How you would handle all your payment at a little resource?
Make another column to find out, how much capital you need, how can you achieve them. If someone using this plan, it shows how a person handles money.
It should be your task to build asset column significant than a liability. For surviving in the long term for hold financial freedom good in your life. It does not matter how much money do you earn. The matter is how much money you keep.
“An intelligent person hires individuals who are smarter than he is.”
To get financial freedom, It’s very important to focus on building assets than the income statement. If you are doing a job, it’s good you’re earning money. It would be useful for buying a real asset, not for liabilities. Your real wealth defines that if you won’t work. How long would you survive? Do Research according to your location, what’s best for your choice.
Real estate could be the best investment in most countries. But in today Bitcoin is a hot topic for large investor and people are getting the huge returns. So build your asset column after teaching financial education yourself.
Clear your debt&Pay yourself first
What happens when you receive your paycheck, you spend, pay taxes, bill pay, car loan payment, room rent or mortgage and last remain a bit yourself, why? First, when you receive your salary keep decent money in a separate investing account.
Don’t touch until you ready for investing. You think if you pay yourself first, how would you manage. Suppose you have not enough money to clear your other expense because you are using a part of the money for investment. Asset column is more important than paying other expense.
After paying yourself first, a forced drive you to seek another form of income. You have to use this force in right way, Don’t frustrate because your asset is already doing their work, you have to find another way to make income clear your taxes. It’s not a rocket science. It depends on your smart work
Today we are living in the information age, and wealth is with information. Who has most information owns the huge money. Secrest of this.
” how you use this information for personal gain or social pain.”
Your goal should be to get rid of debt as quickly possible as so you look for a better future. Make a financial plan that’s going to take you where you want to go.
Make debt free within minimum days-Control your debt to live freely. Use these tips eliminate your debt.
- If you have more credit card, keep only one or two at a time because extra charge you have to pay off.
- Earn extra money paying for the credit card, not from your salary.
- Paid one by one each card payment, not together. Once you paid off all card, continue the same for your other expenses
- It takes time, but after debt free, you will feel like a rich.
- Paid off on time to avoid the extra fee.
- Use credit card low-interest charge, no transaction fee.
Overcome bad habits and find the good one
Our lives reflection of our thought more than education. In school, we learn that mistakes are bad but human way man learn from their mistake like child learn to walk by falling many times. Failure is part of success, making the bad habit is good at starting because you don’t know, but after learning from them.
You become a master skill you developed how to overcome the bad habit. It comes when you get bullies from the government not paying taxes, use this fear to make stronger. Force yourself to think about, how would you make extra money.
The more you do the mental exercise. More money you get.
- Cut back on extra things you don’t need; it could be your dream car, dinner at expensive restaurants or extra sharp clothes. When would you develop this habit? Your willpower and discipline is important, and you would start a plan for a better financial future
- Make a habit of paying cash. Use your card only in emergencies
- Shop at the wholesale and discount store.
- keep buying within your budget limit if you reach $150, skip other things.
- Start looking for the part-time business to learn more or add income to your investment account.
- Cut off your monthly usage of home telephone or cell phone to save money.
- Find some insurance policies if any come under your saving budget.
- Take your time and analyze your spending habits, how much you can save without buying an expensive item.
Once you follow this strategy. You’ll see the result within the month. When you save in week $20.
Over a month $80, over a year $960 or more depending you saving limit. Then you can start building the asset that will work for you. Your passive income will pay for phone bills, insurance policies or more.
Then expand your means according to the lifestyle you want.