When it comes to most people creating their financial stability and security. I find that most people are on the “NON-Plan” Plan.
These 6 steps and their simplicity are going to blow you away!
6 Simple Steps to Financial Stability and Financial Security
What is financial stability?
Financial stability is most commonly defined as the point at which your assets (stocks, bonds, real estate, etc.) produce enough income to cover your baseline expenses.
But really financial stability is when your income allows you to do what you want, for how long you want, when you want without worrying about income or your expenses.
But how to do you reach financial stability? How do you get to the point to where your life is your to live and not the life that someone has told you to live.
What I have learned over the years is that most people aren't taught how to be financially stable. They are taught to be employees. We all know what being an employee brings you…the life that you don't want. I'm not saying that being an employee is a bad thing. What I am saying is ONLY learning how to be an employee is a bad thing.
Here are few thing I believe someone must learn and actively do if they want to become financially stable.
Remember: Your EDUCATION strategy…IS…Your INCOME strategy.
#1 HAVE A PLAN. Most people are on the “NON-Plan” Plan. Most people don't have a financial freedom plan because they weren't taught how to create one or to even know to create one (Your EDUCATION strategy…IS…Your INCOME strategy). What the plan does is not only gives you something to follow. It gives your MIND something to FOCUS on. When your mind is in FOCUS, it begins to work quietly in your subconscious bringing you the things you need to great your goal. There is a training called FINANCIAL OFFENSE, that will give you access to a template plan you can use to create your own.
#2 DEBT ELIMINATION/LOWERING YOUR EXPENSES Almost 100% of people have debt. LOL! I know it sounds crazy but it's true. From the moment people leave home (most times age 18 headed to college or to create their lives) debt is PUSHED and FORCED on to them.
I remember in college, the credit card companies had table out along the main college drag with t-shirts and gifts. If you signed up for a credit card, you got cool t-shirt and a gift. One time I got a kiss from the young lady I met at the table. What? I was the man right? Wrong!!! I was in trouble because just like most young college students or just young people period, credit was not talked about in my house. I'm sure that happened to many people and continues to happen today.
If you want to create your financial stability foundation, find a way to start lowering your debts. You are not free if you are still a “slave” to debt…the lender. I know you may WANT that new car or new house or take that family trip. But fight the urge and use that money to pay down (more important off) your debt. Find a way to bring in some extra income to help you. If you need help you can go check our $7.00 introductory offer. It will give you access to a way to bring more income on your paycheck right now! More financial stability ideas will be presented in the rest of this post.
#3 CREDIT RESTORATION/REPAIR Credit is the foundation to finances. If your credit is poor then it will be very difficult to “finance” your freedom. It will be challenging to get a home or even that business loan (good debt) to start your business or purchase an asset.
The purpose of having good credit is to have good buying power. Most times if your credit is at a certain rating (720+), your income statement is not needed. Your approvals will increase. You will be look upon as someone of financial value. Even if you have low income but high credit, you can COMPETE.
If your credit is not where it needs to be, start working on it today. I know that not having great credit is embarrassing. Trust me, I have been there. But if you don't start taking steps and getting the help you need, it will NEVER get there. Go HERE to learn about a company that will help you get your credit in order.
#4 CREATE AN EMERGENCY FUND Almost 90% of people/families do not have an emergency. If they lost their jobs or sources of income, they are about 60 days away from being out on the “street”.
The purpose of the emergency fund is for EMERGENCIES!!! The washer machine goes out. You blow 2 tires on the car. Your child in college all of sudden needs $1,000. What happens to most people is that when emergencies occur they either go unattended or money has to be borrowed (credit=more debt) or a bill or something important goes unpaid or undone.
Your emergency fund should have 6-8 months of your CURRENT monthly expenses. This account should allows our emergency fund to grow at a certain percentage and allow you to have immediate access to it. Once you get access to our FINANCIAL OFFENSE training, you will learn more about how to create an emergency fund. First take advantage of our introductory $7.00 Offer
Create Lucrative Home Based Businesses or Business
#5 EARN EXTRA INCOME/JOIN A BUSINESS When it comes to building your financial stability and financially secure foundation. Nothing expedites your debt elimination, lowering of your expenses, restoring your credit and building your emergency funds then having an extra income source.
Your current income is paying your bills and livelihood. The additional income source begins to create the financial freedom foundation IF you use it correctly. I'm going to share with you 2 income sources
A. If you are working a job (earning W2 wages) you can adjust your form W4 to where you are now paying less taxes on your paycheck & IMMEDIATELY have anywhere from an extra $250-$500+ coming in on your paycheck….MONTHLY! Now in order for this to work you MUST BE IN A BUSINESS!
B. Join a business. When you are join a business (home based business, MLM) it will give you access to a process that has created multiple six figures income earners, millionaires, billionaires and financially stable and financial secure individuals
Joining a business allows you to:
- Save money on your TAXES (over 500+ tax advantages)
- Earn more money on your paycheck
- Create leveraged income
- Build a distribution company
- Get access to a new education system (Your EDUCATION strategy…IS…Your INCOME strategy)
- Build residual income
If you are looking to learn how to adjust your form W4, take advantage of our introductory $7.00 Offer.
If you are looking for a business to join, you can take a look HERE to get your pre-enrolled position and either myself or someone from the corporate team will contact you.
#6 GET A PERSONAL WEALTH MANAGER The strongest “pillar” of your financial stability foundation is having a someone in your corner that fully understands HOW MONEY WORKS. Money has a “language” and their are professionals that know how to “speak” it. This is what a personal wealth manager can do. A personal wealth manager can help you manage your income by using certain vehicles to help your income grow while still having access to it. This is a great place to put your emergency fund AND start building a retirement when you're ready to call it quits and travel the world (if that's what you want to do). Once you get the FINANCIAL OFFENSE training, I will give you access to my own personal wealth manager.
Building your financial stability and financial secure foundation is a comprehensive process. There is more to this than just making lots of money. It's about know WHAT TO DO WITH THE MONEY so that it's always working for you.
Go Here To Get Access To The Best Financial Freedom Foundation Training! Take Advantage of Our Module 1 & Bonus 1 $7 Offer!
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