Financial Freedom Tips

Posts Tagged ‘Changing’

Many individualized finance articles have been written on the issue of money.   Can’t state I have been moved to action by many.   First I’d like to state it is ok that you feel down about the current situation about your individualized finances.   I give you permission to feel your feeling for the next 24 hours and then pull yourself by your boot straps and let’s what we can do.  

There exist many a definition, I want to share with you  my individualized finance definition:

Financial freedom is not an event, it is a skill.

I bet right now with the current economic situation you are saying to yourself, “I just wish I could the lotto!”  Boy don’t we all and yet statistics and individualized finance facts show that the majority of people who win the lottery, end up broke and worse off before their winnings! Envision that.   You among the many seeking wealth, riches, fame few people realize that money isn’t the solution to their problems;  the way you think about money is the problem and the solution.  

I can nearly see you going oh yeah, give me the money and I’ll show you change in mindset!

My favorite entrepreneur of all times, Henry Ford was once asked, “What if you lost everything you own?” He responded without missing a beat: “I’d have it all back and more within 5 years. “

Being a master of your own individualized finance is not about what is in the bank; it’s about the capability to acquire the skill that will show you how to produce new streams of income and wealth based on your knowledge and experience.

So before we go any further on this issue let us face the real problem here that is impeding your individualized finance for good!  Why you might ask?  Well without the mastery of these 5 steps, your desire for your goal for financial success and financial freedom is highly unlikely!  This is why huge players in any industry have coaches, Oprah has a life coach, football players and basketball players have coaches and mentors.   Tiger woods after each bad game will go in for coaching and training.   Why?  Those who achieve great financial success do not go it alone.   They always have a team.   Those who achieve great poverty have the do it yourself mentality!

Why is it important to plan individualized finances?

5 Steps That Will Guarantee You Become Master Your Personal Finances

1. How do you think about money? State you come up with an intent to do something. Do you think that will never work?  Are you afraid to follow through?  Are you scared of loosing money or do you see each dollar spent as an investment?

2. How do you manage and invest your time?  The average man has at his disposal  6 discretionary hours.   This is time they can do whatever they want.   No work, no chores etc.   Many will watch T. V. , attend high-priced sports events, spend money on meals at a restaurant and movies, see where I am going with this? Do you do individualized finance budgeting?

3. How do you leverage the talents and life experiences you ALREADY POSSESS?
Most people see their experiences as failures.   They only speak of how they tried to do something as failed.   Thomas Edison unsuccessful more than I care to count, and yet he persisted to light the whole world. Many of life’s failures are people who did not realize how close they were to success when they gave up. Thomas A. Edison

4. Do you have a mentor and/or coach with a proven individualized finance curriculum? This is the true measure of your desire for financial freedom.   This is where you literally place your money where your mouth is, can’t afford a mentor you say?  Well what was the last book you read? Gossip magazines do not count as literature sorry ?!

5. What do you think is “risky,” and what do you think is “safe and secure”?  Most people never break into the realm of the 5% wealthy group who own 95% of  the worlds resources because they want to play it safe.   They want the money, the fame, the accolades but they feel they should not have to go through the process of creating this wealth.   No wonder the world wide web and other places are full of scams and get rich swift opportunities.   Remember this success does not  happen overnight, but one night success does happen.   Someone once stated to me, it takes 3 years to be an overnight success!