Categories
Attract Money

Financial Freedom! Is It For You?

road-to-financial-freedomWhat does financial freedom mean to you?

Does it mean buying anything you want regardless of how much it cost?

Does it mean spending your days in ways that enrich and empower you instead of being at the beck and call of an employer?

Is there anyone in the world who wouldn’t agree that the dream to be financially free is a universally desired goal?

But how does one create and maintain this sought after state of financial freedom.

Surely, it is not by working hard at a job. We’ve all heard the grim statistics of people working hard, only to end up old and very poor.

Having a job is not a secure method to achieve your desire to be financially free! Many employees, from clerks to CEO’s have found themselves unceremoniously dumped from jobs they thought were secure. Even employees who are lucky enough or maybe foolish to hang on into retirement, working for someone else, are finding that the pension that they counted on is insufficient to cover their hoped for and deserved life of ease.

Taking an informed, involved and hands on role in your finances is the only way to be financially free. No one else can be as passionate about your financial goals, dreams and desires as you are.

Others may or may not share your commitment to achieve your financial independence, however, that does not reduce your responsibility to make every attempt to achieve it.

Very often, when I talk about money and how freeing it is to have enough to live a self-directed life, there is always one person who will say,” money is not that important” or “money can’t buy happiness”. Of course it’s true that money cannot buy happiness, nothing can, for happiness is a state of mind that you choose for yourself, regardless of circumstances or the attitudes of others.

And money IS important for the things that money CAN do, such as good schools for your children, spending your time how you choose, supporting charities and so much more.

So, how do you achieve financial freedom?

Acknowledge and accept that whatever financial state you are in presently is a result of the actions you have taken up to that point in your life. Then decide that you want to create a brighter, more secure financial future for yourself and those who depend on you.

Do an in-depth financial analysis beginning with your credit rating. If your rating is not a good one or you don’t yet have a credit history, begin the process of restoring or establish one. Excellent or even just good credit will be your solid foundation on which you will build your financial freedom.

After addressing your credit score the next step will be to learn about wealth creation tools and strategies. Get help with this step by leveraging the knowledge of a trusted team of financial planners. Enjoying a life of financial freedom need not remain just a distant dream.
Get passionate about your desire to build wealth, make a new plan and take well-advised actions.

Create a new plan and achieve your goals. You provide the dreams and the desire and we will provide the sound, customized advice and planning that will help you build wealth and achieve financial independence.

Author Bio: Committed to life-long learning and helping others achieve their financial goals of independence and security, Yvonne is known as the “go to” person to her friends, clients and business associates.  Go To Her Here!

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Categories
Deal With Stress

Stress-Free Budgeting: 5 Unconventional Ways (That Actually Work!) to Stay on Budget

Stress-Free BudgetingA common struggle for most households is sticking to a specific budget that ensures that all bills are expenses are paid in full. For many people, splurges and poor spending habits often lead to exceeding the budget and going into debt. Unfortunately, this is accompanied often by a lot of stress! Fortunately, there are several ways to prevent overspending and work within the allocated rules to prevent debt, late payments and extraordinary stress.

1. Set Up Automatic Bill Pay

To ensure that bills are paid in a timely manner, set up automatic bill pay with your bank or credit union for a convenient way taking care of the necessary expenses before splurging. The automatic payments can be made for the mortgage, utilities, and auto loans on a specific date each month. Automatic bill pay is truly a god-send and will significantly simplify your bill paying.

2. Use Cash in Envelopes

To resist the temptation to overspend, use cash that can be placed in separate envelopes for different expenses. Sure, this method may seem rudimentary or even old-school, but it’s extremely effective. Once the cash runs out, it will force you to wait until payday to purchase more goods or services. Using cash is also said to reduce spending due to the psychological pain involved of physically handing the money over.

3. Use a Tracking Tool

Take advantage of the myriad of sophisticated technology available at your fingertips. There are a variety of software programs and online tools available to track your spending after linking various bank accounts and credit cards. This offers an easy way to monitor how much is left to spend and where each dollar has been used.

4. Pay Off Debt

Paying off debt may seem like an unconventional way of staying within your budget, but by repaying loans and credit cards, it will free up extra money to use on savings or necessities. Although it can be difficult to create a plan to become debt-free, you can consult with financial experts who will help you create a solid and effective financial plan. This very well may be the single most effective strategy on this list. Being in debt is not only emotionally draining, but it very well may prevent you from purchasing a home or car.

5. Keep Receipts

Keep all of your receipts and bank statements on hand to calculate expenses and have documentation of how much has been spent. This will ensure that every dollar can be accounted for when working to recall how much is spent throughout the week. There are even sophisticated software programs that can sort and organize all of your receipts on your computer. Instead of establishing too many rules with a personal budget, there are several unconventional ways to prevent overspending and ensure that all of the bills are paid on time. By taking advantage of the right tools and resources available, it will ensure that your finances stay organized and regain control of your income. A life free of financial debt is not only liberating, but will give you an opportunity to successfully pursue all life has to offer.

 Author Bio: Karleia is a freelance blogger. Visit Paddon & Yorke Inc for a financial health checkup.