Sehrish Yaqoob
You're there chilling-out, not worrying about a deadline or a meeting or a proposal. Basically, you're not thinking about work. You're there relaxing with the people you love.
Who wouldn't want that?
It sounds like a dream, but you know what? It doesn't have to remain that way. You can get that freedom from the corporate world or the job industry. If you listen closely, you will not have to worry about money anymore.
Here are the steps in order to achieve the coveted financial freedom:
STEP 1: Mental Preparedness
If you want to be successful, you must first think that you are successful. You will get nothing out of yourself unless you believe in your own capabilities. You should first think it, and you should believe it. You should also know what you want to do. Once you figure out what that is, keeping your eye on it is the key.
Keep it in sight and never lose track of what is supposed to be done. This also means that you should discard all negative thoughts. Forget what you did before or what happened, you need to focus on the "now" and the future.
STEP 2: Financial Awareness
You should understand how money works. Once you figure out what the numbers mean, you will have an easier time gaining money. A lot of people think that given the chance, they could make better products than an already established company. For example: a friend of mine claims that she can design better clothes than Calvin Klein. But she doesn't make as much money as CK does. Why is that? The answer is obvious.
CK has an established business system. The executives at CK understand money. Study and breathe in the numbers. If you have money, but you don't know how to use it properly, then that money is useless in will probably leave your grasp soon. But with the right financial knowledge, you will be able to utilize the money you have.
STEP 3: Specific Financial Plans
Managing of money is important. You should know when to put out money and when to keep it. You can't be all gung-ho with your money. You should be careful with it, take in consideration every financial move you make and make sure that you will gain in certain investments.
You should save, budget and save some more. It will be hard, but once you get used to it, it will be beneficial for us in the long run.
STEP 4: Lifestyle Management and Debt Eliminations
Lifestyle management is important in order for us to be efficient. This means that you should learn to make proper use of your time and energy. Basically, lifestyle management means living under your income level. This is needed because it comes hand in hand with the debt elimination. Debt elimination means exactly that. Pay off everything: mortgage, credit cards, debts, in order to maximize your income. Obviously, without debt, the money you earn all goes to us.
STEP 5: Business Management
Obviously, business management is crucial. Your businesses will provide income. You should do what you must; attend seminars if you have to, just so you can maximize your profits. You need more money. More money means more funds to produce assets that will give us even more money. This is a cycle and once you get the hang of it, you will be free in no time.
STEP 6: Perseverance
No, you will not get rich and you will not get to your dream quickly. You need to work hard, and be patient. Don't expect to haul in money instantly. This is a process and you should not be disheartened if you do not get results quickly. If after years and years of doing something and you're still not yet free, then I suggest revamping your plan and try to learn from your previous mistakes. Do what you must and don't ever lose hope. Keep on going, and eventually you'll get there.
Who wouldn't want that?
It sounds like a dream, but you know what? It doesn't have to remain that way. You can get that freedom from the corporate world or the job industry. If you listen closely, you will not have to worry about money anymore.
Here are the steps in order to achieve the coveted financial freedom:
STEP 1: Mental Preparedness
If you want to be successful, you must first think that you are successful. You will get nothing out of yourself unless you believe in your own capabilities. You should first think it, and you should believe it. You should also know what you want to do. Once you figure out what that is, keeping your eye on it is the key.
Keep it in sight and never lose track of what is supposed to be done. This also means that you should discard all negative thoughts. Forget what you did before or what happened, you need to focus on the "now" and the future.
STEP 2: Financial Awareness
You should understand how money works. Once you figure out what the numbers mean, you will have an easier time gaining money. A lot of people think that given the chance, they could make better products than an already established company. For example: a friend of mine claims that she can design better clothes than Calvin Klein. But she doesn't make as much money as CK does. Why is that? The answer is obvious.
CK has an established business system. The executives at CK understand money. Study and breathe in the numbers. If you have money, but you don't know how to use it properly, then that money is useless in will probably leave your grasp soon. But with the right financial knowledge, you will be able to utilize the money you have.
STEP 3: Specific Financial Plans
Managing of money is important. You should know when to put out money and when to keep it. You can't be all gung-ho with your money. You should be careful with it, take in consideration every financial move you make and make sure that you will gain in certain investments.
You should save, budget and save some more. It will be hard, but once you get used to it, it will be beneficial for us in the long run.
STEP 4: Lifestyle Management and Debt Eliminations
Lifestyle management is important in order for us to be efficient. This means that you should learn to make proper use of your time and energy. Basically, lifestyle management means living under your income level. This is needed because it comes hand in hand with the debt elimination. Debt elimination means exactly that. Pay off everything: mortgage, credit cards, debts, in order to maximize your income. Obviously, without debt, the money you earn all goes to us.
STEP 5: Business Management
Obviously, business management is crucial. Your businesses will provide income. You should do what you must; attend seminars if you have to, just so you can maximize your profits. You need more money. More money means more funds to produce assets that will give us even more money. This is a cycle and once you get the hang of it, you will be free in no time.
STEP 6: Perseverance
No, you will not get rich and you will not get to your dream quickly. You need to work hard, and be patient. Don't expect to haul in money instantly. This is a process and you should not be disheartened if you do not get results quickly. If after years and years of doing something and you're still not yet free, then I suggest revamping your plan and try to learn from your previous mistakes. Do what you must and don't ever lose hope. Keep on going, and eventually you'll get there.
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