NLP – 5 Steps to Become Financially Independent
Lots of people think that you have to be rich to be financially independent. Well, I disagree with that. You can be financially independent earning $2,000 a month, even with 1 or 2 children.
So let’s define what financially independent really means and how you don’t need $5,000 or $10,000 to think that at last, you’re financially secure.
Well, it’s easy to understand that you’re financially independent if you can provide food, clothes and a shelter for you and your family without any help of your family or the bank on a monthly basis. That’s all. In fact, if you earn $2,000 a month and have a plan, you can live well enough and save some money even.
The problem is that most people don’t have a plan. If you’re forty and you’re not financially independent, it doesn’t mean you have the wrong business or the wrong job, it means you don’t have the right plan.
Here is a 5-step plan that will ensure you’re financially independent and secure.
1. Pay tithing to charity. Lots of gurus out there say that you need to pay yourself first. I say, pay others first. Take a little percentage of your paycheck and give it to charity. If you think you can’t, give 1% for a while. Then, when you see the blessings that come from contributing, give 2%. Etc.
2. Avoid Debt. The overall average number of credit cards per consumer is 4. Rule of thumb, just have 1, the ideal is 0.
3. Use a budget. Did you know that 40% of American families spend more than they earn. And what I’m going to reveal to you is a timeless principle. If applied, it saves your marriage. Will you do it? It’s called “budget”.
4. Build a reserve. Gradually build a financial reserve. Gradually means maybe 1% for some people, for other 10%. Work with what you have.
5. Teach your family. Teach your children the value of work and the value of money. Statistics again show that more than four out of ten young adults between 18 and 21 own a credit card. And after parents are yelling at them for not being responsible for their money. Well, I’m sorry but it’s a parent issue. Parents, teach your children.
#NLP #Steps #Financially #Independent
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