Everyone is dreaming to become financially free, You can buy what you want comprise with the house, fancy car, travel, shopping, no worries and much more. The big question is how?Do you think ordinary people can do this?mostly during old times only rich persons know the secret on how to build a network but on Millennium era, many companies offered the secret on how to build a network starting a small capital.
We have 6 steps towards to financial freedom, The number one (1.) is self-discipline to increase cash flow. You are working eight hours a day with fix salary The remaining extra time make it more productive and use for part time so that you have an extra income that is going to be used for your daily needs.In this case, you can save more money in the future. You should increase your income and reduce your expenses as well.Don’t spend more than of your salary and buy only things that are badly needed.
2.) Debt management -Acceptance and finding solutions, Avoid the credits in order to be free from monthly payments with corresponding Interest.Mostly if you’re going to lend money from the bank! the interest rate roughly around 3 percent or higher. Applying this method can cause you more troubles financially, the best way is to control all your credits since many businessmen closed their businesses.Manage your credit and avoid if possible.
3.)Creates emergency funds at least three months of your income to be safe during a crisis, most of the people nowadays borrow money from other people.Is not too late yet to follow this steps especially when expected circumstances that can’t be avoided.We can’t control the situation, calamities happened everywhere, make it we are ready at all times.
4.)Provide proper protection, insured yourself through insurance companies that provide better benefits, Our bodies become weak when the time goes by. Our productive years begins from the age of 21 years old to 60 years old. We should prepare for that day will come to us. We can’t deny everyone become old whether you like it or not, that’s the cycle of life here on Earth.
5.) Build long term investment. If you have knowledge about rules of 72 by investing stocks market and the Interest rate from four percent (4%), eight percent(8%), twelve percent(12%) and higher.If you’re interested in this matter you can inquire to those who are involved in stocks market investment.
6,)Preserve your estate, all your money, network and real estate will be automatically inherited by your love ones. The most likely big businessman did this kind of setup for the protection of their families when they die.It is important to preserve it for the protection all of your assets.