One goal that we all have in common is that we all want to make more money. However, only a small percentage of us actually achieve the financial freedom we long for… We all want to have enough money so that we never have to worry about money again. The only question is, “Are you ready to do it or not?” The good news is that there are more people achieving financial freedom faster today than ever before. Through proper financial planning and making it a goal to improve your personal finances, you can become one of them too.
The 7 Point Formula For Financial Freedom
Here is a seven-point formula that you can use to help accumulate wealth, become happier, and achieve financial freedom in the years ahead.
1. Begin To Think Positively About Money
Part of becoming rich involves thinking positively about money. Thinking negatively about money is an emotional obstacle that you must eliminate in order to achieve financial freedom. You must eliminate the thoughts that having more money leads to evil or that money can’t buy you happiness. When you begin thinking positively about money, you will attract opportunities and open up more doors than you ever thought possible.
2. Rewrite Your Major Goals For Financial Freedom
Set financial goals for yourself. Rewrite and review your goals on paper every day and think of how you could accomplish them. This will take you between five and ten minutes. The very act of writing and rewriting your goals, and thinking about them each morning before you start off, will increase your chances of accomplishing them.
3. Plan Every Day In Advance
Plan every day in advance. The best time to do this is the night before. The very act of planning each day, each week, and each month in advance will make you far sharper and more precise at everything you do. You will find yourself with better focus and a greater sense of self-control and personal power when you work from a list. When you plan every day in advance you will be better able to control and track your spending habits as well. Plan how much you have to spend for the week, the month, the year and decide where you will be able to save.
4. The Principle Of Concentration
Concentrate single-mindedly, every hour of every day, on the most valuable use of your time. The principle of concentration is absolutely essential to achieve financial freedom. Virtually everything you do in terms of goal setting and financial planning is aimed at enabling you to determine the one or two things that you should concentrate on more than anything else. Your ability to develop the habit of concentration will do more to ensure your personal finance success than perhaps any other skill or habit you can acquire. The things you focus the most on and spend the most time doing should be in direct alignment with your financial goals.
Spend your time focused on what will make you the most money.
5. Invest In Yourself
Listen to audio programs in your car. The average person spends 500 to 1,000 hours per year behind the wheel. By turning your car into a university on wheels, you can become one of the most knowledgeable and most skilled people in your profession. Purchase courses on money management, read books on personal finance, and find articles online about money.
Very soon you will have so much knowledge in the area of money that people will come to you for advice.
6. Ask Yourself These Magic Questions
Ask yourself the two “Magic Questions” after every meeting and every event of importance in your life. The first question is, “What did I do right?” And the second question is, “What would I do differently, next time?” By reviewing your performance immediately after every meeting, sales call, and presentation, you will become better and better, faster than you can imagine. The answers to both of these questions are positive. By reviewing what you did right and what you would do differently next time, you program into your mind a predisposition to be even better the next time out. If you take a few minutes and write down everything you did right and everything you would do differently immediately after a call or presentation, you can double and triple the speed at which you learn and grow and improve in your work.
Improving yourself and your quality of work will, in effect, improve the money you make.
7. Be Generous To Others
The final point is to treat everyone you meet like a million-dollar customer. Treat every single person, at home and at work, as if they were the most important person in the world. Since everybody believes that he or she is the most important person in the world, when you treat them as if they were, they appreciate your recognition and acknowledgment more than you can imagine. It is a proven fact that being a more generous person will help you attract more wealth and become a happier person.
We’ve often heard it said, “money doesn’t buy happiness”.
But, the truth is that:
- Money is essential to happiness.
- Material prosperity predicts life satisfaction,
- And the more economic status we achieve, the more we’ll feel satisfied with our life.
Not only do our measurements of happiness rise as our income rises, so does our sense of well-being and life satisfaction. So, by choosing to focus on money goals that motivate you, while also embedding a positive mindset towards money, towards yourself and life in general, you will help to achieve both increased wealth and happiness. And when you get there – evidence clearly shows us that being generous with our money makes us happier – and richer!
How To Save Money And Achieve Financial Freedom
Did you know that the decisive factor in the achievement of financial freedom is the development of specific habits?
Well, it is.
In fact, most self-made millionaires have already learned these habits and as the result of practice and repetition, have reached financial freedom.
This is great news!
Because you can learn to save money and think like self-made millionaires to become financially independent yourself.