Does not having to worry about monthly bills anymore just a fantasy to you? Do you wonder sometimes how it will be a peace of mind if money matters didn't matter? Wouldn't it be great if at this very moment your financial situation were in order? The answers to all these questions, my friends, are closer to reality than you think. Stepping forward ahead by using simple strategies will make a major difference in your personal finances just as it has for me. Financial success is an easy and simple process once you decide mentally that you must take immediate action!
For me, at first, the thought about having financial success was not easy and simple! The reason was because no one told me how to go through the process. Everyone told me how nice it was to have "extra money" just laying around, but didn't explain to me how to go about taking action. I started off while I was in college by not having a bank account, buried in $9000 dollars in credit card and loan debt, and having more bills to pay than money to pay for them. In other words, I WAS BROKE! But once I was finally told how to easily apply just 3 steps, my success in my personal finances was just a "hop, skip and a jump away." Just like it can be for you!
The 3 Easy Steps And How To Apply Them To Your Everyday Life
Stop Daily Procrastination And Start Now
So many individuals never start the process to financial freedom because they never decide to start today! For these very same people, tomorrow is when they decide to start. But when the next day comes, the decision to start is put off until the next day. Don't be one of those people! I'll admit financial success will take commitment, discipline plus patience. However the best way to accomplishing these tasks is by first believing in yourself. Determine in your mind that you must get your finances in order! By telling and reminding yourself this constantly each and every moment, the process of financial freedom will naturally become easier and easier. But you must first decide to act now. Do not wait until the next day or until you make more money to put things in order - DO IT NOW!
Take A Moment To Determine Which Side Your Money Is On
Take an honest look at where your money going. Where are you at financially? You can start your look by making a list of all your assets and your liabilities. Assets are those items that you own and can make money for you. Liabilities are those items you owe on. If your liabilities are more than your assets then develop a plan to reduce your liabilities. Make another list of the creditors and bills you owe on, and decide what amount you will pay each month to reduce the debt. Do this by paying more than the minimum balance due each and every month! Remember, it takes commitment and discipline to accomplish this important step to financial success.
Look For Ways To Constantly Increase Your Assets
Again, assets are those items that you own and can make money for you. Here are some simple ways to increase your assets to help you have more money:
Invest Monthly In Mutual Funds- Just a small amount each month (you decide how much) will help you to make your money work for you instead of working harder to make more money.
Invest in your company's 401 or stock participation plan- Most jobs offer either or sometimes both. Plus they offer financial records showing how much you have earned. Some even offer ways to invest by automatically taking whatever amount you request out of your check. Personally when I used this strategy I didn't even miss the small amount that was taken out.
Buy US Savings Bonds- Savings Bonds can be purchased through your local bank. Saving Bonds can be bought starting with just $50 dollars. With guaranteed profits assured, this is a good place to start.
Establish An Emergency Fund- An emergency fund can handle life's unexpected financial challenges. Put small amounts of money away until you have enough cash on hand to handle at least 2 to 3 months of living expenses. A helpful tip is to start a savings account to gain more money with interest.
Continue To Educate Yourself- College students go to school to learn more so they can earn more. So can you! Make it a habit to attend seminars on topics such as investing and personal finance. Most cities, towns and communities offer free seminars on these and other topics. Check your local newspaper for information to when and where these classes take place.
Remember, it takes patience. Gaining financial freedom won't happen overnight. In fact, most of the richest people in the world didn't just become rich overnight. But having a determined mind, total commitment, mind discipline and a positive attitude will help enormously to getting your financial situation in order. Take a good look of where you are at financially by determining how much you owe and finding ways to reduce those liabilities. Focus on increasing your assets, if only a little at a time, so you'll always have extra money aside you can rely on in case of emergencies. Stop daily procrastination and start getting your money matters in order now. The key to your financial success begins with YOU!
About the Author
Cornelus Postell has been in the financial industry for several years and has worked exclusively for several major firms. Cornelus is also the author of "Money Solutions That Works!" You can check out his book at http://www.solutionswerks.com/. Don't forget to sign up for his free training program, filled with uncovered hidden ways to gain financial freedom.