Best Finance Personal

The #1 reason people don’t have what they want is because they don’t know what they want. Clarity always leads to power.

The thing we all want is the power to choose and choice comes from being Financially Free!

Financial Freedom is living the lifestyle you desire without having to work or rely on someone else for money. This is achieved through passive income which is income without trading your time for money. The goal is to earn enough passive income to pay for your lifestyle. When your passive income exceeds your expenses, you are FINANCIALLY FREE! I focus on and specialize in teaching others to achieve Passive Income.

The first step is determining how much money you require per year to life the lifestyle you desire. To figure this amount, write the total amount you require per year and add 50% for inflation and taxes. For example if you require $100k/year your number would be $150k. Continue reading ‘A 6 Step Guaranteed Plan to Financial Freedom’ »

Switching from heedless spending to a controlled, budgeted way of life is really not easy. If people say it is easy, they are lying – whether they really mean to lie or not. However, the reason why people think budget living is easy is simple – after a while, it becomes a matter of habit. You do not stop to look into the video game parlor, you automatically reach for the drugstore brand of lipstick, and you get used to chipping away at debts and having a little in your account with every passing month.

Here is how to begin -

1. Chart your income. Look at the average income you have had over the past three months. Income includes wages and salaries, business income, tips, pocket money and even one-off payments for casual jobs such as cleaning your neighbor’s pool. If you had an income spike in one month, try to figure out what caused it – did you put in more overtime, extend better service, find an extra job, or an extra one-off assignment? Would you look for sporadic spikes in your income, or stick to a steady salary and opt for regular income increases? Continue reading ‘How Young People Can Begin a Budgeted Lifestyle’ »