Six Steps to Financial Freedom

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It's very achievable to attain financial security and financial freedom when you follow these "Six Steps to Financial Freedom".

Have you heard of the book "The Millionaire Next Door"? The book states that millionaires, in order to build wealth, allocate their time energy and money efficiently. If you want financial freedom, you have to dedicate yourself to making the most of your money; you begin with a new way of thinking.
Increase Your Cash Flow: Ultimately the best way to increase your cash flow is to eliminate debt. You accomplish this by doing one of two things, either one works just fine, it's whatever works best for you:a) Earn more money than you spend b) Spend less money than you earn
Manage Your Debt: Proper debt management will help you save thousands of dollars in interest charges. Becoming 100% debt free is the key to becoming financially free.
Be Prepared for an Emergency: Creating an emergency fund is an extremely important step, but can be challenging for most families. A large number of families are just a single paycheck away from being broke, what happens when an emergency occurs...and they do at the most inconvenient time.
Be Properly Protected: Protect you, your family and your assets against loss of income.
Protect Your Estate: Take steps to have the proper instruments in place to preserve and protect your estate. Don't let it go to the government.
Build Long-Term Savings: Understanding how and when to start saving and investing is a big component. You'll need to consider such things as whether or not you should pay your mortgage off early or invest any extra money you might have.

Set a Goal to be Financially Free

The goal is simple: to have a large enough stack of money to meet your needs. You may need to lower your needs by eliminating debt or by controlling your spending habits.

Every penny counts - keep as many as you can in your own pocket, (by not having to make interest payments) and don't give it away needlessly.

Remember, your goal is financial freedom for yourself, not to help someone else achieve it.

Keep in mind the wisdom of Benjamin Franklin: "A penny saved is a penny earned."

Start now on your path to Financial Freedom by thinking a little differently and developing a S.M.A.R.T. plan:

Specific: Create a detailed, specific budget to live by.

Measurable: You need to determine the difference between what you earn and what you spend.

Achievable: No goal is worth anything except frustration unless it can be achieved. Set a date to be debt free and work your plan.

Results attached to a specific Time frame: Tracking your results gives you incentive to continue on your path. You will be able to see how your future will be impacted as you change your spending habits. You'll know when you will finally be debt free.

Stay the Course, life is full of unexpected situations; don't let them pull you away from your very worthy goal.

Richard L. Harter, the architect of the Lifestyle Equity Builder, has now brought the decision matrix and reporting systems form used by corporate America and made them available to families on a level which has never been available before. He brings great information and insights on his website http://www.lifestyleequitybuilder.com/ including the 6 Steps to Financial Freedom at http://lifestyleequitybuilder.com/financial-control// You can benefit from his wisdom.