STEPS TO FINANCIAL FREEDOM

Steps to financial freedom:-

In this chapter, you will be convince that you will not derive lasting fulfillment by working for money instead of discovering why you are here on earth and putting everything in you to achieving that purpose. Make decision to take inventory of your talents and taking steps to develop them fully to the glory of God, then you will out that to slave for money is out of the way.

There are so many issues at stake here that you need to work on them and arrive at some conclusions. However, there is the question of management of money, career, there is the question of ego but every word you notice on this articles can be sorted out following this steps which I am going to explain to you because your success lies in aligning yourself on the positive side of each of them.

1 Know the state of your financial health:- This is the starting point for financial freedom because you can have an enduring cure for an aliment you know nothing about.

2 Creates a column for God by paying 10% of all your income as tithe so that he can sanctify the remaining 90% and if you don't believe God exist which is not sensible, you should donate the 10% to charity.

3 Take out 10% of your money and put it in any investment vehicle that pays return higher than inflation rate.

4 Take full control of the way you spend money by recording every kobo spent on any transaction and every kobo that flows into your pocket.

5 Prepare a financial freedom plan stating when you want to retire and what level of investment you must have at retirement that will generate a enough return to take full care of your retirement expenses.

6 Look for a mentor on whose feet you must sit to learn about personal financial freedom. Look for individual who will stand by you on spiritual and emotional matters.

7 Invest in your minds and brain more than you invest in your physical appearance because what you do in the inside determine how far you can go out side

8 Develop alternative source of income to your salaries. You can not be wealthy by working for boss alone. Use your spare time profitably.

9 Take an insurance policy to absorb any unexpected emergencies.

10 At least, you can take your spouse into consideration in any financial decisions you want to make. This can saved you from un-necessary heart-ache or head-ache.

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