|
yahoo finance july 21 guide
7 Power Habits To Guarantee Financial Independence by: Daegan Smith
Are you always running short of your funds? Do you still have to borrow money sometimes to at least live comfortably? Do you get to pay your bills on time?
If you answered mostly yes, then you are in danger of being financially unstable. You cannot afford the things you want and sometimes, even the things you need. Don’t go sulking out there! You better move your body. If such is the case, better tell yourself that you cannot afford to be that way always. You have to be financially independent.
What is financial independence? Financial independence is the capability to determine and support yourself through your own endeavors. There are 7 ways or habits for you to follow to gain financial independence. With the right attitude and the proper goal in mind, you might just find yourself beaming with pride because of your achievement.
1. Keep a focused vision
Start with a vision. What is your vision for your life? Where are you definitely heading? You want financial independence. You want to be able to stand on your own and have a more stable and secured life, for yourself and for your family.
Keep that vision in mind. Hold on to it as you start to realize that vision. The choices and decisions you will make in the future will have to head to the direction of your goal. Return to that vision when things get doubtful or tough.
2. Invest your money wisely
Generate income. Your income will be the financial foundation of your vision. This will basically come from your job’s income, but don’t settle with that.
Aim to increase your income. Invest your time, money and effort into a beneficial enterprise. Start a business that you feel passionately about and make sure it will work. Think carefully of every detail in your enterprise and work on it. Do not settle with good enough results. Aim for excellence, quality and integrity to succeed.
3. Save up
Start a fund for your future. Allot a percentage of your present income to savings. Do this at the start of each month, before you go ahead. This will avoid the enticement to buy, buy, buy. It will also teach you how to properly budget your money for necessary expenses.
Money in the bank could also earn interest. Although it is not considerable compared to a good investment, it is still a good way to keep money for your future. Just make sure you maintain the money in your savings account. Avoid touching it unless it is really necessary.
Give value also to your coins. Every single cent matters. All of those scattered coins you have there could comprise a few dollars. Even if it is considerably small amount,
Money XLive Brings Together Sport Stars, Celebrities and Entertainers to give High School and College-age Youth a Practical Financial Education Financial illiteracy is condemning many young Americans to a lifetime of hardships. The Money XLive event, taking place at the Grove of Anaheim on February 27th 2009, promises to give today's youth an exciting way to pick up critical financial education lessons. Money XLive brings together sport stars, celebrities, live bands in a full concert venue to give high school and college-age youth real world financial literacy training in a way that educates and entertains. (PRWEB Jan 8, 2009)
Read the full story at http://www.emediawire.com/releases/2009/01/prweb1828724.htm ]]>Branded Marketing Taps Former MasterCard Director Of Hispanic Marketing Sandro F. Oré As Chief Marketing Officer Branded Marketing, founders of the Pr1macard Prepaid MasterCard® family of products by 1-800-Tarjetas.com™, one of the fastest-growing prepaid cards in the country, today announced the hiring of Sandro F. Oré as Chief Marketing Officer. Oré comes over to the financial services firm after a successful run as Director of Hispanic & Prepaid Marketing for MasterCard. (PRWEB Jan 8, 2009)
Read the full story at http://www.emediawire.com/releases/2009/01/prweb1831444.htm ]]>
it will still find some use for that.
4. Spend wisely
Don’t spend all your earnings. As they say, don’t earn to spend. Buy only things that you really need. Tighten those belts for now as you bank for a more secured future. Choose to live simply. Forget the need to show off on other people that you can afford. If you want achieve financial independence, you must hold on to your money as much as possible.
Avoid incurring debts as much as possible. Take control of your finances as much as possible. Credit cards for example could hold you locked in a desperate state. You could be getting what you want now through that credit card, but imagine yourself giving the bulk of your income for interest payments! Make ends meet in the meantime for later on in life, you will surely afford to be leisurely.
5. Keep contingency plans
You must plan ahead for events in the future. Have contingencies. Make certain that your financial assets are secured. At this phase, it is a good option to get an insurance policy. Insure your life, health and property, even your loved ones.
Protect your interests whenever you enter into any engagement. Make sure that your endeavor is legal, that you are financially capable, and that it is feasible within your means. This way, you will have optimal performance and desirable results. You could prevent harmful losses in the long run.
6. Take care of yourself
Health is wealth. The only way for you to achieve your dreams and be able to stand on your own is when you are physically and psychologically able to do so. Have regular check ups with your physician. Have a healthy diet. Exercise Regularly. Health will be your asset to achieve financial independence. Only a good physical standing would allow you to enjoy the fruits of your toils today.
7. Be Unstoppable
You must keep yourself focused to achieve the goal of being financially independent. Do not let yourself be distracted by whimsical desires. Do not spray. Do not procrastinate. Every cent and every minute counts as what you do today will have a lot to say on what you will have in the future. Take advantage of every opportunity that will come your way. Keep yourself confident.
Tell yourself, you will not be a loser in this game. You have to make it!
About the author:
Daegan Smith is the leader of the fastest growing team of successful home business enterpernuers on the net. Find out how we're creating financial freedom all across the globe and how to get in on the action FREE =>http://www.comlev.com Team Blog: http://www.turnkeyinternetbusiness.blogspot.com
Circulated by Article Emporium
Here are some more finance articles...
Are You Wealthy Yet? by: Al Walker Here's a real simple way to become wealthy. Marty and his wife live at home with their 2 children. They own a 3 bedroom house in a middle class neighborhood and try to live Read more...
|
15 Construction Loan "inside Secrets" To Building Your New Home by: Rick Gomez 1. Which construction loans are available and which one should you apply for? Home loan banking and the internet has changed the mortgage and construction loan industry Read more...
|
A Few Thoughts On Securing A Bad Credit Mortgage Loan by: Kevin Erickson Over spending, the endless nights of partying, eating out and more or less buying everything on a whim, has most likely put a dent in your financial situation and will affect Read more...
|
| yahoo finance july 21 news: |
Money XLive Brings Together Sport Stars, Celebrities and Entertainers to give High School and College-age Youth a Practical Financial Education
Financial illiteracy is condemning many young Americans to a lifetime of hardships. The Money XLive event, taking place at the Grove of Anaheim on February 27th 2009, promises to give today's youth an exciting way to pick up critical financial education lessons. Money XLive brings together sport stars, celebrities, live bands in a full concert venue to give high school and college-age youth real world financial literacy training in a way that educates and entertains. (PRWeb Jan 8, 2009)
Read the full story at http://www.prweb.com/releases/2009/01/prweb1828724.htm ]]>
Branded Marketing Taps Former MasterCard Director Of Hispanic Marketing Sandro F. Oré As Chief Marketing Officer
Branded Marketing, founders of the Pr1macard Prepaid MasterCard® family of products by 1-800-Tarjetas.com™, one of the fastest-growing prepaid cards in the country, today announced the hiring of Sandro F. Oré as Chief Marketing Officer. Oré comes over to the financial services firm after a successful run as Director of Hispanic & Prepaid Marketing for MasterCard. (PRWeb Jan 8, 2009)
Read the full story at http://www.prweb.com/releases/2009/01/prweb1831444.htm ]]>
|
|
|
Site Navigation:
|
The interesting feature is a new approach to finance. (Function)
|
Links & Resources:
Money XLive Brings Together Sport Stars, Celebrities and Entertainers to give High School and College-age Youth a Practical Financial Education
Financial illiteracy is condemning many young Americans to a lifetime of hardships. The Money XLive event, taking place at the Grove of Anaheim on February 27th 2009, promises to give today's youth an exciting way to pick up critical financial education lessons. Money XLive brings together sport stars, celebrities, live bands in a full concert venue to give high school and college-age youth real world financial literacy training in a way that educates and entertains. (PRWeb Jan 8, 2009)
Read the full story at http://www.prweb.com/releases/2009/01/prweb1828724.htm ]]>
Branded Marketing Taps Former MasterCard Director Of Hispanic Marketing Sandro F. Oré As Chief Marketing Officer
Branded Marketing, founders of the Pr1macard Prepaid MasterCard® family of products by 1-800-Tarjetas.com™, one of the fastest-growing prepaid cards in the country, today announced the hiring of Sandro F. Oré as Chief Marketing Officer. Oré comes over to the financial services firm after a successful run as Director of Hispanic & Prepaid Marketing for MasterCard. (PRWeb Jan 8, 2009)
Read the full story at http://www.prweb.com/releases/2009/01/prweb1831444.htm ]]>
|
|