Tis The Season!!
Most people aim at nothing, so they hit it dead on the dead. Until you plan your personal financial future like you plan weddings, baby showers, graduations and birthday parties, you will never succeed financially. There comes a time when everyone in the family must “get on the same page,” but first you have to at least "pick up the same book.”
We should have 4 financial goals that we should start focusing on right away. Creating new financial habits and goals will help us succeed. Like so many others I struggled with this because I didn't have the knowledge nor did I have the means. What I didn't realize is that it doesn't take much to get started. The key is to get started.
That said, let me tell you how you can get started today. First thing is this, starting you financial journey! In your financial journey I want you to write down these financial goals.
1. Start your J.I.C fund - I call this our J.I.C - Just In Case Money because, life happens and situations arise! You need to have direct access within 24 hours to some money. You will want this to be around $3,000, because there is a whole lot of things $3,000 can cover in an immediate situation.
2. The second one is your EMERGENCY FUND - this amount should be able to cover 6 months of your current lifestyle. That means you write down what it costs to run your household per month and multiply that times 6 and that should be your target total. Enough money to sustain you in the event of a TRUE EMERGENCY.
3. Start or open an investment account. When you open an investment account you will start earning a higher return on your money than you will earn from a checking or savings account. We can talk about this one later, it is surly a good one! However, if you want to get a head start go to www.morningstar.com to begin your research, and when you're ready you will need to be able invest $2,500 to $3,000.
4. YOUR Freedom Goal! Your freedom goal starts with your Econ - your ability to use the strategies as a whole to help you reach your FREEDOM GOAL! What amount is required per month at what interest rate for you to land where you want to land in the time you deem necessary.
Now this of course will not happen over night, I know. But, know that this starts when you use the Cashflow Strategist a tool you receive when you sign up with myEcon, a personal financial success company that EMPOWERS you, providing you with the tools you need to shift your income.
Income Shifting is when you take money back from your expenses and SHIFT them back to you. By executing a plan of action you will be able to reach a goal that you didn't even think was possible. The training's available to you after joining myEcon are priceless and during this holiday season, membership is 40% off the original membership fee of $47.95 - for a limited time you can now join our community for $27.95.
I hope you've gained some knowledge from reading this.
Thank you for reading...
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