Make a decision to become financially independent
Set a goal to achieve a certain amount of money by a certain date then set sub-goals 2years, 1year, 6months, 1month.
Make a detailed monthly plan of how much you are going to earn, what you are going to achieve, and what you are going to save or invest.
Savings – is what you put aside for a rainy day ideally 3months salary
Investment – what one dues at the expense of today in order to enjoy tomorrow
Break Parkinson Law – Expenses rise to meet income spend 10% – 20% less than you earn.
Get out of debt and stay out of debt
- Continually look for ways to increase and add value to what you do
- Never give up, wealth accumulation is a steady process, it requires tremendous persistency and consistency
- Be a continual channel of Blessing
To become financially Independent, You must turn part of your INCOME to CAPITAL, turn CAPITAL into ENTERPRISE, ENTERPRISE into PROFIT, PROFIT into INVESTMENTS which gives you passive INCOME for financial Independence
This article was written by Bibi Bunmi Apampa an empowerment coach at www.EmpowermentCentre.co.uk