travel news: Guide To Financial Freedom ? AUTO INSURANCE CAR INSURANCE

Monday, July 11, 2011

Guide To Financial Freedom ? AUTO INSURANCE CAR INSURANCE

Ever dreamed of how to achieve?financial freedom and create financial freedom and retire early?? Ever wanted to go on vacation? forever? This is a frequent goal that many desire, but few will ever accomplish.? How would you support yourself anyhow? No matter how hard you might try, the ?job? always seems to appear like the saftest option, right??? Does financial freedom always seem like an elusive fantasy?? Is there a way to change your fate and not have to trade your time for money anymore?

The secret to real financial freedom is to increase your income and reduce your expenses.? This may not be as tough as you might think.? All it takes is some discipline, some will power, some wise decisions, and a few tips.

1) Live Frugally

Live within your means? without chasing after useless things that will just end up in a garage sale.? Cook your own meals instead of regularly eating out.? You will be taken aback at how much money you will have saved.? Financial freedom is linked to avoiding excessive consumptions.

2) Reduce Your Expenses

Be cognizant of your cash outflow.? Track your expenses and compare them to a pre thought out ?financial freedom? budget.? You must commit to managing your common expenses if financial independence is your objective.? Do you really need the most expensive option for cable?? Do you truly need yet another pair of shoes?

3) Get Out of Debt

When you reduce your recurring expenses, you will free up some financial resources for other things. Debt is slavery.? Financial freedom includes liberation from consumer debt.? Increase the payment on your credit cards with your extra money.?? Begin with the credit card with the highest interest rate.? This will quickly reduce your interest expense, and it is like earning your credit card?s interest rate on your own money, since you no longer have to pay them that interest payment.

4) Save For Your Retirement

Once you begin repaying your highest interest rate credit cards, there will be an even more significant increase in your excess monthly cash flow.? Start putting that money into investments that can generate even more excess income.? It is most helpful to find investments that are scalable, so that you can add more funds to them at will, and have your next dollar earn the same return as the previous dollar.? You create financial freedom when your passive income exceeds your living expenses.? Make money your slave, don?t be a slave to money.

5) Invest In Your Retirement

Scour the earth for investments where you can removed risk from off the table soon, while making an attractive return.? Certain managed investment accounts can accomplish this.? These are game changing financial freedom tools.? The main risk to manage is risk of loss of investment principle.? When you?ve removed your original investment principal from the investment, you?ve completely removed that risk out of the equation and your money in that account is now growing for you practically risk free.

6) Have a Goal For Your Retirement Date

What the mind can conceive and believe, it can achieve.?? Your main financial levers for getting there are 1) the amount of investment capital you are working with and 2) the return on your investment.? When planning your financial freedom, start at the end and work backwards, to calculate how much return you think you?ll need to get, and how much money you?ll need to start with.? Can you get only 4% return or can you get a 60% return? Some currency trading strategies can perform at these higher levels.? Or perhaps, can you use $100k of other people?s money, or must you only work with your own savings?? Once you determine those two factors, you can then begin looking for ways to gain access to that amount of capital and get that target rate of return.

7) Control Your Retirement Expenses

If you have your house and cars completely paid off, you might not actually need very much income in order to retire early.? This is especially true if you retire in a place like Costa Rica.? You can live very well there, on a modest budget.? The more residual income you?ve been able to put in place, the more places you can live, for whatever length of time you choose.? This is financial freedom.? By executing the above financial freedom plan you will be pleasantly surprised at how much you residual income you can actually establish.

By adhering to to the above financial freedom plan, you will see a drop in your recurring expenses and an increase in your monthly left over money.?? Then use that extra money to rapidly reduce your debt expenses.? Remember to save an amount for investing. Plan your retirement goals by beginning with the end in mind.? Be disciplined in living within your means and financial freedom will become your reality.