Creating Financial Freedom One Step at a Time

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Dr. Purushothaman
October 16, 2013

Creating financial freedom is the dream of many, the goal of some and the reality of a few. Your dreams do not become reality until you set goals and take action. That is why more people aspire to financial freedom than experience it. Are you there yet?

Perhaps the more important question is whether you are taking steps to get there yet. Now here is thought for your morning jog. What are you doing TODAY that is part of your plan for creating financial freedom?

If your answer is nothing, you really need to read the rest of this article. If you know where you are going and how you plan to get there, go straight to the bottom of the article and check out the resources section. Don’t waste your time. Get moving.

Think about that morning jog. How do you run a mile? One step at a time. One foot in front of the other. I don’t want to be too simplistic but creating financial freedom is accomplished the same way. One big difference is you already know how to run and where you are going and it is easy to tell when you get there. To achieve the financial freedom you crave in a time of economic downturns you really need to pay attention.

Give yourself about a half an hour this week to think. Make a list of what you need to do to reach your goal of financial freedom. Make sure the steps you are taking are “income producing” steps and not busy work like reading and answering emails.

My grandfather was an old school money person. He kept things very simple. You can get more sophisticated advice from financial mentors, but you can’t get much closer to the basics than his approach.
Spend less than you earn(except when you first start your business).
If you are in debt, get out and learn from it.
Keep track of what worked and do that better.

If you have no idea how much money you make or spend, keep better records. Set your goal, use your time as money and your money as time. Treat them both with respect.

Millions of people in this world manage to live within their means and some simply have no choice.

It is almost that simple to follow your path to creating financial freedom when you actually do take it one step at a time. Look at small mistakes or short comings as something you have learned and not a failure. These so called “failures” should be viewed as 1 step closer to success.

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