KNOW WHAT WILL MAKE IT HAPPEN
7 TRUTHS TO START WITH…
KNOW WHERE YOU ARE?
– DON’T IGNORE A FINANCIAL HEALTH CHECK
– MAKE A LIST OF ASSETS | DEBTS & SAVINGS
> NO NUMBER SHOULD WORRY YOU!
– ALL MESS CAN BE SORTED
= SOME IMMEDIATELY | SOME TAKE A LITTLE MORE TIME
LOOK AT MONEY POSITIVELY
-PAST EXPERIENCE WITH MONEY CAN BE BAD
– YOU MIGHT FEEL GUILTY ABOUT HAVING IT. – OR-
– GUILTIER FOR WANTING IT
DON’T LOOK AT MONEY NEGATIVELY…..
WRITE DOWN YOUR GOALS
– WANT TO GET RID OF DEBT
– WANT TO ESCAPE THE 9-5 GRIND
KNOWING WHAT YOU EXACTLY WANT (in NUMBERS) will Make YOU ACHIEVE IT…
TRACK YOUR SPENDING
– HAVE SEPARATE ACCOUNTS FOR INCOME | SPENDING |INVEST
– CHECK HOW FAST THE SPENDING ACCOUNT EMPTIES
– REFILL IT WHEN REQUIRED FOR NEEDS
– ANY SAVINGS AT THE END OF THE MONTH GOES TO INVEST
PAY YOURSELF FIRST
MEANS?
– LOAD UP YOUR SAVINGS ACCOUNT BEFORE PAYING BILLS
– AFTER YOUR SAVINGS – COMES YOUR BILLS PAYMENT
BUY EXPERIENCES NOT THINGS
LIFE IS SHORT & NOT ABOUT HOARDING THINGS & CASH
– WHAT IS YOUR HAPPIEST MEMORY? IS IT BUYING A THING OR SPENDING TIME DOING YOUR HOBBY?
– WHAT IS YOUR LIFESTYLE – DOES IT SUCK?
CREATE ADDITIONAL SOURCES OF CASH FLOW
– THE SPENDING ACCOUNT IS RUNNING OUT FASTER
– NOTHING IS LEFT IN THE ‘INVEST’ ACCOUNT
– RUNNING HIGH DEBT? EMI PAYMENTS
ANSWER – BUILD PASSIVE INCOMES IMMEDIATELY