Monday, February 16, 2009

Escape Poverty and Find Financial Independence

The first thing to do in your journey to financial independence is to take 100% responsibility for your entire life and all your actions. Do not blame others. If people keep you down, then move away from them.
The second thing to do in your effort to become wealthy is to study the laws of cause and effect as they apply to your entire financial life. What things can you do to cause the things and conditions (effects) that you want? The first things that financially independent people do are to work hard, save money, learning new skills, read in their field, and start a business. Here’s how to get started on these things.
Apply yourself at your job. Be dedicated. Show up on time. Be on task and don’t cause trouble.
Living below your means is essential. How can you save more? How can you earn more? How can you earn a raise, promotion, or get overtime? Start listing things you can do to earn and save more. Start an emergency fund of three months living expenses before opening a brokerage account. By living below your means, you are moving to the head of the pack.
Reading in your field and learning new skills are as essential as putting away money. Go to the library and get some books, audios, or videos that teach you what you want to know. Learning about how to become an excellent salesman would be a great idea. Learning basic economics is essential. Or you could learn how to start your own business doing what you are doing now, if possible. Getting a degree would be a huge boon to your success.
Starting a small business, even a sideline business could be the thing to do. Take this business seriously. Take care of your customers and make sure the product or service is excellent. Always be looking for more customers. Learn about search engine optimization (SEO), marketing, and advertising.
Here are some “random” ideas for you to implement. It is important that you review your goals every day. Keep track of your progress and see what things you need to keep working on. Also, see yourself as the type of person who is on track to become a millionaire. Your self image is very important. Keep informed of major developments in your field. Take action on your goals every day.
Here are a few more “random” ideas. Resist the urge to think too big, act like a kingpin, or to make too big of a gamble. Be wary of detractors, and phony friends. If a person was unfriendly before and left banana peels for you to slip on, expect the same from them. Be wary.
I will leave you with this: dare to think outside the box, be open to new ideas, and don’t be afraid to go against the grain.

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