Financial Independence Success

Financial independence is having the freedom to support yourself through your own efforts. Here are seven fundamental habits that will help you achieve and maintain financial independence.

1. Express Gratitude
Financial independence begins with gratitude. You hear me say that a lot, in an attitude of gratitude. Set aside a daily period to offer a sincere thank you for every blessing in your life. Start your morning off with gratitude and end the day with gratitude. Include people, places, possessions, talents, and memories. Offer gratitude for your future dreams as though they were already in your possession.

Gratitude will allow you to attract the blessings you want. When they arrive, protect them from the thieves that could rob you of your financial independence.

2. Liberate Your Future
Debts of the past are thieves of the future. If you want financial independence, live a simple life style that does not create unnecessary personal debt. Living with class does not require being extravagant. If you are conservative most of the time, you can be extravagant at the right times.

Do not allow credit card companies to hold your future hostage. Take control. Use 1/4th of your income to get rid of credit card debt and other debt that robs you of high monthly interest payments. Borrowing is a tool that should produce a return on your investment, not cost your future security.

3. Commit to Wellness
Your health is the most valuable asset that you need to protect. Wellness allows you to manage and enjoy financial independence. Get regular physical checkups and maintain a sensible physician-approved exercise program. A simple walking routine is one of the best forms of exercise. Breathe deeply. These can help to minimize illnesses and maximize the rewards of a productive life.

Maintaining wellness requires an ongoing commitment. Another area of commitment that is equally important to financial independence is one of personal financial discipline.

4. Develop a Saving Discipline
A financially independent future requires saving, and saving requires discipline. As credit card debt diminishes, savings can begin to increase. An emergency savings fund of six to twelve months living expenses is a wise idea. It's a good idea whenever buying a new assest, to have six to twelve months expenses to cover that assets as well. Increase the months as you acquire more wealth. Some can over all their assests and living expenses for 20 years without one dime coming in. However, you will want additional major long-term savings plans for such goals as education and retirement as I mentioned yesterday.

Do not expect the government to take care of your financial future. If you want to remain financially independent, take ultimate responsibility for every chapter of your financial life. That responsibility begins with wise investing and respect for money.

5. Invest Wisely and Respect Money
As I was growing up, my father taught me to work and taught me the same skills he taught my brother because he said he wanted me to be able to take care of myself. He said you never know about the future and must do things while you can to protect the future. When his father died, his mother was didn't know how to handle anything. My father taught me to have several investments that produce an ongoing, passive income. This, he said, would allow me to remain independent if I were to become physically disabled. These investments are like "feeding geese that lay golden eggs". Passive income streams also provide additional capital to place in other financial growth investments.

Respect for money is the beginning of saving and investing. Respect for a dollar begins with respect for a penny. Take care of the little things and the little things will take care of you. You will always have dollars if you take care of your pennies. When I was given my first wealth penny, pennies started multiplying. I still carry it in my shoe. Even the smallest of assets and investments need protection.

6. Protect Yourself and Your Loved Ones
Making a commitment to protect the welfare of your family and loved ones is a trait that I see in all successful entrepruers. Ensuring the safety of your financial assets is part of doing this.
Adequate insurance coverage for your life, health, and property is a wise investment. You should also use professional legal, financial, and security services to help protect your business, property, and all the things you have worked to acquire.

7. Design Your Financial Independence with Professional Help
Seek qualified professionals to help you design your financial future. You do not need to be a financial expert to become financially independent, but you must become financially literate. Seek professional guidance from experts in financial planning, taxes, and accounting. These people can work with you to help you realize your financial goals. You need to stay in control but do seek professional guidance. Oprah says to this day she still writes every check and knows where every amount of money goes.

Begin today by seeking out professionals that can help you achieve your financial goals. Especially seek tax help in your country. I can give you a list of names of people who made big money and lost it to the IRS in America. Become financially independent in your own mind. Express gratitude for the blessings you will receive as if they were already in your possession. Avoid and eliminate unnecessary personal debt, and live a healthy lifestyle. Save with discipline, invest wisely, and respect your financial assets. Protect the assets you have worked to acquire, and you can enjoy the financially independent lifestyle that you have envisioned.

When I was in my 20's a millionaire friend was paying cash for his new home. I remarked that he should mortgage it. He said, he always paid cash for the home he lived in and his cars, business properties were mortgaged because our laws protect a person's home and car. If you own them out right, you don't owe anyone and don't risk being foreclosed. Just pay the taxes. Thru the years, the ones that have managed to weather the storms of life, have been the ones that followed these rules and saved.

To your success!