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You Have More Money Than You Think For Achieving Financial Freedom

April 23, 2012 | Comments: 0 | Views: 227

People seeking financial freedom often assume they need more money to get the results that they want. However, just about everyone has more money than they realize, the problem is the way they're managing it. One thing you'll find that makes all the difference between people who are broke and people who are well off is that well off people get more value out of the money that they have.

Let's look at a few ways that you can PROVE to yourself that you have more money than you think for achieving financial freedom and for building wealth...

The 90 Day Cashflow Management Test

If you have no written plan for managing your cashflow, you owe it to yourself to try out this simple plan for at least 90 days. I assure you that this will be more than long enough to make you a believer. It's called the four bucket personal cashflow system:

1. Invest the first 10% of your income

2. Give the second 10% of your income to a charitable cause

3. Lay aside 10% of your income for future cash purchases

4. Pay your expenses with the remaining 70% of your income

Of course, the initial response to this is that you can't pay your bills with only 70% of what you're making. This is what leads people into the trap of thinking: "I'll start investing once I make more money." The problem is that if you're in the habit of spending everything that you make now, you'll keep that habit even when you start making more money. Just think about a time in your life when you were making LESS money than you were right now...how were you still getting by?

You were finding a way, because you had no other option. In the same way, setting aside the first 30% of your income to invest, to give and to save puts you back in a position where you HAVE TO live on just 70%, and you'd be amazed at how easy this becomes once you make that commitment.

What Will Happen During the 90 Days?

If you do decide to work this simple 90 plan towards achieving financial freedom, you'll find that your confidence and peace of mind will rise. You'll start to feel more in control of your financial life and this new sense of control will cause the majority of your money worries to disappear. So try the four bucket personal cashflow system and enjoy getting on your way to financial freedom.

Before you spend any more money, download this FREE personal wealth building report. Discover the simplest way to achieve financial freedom through the use of Powerspending.

Source: EzineArticles
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