It doesn’t matter where on the planet you live, right now the number one thing that is stressing the average person and their loved ones is money.
Today we’re going to give you just three things that you can do right now to change your personal financial picture. Then we show you how to implement them into your daily life and the results you will enjoy if you are consistent and persistent.
Step 1. Do not take on any more personal debt.
The most financially successful people do not use personal debt. They always pay cash for whatever they buy for their personal needs and use. They will however, use debt to finance investments on occasion, but that is not what we are talking about today. We are talking about you, reducing your stress load, and gettin you permanently into a stronger financial position.
The reason is simple. Keeping you in debt is how banks make money. The more debt you use the more credit you will need. That translates into more interest paid and more revenue created for the bank. While you are spending another sleepless night wondering how you are going to cover all your bills, the bank is resting securely knowing that they have another income stream to fund their bank. YOU!. Let’s turn that around.
Step 2. Start living within your income.
We know, this can seem really difficult at first. You have been used to living a certain way and now you are going to have to cut back. Potentially a lot. Don’t worry, in the next section we have an easy trick to help you, but for now we need you to put away your credit cards. You are not going to need them anymore. Instead, you are going to use a debit card, free gift cards, coupons, and potentially even do a little bartering.
Remember, everyone is in the same boat right now, but their needs may be different and you may have just the solution to their biggest headache. This is also a tremendously beneficial move for small business owners not only now, but in the long term as well. Creating a mutually beneficial exchange to help both of you. Free gift cards can be earned online and then used to purchase household supplies.
Step 3. Create a new revenue stream.
Something we learned years ago was this simple money management tip and it was life altering. You can have anything you want, just create the revenue stream to fund it first.
Let’s say you always dreamed of having a specific type of super car. Now problem. Just follow these steps.
- Pick out the car you want and all the features you would enjoy.
- Figure out how much it would cost to purchase.
- Get details on how much insurance, regular maintenance, and fuel would cost monthly and then annually.
- Now create a revenue stream dedicated solely to the purchase, maintenance, and operation of your dream car. You will never have to worry about it again.
Perhaps a super car isn’t your thing. That’s alright. The point here is that you can have anything you want. It’s not what you want that is problematic. It’s how you go about getting it. From now on you can have anything you want, but you are going to fund it with revenue from a passive income stream that is dedicated solely to making your dreams come true, creating the life you actually want, and letting you sleep peacefully each and every night.
If you are a member of our newsletter community we have even more empowering help to get you back on track and financially secure. If you have any questions along the way please feel free to reach out to us. We are happy to help.
Your First Step Towards Financial Security!
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