How To Be financially Literate and Build a Business

Money is essential in today's world, everything you do in life as a price tag. People look for job security because they want to have the ability to buy what they want. No matter the pay at my jobs I never thought I was secure in my position or income. I realize the best way to ensure my money was to control it myself. Remember in the previous chapter we talk a little about starting your own business? It was not easy thinking that way, but I decided to create another stream of income for myself. The key is to focus on the end results, having a vision fuels your passion and keep your soul on fire. I push down that scared little voice inside my head to fight the person I longer wanted to be and work on the person I want to become. Now it was time to get smart about looking at money from a scientific point of view, not on my emotions to be financially free.

Financial studies take long hours to master, hard work through trial and error of implementing what you have learned. If you do not know what an asset is and what are liabilities now is the time to find out. First, learn about your liabilities, cars, home, and yes even the people in your life can be a liability. They all cost you money, money you work for and usually have no returns. My favorites are of course assets; these guys make your money every time you invest in them. A rental property could be an asset, investing in new technology for your business is an asset to your company. Assets can be part of a good debt to build your business. Don't worry about the cost for now, because it is an investment you looked at the numbers and already check the facts, so you are solid on the returns. Do what the rich do, stop following the crowd, get the facts and make your decisions. There is no big secret to wealth, it all lies in your financial intelligence.

Managing money is one of the hardest skills I ever had the pleasure of learning. Do you know how much of your paycheck you keep after ALL your expenses for the month?

Take your passion and make it a career choice

The first step to starting your business is planning, write a business plan that is particular to the business venture you choose. Once you have something that makes you heart sing every day build a future around that passion. Most of us have the potential to be great, it all depends on the individual's determination to be successful. Your career options in today's world are unlimited, take yourself out of the box and start looking at those options.

What are You Passionate about achieving in Your Life?

How To Grow out of Financial Childhood Mindset

Growing up I remember never wanting to spend the little money I would receive from family members. I was never a material girl, so materialistic things never had much value to me. I would have $5 for weeks and because I had nothing to buy it would stay in the wallet.

The damage came when I got older, others around me would ask why do I save money when it is for me spend. I started thinking that 'why not just spend it, I can always earn more.' After l began working in a high school, I would make over $450 every two weeks, and it would not be enough. For a high school kid without a mortgage or car payment, I should have thought about saving that money. Instead, I would go out with friends and spend money without thinking, buy gifts for family members without worrying about the cost on my credit cards. The only thing that was getting me was further into debt with me not aware of the financial struggle ahead. Now I know what a precious commodity time is I regret all those hours I wasted seating around complaining about being bored.

I can say I would not change my past experiences over the recent years because they shape who I am today. The difference today is knowing that making a commitment to financial freedom means changing old and poor financial habits. One of my favorite pastimes is working out, whether it is strength training or running, even a little morning yoga leaves me feeling rejuvenated. I have learned discipline and restraint from taking care of my body; once I started seeing results, I knew I could implement the same tactic in my everyday life. I started planning, keeping up with my expenses, and learning how to grow my wealth.

I recently began working 20 hours a week in a span of four days, so I schedule the rest of the week to focus on my business. I am in the beginning stage; every day I plan out a schedule to use my hours wisely. I create an action plan for the week, and I set breaks to ensure I don't burn out. I wake up at 7 AM to get ready, In the morning I take the time to stretch, meditate, and take care of myself.

Developing my plan did not only involve a plan to start working on my business, but I also started resting properly, getting proper nutrition, and living a more balanced lifestyle. It is important to balance out working and taking the time to relax and enjoy your life. Your body is a working machine itself; you need to keep it well oil and properly feed to keep your energy up for the day. One of my practice is holding a 28oz bottle of cold water on my desk to drink throughout the day. I refill it about three times for the day to make sure I stay hydrated. Now I could focus on building my business and keeping myself healthy.

After three years in debts with no job or money to support myself I realize that keeping up with my finances was crucial. I grew up from that childhood mindset of spending more than I earn and building debts that I was not able to pay. Growing up involves more than just being able to drive a car, or be in control of when and where you go out. It is a whole new world where you are responsible for yourself financially. Planning to be financially free takes works, planning, creating an action plan to follow to achieve success. Taking the time to acknowledge bad habits and behaviors is the first step to making a lasting change. Make sure to monitor your daily activities to ensure that you are following through with your new commitment.

Changing your life to gain financial freedom start with you making the decision to take control of your life. Financial freedom is not easy, but worth every effort that it takes.

How to Gain Financial Freedom Starting With the Basics

Financial freedom is something that just about everyone dreams of every day, but only a handful ever achieve. In today's society, everything in your life cost money, home, travel, food, and even water comes with a price tag. Financial freedom allows you to live the life you a have always dream about with no worry, stress, and plenty of time to spend with the ones you love. People always say that money does not bring you happiness; they are right money by itself can't make you happy. The reason you need money is to allow you the freedom to live a luxury lifestyle.

Gaining financial freedom is not just luck, it's not magic, it is knowledge, the financial knowledge that allows you to make educated decisions to win! You need to use the right tools, acquire the right information and methods to achieve success.

Creating financial freedom is not easy by any means, the lessons, practice, errors, and time it takes is exhausting, but then again so is working 8 to 12 hours a day for over 40 years. You want to fix your life, gain success, and improve your future right? It all starts with the basics.

It is crucial to start with the basics in anything that you want to accomplish. You need not only to be aware of them but understand them fully. The basics will the be your foundations, just like any structure that's built on a strong foundation you will be doing the same. Building a healthy individual to reach financial freedom starts with a strong foundation in you.

Let us build a guide to learning our four Basics to continue on the path to financial freedom.

Examine yourself:

It is important to consider yourself as an individual and be honest about what you find to be successful. Personal traits are what we are talking about, analyzing your personality. Think of the good and the bad to see yourself as others around you do. Examine your attitude towards the world, do you see your glass as half empty or half full? If you feel like you are entitled to great wealth go out a create it with knowledge and working smart. Walking around being negative about your life only make people feel uncomfortable when they are around you. You will push people away from you and close a lot of doors and opportunities along with them.

Mental clarity is important to accomplish anything you do, and when it involve money you need it more than ever. Your mental state may not seem important when it comes to gaining financial freedom, but it is a part of your life that can make or break you. Hindering one's success with self-dought and low self-worth is possible. You need to see yourself as valuable before anyone else can.

Stop Negative Thinking:

Those negative thoughts as got to go! Whenever you think something can go wrong, or you are not worth it, you are bringing bad luck your way. It never helps to think poorly of yourself in any situation; you need to have pride and believe in yourself. When have you ever looked down on yourself and it has made your circumstances better? Use a mental mind trick if you will, allow yourself to believe that the situation is going to work out. When you set your mind to win the action you take will mirror your thoughts and gain you success. Personal growth to gain financial freedom is about first believing you can succeed in your current predicaments to achieve the finances you need to be financially free. Getting negative thoughts out of the way allow you the freedom to dream big and take actions.

Know the true meaning of Wealth:

Many people make the mistake of thinking financial freedom is about having a lot of money. Erase that thought right now! Having money and having financial freedom are two different things. Your wealth dictates your financial freedom.

Wealth is "The number of days you can survive, without physically working (or anyone else your household physically working) and still maintain your standard of living." from Rich Dad's Cash flow Quadrant

In other words, you need to create wealth that takes care of itself and you without having to do physical labor. It is important to understand that wealth can come to anyone, the key is keeping that money and continue to build a prosperous future. You need to be responsible, smart about the actions you take that delivers a fruitful future.

Understand That you should think of others:

It is true that money alone has never made anyone happy, but it does make life easy to enjoy and the opportunity to give back to others. It is more than just being wealthy yourself, understand without other people you would have never reach your success. Take some action steps to ensure your success and to make a difference in at least one other individual's life. Learn to fine tune your primary instrument, yourself! Take the time to improve your mental and physical health. Read more books, take classes to improve your knowledge, improve your nutrition for better health. Make the commitment to living a healthy lifestyle overall to achieve your dreams in life. Develop those skills that you already have; you can never know too much in my opinion so always search for knowledge. Take your current skill sets, practice them every day for improvements, continue to find ways to improve yourself. Build loyal connections and set yourself up in a society where you are valued, respected, and loved for who you are and what you believe. Now you will be free and able to help those around you that need a helping hand in their life.

Helping others start with your building yourself as an individual and then lending a hand to those in need. Go and build your empire and give back to the world that as giving you so much. A positive outlook on life brings you great happiness, stay focus, active, and keep your joy while gaining financial freedom.