Imagine what you could do in your life if you had financial
freedom. In the first article in this series we looked at taking
control of your current situation. Controlling your spending,
controlling and eliminating your debt, and starting a savings
plan – all so you can have a firm foundation to take the leap to
financial freedom.
In this article we’re going to look at some simple strategies to
go from financial control to financial power.
Step Five – Save and Prosper
We touched on this in the first article, but for different
reasons. Now we’re moving on to building wealth. A major part of
your strategy has to be cash. Cash is the only true financial
wealth, so you need some. You need a lot. Now you have cleared
your debts and you have your spending under limits, you have
some spare cash to save. Find the highest interest account you
can and start depositing regular amounts. Each month put as much
into your account as possible. Set up an automatic payment to go
from your salary account. Set yourself a target, let’s say
$10,000 and go for it with all your effort.
Step Six – Split Hairs
When you’ve reached your savings target you need to start
getting creative with your money. Our example target is $10,000
so the way we’re going to get creative is by splitting it three
ways. First we’re going to find another highest interest
possible account and transfer about $4,000 into it. This is
going to be your emergency account. In reality an emergency
account should have the equivalent of about three months’ salary
in it; and you never touch it, unless it’s a genuine emergency.
Next, put $3000 aside for investing (see step three). And the
remaining $3,000 stays in the savings account, where you keep
adding to it.
Step Seven – Speculate to Accumulate
High interest bank accounts are fine and they’re a fairly safe
place to build your wealth – slowly. But if you want to build
wealth faster, you’re going to have to take some risks. There
are three ways I see of doing this: one is to start a business;
two is to invest in property; three is to invest in stocks and
bonds. In the example we’re working with we’ve set aside $3,000
to do this. On the one hand it’s not a lot of money – it won’t
go far in stocks or in property. On the other hand it’s a third
of our savings and that’s a big risk. But if you worked through
step one in the first of these two articles you’ll have a better
understanding of yourself. You’ll be able to work out for
yourself what kind of risk you are prepared to take. Because
believe me this step is risky. So you might decide to just
continue saving, that’s fine. You are now in control and hey -
that’s a lot of freedom in itself. Or you might decide that you
can stand the risk of losing that $3,000. If you do, then you’ll
probably have a clear idea of how you want to risk it. The only
advice I’m going to give here is to make sure you plan it. Have
a plan for your investment, do your research, don’t get lured by
‘get-rich-quick-for-no-work’ schemes, set a limit to what you
are prepared to lose – and stay disciplined and focused.
Step Eight – Plan to Enjoy
This isn’t so much of a final step, as something you should be
doing all the time in all areas of your life. People who plan
and set goals and have timescales for achieving things have more
failures and more setbacks than those who don’t make plans and
set goals. Yes, you read that right. But the reason they have
more setbacks is because they are doing more, they are always
moving forwards, they are never giving up. And the bottom line
is that they achieve more than those who don’t plan. So set
goals and put plans in place. And make sure you plan to enjoy
your financial freedom – whatever it means to you – because if
you turn the achievement of your dreams into a form of
unremitting slavery you will end up sabotaging yourself
Craig Brown
http://www.articlesbase.com/finance-articles/the-steps-to-financial-freedom-part-two-3368.html
Does anyone want to try this with me? With the economy being this way how can you not want to try?
Even if you don’t believe it….isn’t it worth the $6 just to try it out??
INSTRUCTIONS ON WHAT TO DO:
Some people will perceive this as an ‘off the wall’ idea to make money, but others will look at it as a great business opportunity. This by far is the safest; most risk free opportunity you will find to start your own business because you use Paypal, the most trusted banking system on the internet. Not only is this an opportunity to gain financial freedom, but you will help others do the same as they help you. A basic principal that has been forgotten about – Giving to one another. This is a very simple opportunity. This is an even simpler automated way to make money that does not require opening mail, only a Paypal account.
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1. Create a Paypal account for free.
2. Give six people $1.00. (Paypal IDs are listed below.)
3. Post this opportunity to others on the internet.
4. Other people create a Paypal account for free.
5. Thousands of people give you $1.00 to be put on your mailing list.
6. (Once you add your Paypal ID.) If we all work together everyone will benefit. Here’s how! Paypal verifies that this $6 investment program is 100% legal and is a big hit this year see their note below or ask them directly… For a simple investment of 15-30 minutes and just $6, it is 100% worth it to make thousands so quickly. This is not another scam that takes lots of your hard earned money; this is a no risk investment that will make you thousands of dollars very easily and quickly. From PayPal: ‘Dear Member, it has come to our attention that there is a PayPal opportunity floating around at the moment you may have heard or seen the $6 opportunity; you may have even taken part in it. Well, we have been asked a lot of questions about this opportunity the answer is yes it does work and yes it is safe to use providing you follow the rules it is legal and has made a big hit on the internet this year. If you would like to take part in this opportunity or would like a bit more information then please see the attached file that was kindly donated to us. Thank you for using PayPal!’
Turn $6 into $15,000 in only 30 days…here’s how! You have most likely seen or heard about this project on TV programs such as 20/20 and Oprah or you may have read about it in the Wall Street Journal. If not, here it is below – revealed to you in step-by-step detail. This program is by no means new. It has been in existence in many forms for at least a decade. I found this on a bulletin board and decided to try it: Make Money with your PayPal account as shown on Oprah! IMPORTANT: This is not a rip-off; it is not indecent; it is not illegal; and it is virtually no risk-it really works! If all of the following instructions are adhered to, you will receive some extraordinary dividends. AGAIN, PLEASE NOTE: Follow these directions EXACTLY, and $20,000 or more can be yours in 4 to 6 weeks. This program remains successful because of the honesty and integrity of the participants. Please continue its success by carefully adhering to the instructions. A FEW LEGAL TIPS: You are starting a Mailing List: 1) File your responses alphabetically everyday. If you have a computer, all the better, if not get one with your first mail responses. 2) You will soon compile an extensive mailing list. It can be very useful in your business, to start a new business, or for other businesses to acquire information from you. When you send out these letters, you are in the mail order business. People are sending you $1.00 to be put on your mailing list. This is a legal helpful service. Once again see Title, section 1302 and 1341 of the US Postal and lottery laws. Like most of us I was a little skeptical and a little worried about the legal aspects of it. It follows the same regulations as the mailed chain letters, which according to the U.S. Post Office (1-800-725-2161) is indeed legal!
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Here are the 4 easy steps to success:
STEP 1: Take a few minutes to join PayPal: Remember to verify your account. http://www.paypal.com The Internet’s most trusted Internet banking system for your future income. When creating your PayPal account place your email address which you used for PayPal on the list below; this way people can send money to your account.
STEP 2: Once you have a PayPal account running, use PayPal to post $1 to EACH of the 6 Email Addresses below because you pay people with an email address in PayPal. Select ‘SEND MONEY’. To do this you may need to use a credit or debit card, which is very easy and secure so nobody but PayPal may see it. What you are doing is creating a service.
This is absolutely legal! You are requesting a legitimate service and you are paying for it! Here are the 6 individual Email addresses that you have to send $1 to through PayPal for this to work properly
get lost scammer!
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This is not an "investment". This is just trading money. Someone has to lose for someone to gain. 15,000 people have to lose for you to gain $15,000. I hope 15,000 people don’t take this seriously.
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I see right through your ploy fool!
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Wow, I remember when this spam was on the newsgroups and you were supposed to mail actual dollars to people’s addresses. That was a good decade ago…this thing just never dies!
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This sounds an awful lot like Social Security….except this is an ILLEGAL Ponzi scheme. Remember, if someone gets sumthin’ for nothin’, then someone else gets nothin’ for sumthin’…
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