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Last week, I wrote a series of post about the Formula to be financial free And I also promised that I will make a series of post to give you tutorial on the formula. However the first thing I want to touch here is the first step.

The first step of journey to financial freedom is very important. How you start and concentrate will lead you to different destination and results.

There are a lot of thing to do but what should we do first? This is the subject we need to sit down and think about. Anyway I do have something to suggest. How about we start by paying attention on our CREDIT?

Credit is important to everyone of us. It can affect our life! At least it will affect the my financial free formula. The last part of the formula is Investing. Most of the time our credit will involve in investment. For example, if we want to invest in real estate, do you think we can do it if our credit is bad? No bank will give you a mortgage because of your bad credit and I don’t think you can buy a house with cash with a bad credit.

So the first thing we should pay attention on is our Credit. The good news is the first 2 parts of the formula will help you to gain credit if you know how to play the games. Use budget to build a money management system then control your debt and finally increase your credit. The idea is simple, but it depends on your action!

Achieve Financial Freedom

Last week, I started a topic on Formula to be financial free which covered the 3 simple steps to achieve financial freedom. Here is the formula :

Formula To Be Financial Free
Achieve Financial Freedom = Budget + Control Your Debt + Invest

There are totally 4 posts on this topic and I know it is not enough to cover the topic. There are a lot of knowledge and know how we must discuss here on the topic of budget, debt controlling and investing.

So now I announce that I will post more about budget, controlling debt and investing from time to time. Some will be example, my experience and also some short tutorial that will guide you in those 3 topics.

Please come back often so you won’t miss anything. Have a nice day!

Announcement

I have posted a post called Formula To Be Financial Free and Formula To Be Financial Free Part 2 : Budget , Formula To Be Financial Free Part 3 : Controlling your Debt and this is the part 4 of the series called Investing.

Formula To Be Financial Free
Achieve Financial Freedom = Budget + Control Your Debt + Invest

Investing is the last part of the formula to be financial free. This part is very important because it is a must for us to invest our money to achieve financial freedom. Everyone who is rich and financial free knows how to invest their money.

Normally, how we get our money? We take a job and get a pay check? We run a small business so we get the profit at the end of the month? Or any other way? No matter what is it, most of us is working for money. We are selling our time to our boss or our business and exchange it with money. That’s why we don’t have any freedom.

However investing is different. By investing your money, you can let money make money for you. So instead of you work for money, now money work for you! You see, investing make passive income for you! Now you get back your time.

Investing is risky? Maybe yes but maybe no. Depend how you invest. \r\nHere is some tips about investing:

1. Get ready to lose! Losing also is an investment, investment that will bring you knowledge and experience. By losing money, you will learn better. By losing your money until a level, you will win and the good news is you never lose again!
2. Get ready to learn! You must learn a lot to invest. I meet a lot of people simply invest in stocks market without learning what is stock. So they end up with losing money, then they call investing is risky. We must learn and do a lot of research before we invest, if not you are not investing but gambling.
3. Get ready to take risk! Every investment do have its risks. So before you invest, please prepare your mindset to take risk. I know some people will become sleepless after they invest because worry about their money. If you one of them? Then you better get ready mentally before you invest.

People always think that investing is risky. This is because they don’t use the tips of the investing above. So now you and I know it then we must prepare ourselves to world of investing. Good Luck!

Here is the link to Part 1 ,Part 2 and Part 3 of this series.

Achieve Financial Freedom

I have posted a post called Formula To Be Financial Free and Formula To Be Financial Free Part 2 : Budget and this is the part 3 of the series called Controling Your Debt.

Formula To Be Financial Freedom : Achieve Financial Freedom = Budget + Control Your Debt + Invest

Before we start, let us think about a question? Is financial free equals to debt free? There are a lot of misunderstand here but I can tell you, from what I observe from those rich(most of them is my customer), Rich people or financial free people still have debt.

Then what is the different between a normal people like me and you with those rich and financial free? The answer is the way they control their debt. Because the rich know how to handle the debt, so they become RICH!

Initially, I want to use put a title for this post as Formula To Be Financial Free Part 3 : Break Down Your Debt. However I decide to change it as I want to talk about how to control our debt. Ok, back to the point, to financial free, you must know how to handle and control your debts.

The main purpose to control your debt is
1. Don’t let it ruin your life
2. Have a stress less life, so you will have more concentration on making money!
3. Leverage on debt to help you achieve financial freedom
PS: Above is just the main point, but you can add more if you come across any benefits of control your debt. You may share it with me!\

Below is some questions that you must ask yourself so you can know your condition and you better:
1. Since you are in debt, you must know how deep you are? Is it dangerous? Will it damage your life?
2. Ask yourself “How Did I get here?”?Bad Money Management? Too depend on Credit Card?
3. What can you do to control the debt? Meet a financial Expert? Get a book and learn about it?

I know there are a lot of thing to learn and do to control our debts. However, in my opinion, the most important thing is YOUR DETERMINATION! Is your determination is high enough to take action? You only can control your debt after you take action but not thinking, discussing or talking.

Here is the link to Part 1 and Part 2 of this series.

Achieve Financial Freedom

In business, one of the common tools that we have is business card. All of us only think that it just a piece of small little paper that have our company names, names and contact no. However it does have its own power that we never think about before.

I still remember last year, I went to a sales talk. In the talk, the speaker said that If you don’t make any sales, please don’t blame your products or your selling skills, but ask yourself? HOW MANY business card you give out a day? I really impressed with this question.

Most business owners don”t realize the importance of using a simple business card to generate tons of customers. It simply does not matter what kind of business you are in, you have to utilize this primitive business technique in order to grow your business fast. The three main mistakes people make when marketing with business cards are:

You imagine business card as your lottery tickets. Lottery to get sales for your business and make money! The more cards you send out, the more chances people will read your cards and call you when they need your helps. You can give this a try!

Ways To Make More Money