Many personal articles have been written about the issue of money. Can not say Ive been moved to action by many. First, I would like to say that it is OK that you feel satisfied with the current situation of your personal finances. I give you permission to feel your feelings for the next 24 hours, then drag yourself with your bumps and let us know what we can do.
There are many definitions, I want to share with you in my personal finance definition:
Financial freedom is not an event, it is a skill.
Im currently investing with the current financial situation that you say to yourself: I just wish I could win a lottery! Boy, we are not all, yet statistics and personal facts show that the majority of those who win the lottery end up being worse off before their winnings! Imagine that. You among the many who seek wealth, wealth, fame, few people realize that money is not the solution to their problems. How you think of money is the problem and the solution.
I can almost see you go oh yes, give me the money and Ill show you to change your mind! My favorite entrepreneur of all ages, Henry Ford was once asked, What if you lost everything you own? He responded without missing a blow: I would have everything back and more within 5 years.
Being your own champion is not about whats in the bank. It is about the ability to acquire the skill that shows you how to generate new flows of income and wealth based on your knowledge and experience.
So before we move on on this issue lets address the real problem here that prevents your personal finances for good! Why might you ask? Well, without mastering these 5 steps, your wish for your goal of financial success and economic freedom is highly unlikely! Thats why major players in any industry have coaches, Oprah has a life coach, football players and basketball players have coaches and mentors. Tiger Woods after each bad game will go for coaching and training. Why? Those who achieve great financial success do not go alone. They always have a team. Those who achieve great poverty have self-mentality!
Why is it important to plan personal finances? As you have figured out now, the clich