12 Steps to Financial Independence
A Brief Introduction
In the Debt Free Project Mission Statement, we say that we are ambassadors of institutions, companies, people and products who share similar visions and philosophies to ours. In that spirit, we are pleased to introduce you to MoneyMinding, Inc.
When establishing Debt Free Project International, numerous programs were researched to help our clients understand how they should think about money, the concepts of budgets, how to understand the risks of investing and how their financial perspectives influenced their daily lives and their relationships. During hundreds of hours of research we found numerous people, companies, "consumerists" and more who said the way to a debt free future was to cut back, sell possessions to pay off debt, minimize spending, and basically live like a hermit so that someday a reasonable retirement could be enjoyed without the burden of debt. Those thoughts and concepts didn't resonate with us. If consumers stopped spending, if debt and credit weren't properly leveraged to create more wealth and more opportunity, how would the economy grow and where would people invest to get returns that would allow for the so called reasonable retirement.
Then, through pure happenstance, we stumbled upon MoneyMinding and the MoneyMinding Makeover program. We found that the MoneyMinding vision, the philosophy of abundance, and other concepts were very much in tune with those of Debt Free Project International. As we began to investigate further, we found that the focus of the MoneyMinding Makeover budget was on par with what we were looking for. In fact, the MoneyMinding program was the only one we found where things like taxes and INTEREST were actually accounted for as part of the budgeting process.
Travis and Shaun Mitchell, the founders of Debt Free Project International, believed so much in the MoneyMinding program, that they paid to attend the MoneyMinding Mastery program so that they could teach the concepts to our agents and our clients. As a result of the relationship that has now been formed between MoneyMinding, Inc. and Debt Free Project International, we are pleased to offer you the following Revolving 12 Steps to Financial Independence.
The Revolving 12 Steps to Financial Independence
Tracy Piercy, an International speaker, author, Certified Financial Planner, and Founder/CEO of MoneyMinding, Inc. has been kind enough to share one of her tools for financial independence with us at Debt Free Project International. According to the MoneyMinding Makeover program, true financial independence is made up of 12 revolving steps. Those 12 steps are divided into 5 simple categories. The key to using these 12 steps is to remember that they are sequential, meaning that to be successful with them, you can't skip around. Once you understand the amazing power harnessed in these 12 simple steps, your relationship with money (and your personal relationships with others because of money), will be greatly improved.
Category 1 - Personal Goals and Values - The ground floor is a comprehensive financial and lifestyle assessment. This is painful for most people. Do it. Take the first step.
To learn more about MoneyMinding, Inc. and the MoneyMinding Makeover system, click to go to www.MoneyMinding.com. MoneyMinding - Believe, Begin, Become...
In the Debt Free Project Mission Statement, we say that we are ambassadors of institutions, companies, people and products who share similar visions and philosophies to ours. In that spirit, we are pleased to introduce you to MoneyMinding, Inc.
When establishing Debt Free Project International, numerous programs were researched to help our clients understand how they should think about money, the concepts of budgets, how to understand the risks of investing and how their financial perspectives influenced their daily lives and their relationships. During hundreds of hours of research we found numerous people, companies, "consumerists" and more who said the way to a debt free future was to cut back, sell possessions to pay off debt, minimize spending, and basically live like a hermit so that someday a reasonable retirement could be enjoyed without the burden of debt. Those thoughts and concepts didn't resonate with us. If consumers stopped spending, if debt and credit weren't properly leveraged to create more wealth and more opportunity, how would the economy grow and where would people invest to get returns that would allow for the so called reasonable retirement.
Then, through pure happenstance, we stumbled upon MoneyMinding and the MoneyMinding Makeover program. We found that the MoneyMinding vision, the philosophy of abundance, and other concepts were very much in tune with those of Debt Free Project International. As we began to investigate further, we found that the focus of the MoneyMinding Makeover budget was on par with what we were looking for. In fact, the MoneyMinding program was the only one we found where things like taxes and INTEREST were actually accounted for as part of the budgeting process.
Travis and Shaun Mitchell, the founders of Debt Free Project International, believed so much in the MoneyMinding program, that they paid to attend the MoneyMinding Mastery program so that they could teach the concepts to our agents and our clients. As a result of the relationship that has now been formed between MoneyMinding, Inc. and Debt Free Project International, we are pleased to offer you the following Revolving 12 Steps to Financial Independence.
The Revolving 12 Steps to Financial Independence
Tracy Piercy, an International speaker, author, Certified Financial Planner, and Founder/CEO of MoneyMinding, Inc. has been kind enough to share one of her tools for financial independence with us at Debt Free Project International. According to the MoneyMinding Makeover program, true financial independence is made up of 12 revolving steps. Those 12 steps are divided into 5 simple categories. The key to using these 12 steps is to remember that they are sequential, meaning that to be successful with them, you can't skip around. Once you understand the amazing power harnessed in these 12 simple steps, your relationship with money (and your personal relationships with others because of money), will be greatly improved.
Category 1 - Personal Goals and Values - The ground floor is a comprehensive financial and lifestyle assessment. This is painful for most people. Do it. Take the first step.
Step 1 - Be grateful where you are.Category 2 - Cash Flow Management and Tax Planning - This is where you begin to understand banking and other money systems.
Step 2 - Know where you are going.
Step 3 - Define where you are today.
Step 4 - Implement the "systems" necessary to fill the gap between where you are today and where you are headed (banking; record keeping; time to learn, monitor and implement ideas, strategies and systems)Category 3 - Risk Management and Legacy Planning - Understanding the basics of insurance will provide peace of mind and ensure that your risks are minimized in the case of something catastrophic.
Step 5 - Develop saving and giving habits
Step 6 - Ensure your INCOME will provide for day-to-day expenses including a sufficient savings and giving component.
Step 7 - Seek advice & develop relationships with professional advisers.Category 4 - Credit Management - Understanding the power of credit and debt when correctly used in a wealth creation cycle are essential to long term financial independence.
Step 8 - Ensure adequate insurance and emergency funds are in place, including up to date wills and powers of attorney.
Step 9 - Develop wise credit habits and pay down existing debt.Category 5 - Asset Management - Wealth is created by using leverage. Investing is the ultimate form of leverage in the wealth creation cycle.
Step 10 - Invest in assets to produce income (real estate, businesses, income producing stocks)Repeat - This is the most important part to remember. When you repeat this process, the first step is to again be grateful for where you are. This means to enjoy the fruits of your labor. There is an abundance for the taking, but remember to enjoy what you have.
Step 11 - Establish investments for long-term growth and financial independence.
Step 12 - Diversify with short-term or more volatile or creative investments.
To learn more about MoneyMinding, Inc. and the MoneyMinding Makeover system, click to go to www.MoneyMinding.com. MoneyMinding - Believe, Begin, Become...