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    10 Steps To Financial Independence

    Financialfreedom

    Step 1: Ask yourself: "How badly do I want it?"

    I don't mean "Do I really want to be rich?"

    What I want you to ask yourself is "Am I prepared to work very hard, miss social activities, deal with loneliness, fight fatigue and in general pay a steep price?"

    Some people get lucky. But most wealth results from a prodigious work ethic and lots of persistence.

    Step 2: Determine what you really love doing.

    With few exceptions, most people acquire serious wealth by throwing themselves into their passion.

    Step 3: Educate yourself.

    Traditional schooling is only part of the equation. Try to meet successful people in your area of interest. Solicit their advice. Read everything you can about how others succeeded. Wealth often comes from doing something that's already been done – in a slightly different way.

    Step 4: Create and start an exercise regimen.

    Your journey will require physical endurance. Develop healthy exercise and eating habits. The stronger you are physically, the more likely you will achieve your financial goals.

    Step 5: Learn mind control.

    Whether through yoga, meditation or Eckhart Tolle, learn how your mind works. You will be challenged in the years ahead. Your ability to fight off panic, melancholy and fatigue will stand you in good stead.

    Step 6: Find a good attorney and accountant.

    Even if you have no income or business to speak of, start asking people about attorneys and accountants in your area. Once your income grows, you'll want to engage someone who knows you from the "ground up."

    Step 7: Delay purchases that don't contribute to your ultimate goal.

    Don't jump to buy a house, or even a new car. Evaluate every significant purchase you make in terms of how it affects your long-term goal.

    Step 8: Estimate how long it will take to achieve your goal. Then double it.

    Are you still in?

    Step 9: Look your life partner in the eyes.

    Married? Living with someone? Have a best friend? Is this person with you?

    Especially in the early years, any person with whom you spend your free time better be on board. Of course, that assumes you'll have free time.

    Step 10: Think about giving money away.

    This one may sound counterintuitive. But I suggest that before you even have any money, consider how you will give some away. This will not only help you visualize your success, but also keep the fire burning inside you.

    Think about what makes you cry. Now think about donating $1 million dollars to that cause. This will keep you focused.

    via theskinnyon.typepad.com

     

    • 27 August 2010
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  • Scott Bratcher's Posts

    This is another merging stream of the binary me. It may at times collide or overlap with the real me.

    About Me:
    I love to travel, then return home. In projects, I dig the details, when they compliment the greater perspective. I adore good design and applaud inspired implementation. Simplicity is king; functionally and in form.

     

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  • About Scott Bratcher

    This is another merging stream of the binary me. It may at times collide or overlap with the real me.

    About Me:
    I love to travel, then return home. In projects, I dig the details, when they compliment the greater perspective. I adore good design and applaud inspired implementation. Simplicity is king; functionally and in form.

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WooThemes - WordPress themes for everyone Easy email campaign tool starts free and grows with you... Scottrade - get 3 free trades with this referral link. ($21 value) The best  Magento e-commerce host I've found starts at $25/mo... Share, backup and sync your project, personal  and business files so easily... Create your own T-Shirt or T-Shirt shop - realistic shop prices... Freshbooks for automated or manual, online or  snailmail pro invoices... Major cost savings on hosting for small sites...