Finding Your Financial Independence Day!

Posted on June 11 2008

Do you feel like you are in a war for your Financial Freedom? Some of you may feel as though no matter how hard you try and work you will never be able to win the war for financial freedom. I know what that is like. I have walked in your shoes. I have a couple thoughts to help you win your daily battles as well as the war in front of you.

Determine your payoff date. Knowing a rough payoff date for your debt is a motivating factor. Although it may be several years from today, at least you can post it on your refrigerator and know that when you wake up tomorrow, you are one day closer to the end of the madness. If you are unsure of your scheduled payoff date, contact the home office. We can help you with this.

Set goals. Set daily, weekly, monthly, and yearly goals. One way to change your mentality from spending to saving is to begin tracking and documenting your goals. Maybe your goal would be to drink water this week instead of ordering sodas. Write it down so you can see the amount saved. At the end of each time period, add it up and see how close you came to reaching your goals.

Consider your future financial plans. If you stay on course and things fall into place, you will be debt free in time. What then? Rather than setting a date to purchase a new car consider the option of investing your monthly payment. This would be the best option to find Financial Freedom. Your goal should not be to become debt free only to find more ways to wrap yourself into bondage. Often times I talk to clients and people that are getting close to paying off their debt and they can’t wait to buy a new car or house. I always try to encourage them to take a step back and consider putting money aside for awhile. This will allow you to build some wealth and truly find Financial Freedom.

See the big picture. Know that the little decisions you make today do make a difference. It is true that a penny saved is a penny earned.

Our plans are not always God’s plans. This is the most difficult one to grasp and understand. We can work as hard as we want and make as many sacrifices as we can but no matter what challenges we face, it is up to God to determine the outcome. We need to submit to Him and seek Him for our daily direction in our finances and life.

Joe Larson -FLCS Staff