Thinking About Money And Financial Freedom
Question about financial freedom
The practical Guide to Total Financial Freedom Volume 1 is amazing?I have heard only good things about this book, does anyone know if The practical Guide to Total Financial Freedom: Volume 1 is as good as they say? Im thinking about buying it for sure at my bookstore, anyone love it?
I found it at amazon and might order it:
http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%2FPractical-Guide-Total-Financial-Freedom%2Fdp%2F1411620542&tag=theinfosc-20&linkCode=ur2&camp=1789&creative=9325"
Reflecting on our standing in life brings us to a point where we are forced to describe our goals. For self-made millionaires, they have written off the goal of financial freedom in their lives long before other people realized its importance.
However, while others are starting to catch up on the trend of wealth creation, financial freedom is just too abstract a concept without the right mental shift. Called the millionaire’s mindset, it involves a lot of different approaches to one’s lifestyle while learning financial strategies through searching for opportunities. By turning goals into reality and acting responsibly, financial freedom seems a much closer idea than before.
Yet, the philosophy of financial freedom is still too large a concept for people to grasp. One can ask what freedom really means. Then we can search the meaning of financial freedom for each one of us. While financial freedom can be measured through one’s monetary standing, people do not realize that the philosophy behind financial freedom relies on our attitude towards money. In order to achieve financial freedom, we must describe our priorities which include how we look at money.
Caring for Money
The first fundamental perspective of a millionaire’s mindset is thinking that people are interested and should be interested in money. Why not? Money is a vehicle to make your life work and to make our system go round and round. But then more people do not value money the right way. People who seem to be satisfied with the money that they have end up getting rung down in the bottom of the financial pyramid. For some, money represents your paycheck that pays your bills. These people often find an ethical standard since they don’t care for money.
However, ethics and interest and money should not be removed from each other. The reality is, money is a vehicle not only to make a living, but also to make a quality life. Learning to value money gives us a perspective that makes us responsible with our finances. Finding the balance of how much money means to you is important in seeking financial freedom.
Making Money Work for You
A millionaire’s mindset always assumes that money should always work for you and not the other way around. While hard work is important, people who stop thinking and continue pounding their routine end over and over again. Hard work and struggle begets more hard work and struggle. Being a slave for money can just be the same problem for greedy people and hardworking people. The critical key however is to find ways to rise over it and make money work for you. Learning to empower yourself with the resources that you have will give you more room to help yourself and inspire others.
The Love of Money is the Root of all Evil
This is a saying that has stood for thousand of years. Until today it stands true. Yet what is more important to believe that financial freedom is NOT love for money. Why? Freedom over money is about seeing money as a tool and a means to and end. Meanwhile, love for money is seeing money as the end. Thus, love for money continues to put you under the spell of getting more money that you become a slave for it. Remember that we cannot eat money. Being a slave for money is far from the concept financial freedom.
For many, money is tangible. We all see it, we all have it, and we all see it go away. For the simple minded, money is a medium to buy what we want making it an integral tool for trading in a wealthy economy. However, a millionaire’s perspective looks at money rather differently. By putting the idea of money in our priorities and in the right balance, one can be effective in setting up financial strategies to achieve financial freedom.
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The problem with Americans is that they “live to have more time and money instead of having more time and money to live.” Automate your financial life, spend wisely, give generously and invest in your future in order to attain financial freedom. financialsecrets101.com
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Tags: 21st Century Academy, financial, Financial Freedom, Freedom, jamie Mcintyre
Posted on June 4th, 2010 at 8:28 am
Debt settlement firms take your money and don't pay your creditors…They do this to trash your credit rating to try to settle for less. This process is very risky and you can get sued…as you found out. Yes, you should try to get your money back…but in the interim you'll have to deal with the lawsuit on your own….Try to settle…If you can't, be sure to show up in court.
Posted on June 4th, 2010 at 9:29 am
Brilliant insight!
Posted on June 4th, 2010 at 9:56 am
Most preachers preach that in the wrong way. Those that emphasize that, really want you to pay more to them. They tell you "the more you give to the church, the better off you'll be." You can't give to the church when it's going directly to the preacher. Those preachers are greedy hippocrites. There are some churches out there that don't pay the preacher, such as the mormon church, in which they give the correct principle of financial freedom. If it's a good and righteous church though, giving tithing (10% of your earnings) helps in becoming financially free.
In order to gain financial freedom, you must remember two things. Live below your means and pay yourself first. It is also true that if you give charity, your money somehow becomes more abundant. So if you want financial freedom, do those three things and you will be blessed with not pure wealth, but with less stress of finding the money to pay your bills.
Posted on June 4th, 2010 at 9:58 am
The Perfect Business Opportunity!
Posted on June 4th, 2010 at 11:09 am
You may want to talk with the folks as Save a Sato http://www.saveasato.org This organization started saving dogs from the streets of Puerto Rico where dogs are treated very inhumanely when they are out on the streets. They may have some ideas for you in getting started.
Posted on June 4th, 2010 at 8:12 pm
I can't really speak to Freedom Fidelity specifically, but I can answer your question generally with regard to debt settlement companies. Yes, there are some legitimate debt settlement companies who help people get out of debt for a percentage of what they owe. But they can't make any guarantees. I often get asked the question "which debt settlement company should I choose?" And I'll always answer "NONE OF THEM"… but not for the reasons that most people offer. I’ll advise you not choose a debt settlement company because – even if you find a high-integrity, ethical debt settlement company – there is a far superior alternative: DEBT RESOLUTION. The concepts are similar, but Debt Resolution provides benefits that debt settlement can not offer, at a lower cost. I only have room for a limited explanation, but here are some of the key (very important) differences between debt settlement and debt resolution.
Basically, debt settlement companies act as a collection agencies for the credit card companies. They get involved before the creditor refers the account to an outside agency, collect a bundle of money from the borrower over time, take their hefty fees, and offer the balance to the creditor as a settlement. They are PRIVATE COMPANIES offering a service. They do not and can not represent the borrower.
Debt resolution, alternatively, is an attorney-managed process whereby an attorney negotiates with the creditor on the borrower’s behalf. This is a legal transaction that only an attorney can perform, and results in a settled mitigation. There are some critical advantages to this.
Key differences between debt settlement and debt resolution:
PERFORMANCE GUARANTEE – Debt settlement companies cannot guarantee a settlement amount. Debt Resolution guarantees settlement at 45% of the original debt (which also includes the attorney fees). Also, with Debt Resolution, no additional fees will be requested if the debt increases after the agreement is signed, which is very important because once credit card payments get behind, fees and rate hikes get applied to the account, significantly increasing the balance. Debt settlement companies may take advantage of this by charging fees on the balance when the account is settled, not the original balance. And since plans may take several years to complete, balances (and the corresponding fees) can increase dramatically.
TAX CONSEQUENCES – Debt settlement companies generally don’t point out to borrowers that when a creditor agrees to settle, they generally send the borrower an IRS Form 1099 for the amount written-off. This means that if the borrower has $50,000 in unsecured debt, and the creditor accepts 60%, or $30,000 as a settlement, they will send the borrower a Form 1099 which shows that $20,000 write-off as income to the borrower. Even though the borrower did’t receive any actual cash from the creditor, they may still have to pay tax on $20,000 of additional income. With the attorney-managed Debt Resolution program, the resolved amount is a legal agreement between the parties, and since no cash was provided to the borrower in the form of actual income from the creditor, THERE ARE NO TAX CONSEQUENCES.
CREDITOR HARASSMENT – Debt settlement companies can’t represent a borrower, so they can’t really stop harassing phone calls from collection agents. They may explain that the borrower is in a debt settlement program, but that could potentially backfire and cause the creditor to accelerate their collection efforts, or even file a lawsuit. The attorney–managed Debt Resolution system leverages good faith debt laws to protect consumer rights. Once the creditor receives the first letter from the attorney, they are prohibited by law from pursuing collection efforts against a consumer who withholds payments due to a good faith billing dispute. If the creditor still communicates with the borrower, the borrower should notify the attorney, who will inform the creditor why they have no right to pursue further collection efforts.
FEES AND ALLOCATION OF PAYMENTS – Debt Resolution is, in most cases, significantly less expensive than debt settlement… and the fee structure is completely transparent. The Debt Resolution administration and processing is just 5% of the total contracted debt (compared to 10-15% or more that most debt settlement companies charge). And that 5% is based on the balances on the contract date, not the settlement date – so increasing balances will NOT result in increased fees. Debt Resolution also has a one-time $500 enrollment fee to establish the paperwork and accounts, and compensate the attorney for efforts to cease collection calls, etc… Some debt settlement companies don’t charge an upfront fee to enroll, but they “front-load” their monthly payments with fees – a majority of the payment for the first several months goes toward company fees rather than into the borrower’s settlement account (so they still get their money
Posted on June 4th, 2010 at 10:32 pm
Posted on June 4th, 2010 at 11:37 pm
Only you can answer that as you have to do what is best for you you should start your own business now as it takes yrs to get it up and going or have a talk with your family to see just why they are treating you like this there are choices you need to choose what is best for you
Posted on June 5th, 2010 at 8:18 am
Modern Network Marketing is all about “Sharing Knowledge, Experience, and quite simply participating in Word of Mouth or Person-to-Person advertising.” What people need to know is that great companies like XOWii lay a strong foundation of science complete with a distribution model &compensation plan. All we do is share information like this. I personally consume the products and can’t imagine not sharing my experience. Make this call if you want to learn more (866-509-5177) & leave a message!
Posted on June 5th, 2010 at 3:40 pm
I loved the Rich Dad/Poor Dad book. The Poor Dad was respectful good guy. However, it does take more then that to become rich. It was a great book to read.
Have a great day!
Dave Steffensmeier
Posted on June 6th, 2010 at 12:49 am
I had read the book in thai version since the early of 2001,it inspired me much more than I could really say.
Now a day I ‘ve become a small business owner , it ’s the inspiration from that time.
Thank you from the bottom of my heart Robert.
Samattapol ,Bangkok Thailand
Posted on June 6th, 2010 at 7:19 pm
I think you need to move across the nation and start anew! People don't have to know your family background – you have a right to your privacy. But go somewhere else and make new friends. If you have a degree, then you have something to offer. Be willing to start at the bottom and work up. If people like you, they'll support you. So just be you.
Posted on June 6th, 2010 at 8:30 pm
Great fundamentals. I am one of those people, and I will live up to my dream ! (:
Posted on June 6th, 2010 at 9:42 pm
If you believe you were deceived by Russ Whitney, Robert Kiosaki, or Tigrent learning, contact me ASAP. Please leave me a personal message. I believe they can sell ice to the eskimos. They are slick talkers. If they made so much money in real estate, why are they wasting their time selling their worthless programs? Thanks
Posted on June 7th, 2010 at 1:09 am
There are no grants for a for profit business unless you are opening a daycare. If you need money, you will need to apply for a loan. No lender will talk to you unless you provide them with a valid business plan. Go to http://www.sba.gov , http://www.score.org or http://www.bplan.com for sample business plans and instructions on how to write a business plan.
Then, go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor to review your business plan and discuss various loan options available to you.
SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).
SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.
Posted on June 7th, 2010 at 2:32 pm
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Posted on June 7th, 2010 at 3:52 pm
If you are interested in network marketing a great way to see if it is right for you is to visit freeyourselfnow.ca
Posted on June 7th, 2010 at 5:54 pm
Will it be better if we still pay our taxes but can choose individually how our own tax money is spent by the government?
ie: On the tax form, we have different options to choose which area(s) (ie: education, heatlhcare..etc) we want our own tax money will be spent on.