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Imagine a home where there are no obligations (debt)
Here is the step-by-step plan to building a house of Financial Freedom:
- Work
- Plan
- Give
- Pay for necessities
- Save $1,000
- Pay for a few wants
- Pay off all debt (except mortgage).
- Save 3-6 months of expenses
- Save for short-term purchases (repairs, vacations, etc..)
- Invest wisely
- Pay off the house
- Build wealth in order to give a bunch of it away
Click here to download a printable copy with the associated verses
Holla From The Impala
Top 5 reasons why being in Debt is like the Matrix:
#5 – It takes a lot of fancy moves to escape it
#4 – The “Machine” needs you in order to stay alive
#3 – No matter how much we are told that the world revolves around it, there is no spoon
#2 – Loan Officers wear the same suits as The Agents
#1 – When we are in it, we don’t want to know the truth
Check out the short Vacation Savings Tip videos and “Money Is Like…” blogposts on MoneyPlanSOS.com.
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[…] This post comes from a segment of the MoneyPlan SOS podcast released July 28, 2011: […]