Finance categories make it simple to manage your cashflow and to keep more of your money for investing and for using toward securing financial freedom. Many clients who I speak to have tried budgeting and have set up finance categories which were far too complicated to keep up with when life started to get busy. In this article, I’ll be showing you four simple personal spending categories which you can use to achieve financial freedom starting right now. {Read More}
Feb
2013
Increase Your Cash Flow and Build Wealth Over a Lifetime
By continuing your education beyond high school, you have the opportunity to make one to four or more million dollars over a life-time working period. Since most working people have this chance to reach such an impressive financial milestone, it is essential to be aware of your income generating potential, and work to protect your income, and spend wisely in order to achieve and maintain a quality standard of living with financial security. {Read More}
Feb
2013
How to Create Spending Power
Personal wealth building success starts and ends with your spending habits. The wealthiest people in America (the Forbes 400 that is) all have one thing in common when it comes to their financial habits: their spending is always directed towards financial freedom. This is why you never find rent to own stores, title loan companies and stores that sell 60 different kinds of lottery tickets in the wealthy neighborhoods. All of these are things which people spend money on which help someone else to become wealthy. This is why the practice of “Powerspending” is one of the most important strategies for increasing personal wealth. {Read More}
Jan
2013
Not All Dollars Are Created Equal
Personal wealth building isn’t as hard as many people might think, but it does require a completely different set of habits that most of us are already used to. Many people don’t realize that it doesn’t take any more energy to succeed in building financial freedom than it does to fail. However, achieving this freedom does require smart investing and good wealth building habits, and those are not common knowledge. {Read More}
Jan
2013
Keeping Your Commitment to Financial Freedom
Achieving financial freedom requires a commitment and consistency over time. This is the reason so many people have problems achieving success, and this is true when it comes to more than just finances. Being consistently focused and disciplined is difficult for people who are trying to lose weight or to achieve greater confidence as well. So what makes all the difference when it comes to keeping your commitment instead of letting yourself get distracted or losing your motivation? It all starts with having a specific plan for dealing with the things which typically cause people to back out on their commitments. {Read More}
Jan
2013
The New Rules of Money
Achieving financial freedom in the new economy is going to take more than just a new skill set, it’s going to take a new perspective about how wealth is actually built. A lot of people are afraid because of the recession and wondering when it’s going to be over. Meanwhile, a growing group of individuals is slowly realizing that what we’re experiencing right now isn’t a recession, but a complete transition into a different type of economy. This change in economy will have a similar impact that the change from the agricultural age to the industrial age. In other words, there was a severe downsizing of agriculturalists as people begin to realize that production capability and production equipment was now more valuable than crops and land. {Read More}
Jan
2013
Financial Freedom and the Power of Cash Purchasing
If you’re serious about building financial freedom, one of the most important decisions you can make it to stop using credit for paying expenses and for making purchases. In fact, in the four bucket system for managing your spending, category three is focused on laying up cash reserves for the sake of planning large purchases. Again, here are the four categories in the system: {Read More}
Jan
2013
Achieving Financial Freedom – Is Reason Getting in Your Way?
Achieving financial freedom might seem like a perfectly logical goal, but for many people, the road to achieving financial freedom doesn’t make much logical sense. I say this because many people claim that they can’t invest until they actually have the money or that they plan on giving to charitable causes, but they want to make sure that their finances are taken care of first. In other words, the focus always seems to be on having more money and making a bigger income, which seems perfectly logical upon first hearing. {Read More}
Jan
2013
The Great Financial Paradox
Anyone who wants to build wealth or achieve financial freedom and independence needs to seriously consider the act of charitable giving, even before “having the money to do it.” I realize that this probably the most counterintuitive financial advice you’ve ever heard, but giving 10% of your income towards charitable causes can greatly multiply your ability to earn, to build financial freedom and to even create wealth. If this sounds hard to believe, I challenge you to consider putting this principle to the test. Let’s look at how to do this and a little bit about how this principle works to help you achieve financial freedom: {Read More}
Jan
2013
Financial Freedom and Your Inner Compass
Most of the time, we think of achieving financial freedom by means of budgets and cashflow plans, investing knowledge and a WHOLE lot of motivation to making it work. However, few people consider the role of their personal beliefs when it comes to achieving a goal like getting out of debt of building wealth. Does this really make a difference or is it a bunch of new age rhetoric? The answer is that it makes more than just a difference… it can literally make or break your ability to succeed at achieving financial freedom. Here’s how that happens, and what you can do about it… {Read More}
Jan
2013
End the Recession, Starting With Yourself
It’s the question on everyone’s mind these days: “When is the recession going to end?” If you are looking for financial freedom, a drop in the economy can be very frustrating. After all, when can you start investing again and when can you expect to have a shot at building wealth without having to worry about losing it or not having enough money to pay your expenses? If you are asking this, you’ll be pleased to know that ending the recession is easier than you might think…it starts with you. {Read More}
Dec
2012
6 Tips for Business Partners
Starting and expanding your business or investment program may require you to seriously look for a partner that will facilitate a successful and profitable outcome. Finding that partner can be very challenging, must not be taken lightly, and might be the only way to successfully close the deal.
I have had successful outcomes working with partners in my new business start up, and real estate development projects. I have used the following general guidelines to ease the stress that often occurs in searching for a good partner. {Read More}
Frederick W. James MD is both a seeker and teacher of balance. Keeping in mind the understanding, “There is always something to learn,” Dr. James knows life, like finance, is a balancing act that needs constant attention. This is the foundational thought of his behavioral philosophy that secured his wealth and guarantees it for others. After years of preparation, the career cardiologist created wealth to benefit his family and others. Now, this innovative system of responsible spending is available to all through his financial coaching program and book, Spend, Don’t Save.
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