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}
Feb
2013
Is your Cash Flow Adequate? – 5 Questions to Ask Yourself
Your cash flow is the financial energy that supports your standard of living; your purchase of goods and services; your children education; your retirement planning; your need and desire to care for love ones and others; and your overall financial security.
To maintain an adequate cash flow in your life, wise planning is required through the setting of long term goals followed by the objectives that will lead to successful accomplishment of these goals. Your adequacy of cash flow is then determined by what is needed to complete these objectives and ultimately reach your long-term goals. {Read More}
Feb
2013
Personal Income – Release Your Creative Power and Market Your Talents
Many say that they are unhappy with their job, lack extra money, have no money to invest, are trapped in their current situation and do not know what to do. Interestingly, through each phase of life many have echoed the same statements of unhappiness, indecision, fear, and despair. Let’s start now to seriously explore your treasure chest of talents and multiple dreams, and become engaged in this world of opportunity that is available to you now and not just in the future. {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
Budgeting Made Simple: The Four Bucket Personal Finance System
The four bucket personal finance system is a simple and practical alternative to personal budgeting.
Think about this:
- How many times have you heard the advice that you need to get on a budget to start managing your money better?
- How many times have you attempted this strategy, kept it up for a couple weeks and found that budgeting just does not apply to the dynamics of real-life?
This is why more people are choosing the four bucket personal finance system as a practical alternative to living by a complicated budgeting approach. {Read More}
Dec
2012
Trouble with Cash Flow? Here are 3 Solutions and Strategies for your Income
Personal cash flow strategies make a night and day difference in your capability to succeed at personal wealth building.
The problem is that the majority of the population uses only one of the many personal cash flow strategies, and by far the most ineffective…earning a steady paycheck from an employer. A few decades ago it might have thought I was crazy for saying this, but that is back when job security still equaled financial security.
These days, a steady paycheck is simply a means of trading hours for dollars and giving the majority of your time towards helping someone else build their dreams. So let us look at three simple personal cash flow strategies which will get you on the road towards personal wealth building. {Read More}
Dec
2012
Financial Freedom – Finding Your Natural Source of Motivation
Achieving financial freedom, or any other goal in life, requires consistent motivation towards the actions required to achieve the goal. The problem is that most of us are motivated one day, and the next day we can’t do anything but sit and stare at our written financial plans, wondering why we can’t seem to find the motivation to get going.
Is there some secret to getting and staying motivated on a consistent basis?
While there is no “one big secret,” to getting and staying motivated, there are specific things you can do to make sure that you stay motivated on a consistent basis so you can achieve your goal of having financial freedom and of building wealth. Let’s look at a few of these motivational strategies… {Read More}
Dec
2012
Does Time Management Affect Your Financial Freedom?
If you have a goal for building wealth or achieving financial freedom as well as a goal for getting better control of your time, you might not have considered that the two are directly related. The way that you manage your time certainly has a profound effect on your ability to get things done and that includes the things which you do to earn money and executing your financial plan. Managing your time well also helps you to find the time to exercise and to keep your body in good shape and your energy level high.
Considering the impact which medical bills can have later in life, this further proves that good time management skills are essential to long-term success in gaining financial freedom. In this article, we’ll look at three essential things which you must do in order to get control of your time… {Read More}
Nov
2012
Mastering Financial Freedom Begins With Mastering Yourself
So many people want to accomplish financial freedom, but so few ever achieve it. The same is true with good time management and life balance, why is this? I have come to find that this is because achieving financial freedom or balance or mastery of time is really about achieving mastery of self first.
If we are honest, ALL of us know that there are things which we could be doing that would make our lives better. This is true in regards to our health, our relationships, our finances and our management of time. So why aren’t we doing everything that we can in these areas? {Read More}
Nov
2012
A Simple Plan for Achieving Financial Freedom
I’ve said it before and I’ll say it again, if there is a secret to achieving financial freedom or building wealth, it’s having a simple plan to start with.
I’ve seen a lot of people get ambitious about building financial freedom and set up a complicated plan that they only stick with until their initial enthusiasm runs out. This is true when it comes to over complicating your budget, your investments and your strategies for earning additional income. {Read More}
Nov
2012
How is Your Credit Score? The Role of Your Credit in Achieving Financial Freedom
Many people who are interested in achieving financial freedom are asking about the role that their credit plays in the process. This can be a complicated issue unless you have a solid understanding of the proper way to use credit, and the banks certainly aren’t going to educate you when it comes to that.
The banks and lenders are, and always will be, out to increase their bottom line at your expense. What you need is a good solid understanding of how you can beat them at their own game and use credit to advance your simple personal cash flow plan… {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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