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
Debt a Wealth Building Tool or Financial Bondage?
There is an ongoing debate about whether or not debt is an effective tool for building wealth or a means of putting oneself into bondage. Financial advisor and radio personality Dave Ramsey and marketing expert Dan Kennedy (aka, “The Millionaire Maker”) are both passionately against the use of debt for any financial purpose and consider it to be a severe hindrance to wealth creation. On the other hand, there are many financial experts who passionately disagree with this position and who consistently advise people to leverage debt to build wealth…so who is right? {Read More}
Dec
2012
3 Simple Strategies for Increasing Personal Wealth
The most effective strategies for increasing personal wealth are also the simplest. Many personal finance experts profit from making the subject of personal finance more complicated than it really is. This is what destroys the average person’s confidence in being able to create their wealth building system.
This article will provide you with three of the simplest strategies for increasing personal wealth and building financial security. {Read More}
Jun
2012
The Four Bucket System of Cashflow Control – Financial Freedom Made Simple
The four bucket personal finance system is the simplest way to control your cashflow and to begin building financial freedom.
Many of us think that financial freedom is about having more money, and that certainly does help. However, it’s not until we begin to control the money that we have now that we get on the path to achieving financial freedom.
Otherwise, we’ll make more and more money that we end up putting into a purse (or wallet) with holes in it. The problem is that many of us over complicate the task of controlling our cashflow, but the four bucket personal finance system makes it simple.
Here’s how: Why Simplicity is the Key to HUGE Success
The most effective systems in the world, those which empower people to achieve success on a large scale, are never complicated…they are simple.
They do, however, require a lot of work and discipline, which is the reason why so many of us chase after complicated and crafty solutions which will help us achieve success with little or no effort.
Just think about the last time you read an advice book about success and said to yourself: “Okay, I must not be getting the whole story because that just sounds too simple.”
And off we go in search of something more sophisticated, which we think will get us there with a lot less work….in other words, the shortcut.
What you’ll find is that the moment you stop looking for shortcuts and agree to take the simple path of hard work, you start building momentum and moving towards your goal faster. You see, the shortcut is the longest and most disappointing route to take when it comes to your personal growth and achievement.
So let’s look at the four bucket personal finance system and how it can make your journey towards financial freedom simple and rewarding.
What is the Four Bucket Personal Finance System?
The four bucket personal finance system divides your spending into four categories or “buckets” by which you prioritize your spending:
• Giving
• Investing
• Expenses
• Reserves (for future spending or emergencies)
Now, what makes all the difference in the effectiveness of the four bucket personal finance system is the priority of these four categories (this is where the hard work comes in).
By putting expenses first, you can be assured that you’ll always be living and working JUST to pay your expenses. However, if you make investing or giving a priority, you’ll further increase your capacity to do both.
So no more shortcuts! You’re making WAY too much work for yourself. Use the four bucket personal finance system and make your achievement of financial freedom a reality.
Act now to receive your free ebook on Personal Wealth Building and learn 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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