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
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}
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
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}
Jan
2013
What If the Recession Never Ends?
Many people are asking when the recession is going to be over so that they can begin working on building wealth or gaining financial freedom again. However, there are those who claim that the recession is not going to end, because what we’re experiencing is not a recession, but a transition into a new kind of economy. So who is right and how can you plan for the future and make sure that you achieve financial freedom for yourself and for your family? {Read More}
Dec
2012
Three Good Money Management Habits for the New Year
Learning how to manage money and gaining financial independence is a common New Year’s Resolution. As you know, the majority of New Year’s Resolutions don’t last very long. If you want to make things different this year, these three money management habits will help you to do that… {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}
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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