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}
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}
Feb
2013
4-Step Method to Teach Children About Managing Cash – Simple, Flexible, and Easy
Making mistakes and just careless handling of money occur very early during our growing up period. Without effective early intervention, these behaviors can become bad habits, progress to serious repeated financial problems in life, and cause major threats to our personal financial security. P.T. Barnum said in The Art of Money Getting, “True economy consists in always making the income exceed the out-go.” {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
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
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}
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
The Right Mindset can Help Increase Personal Wealth
One of the foundational strategies for increasing personal wealth is getting yourself into the right mindset for building wealth…and I am not talking about attracting prosperity into your life simply by the way that you think. However, every one of your consistent behaviors is driven by the frame of mind which precedes the behavior.
Developing a wealth building mindset helps you to redirect your actions so that they naturally bring about the results of increased net worth and cash flow. This will help you identify some of the mindset changes which will make all of your other strategies for increasing personal wealth work. {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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