Action Plan to Financial Freedom (Part-1) | Financial

We often dream about financial freedom, we want to and more often talk about becoming financially free. But how many of us actually do something different to achieve this dream? Without a concrete action plan, and clear define road map, no matter how ambitious is the dream, chances of becoming financially free will almost equal to none. Without a clearly define road map to follow, one will soon forget the dream of freedom and go back to live their normal daily life. Action plan can be constant reminder serves to remind a person of his objectives, goal and estimated deadline. Besides, in journey to become financially free, you will want to review your progress against the action plan to see how much progress you have made and how far away you are from your goal.In order to become financial free we need to know what is the definition of financial freedom. Financial freedom being the ultimate goal, of course, before achieving that, we need to know the two pillars supporting the freedom; these are financial stability and financial security. The two pillars are the basic fundamental of being financially free; it is like the foundation of a skyscraper that is built on a strong concrete foundation, in case of financial freedom, it is built on financial stability and security. In short, in order to achieve financial freedom, we must first achieve financial stability and then financial security.Definition of Financial Stability Financial stability is achieved when one person is able to live his life without income for 6 months or more. Wealth is measured by time instead of amount of money you have. Take the example of a fashion designer whose monthly income of 10,000 with monthly expense of 8,000 and a school teacher who only earns 2,000 with monthly expense of 500. Who do you think live a more stable financial? The answer is the school teacher. If both person lose their job, the fashion designer who lives a high maintenance life style would not live through a month to go bankrupt, but for the school teacher, with a saving of 1500 per month in minimum, she can easily live for another 3 months without active income, this provide her ample of time to look for new source of income. In the first step in our road path to become financially free, we need to make sure we are financial stable before we can talk about financial freedom.Action Plan to Financial Stability: Now think. If you have less than 6 months to go into bankruptcy without a job, you need to start doing something. Below are some typical scenarios:
If you are living on a mountain of credit card debt, and you can’t seem to reduce the owing balance each and every month, you have to do something different. From you credit card bill, list out items that you don’t need to spend. Without this desire items, it is easier to pay off the credit card.
When you can’t seems to save even though you are not on any retail/credit card debt. This happens when you pay yourself last. In order to save, you need to pay yourself first. Every month when you get your paycheck, put aside a percentage into saving first and spend the difference. An average person will do the opposite that’s why they can never save, and the worse is they don’t even know where the money goes.
In the action plan, one needs to state how much money to allocate in each month to clear off debts with a deadline. Only after all accumulated debts are cleared off, one can start saving for financial stability. Subsequent action plan needs to find out total expense of one self. Since financial stability is defined to be ones ability to live through 6 months without any income before going into bankruptcy, thus the amount of money to achieve financial stability will be total expense times 6 (months), let us call it Financial Stability Amount Requirement FSAR. Next, state how much money you committed to save every month, and let’s call it monthly saving commitment MSC. With all these figures: FSAR and MSC, one can easily find out how long he/she needs to achieve financial stability. Simply divide FSAR by MSC. The result of calculation is the duration (in month) required to achieve financial stability, one will know exactly the date he/she obliges to achieve financial stability. Now with the action plan in place, a committed and disciplined person will only have to follow it and ultimately achieve it.

Best Offshore and Marine Investment Information | investing

Offshore & marine investment strategies are popular for many reasons. This investment involves spending money in another country other than the investor’s country of residence. Factors that may influence a person to engage in the assets include knowledge, risk tolerance and maturity.Before investing in any offshore opportunity, it is important to be adequately informed about this kind of investments. Both corporate and private individuals engage in overseas private stakes. Depending on where and what you want to invest you may need to meet requirements set, which can vary from one country to another.It is easier to make decisions regarding offshore & marine transactions when armed with vital information. You can make informed decisions on where and what to invest by calculating risks involved in the various offshore investments. Being informed not only helps in identifying the risks involved in investing but also can help in accumulating wealth quickly.Types:Before even deciding to invest in any kinds of investment vehicles, you need to understand the available investment types. Moreover, you need to know how involved you are going to be with the investment. When looking for a location to invest, you may want to consider economic and political stability, professional support services and communications network among other factors.a. bankingYou can have your money in a secure location in another country. It can be easier for you to control your money in diversified currencies across various countries.b. FundsThese can include mutual funds, income funds, growth funds and hedge funds among others.c. Real estateYou can generate attractive ROI on investing in offshore real estate. The alluring investment is very lucrative and can offer significant benefits.d. stocksYou can invest in various international stocks to increase your investment portfolio.e. Offshore investment bondsOffshore bonds can include investments in many vehicles such as stocks and shares.f. Offshore unit trustsYou can open a fund consisting of assets to benefit persons or a person.Reasons:Firms that offer the opportunities avail confidentiality and privacy to their clients. These factors ensure discretion to anyone with a sound net worth. Asset protection can include shielding an investor from liabilities experienced at home such as obligations and debt.Another reason to engage in marine venture is the greater freedom of choice. You can decide to invest in as many opportunities as possible offered in different countries. With this in mind, you are able to diversify your portfolio and minimize the risk of losing all your investment at a go. Moreover, you can benefit from tax benefits and greater ROI.Lower levels of regulations in offshore & marine interests are attractive to most investors. The low regulatory investment environment can ensure an investor thrives in numerous investment opportunities. Moreover, offshore investments involve receiving specialty services. Leading firms that offer such investments have adequate expertise in legal services, banking, funds and asset management.


www.addeducation-help.us www.allabout-eduinfo.us www.allaboutedu-trustcenter.us www.allproperty-home.us www.build-education.us www.centerschool-business.us www.childrenedu-news.us www.educationadvices-me.us www.education-destine.us www.education-generalsight.us www.education-help.us www.educationhelp-me.us www.education-internet.us www.education-myworld.us www.educationsight-news.us www.education-world.us www.edu-trustcenter.us www.fulleducation-field.us www.grap-thebestproperty.us www.help-homerenovate.us www.homesandhouses-post.us www.houses-field.us www.my-homesandhouses.us www.my-homessearch.us www.myhqrealestate-zone.us www.mypage-edutech.us www.my-realestatesearch.us www.mysmart-education.us www.myworld-edu.us www.only-edufield.us www.postcenter-myedu.us www.pro-education.us www.promote-realeatate.us www.propertyadvert.us www.property-corner.us www.propertyfor-shelter.us www.property-help.us www.propertyrealestate-center.us www.propertyselling-business.us www.realestate-mytop.us www.realestatenewssite.us www.realestate-portal.us www.realestate-services.us www.realproperty-booster.us www.school-myedu.us www.smartrealestate-blog.us www.technology-myedu.us www.thebesthomes-me.us www.tophomes-me.us www.unique-myhomes.us www.blogcar-technology.us www.blogcar-general.us www.carservices-me.us www.automotive-trustme.us www.autocar-solutions.us www.bestcar-solutions.us www.autobusiness-me.us www.autopost-carportal.us www.carblog-post.us www.myautomotive-business.us www.atautosite-car.us www.general-autonews.us www.automotive-center.us www.carnews-autocenter.us www.t3pro46.ga gfoo17.cf www.schadevoertuigen.cf zqw567.ga zddx9.ga gamblingarticles.gq SpeedyForumcitra.cf www.wdw888.ga www.watchyouwear.ga getld.petsupplystore.pw floweraku3.ml zhongdakejiku3.ml abererku3.ml vaper.ga pusatpromosi.ga www.snuttefiltar24.ga www.snapdrop.ga geomercatoku3.cf eirmode22.cf bangiveku3.cf