Monday, July 16, 2012

It Is Not Easy Becoming Financially Free

It Is Not Easy Becoming Financially Free:
Our journey to become financially free is NOT easy.  Life always gives us reasons not to invest the appropriate amount of our yearly income and or pay down our bad debt.  We can always find excuses to increase our bad debt rather than find reasons not to increase our cash flow with good debt.  If this is the first time visiting my blog welcome.  If you are not familiar with the difference between good and bad debt click here to learn why not all debt is bad.

Excuses for Increasing Bad Debt

  • We work hard and deserve a vacation
  • We had a long day let’s go out to eat
  • We have to have the latest gadgets
  • We like to drive new cars
  • A boat needed for recreation (Fishing or Skiing)
  • Motorcycles and 4 Wheelers used for recreation
  • Hunting and Fishing  Trips
  • We are going to give our kids things that we always wanted as a child
  • Essentially anything that exceeds our basic needs – this includes extravagant homes

Reasons for Not Increasing Good Debt

  • I think all debt is bad
  • I don’t know what qualifies as good debt
  • I don’t know how to invest
  • I don’t have additional money to invest
  • I will invest next year after taking a vacation this summer
  • I will begin investing when I get my promotion
  • I will begin investing when the kids graduate
  • Any reason you find to avoid beginning today.
Life will always throw us obstacles that prevent us from becoming financially free. We live in the land of opportunity with a wealth of information available for us to learn how to become financially free.  You do not have to be smart to become financially free you have to be disciplined.  You have to be disciplined in you spending habits, your investment habits and also your relentless pursuit to increase your knowledge in investing and making your money work for you.  Our journey in becoming financially free is not easy, you have to be disciplined.
You can learn more about making your money work for you by clicking here.

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