One of the ways is by opening a separate bank account as your financial freedom bank account.
Then, save 1% of your monthly pay into the account and live comfortably on the other balance of 99% of your monthly pay.This could develop your saving habit.
In month 2, you take 2% of the top of your monthly pay put it into the financial freedom account, which is an account where the money goes in but never comes out. You never spend this money for anything except for financial independent purposes.
Month 3, you save 3% of your pay and live comfortably on your 97% balance.
If you keep doing this, at the end of the year you would be saving quite comfortably 12% or 15% or even 20% of your income.
You will gradually start to get out of debt. You will start to become far more thoughtful for expenditures, and start delaying rather than buying things on the basis of impulse.
You start to feel more confident and happy and this money is going to start to grow.
You going to start to attract into your life more money from sources that you do not even know about today and that money goes into this account as well.
In a year or 2 years, you will have several thousand dollars in this account. Your debts will be all paid off.
Once you develop a habit it becomes automatic and easy for the rest of your life to enjoy complete control of your finances.
Hi everyone! Basically in this blog I am interested to share on various motivational success stories and talks. This is one of the ways that I could think of to reach out to others through my writings and presentations. As humans, we cannot change other people or whatever conditions that had happened, but we could always change and improve ourselves to the fullest or greatest extend. I hope who ever comes to visit my blog might get some benefit out of it. Thank you for your support!
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- mummy_hanny
- I am a person who loves to seek ways to improve myself in all angles of life. My passion towards teaching and motivating is unbearable. My priority in life is to live a life that is blessed by Allah and to keep on learning to improve myself as well as to share knowledge with others. I hope my ambition and dreams would become true with Allah's guidance...... Insya Allah.
Friday, January 3, 2014
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