Friday, 2 May 2014

FINANCIAL INDEPENDENCE

"To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; profit into investment and turn investment into financial independence." JIM ROHN

A lot of people think financial independence is some kind of voodoo or magic or is reserved for a few. Yes, it actually is because if you don't know what to do or how to appraoch being financially independent then it becomes a mirage before you.

You can achieve what you have set your mind to achieve if you have the requisite information. It is not how much you earn as income that is the problem but what information you have before you to do with your income. Many feel that their income is too small to save a part of it. Practice saving 10% of your income no matter how little. Do this over time and you will find out you have saved enough to start small. Are you in the category of those who want to start today and grow big in the shortest possible time? You should have three fold plan: Short term, Mid term and Long term. It's a common a saying "think big, start small". The words of Jim Rohn above is a clear and explicit analysis of thinking big and starting small.

Begin now, to turn part of your income into capital. As you are building up the capital you are thinking of what best you can venture into. When finally the enterprise is in progress learn to make profit. Having made profit doesn't make you financially independent. Profit has to be consolidate and the way to get that done is to invest your profit. Investment will make you a business owner and by that way you are free to be any were you want to be without been tied down by income.

Am waiting to hear your successful investment story. Only you can stop you from FINANCIAL INDEPENDENCE

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