How do I become financially free with certainty and in the fastest way possible?

 Open up a separate bank account and call it your “Financial Freedom Account” and start saving 10% of your income into the account every month now.  The rule with this account is that you will “never spend the money!” it is only invested and only invested in “assets” that can’t be lost and that give a monthly passive income.

Attend a group meeting at least once a month which is focused on moving you to your next step on your journey.  This group should have a “Burning Desire” and should have “Absolute Faith” that they will become wealthy and this will allow and enable you to do the same.

Find someone experienced in becoming wealthy (who is wealthy) to help you to allocate a small sum of money to a second account to help implement your Money Machine to create an extra income within weeks (sometimes days) of starting, to start feeding your financial freedom cycle.  The rule with this first account is that you will only have access to spend this money on your Money Machine when you have completed your business revenue model and Money Machine plan.

This same person also needs to help you put a money management plan in place that enables your “Money Machine or ATM” to overtake any existing debts and replace your day job and subsidise your Financial Freedom Account to catapult the acquisition of assets forward by shortening the time between the purchasing of assets to generate the best kind of income, passive income.

The above four points are practical and gives you a map to achieve financial independence and then freedom.  It also deals with the most common thing that slows you down, the time it takes to purchase assets, and implements our FIRST “Catapult Effect” directed at shortening the time line to achieving your first financial goal.  Time is the only thing we can’t get back and time is the most valuable resource we want to have in freedom so let’s put the correct emphasis on time and achieve our financial goal in the shortest reasonable time period!

Jonathan Godney

Taking Action, Making it Happen with The Financial Freedom Mastermind
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Comments on: How to Create Your Household (Forecast) Budget

Thank you for your article:   How to Create Your Household Budget

Article Comments:

The term forecast rather than budget far better describes a monthly income expense plan and puts the power in the planners hands rather than a budget that attempts to limit with rules and structure.

I would suggest a focus of working on or with your debt in addition to building wealth rather than just a focus on eliminating it.

It's far better to implement a money management system which looks after our basic needs and the existing debt, and understanding and changing the financial behavior which has not taken you to where you desire to be. There is no point in repairing debt if the behavior that caused it is not dealt with. After the behavior repair, there is also the learning of what needs to be done to handle future long term needs and desires.

In addition to dealing with the necessities of life and the long term saving for spending there also needs to be something which handles our personal month to month wants. This quite often is hidden with the necessity expenses. By liberating these expenses, adding a bit extra, and putting some privacy rules in place we are given a small element of independence to blossom with and can also avoid the terrible financial sabotage that happens when a big ticket item is purchased on credit or with valuable savings with the excuse of "we deserve it" or "its an investment". Over spending is due to our over valuation of current selves over our future selves and lack of basic financial knowledge. The discussing of your budget each month is the essence of what turns a budget into a monthly forecast that takes into account all and allows for the planning of your finances.

Lastly there is the element of building wealth for security, a lifestyle change or for future very large expenses like children's education, paying off your home or retirement. The essence of which is putting savings into the right assets and catapulting your passive income growth by building an ATM or money machine which hugely shortens the time line.

To our health, living more of our purpose and in love.

Jonathan

If you are working toward quitting your job "Taking Action, Making It Happen"is here to quickly help you achive your goal.

Hugely increase your success by focusing on what you have the most skill in!

For any one of us to succeed we must have a burning desire to achieve a goal, then absolute faith in ourselves and our ability to make it happen.

It’s through creating an action plan then taking massive action and persistence and persistence and persistence with supporting factors like a mastermind, a team, tax planning to maximise income, ... and a good few more things that success happens.  We teach this in our “Making it Happen Alliances”.

Join us at our Taking Action, Making It Happen meetings where you find encouragement to become financially free.

Our burning desire and absolute faith and all these things are the foundations for the business and each of us are coming from a different place so the sequence of events is important to be effective for that person. 

The what (business) you are doing and your skills in that business determines how much effort is needed to fulfil to provide the service or product through the business in addition to the marketing and sales requirements.

The learning to create income through a business is a massive task and if you are going to add extra effort in needing to also learn and develop a passion or dream or love you are literally halving the chance of success because you are doubling the effort to get up and running.

I teach that for your first business don’t focus on your love or passion or dream in life, focus on what you have the most skill in and create a business around that first.  The success of your first business will give you valuable knowledge on how to make money from something (you would have experience in learning to earn) and can be transferred into the second or third business which might be your love or passion or dream in life and you would be so much more successful in it also!

Take action, take control and measure your success!

Jonathan