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.