Financial Freedom
Published on 7 Jul 2008 at 9:48 am.
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In the United States, we just celebrated Independence Day, to remember those individuals who provided the amazing freedoms we enjoy as Americans. Lately, the negative news has often overshadowed the endless opportunities that lay before each and every one of you. You are in a profession that has no limits, endless inventory and the ability to get paid what you are worth.
Starting in July, take 5% of your income and invest it in a Reserve Fund that is earmarked to invest in passive sources of income. The way to Financial Freedom is to have your passive income eventually equal or surpass your active income. There is no better time to make this move than right now. For individual accounts the Orange ING account is often one of the most lucrative. It’s amazing how opportunities will start to present themselves, when you have monies sitting in the Reserve Fund.
For Business Owners who are reading this, you should also establish Reserve Funds for every business account and place 5% of cash in or GMP into a high interest bearing Reserve Fund. It’s amazing how much more financial stable your business will be when you identify and invest in multiple sources of revenue.
Here’s to all of you attaining your Financial Freedom Day!
Barb Bruno, CPC, CTS
