“I think the biggest lie facing society today is that if you go to school, get a good education, and get a good job, you will somehow reach financial independence. The reality is that, after working for 40 years, you will hopefully retire on 40% less than what you could live on in the first place.
In today’s episode, we will be discussing the Five Steps to Financial Fitness and how you can set your family up for financial independence in five to seven years without increasing your income.
I had to read a lot of different books, take a lot of different courses, and finally, piece it all together to create something that was simple, easy to apply, and would work for a very busy mom who doesn’t have a lot of time to set aside trying to figure out how to get off the wheel.
If you feel like you are working hard and doing everything you know how to do to succeed, but still not achieving the results you want, know that you are not alone.
Today’s episode highlights:
- Create a debt freedom plan, pay off your debt in 5 to 7 years, start with credit cards and make sure that you’re staying on top of that.
- Discipline is the beginning of all wisdom and financial independence actually comes out of discipline.
- Make a list of all of your debts and really face it, make sure to include your mortgage.
- Create multiple streams of income. Having your eggs all in one basket is actually a relatively dangerous way to live. It’s important to have upwards of 15 streams of income.
We know that becoming the CEO of your life in business is important. It is important to be a good leader, and to be a good leader, you need to be a good follower. Therefore, learning and growing is very, very important. Make sure that you are assessing your income streams and really deciding on one thing you can learn and start today or tomorrow, that would allow you to move forward. CEOs do not leave their results to chance; they know that the decisions they make come from the data that they collect.
Become the CEO they’ve always wanted to be.
Links mentioned in this episode: