The Simple Path to Financial Freedom
Personal finance is a complicated subject, and the path to financial freedom littered with those who have given up somewhere along the way.
On the next slides are the 7 simple (but not necessarily easy) steps to financial freedom. So what are you waiting for? Read on!
If you don’t have a clear purpose, you will inevitably give up somewhere along the way.
Make a Plan (Find Your Why)
Think of this as the research phase. You can’t know where you’re going until you know where you are.
Track Your Spending (Where are You Now)
Controlling your spending in one category allows you extra room in another. Obviously a big part of your budget should be going into savings – paying your future self first.
Make a Budget
If you’re just getting started with getting your finances under control, I recommend you scrimp, save, borrow, and steal to put $1000 into an emergency fund.
Establish an Emergency Fund
Now you can start attacking the debt balances and make a plan to pay them off. This could be credit card debt, student loan debt, medical debt, etc.
Pay off Debt
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