How to Achieve Financial Freedom in 7 Days
Become Financially Free
To become financially independent in seven days, follow these steps:
Day 1 – Set your goals and state your intentions. Why do you want to do this? What do you foresee the end result of the process being?
Day 2 – Analyze your current financial situation. This includes everything from credit card debt or student loans to your current income. Be candid. Don't hide things from yourself and don't be afraid to get a look at the big picture.
Day 3 – Pay down any debt possible. The return on money sitting around in a bank or in a short term investment is never going to match the money you will lose by not paying down debt. Any extra money should be used to pay down as much debt as possible.
Day 4 – Cut up credit cards. Unless a credit card has a legitimate and immediate use, cut it up. It isn't doing you any favors by tempting you to spend your hard earned money (or your not-earned-at-all-yet money either).
Day 5 – Create some new savings habits. Don't work on any investments until you have an emergency fund set up that will fulfill income needs for three to six months.
Day 6 – Set a budget. This step is ostensibly self explanatory. Make sure to include all bills and expenses in the budget in addition to any new savings habits.
Day 7 – Follow through. This day is going to be devoted to setting the entire process into motion. Start consolidating debt if possible. Change the due dates for all bills to the same day if possible. Start tracking finances on a weekly basis (maybe even a daily basis). Put changes outlined in the budget into action. Change or modify direct deposits and transfers to be in line with new goals.
Live Debt Free
Stop stressing about money and do something about your financial situation. Financial problems don't happen overnight and they aren't solved overnight either, but following this simple seven day plan will allow you to pay off your debt and become financially free. Everyone wants to achieve financial freedom and yet, at the same time, not many people act on those desires. Small and easy changes performed one day at a time are the perfect solution.
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