100% Debt-Free - Steps on Financial Freedom
0B0-102 Each of us is now experiencing the downfall of the economy. Our salary is lower compared to our actual expenses. Given this kind of situation, debt is so tempting. But if you come to think of it, debt makes us poorer and poorer. If we could avoid, then we will be free from financial agonies right? Isn't it great if we are 100% debt-free with some savings in the bank? You might find it impossible but why don't you try the following steps on financial freedom:
0B0-104 Learn to live according to what you have less 10%. Every pay day deduct a certain percentage that will serve as your savings especially for unwanted or emergency cases. You can never tell when an accident will occur, so it is better that you are prepared, otherwise you will be forced to owe money. With the money left, buy first those that you consider as necessities for your daily living. It is highly recommended that you should purchase strictly those items that are listed in your "things that you need to buy" notepad. If you have some extra money left, then it is time to treat yourself or your family.
In addition, one of the main steps on financial freedom is finding or having a friend who will remind you if you are already exceeding or near the budget limit that you have set for yourself. There are tendencies that you could neglect following your own rules. This is a double purpose situation actually, you will not only gain financial freedom but you will know who your true friends are. True friends will tell you if they can see that you are falling for the debt hole.
0B0-105 Furthermore, one of the most important steps on financial freedom is by knowing yourself. You don't have to depend solely with other people regarding with your financial freedom. No one could fully help your financial condition. It all goes down to no one else but you. It would be great if you develop the sense of responsibility and honesty. Be responsible with your actions and be honest to admit that your money is just up to that amount.
The steps on financial freedom are very simple, self-explanatory and basic. What makes it complicated are the actual situations that you encounter. But if you know your limitations, you could avoid creating debts. Remember, once you're into that deep and dark hole of debt pile, it would be very difficult to come out. So never go near its mouth in the first place, avoid being swallowed by debt.
0B0-104 Learn to live according to what you have less 10%. Every pay day deduct a certain percentage that will serve as your savings especially for unwanted or emergency cases. You can never tell when an accident will occur, so it is better that you are prepared, otherwise you will be forced to owe money. With the money left, buy first those that you consider as necessities for your daily living. It is highly recommended that you should purchase strictly those items that are listed in your "things that you need to buy" notepad. If you have some extra money left, then it is time to treat yourself or your family.
In addition, one of the main steps on financial freedom is finding or having a friend who will remind you if you are already exceeding or near the budget limit that you have set for yourself. There are tendencies that you could neglect following your own rules. This is a double purpose situation actually, you will not only gain financial freedom but you will know who your true friends are. True friends will tell you if they can see that you are falling for the debt hole.
0B0-105 Furthermore, one of the most important steps on financial freedom is by knowing yourself. You don't have to depend solely with other people regarding with your financial freedom. No one could fully help your financial condition. It all goes down to no one else but you. It would be great if you develop the sense of responsibility and honesty. Be responsible with your actions and be honest to admit that your money is just up to that amount.
The steps on financial freedom are very simple, self-explanatory and basic. What makes it complicated are the actual situations that you encounter. But if you know your limitations, you could avoid creating debts. Remember, once you're into that deep and dark hole of debt pile, it would be very difficult to come out. So never go near its mouth in the first place, avoid being swallowed by debt.
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