Saturday, December 11, 2010

Exposed: 7 Personal Truths about Finance
........And Simple Ways to Be Debt Free.
By Leslie Ademola.


7 Personal Truths about Finance & How You Can Be Debt Free

If you think you’re too young or old to be bankrupt. Think again. While money become scarcer with only few places to find it as many people with just the mentality. What is important about education and business? Seemingly complex things a bit simpler and fine tune one’s scope. This is fundamental - structure your mindset beginning by studying and having the knowledge of it set pace for you to be financially freed.

I remember Emerson said, “The man who can make hard things easy is the educator” and again said, “Knowledge exists to be in parted”. Today more than ever people really want to change the way they think about their finances and try to make open to ideas.

The worst thing to think money paper note is REAL MONEY. One step to being WEALTHY is identifying the intangible resources such as education, experiences, idea and then focus on passion. However, those who must be wealthy be ready to build uniqueness and most valuable to investors, entrepreneurs and clients. I always make sure that any idea I had for securing finance is based on reality.

What’s your finance status? How can we be prepared or at least alert to what is happening around? Do you make use of any slightest opportunity? What potential do your posses? How powerful is the ability inside of you? Think beyond your wildest dreams and live life of planning your financial future. True riches are an internal thing. You need a healthy mindset to be on top. When your mindset says you don’t have to invest now. That statement contradicts your state of mind disagreeing to your vision of building financial future.


Managing your finances can be one of the most difficult tasks for growing and establishing good business. No wonder that it often top the list as the most common news in the Wall Street and New York stock market.

One in every three average business owners are in serious “Debt” they could not identify in their mind of thoughts where the problems lied. This Debt can be a major factor in their decision making in growing up their businesses. Obviously they have made bad choices. Ideologies of this sort often make them to live in their own world. Best to keep it up, with new policies and innovation, still cannot get it right. Why? Over 90% of them believe money is scarce, and live within their means, which make them fall into Debts. Then, the 10% left agreed that money is meant for financial commitments such as investing and has helped them to work harder and expand their means. You’ll realize most business owners that belong to this category are debt free and wealthier.

Bad news when you have physical and tangible resources and think you are richest. It does not determine your level of wealth. But you talk about finances- how it is invested. You’ve beginning to experience the wisdom behind financial freedom. Here are seven (7) personal truths that could manage your finances and make debt free.


1. Anchor Cash Flow System Critically:

Cash flow is critical in keeping your business healthy. Cash flow management is responsible for cash that flows into and out of any business activity. It generates profits and make healthy. So having more money to make investments when necessary is what make you WEALTHY.
Be smart enough to monitor your finances where you are investing your money. You experienced no more financial limitation. I felt that most business owners only concern about their services and products for financial security. But never really think of living a real life of business.


2. Be Sincere To Yourself:

The safest and easiest way to unleash you from financial restriction is being sincere to your finances. It is incredibly a peace of mind for entrepreneurs and investors who largely depend on their investments. Be sincere to yourself make life appealing financially. One of the most important things in business world is seeing reality in financial execution and management.
In everything before hand, has to be financially planned and weighed for future commitments. Your emotions may be controlled by your environment so that financial intelligence can have a profound impact on peoples’ lives and create more business opportunities. Your new ideas will give business life vitality in every single day. How sincerely can you control your finances, people and the business? Do not wait for opportunity to come to you before you will exhibit honesty. Being sincere is a good choice.


3. Learn Financial Skill:

Learning a skill is a responsibility which naturally motivates you for financial success. And takes discipline, perseverance and determination to achieve it. Focus on your strength and master one thing at a time and begin earning a living from it. Pay attention to your ability and talent, it shorten the learning curve and reduce more risks in venturing. Invest in financial education - read books, attend life transforming seminars, financial conferences and listen to tapes, CDs and VCDs of successful people. It will improve your financial intelligence and relate you always with consciousness (or the education of investing): do a review of your financial statements weekly. Lock yourself with financial principles and applications it would thoroughly improve your financial status. Set financial goals that’s attainable and realistic.


4. Have Knowledge of REAL People REAL Money:

The amount of time spend with people determine how much money you can make from them. First step study money and investments, guide you to financial transformation. Use people (or customers) to design a financial empire and focused on the products or services that you can provide to them. People are financial assets essential for entrepreneurs and investors. Should we tragically lose a customer? Your financial positioning must be directional with aims and objectives to sieve customers and prospects into your funnel bait system.


5. Expect To Have a Loss:

First of all, loss is a bad news. Simply nobody wants to experience financial set back. Unfortunately, common sense in the financial community often frowned at loss. When you loss, prepare you mentally and emotionally for the big gains that come your way someday. If possible you've cultivate a “bounce back” attitude that ultimately leads to revitalize a falling business to a top business with high profit margin. You have created a roadmap that earns you a lifetime income. It can work when your financial plan is satisfactory and then knowing how to fight back is a great weapon! It makes survive and face challenges which flourish you in the world of entrepreneurship. And also constitute your destination for a financial windfall.


6. Don’t Assume Your Money In The Bank Is Making You Huge Profits:

Inculcate in you saving habit and target a purpose of investing your money into other investments to make it profitable. The way a business owners deals with money is investing and reinvesting, which predict long-term success. Many people place too much importance on money fixed in the bank. Indeed it has been arguments about saving habit especially saving to your bank account, which some people says determine one to be rich. Wrong perception! If there’s one good rule of business success is investing because it generates regular income at long run. This is what would make you wealthy. So keep it focus.


7. Decide What Kind Of Investment Suits Your Passion:

You have a passion, it energizes you to persist. Attend to your passion is a responsibility and a core investment. Note, saves you time and money. It designs you easily to work enthusiastically and figure out how to be financial independent. Invest your money in things you know something about that you’re interested in. Your deepest desire is being hungry for success. It can only be done when you find your gift rightly. The little secret of passion it creates wealth. Start investing in things you love. It’s a habit you might want to consider in order to build up your financial empire.

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