Archive for the tag: THINGS

The SEVEN Things You NEED To Learn for Your Financial FREEDOM – Robert Kiyosaki

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The SEVEN Things You NEED To Learn for Your Financial FREEDOM - Robert Kiyosaki

When Robert Kiyosaki was young, his poor dad always told him the best path to success was to go to school. This was and still is advice spread to young people around the globe.

The problem is, what does school teach you about money? Nothing!

Robert’s rich dad, on the other hand, didn’t have a college degree. He had to drop out of school in order to help run his family business, which started as a local store. Yet he was very rich and successful, eventually building a real estate empire complete with a hotel on the beach.

The idea that school will make you a success is perpetrated everywhere and all the time. What will make you rich is not going to school and learning book smarts but rather gaining financial smarts—learning how money works and how to make it work for you.

You need to learn to speak the language of money to be successful. That takes financial education, which opens up a whole new world, a world where you can succeed on your own terms. Unfortunately, our schools don’t teach that language. They teach you the basics, and then they either teach you a specific trade or skill, or they simply train you to be an employee.

Watch and find out the seven things they don’t teach you in school, but that are imperative to financial freedom.

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8 THINGS YOU MUST AVOID BECOMING DEBT FREE – Mistakes We Made Paying Off Debt For Three Years

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Becoming debt free is a HUGE deal. It took Brittany and I 3 years to pay off our debt and become debt free. Here are some things we learned to avoid.

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1) Doing it Half Way.
If you’re going to become debt free, go all in. Be dedicated to it. If you do it half way, you may not make it and it will take twice as long as it could have. The more energy and effort and sacrifice you make to become debt free, the faster you’ll become debt free.

2) Wrapping your identity into your car.
Dave Ramsey often suggests to people who are in a bad financial situation to sell their cars if it makes sense. Trade it in for a beater. It definitely made sense in our situation. I traded my ,000 Toyota Prius in for a ,000 2004 Acura TL that I STILL FINANCED. I should have traded down even further for something like k or k. We would have been debt free a month or two more quickly.

3) Not doing a written budget.
Budgeting allows you to track every single dollar you earn and spend. It’s basically a 30,000 foot view of what’s happening with your money. It allows you to see what’s happening with your money so you know what changes to make to bring you to your goals financially. Don’t over think it. Don’t argue about it like we did. Don’t think you can keep track of every little thing in your head. You can’t. Just do a budget.

4) Not sticking to the budget.
A budget is something both of you do together and agree upon (if married). Be realistic with your budget. Practice self awareness. Don’t make a budget you don’t think you can stick to, or else it will lead to feelings of failure.

5) Not giving yourself “fun money”
I’m the type of person who can sit at home and play video games all day, eat the same thing for every meal, and be totally fine. Brittany not so much. Know yourself well enough to determine if you need a few dollars to play around with every month.

6) Not celebrating small victories enough
Give yourself a moral boost. When you pay something off, celebrate it somehow. Don’t go spending 0 for a high end dinner, but mark the victory with something.

7) Not communicating about purchases
This one is mostly for married couples. Communication is kindness. Everyone knows the leading cause of divorce is finance related. Communicate with your spouse about money. Over-communicate. The lack of communication between Brittany and I at the beginning led to a lot of arguments.

8) Going to the grocery store while hungry.
Don’t do it! If you’re hungry, you’re more likely to spend more than you need to on food. We did this a lot.

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