SELF-IMPROVE-BLOG

Consider the following elements on your quest to getting out of debt into financial independence:

• Review how you got into debt in the first place.
• Analyze your current credit status
• Make a quality decision to get out of debt
• Set attainable goals
• Renew your mind with God’s word
• Move from being a consumers to becoming a producer
• Develop your skills
• Increase your giving regularly
• Be a tither (if you are a Christian)
• Become an investor (money, talent, time)
• Spend less than you earn
• Create multiple streams of income and,
• Declare war on the spirit of poverty.

The simple rules for achieving financial independence by anyone interested in bringing changes to their economic status can acquire a doable and complete understanding of them. To get where you want to go, you need to know where you are.

• Complete your own financial statement. This is your first step in taking control of your financial future. How much passive income do you have today?
• Spend less than you earn and save or invest the difference
• 10%, 10%, 80% rule, Save 10% of your income, tithe 10% of your income and the remaining 80% is yours to spend.
• Pay yourself first
• Resolve in advance to prefer financial independence to status
• Practice frugality in all your financial decisions.
• Develop the quality of patience long-time perspective, in becoming wealthy.
• Your income can grow only to the extent you do
• If you want to change the out-formation you will have to change the in-formation.
• If you want to change the visible, you must first change the invisible

Financial independence is possible for anyone who takes the time to diligently develop the right financial mindset, make the necessary lifestyle changes that could sabontage the efforts and following action plan consistently and not haphazardly. Jim Rohn the America philosopher said that for things to change you must change. Lets go to work on you and you will find that the benefits are immeasurable.

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“Make all you can, save all you can, give all you can.” John Wesley

To achieve financial independence, you have to reprogram your mind from being poverty-minded to having a wealthy mentality. Both poverty and wealth are the result of your mental state, and you become financially successful in your thinking long before you achieve it in reality. Hence, having a sound mind is relevant to you financial future. If you can settle this issue in your mental faculties, you certainly can settle it in your checking account securing a stable financial future.

Most people want to get out of debt and be financially independent, however, desire, although a necessary element for becoming wealthy, is not enough by itself. You need information, self discipline, action plan and goals towards which you must take steps. It is also imperative to deal with certain aspects of your life, such as your spending habits, “living like the Joneses”, lack of frugality and other dysfunctions that could militate against financial future.

Your most important responsibility as an individual is to achieve financial independence for yourself, family and your community. The Bible lets us understands that “A good man leaves an inheritance (not debts and the fear of creditors) to his children’s children” (Proverbs 13:22a author’s words in parenthesis). Your financial prowess will enable you provide basic amenities and infrastructure such as pipe borne water, schools, recreation centres and good roads for your community as you are your brother’s keeper.

You are responsible. The most important personal decision you can make is to accept complete responsibility for everything you are and everything you will ever be. Financial freedom is only possible when you accept complete responsibility for your financial situation. The acceptance of complete responsibility indicates your refusal to make excuses or blame others for your current financial dilemma. You refuse to criticize others for any reason or to complain about your financial predicament but must accept full responsibility for your current situation before any meaningful and lasting changes can occur financially or any other aspect of your life for that matter.

The acceptance of responsibility is the foundation of high self-esteem, self-respect and personal pride that are necessary ingredients for goal setting and the momemtum needed to drive you toward that goal. Financial independence begins with specific, attainable goals and definite plan for carring out your desire. You must decide exactly on the amount of money you intend to acquire, state the time limit for its acquisition. Then, you must describe clearly a detailed plan of action through which you intend to achieve your financial goals.

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An enterprising person is one who comes across a pile of scrap metal and sees the making of a wonderful sculpture. An enterprising person is one who drives through an old decrepit part of town and sees a new housing development. An enterprising person is one who sees opportunity in all areas of life.

To be enterprising is to keep your eyes open and your mind active. It’s to be skilled enough, confident enough, creative enough and disciplined enough to seize opportunities that present themselves… regardless of the economy.

A person with an enterprising attitude says, “Find out what you can before action is taken.” Do your homework. Do the research. Be prepared. Be resourceful. Do all you can in preparation of what’s to come.

Enterprising people always see the future in the present. Enterprising people always find a way to take advantage of a situation, not be burdened by it. And enterprising people aren’t lazy. They don’t wait for opportunities to come to them, they go after the opportunities. Enterprise means always finding a way to keep yourself actively working toward your ambition.

Enterprise is two things. The first is creativity. You need creativity to see what’s out there and to shape it to your advantage. You need creativity to look at the world a little differently. You need creativity to take a different approach, to be different.

What goes hand-in-hand with the creativity of enterprise is the second requirement: the courage to be creative. You need courage to see things differently, courage to go against the crowd, courage to take a different approach, courage to stand alone if you have to, courage to choose activity over inactivity.

And lastly, being enterprising doesn’t just relate to the ability to make money. Being enterprising also means feeling good enough about yourself, having enough self worth to want to seek advantages and opportunities that will make a difference in your future. And by doing so you will increase your confidence, your courage, your creativity and your self-worth, your enterprising nature.

This article was submitted by Jim Rohn, America’s Foremost Business Philosopher. To subscribe to the Free Jim Rohn Weekly E-zine go to www.jimrohn.com or send a blank email to subscribe@jimrohn.com.

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