Financial Blueprint
Are you ready to makeover your finances and put yourself and your family on the proven path to success? These seven steps to financial freedom ensure you get out of debt, save for a rainy day, and build wealth in the optimum order. They have been used by hundreds of thousands of people to get out of debt and build wealth.
If you intend to become financially secure you must get moving with a plan. Here is what you do…
Step 0: Get current with everything
Make sure you’re current with all of your outstanding debts and can continue paying the minimum amount due each month to keep them current. (More later if you’re struggling to hit this mark)
Step 1: Save $1,000 in the bank
This is your starter beginner emergency fund. Some of you already have $1,000 so just name it that.
Step 2: The Debt Snowball
Pay off all of your debts smallest to largest (and do it quickly!).
Step 3: Fully Funded Emergency Fund
Now that you’re out of debt it’s time to raise your emergency fund up to a full three to six months of expenses.
(Steps 4, 5, and 6 we’ll do at the same time.)
Step 4: Retirement
Contribute 15% of your pre-tax income to retirement savings.
Step 5: Kids College
Contribute to a savings plan to fund your kids college.
Step 6: Pay off the House
Any extra money you can scrape together you throw at the house.
Step 7: Build wealth
Now it’s time to get really really rich and give a bunch of it away!
You can start NOW!
Contact me for a FREE 30 minute coaching session. Or sign up for the free Foundations eCourse!
