Personal Finance - Three Personal Finance Guidelines For Achieving Financial leisure

I am sharing these personal finance guidelines for anyone who wants to achieve financial freedom. Of course, everybody wants to have financial freedom...but wanting it is not always enough. You also have to be willing to do the work and (more importantly) to learn what is well going to yield results. These strategies for increasing personal wealth and financial leisure will help you to learn what works, and doing the work is up to you.

The First Step to Financial Freedom: Powerspending of Money

Personal Finance

The first of the personal finance guidelines is to spend money for value. This is the custom of "Powerspending" and it is one of the most commonly neglected strategies for personal wealth. Start by keeping track of all your financial transactions by writing them down. Then, go straight through the list every week and ask yourself: "Am I spending money in a way that adds value to my life or to man else's?" Things which add value to other people's lives are: paying interest on loans, spending money on things that do not add economic value to your life and which you do not well need and "bandit costs" such as late fees, overdraft fees, penalties, and so on.

Personal Finance - Three Personal Finance Guidelines For Achieving Financial leisure

The Second Step to Financial Freedom: Powerspending of Time

Powerspending of time is using your time to do things which will add economic value to your life instead of things which naturally waste time. Donald Trump talks about this in his book on construction wealth. He talks about the difference between the working class and the wealthy. The wealthy value their time and they commit spending their time creating and working plans and strategies for increasing personal wealth. Meanwhile, broke habitancy are more likely to do things like spend three hours a day Watching Tv or an hour arguing with the phone enterprise over a fee on their bill.

Start keeping track of how you are spending your time and ask yourself: "Am I spending my time on things which will help me add value to my life or not?" Most likely, you already know the answer...but it is prominent to be honest in order to motivate yourself to change.

The Third Step to Financial Freedom: Powerspending of Your Talents

Powerspending of talent is using your talents in a way that they add value to your life instead of to man else's. Brian Tracy said that every man has at least one idea a year that would make them a millionAire if they just acted on it. In the same way, all of us possess talents which could bring us a lot more wealth than we realize. The question is that we spend too much of our time investing this talent working for man else so that they can profit from our talent....and they are. In fact, they are generating more profit from our talent or else they would not be able to afford to pay us.

So take list of your spending when it comes to money, time and talent and begin focusing on Powerspending those resources towards construction your own financial freedom.

Personal Finance - Three Personal Finance Guidelines For Achieving Financial leisure

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