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Financial Freedom, like salvation, is available for EVERYONE. However, even though we have access to it, there are principles or “commandments” that should be obeyed. So, here are the “10 Commandments for Financial Freedom.”
COMMANDMENT I: THOU SHALL MAKE IT A LIFESTYLE CHANGE, NOT A FINANCIAL DIET!
Diets are meant to be temporary; and if you can’t sustain it, old behaviors may return. Make positive financial changes that can be easy to incorporate in your “Lifestyle” and can be maintained over time to improve and enhance your financial situation.
COMMANDMENT II: THOU SHALL GET ORGANIZED
Get all of your financial statements and bills organized. This will be helpful when building and updating your spending plan (aka a budget).
COMMANDMENT III: THOU SHALL START SMALL
Every little bit counts with building savings. Start with a small savings goal and build up over time.
COMMANDMENT IV: PAY YOURSELF FIRST!
Saving is the key. Not only for emergencies but for opportunities and your future. Make sure you put your oxygen mask on first financially to ensure you have enough to help yourself and your family.
COMMANDMENT V: WAIT!
Before deciding to make a large purchase, give yourself a few days to think about the purchase or find a cheaper price. Buyer’s remorse is a pain in the …. (you know what)!
COMMANDMENT VI: THOU SHALL PAY BILL ON TIME
Structuring when your bill payments are due will help you comply and regulate your spending plan (aka budget). Paying your credit accounts will help improve you credit reports because payment history is 35% of credit scores.
COMMANDMENT VII: THOU SHALL LEAVE CREDIT CARDS AT HOME
Use cash as much as possible! This will help you take control of compulsive spending and avoid adding on to existing debt.
COMMANDMENT VIII: NEVER FEEL DEPRIVED
Feeling deprived leads to splurging. So, don’t focus on what you can’t do or spend. Rather, focus on what you will be able to do and spend when you plan and budget for it.
COMMANDMENT IX: THOU SHALL TREAT YOURSELF
Do something small and frequent to treat yourself for keeping up with your spending plan (aka budget) and the goals you set for yourself. Moderation is key, so make sure you Reward Yourself Responsibly.
COMMANDMENT X: THOU SHALL BE CONTENT
One of life’s greatest pleasures is to be content with what you have. It is good to desire more to drive you towards your goals and plans, but being content makes the journey more pleasurable.
Comply with these commandments and enjoy the Financial Freedom you desire and deserve!
Love it! I’ve recently set my debt repayment rules too!