7 Simple Steps for Achieving Financial Freedom

(it is possible)

When you think about living debt free, it seems like an unlikely thing in today's day and age. Our lives are predicted by the financial strains that leave us overwhelmed and broke.

You are not alone.

Too many people live in this bondage to the debts that they, themselves, owe.

Financial struggles can also hurt more than just your wallet. They cause stress that can lead to obesity, digestive issues, insulin resistance, ulcers, poor nutrition, lack of sleep, strains within a marriage and so much more.

I am here to tell you about a company that understands financial hardships and how they can cause negative effects on life. They strive to help YOU and Me gain financial freedom. They give resources that can improve almost every aspect of your life, while helping you earn a living by simple using the products.

Financial wellness - getting out of debt - securing your financial future - with physical wellness, environmental wellness, and personal wellness, is part of the total wellness concept that this wonderful company teaches and encourages, all while Financial Freedom is at the heart of the mission to enhancing their Marketing Assistants lives.

When we stop paying interest and start earning interest, we discover a sense of peace that we have never felt before. This peace is achieved by following simple, step-by-step plans that focus on aggressively conquering our debt, budgeting our finances, and being wise in building our own wealth.

Once we achieve total financial wellness in our lives, we can help others achieve total financial wellness. At this point, if you still have debt that you are living with, it is time to dump it once and for all, and don't look back!

Here are seven simple principles that will help you achieve financial wellness:

I am here to help you on this journey!

Start an Emergency Fund. - Debt that spirals out of control usually begins with an emergency. Just think about it, your car suddenly breaks down or your child has an accident and you find yourself in a situation where you don't have the money to shell out for the repair or hospital bills that are pouring in. You are living paycheck to paycheck. What do you do? Well, the easiest is to reach for the plastic and pay with a credit card. Next thing you know, the monthly bill comes, you start paying the minimum until it becomes to much to pay and now you are stressed out because you robbed Peter to pay for Paul. AVOID the nightmare and instead work over the next 90 days to establish a savings fund of $1,000. If you can save MORE, that is wonderful! This money can and should ONLY be used to save you when it starts to rain (or pour!)
Reduce your Expenses. -Find ways to cut spending. You might be surprised at how many things you pay for that, well, maybe you don't really NEED. Using coupons, giving up the cable or shopping around for a better overall price, and buying in bulk can help reduce costs and save money. You can also eat at home instead of going out- which usually comes with health benefits also!
Increase your Income. - Look for ways to find extra income to eliminate your debt. If you already work full time, consider a side business to bring in some extra cash. Sometimes increasing your income is as simple as asking for a raise. If you work hard at your job, you have a right to discuss compensation with your boss. (Or join the wellness company and earn a living while you use the great products!)
Power Roll your Debt. - When budgeting, compile a list of all your debts from smallest to largest. Make the minimum payments on all your debts except the smallest. Do everything you can to pay that one off as fast as possible. Once it is paid off, you can take the money you were paying toward it and put it toward the next debt. Each time you pay off a debt, the amount of money you have to pay off the next will continue to grow.
Pay off your Mortgage Early. - This is usually the last debt people have to pay off. If this is your only debt, don't be fooled into paying the minimum monthly mortgage. Doing so over the course of a 30-year loan means you've paid an incredibly large amount toward interest. That's money wasted. Paying your mortgage off 10, 15, or 20 years early can save you tens of thousands of dollars over the life of a loan.
Save and Invest Monthly. - Having a plan to cover future costs, like retirement and medical expenses, is the only way to be truly financially free. Begin by investing 10 to 25 percent of your monthly household income. Maximize 401 (k) and other low-risk retirement funds.
Invest Wisely and Give 10 Percent. - Diversify your savings portfolio so you can smooth returns and limit losses. Then give 10 percent of your income to those in need. Doing so will transform the way you view money. It will help you appreciate more the resources you have and allow you to bless the lives of others.

As we all find financial freedom, it is important to celebrate that cut up credit card, or the savings fund you successfully started. If you paid off that loan that just wouldn't go down, let alone away, make sure you share it with a great hashtag #whyilovewellness.

If you want to learn more about what I am doing to get out of debt, save for Christmas, and pay off pesky loans, click HERE. I have space for five (5) people who are ready to learn, live and be well and earn a living at the same time, on my Wellness with Kel team!