Financial Independence

In this Independence Month, let’s set out some rules and action items that can bring you some Financial Freedom. Here are the Top 10 rules and actions you can follow that may help you create Financial Independence.

1. Live way below your means.
2. Build good money habits. 
   1. Pay mortgage/rent on time
   2. Don’t bite hand that feeds you
   3. Never borrow money
   4. Repay debt without being asked
   5. High FICO score
   6. Be Disciplined
   7. Collect receipts
   8. Carry little cash
   9. No bounced checks
   10. Pay your own way
3. Avoid debt by all means.
4. Pause purchases.
   1. If you think you need or want something, wait 6 months before you purchase it and then Re-evaluate the necessity.
5. Financial Health
   1. Seeking Professional Help
   2. Have Like Minded Friends/Mentors
   3. Set Boundaries with your money
   4. Positive Attitude
   5. Accountability with your budget
   6. Accountability with your Savings
   7. Accountability with your Goals
   8. Stop comparing to others
6. Build long-term savings.
7. Wealthy Habits
   1. Automate your investing
   2. Diversify
   3. Read good books and articles discussing money
   4. Remember – the person that cares the most about your money is YOU!
8. Protect loved ones.
9. See more and spend less.
10. Savings to cover 6 months of expenses.