Congratulations! You’ve gone through the first nine steps of reaching financial freedom. At this point, you should have sound money management, no debt, increasing income, a basket of assets and investments such as stocks and real estate. Simply put, you’re sitting pretty.
The focus moving forward is to tweak and make small improvements in your strategy and your execution of your plan. There is always room to improve, especially your execution.
Focus On One Area At A Time
I recommend focusing one area of your financial picture at a time, and set a defined incremental improvement that you will be shooting for. For example, maybe you’ve been averaging 8% returns on your stock portfolio. I would recommend shooting for 9%. While it seems like a small improvement, the results over time are actually huge depending on how much funds you have deployed.
These small, incremental improvements over time add up to large improvements. It’s important to view your financial life as a marathon, not a sprint. Many incremental improvements over time will result in a highly successful and sustainable long term financial strategy.
Good luck!
Jump To Another Step In This Guide:
- Step 1 – Assess Your Situation & Set Some Goals
- Step 2 – Get Out Of Debt
- Step 3 – Smart Money Management
- Step 4 – Boost and Diversify Your Income
- Step 5 – Reduce Housing Expenses
- Step 6 – Make Your Money Work For You
- Step 7 – Protect Against Inflation
- Step 8 – Invest In Cash Flowing Assets
- Step 9 – Pursue Complete Independence
- Step 10 – Make Incremental Improvements
