November, 2008
Millionaire Education
I know that you don’t have to make a lot of money to retire someday as a Millionaire. I do believe you do need to have good control of your spending. I believe you need to have a budget and live with in it. I believe you need a Financial plan, a plan for one year, five years, 10 years and so on. With out a plan or a goal it is a challenge to know where you are at financially.
How do you Spend your Money?
The first step to achieving Debt Freedom is to control your spending. You need to spend less than you bring home. Becoming Debt Free isn’t Rocket Science and it isn’t easy. If you have debt, the only way you can pay it off is to pay towards the principle. If you just make the Minimum payments each month on your debt it will take a long, long, long time to be Debt Free. If you do not control your spending you will just keep creating more Debt. Managing your home finances is much like you if you owned your own business. If you have a Business you need to spend less than you bring in for sales or you could run out of money and go out of business.
