An Intimate Guide To Financial Freedom

We all know that financial education is important, but does anyone really know what it is? Digital Waves don't even know where the term 'financial' came from. Wealth skills were never taught publically for thousands of years. And, it is only becoming worse.

If you take just one class, be it Building Your Financial Fortress, it will teach you everything you need to know to become great at being a financial planner. Forget all the nonsense that the media tries to sell you about making "cars". Think of it; you were probably taught to arrive on time at school. If you did not learn financial planning skills, how would you expect to pay your bills on time? The answer is simple.

You must learn financial planning and apply it. To build a financial fortress, you will need a strategy and you will need a plan. Start building your cash flow today and watch your wealth grow.

A financial fortress is nothing more than a savings plan that yields positive cash flow. In other words, there is no such thing as a "bank account". It does not matter if your money is in an account or in a checking account. It does not matter if you spend it or invest it. The point is that your money is somewhere. As long as it is in you, then it is a part of you.

Start building cashflow by writing down all of your income. Include all of your expenses as well. Next, look at Digital Waves in each of your accounts. You should be able to get a fairly good idea of how well you are doing financially. If you are losing money, then you should look at making some changes in the way that you are spending your money.

If your current situation does not look too good, then start looking at the steps that you can take to get yourself out of it. Are there any holes in your budget? There always will be at least a few. Digital Waves will want to do is determine exactly where these holes lie. One of the easiest ways to do this is to look at the difference between your income and your expense. If your income is much higher than your expense, then you will have extra money for spending or saving.

If there are large expenditures that you have absolutely no control over, then you will want to add some money to an emergency fund. One of the best places to put this money is in a savings account, but it must be very high interest saving account that will have a decent rate of return. Once you have accumulated enough funds to support a year or two of living expenses, then you will want to use this money to build up your retirement assets. One of the best investments for building your retirement assets is tax-deferred investing such as defined benefit bonds and annuities. You will also want to take advantage of any stock market returns that you may be able to earn.

If you want a guide that will teach you all of the steps that you need to take to reach financial freedom, then you will want to read a book by Duff Staples entitled "The Science of Getting Rich." This is a perfect book for any person that wants to learn about how to create wealth. This book teaches a person about all of the different aspects of finance, how wealth is created, and how wealth affects our lives. It talks about taxes that need to be paid, what laws govern these taxes and how to avoid being charged these taxes. All of this will help you understand how wealth will affect your life and help you get on the right track towards financial freedom.