Ways to be debt free: Keeping your goals

 source: http://creditrepairtipsandadvice.com

I guess this is the last step in achieving debt-free status(or should I say this is the unending step) that you and I has to do. Let us recap the steps:

1. Accepting that you  are buried in debt

2. Make an inventory of what you have

3. Discipline

4. Setting Goals

If you think the rich has no problem keeping their goals because they have a lot of money your wrong. People who are truly rich(as differentiated who are just rich) struggle the same way simple person like you and me  in keeping one's goal. 

But there is a difference.

Persons who are struggling to keep their goals who are buried in debt worry asking themselves where in the world where will they get money to solve their debt problem. 

 source: http://www.learnvest.com

Truly rich people on the other hand worry how are they going to generate money from their money to pay off current spending.

 source: http://mamacanon.blogspot.com

If you have read Robert Kiyosaki or Bob Procter this is what they call "the role of money" in one's life.

For people buried in debt or financially illiterate, they work for money. Day in day out even though they have earned billions or even trillions but they are still buried in debt so they keep working for money thus they become slave of money.

 source: http://i38.tinypic.com

What should we be doing then? We must make money work for ourselves by becoming the master of money. 

You might blurt out the Bible says "Love for money is the root of all evils" and I agree with you so you ask why then you want me to be the master of money?

Here is one truth: Money is neither good nor evil, its the person using it that is good or evil.

So let us make things straight, whether you are rich or buried in debt we face the same struggle in keeping our goals. If you are debt free your goal is to get out of debt. When you do get out of debt and become rich never ever stop keeping your goal to be debt free. Continue that goal and whatever extra you have save it and make it work for you. 

 

When you finally become rich my friend please do me a favor. As the master of money use it wisely. 

There is another truth I have learned and I want to share it to you: The best way to enjoy blessings is to share it. 

When you are at the giving end it feels so good and it creates that "ABUNDANCE MENTALITY" thus you struggle more not to get out of debt(because you are not anymore) but to make money work for you so that you can give more.

Why invest?

That is the question one must ask herself or himself. Why invest?

The world is still in middle of the crisis brought about by the financial downturn in the US and the current debt problem of Greece. Bailouts and measures to ensure that economy keeps on rolling are being made in all parts of our world so that economies will have a sound standing to keep the money running. So why invest still amidst this terrifying news we hear day in day out?

As Bob Proctor said in his book "You were Born Rich" money must keep on rolling and as Robert Kiyosaki has re-iterated in his book "Increase your Financial I.Q." even though the value of money is going down we must not be stump and hoard all our money and keep it under our beds. Money itself loses its value and when we don't let it roll and grow by means of investing in 5 to 10 years your hard earned buck might be not be able to buy that gum you use to buy in the convenient store. 

Time has this magic that either makes things better or worse. So how will we combat this value losing mechanism? That is where investing goes. Many people think investing is investing in stock, but in reality there are so many ways to invest. You can invest in business or some others term it cashflow, in rental property, or in paper assets which are commonly in the form of stocks or bonds. 

Yes it is scary when we put our hard earned in the stock without you knowing how much will you get back in return. But that is only when you invest in stock for the short term. The stock market goes up or down depending on economic forces. It seems that you have a limited control over it; the thing is investing in stock is better down on long term. Most great investors call this dollar/peso averaging. It means that we don't look at the changes on a day to day basis but rather on a longer range let say 5 to 10 years. 

Why invest?

That is the question one must ask herself or himself. Why invest?

The world is still in middle of the crisis brought about by the financial downturn in the US and the current debt problem of Greece. Bailouts and measures to ensure that economy keeps on rolling are being made in all parts of our world so that economies will have a sound standing to keep the money running. So why invest still amidst this terrifying news we hear day in day out?

As Bob Proctor said in his book "You were Born Rich" money must keep on rolling and as Robert Kiyosaki has re-iterated in his book "Increase your Financial I.Q." even though the value of money is going down we must not be stump and hoard all our money and keep it under our beds. Money itself loses its value and when we don't let it roll and grow by means of investing in 5 to 10 years your hard earned buck might be not be able to buy that gum you use to buy in the convenient store. 

Time has this magic that either makes things better or worse. So how will we combat this value losing mechanism? That is where investing goes. Many people think investing is investing in stock, but in reality there are so many ways to invest. You can invest in business or some others term it cashflow, in rental property, or in paper assets which are commonly in the form of stocks or bonds. 

Yes it is scary when we put our hard earned in the stock without you knowing how much will you get back in return. But that is only when you invest in stock for the short term. The stock market goes up or down depending on economic forces. It seems that you have a limited control over it; the thing is investing in stock is better down on long term. Most great investors call this dollar/peso averaging. It means that we don't look at the changes on a day to day basis but rather on a longer range let say 5 to 10 years. 

Why invest?

That is the question one must ask herself or himself. Why invest?

The world is still in middle of the crisis brought about by the financial downturn in the US and the current debt problem of Greece. Bailouts and measures to ensure that economy keeps on rolling are being made in all parts of our world so that economies will have a sound standing to keep the money running. So why invest still amidst this terrifying news we hear day in day out?

As Bob Proctor said in his book "You were Born Rich" money must keep on rolling and as Robert Kiyosaki has re-iterated in his book "Increase your Financial I.Q." even though the value of money is going down we must not be stump and hoard all our money and keep it under our beds. Money itself loses its value and when we don't let it roll and grow by means of investing in 5 to 10 years your hard earned buck might be not be able to buy that gum you use to buy in the convenient store. 

Time has this magic that either makes things better or worse. So how will we combat this value losing mechanism? That is where investing goes. Many people think investing is investing in stock, but in reality there are so many ways to invest. You can invest in business or some others term it cashflow, in rental property, or in paper assets which are commonly in the form of stocks or bonds. 

Yes it is scary when we put our hard earned in the stock without you knowing how much will you get back in return. But that is only when you invest in stock for the short term. The stock market goes up or down depending on economic forces. It seems that you have a limited control over it; the thing is investing in stock is better down on long term. Most great investors call this dollar/peso averaging. It means that we don't look at the changes on a day to day basis but rather on a longer range let say 5 to 10 years.