Today’s post is a quite unique as I will not be discussing the detailed quirks of stock market investments but will be focusing on a broader topic of finance, more specifically personal finance or what personal finance writers call as “financial freedom.” What compelled me to write about this subject is that a reader of this blog sent me this interesting email. Since the message he sent is a bit long, I have only presented parts of the email just to let you understand what his current situation is and how this relates to his questions. Here is his email in relation to his question regarding financial freedom. “ . . . I've been working here in Bahrain for two years now but I must confess that I dont have any idea of what savings and investments are all about. For two years, my financial cash flow is this: all I have to do is to wait for payday then "remit" then whatever is left is to be expended until the preceding payday comes. This was my routine. . . . . . Until I … [Read more...]
6 Steps to Financial Freedom
Being a member of the International Marketing Group, I am so blessed to have learned the concepts of financial management at this early stage of my life. I may still be starting out, but at least I’ve got the fundamentals of financial management correct now. I’ve always believed that God wants me to be responsible for my time, treasures and my talents. I have worked hard to manage my time and talents but it is my treasures that I have no idea of managing. My best friend in high school introduced me to IMG just this year 2007 and I am glad I became a part of the company. My blog schedule for today is on financial management so I want to share with you IMG’s 6 steps to Financial Freedom and how it has applied to me: 1.) Increase cash flow a.) Earn Additional income b.) Manage expenses - I have strived to follow the first step by earning both active and passive income through IMG’s system. I have also managed to teach part time and at the same time explore the … [Read more...]