Getting Started on your way to Financial Freedom
This is going to be the hardest part of becoming financially free, getting started. I have spoken to many people and they all have the same excuse, they don't have time. What better to make time for? They have time to create debt but no time to get out of it. Strange, the logic is beyond me. I image that since you have read the book this far you may be a candidate to get started, well see…
Steps you should take to be on your way to financial freedom:
1. Get your paycheck automatically deposited to your checking account (Direct Deposit).
2. Get online banking with your bank.
3. Open a free brokerage account or a Roth IRA (both would be good).
4. Contribute $5.00 or more a week to one or both of these accounts. Use the online banking to automatically do this so you won't forget.
5. Once the money is in the account it doesn't exist anymore except for investing. Never pay a bill with it.
6. Once you have saved enough for an investment, purchase one. You should have been doing research this whole time.
7. Keep financial knowledge and help close at all times.
8. Most importantly: If you get into financial distress or even think that you might, get help early to avoid getting in deeper. It's never too early to seek help, you may possibly avoid the situation altogether. Being afraid or embarrassed about your finances and not seeking help will only get you deeper into debt and trouble.