8 Steps To Achieve Financial Freedom And Escape Debt

Before we get into the 8 Simple Steps to Financial Independence, if you were to put everyone together when you graduate from school and you're going to work until about age 65, don't you think most people want to become financially secure?

Our goal is to help people become financially independent safely. We teach you the easy ways to increase your cash flow and save money tax-free to replace your future salary, business or career income.

Think of all the seniors you see working at supermarkets and fast food restaurants. It's not because they really want to. Here's a story about my recent visit to Wendy's and a key lesson in becoming financially secure at retirement.

A third of Americans are delinquent on debt with the National average being $53,850. You'll learn why that happened and what you can do to avoid that for you and your family.

Congratulations on completing the second Section. You learned Why you need to become financially secure by retirement age. Out of 100 people turning age 65 today, only 4 are financially secure. I will show you how to be in the 4% instead of the 96%.

We're creating a Game Plan for Financial Independence safely. We'll figure out where you are today and where you want to be in the future and what's going to have to happen along the way. We'll be tweaking things as we go along so things keep pace with your lifestyle. So we're going to be always inspecting what you expect.

Let's talk about inflation and the Rule of 72. It's an old banker's rule that helps quickly calculate how fast money grows. Let's see how it will affect you when you are ready to retire.

Out of 100 people turning age 65 today, only 4 are financially secure. We'll complete a sample worksheet together to calculate your Financial Gap at retirement - the amount you need to supplement your Social Security and other income to cover Basic Living Expenses (Shelter, Food, Transportation).

Cash Flow is the amount of money you have left at the end of the month. It's your Pot Of Gold. Here's where you'll find it.

To increase your Cash Flow, you need to find places to reduce your expenses and reallocate those funds to savings for your short and long term goals. We'll complete a worksheet to identify these sources.

Congratulations in completing Section 4. You are closer to achieving Financial Independence.

You learned about the Formula for Success that works for the IRS - so why not apply it in your own life.

Is a beautiful new house and car of interest to you? Of course they are! Nobody likes debt - so we use the Debt Eliminator plan to help get rid of debt.

Congratulations! You learned how to take hold of that Debt Demon and knock it out - so you can sleep better at night and have financial independence.

Bad things happen to good people. What I've found is most people don't have an emergency fund. Except the wealthy. We'll learn about the 5 parts to an Emergency Fund and how to get it organized.

Credit cards offer many advantages in that you can buy items without carrying large amounts of cash and you may earn travel and other rewards by using them.

However, using a credit card is like taking out a loan. If you don't pay the balance in full every month, you pay interest on the balance.

We discuss the 20 - 10 Rule of Thumb to help you understand how much credit you can afford. But the real solution is to be your own banker. We'll find out how in the next Lecture.

The solution to creating real cash for your future is to be your own banker. We'll learn how to create your "Pot of Gold" and "Golden Nest Egg.

Test your understanding of Creating Cash

Congratulations! You're making great progress. Let's pause to quickly review the main points we learned about cash creation.

Your money has to last as long as you do. We discuss options that save you money, increase your savings, protect you and your family and increase your current cash flow.

Supplemental insurance pays benefits for costs that major medical does not provide. We learn all about why, how and when you need supplemental insurance.

Life insurance began in 2000 BC in China as a way to reduce risk to traders. We learn about the two main kinds of life insurance and their purposes.

Congratulations! You're now the Go-To person in your family about protecting your future and theirs.

Many folks avoid talking about it but you now have the understanding about why it's important to be prepared and what you can do.

This section deals with an uncomfortable subject but it's essential to you - so I have to do it. How do you want your loved ones to remember you when you pass on? We learn how to make it easy for them to more your estate through the process.

How ready are you to make your dreams come true?

Congratulations! You are now more prepared to leave a Legacy for your family. In this lecture, we review what we learned so far in Steps 1 through 6 including:

Step 1: The Problem

Step 2: The Painless Solution

Step 3: The Debt Eliminator

Step 4: The Cash Creator

Step 5: The Cash Protector

Step 6: The Family Estate Protector

How to turn $1.40 into $40,000 and then $40,000 into Millions in a way you'll never forget as your dreams become reality!

This will surprise you and it will enhance your current lifestyle today.

We learn about the two battles you must win to become financially independent and if you don't win both of them together, your chance of becoming financially independent is not great.

We look at a typical real life story of how important the growth rate is on saving money for the long term.

People try to save money in banks and credit unions but they end up in lower end jobs at retirement for the rest of their life. We find out why and how to prevent that scenario for you.

The key to winning the two battles is simple. We find out what it is and how to apply it to your life.

We recap information we learned earlier about your Financial Gap and then examine ways to fill that Gap.

Wealth is everyone's dream but for the best compounding growth rate, you need as much Saving Time as possible. We learn the critical facts you need to know and apply to making time work in your favor.

The Bonus is the most important part of all to long term savings. It's the key to the Safety part of Wealth Creation.

We learn about Annuities and CDs and how they apply to help you reach your short term and long term financial goals.

A mutual fund can be a valuable asset in your portfolio...maybe or maybe not. We examine the history and present situation with mutual funds.

Times are tough. The Economy is tougher. Maybe your job doesn't pay enough to live on now. We review your options to become financially secure anyway.

Congratulations! You are now your family's Guru on Financial Independence.

You are ready to have an educated conversation with a financial advisor.

Put your knowledge into an action plan in the next Section.

We quickly review what we learned in the first 7 Steps and then design your plan for Financial Independence.

You, the Government and Tax - that we all love to hate! The Tax Battle is far more difficult to win than the Inflation Battle. But the wealthy have been doing it for years. We learn how you can easily win this battle too.

We review how the IRS has special tax advantages for people using life insurance plans for tax-free growth and lifetime tax-free income.

We compare two ways to grow money tax-sheltered and the different outcomes.

We examine an illustration (example) of the Equity Index Savings for tax-free growth and lifetime tax-free income.

Congratulations! You looked at a sample Blueprint for Success - how an Equity Index Savings plan would work.

It's a Safe way to create and build your Pot of Gold Nest Egg to fill your Financial Gap at retirement.

Now, it's time to get started on making your dreams come true too !