Colli Real Estate

Saving Financial Freedom

Saving Money is the key to financial freedom. Unfortunately, talk about savings and most people’s eyes start to glaze over. Inside many people simply feel that life is for living now, not for sometime never in the future and anyway they already contribute to a 401k.

This is a big mistake and many people make it; believing that savings are only about retirement. Retirement planning is important but it is not the only or the most important reason for saving.

The benefits of saving are often hard to value when it all seems so far away in the future. Here is the reality – people with savings have choices. Not having savings often leads to debt spending. Debtors are owned by their creditors, chained to their jobs to obtain money to cover debts. If they fail, they know they face a world of financial pain and money worries.

For those with savings, there are no such financial worries, just choices and that is what financial freedom really is. It is the ability to make choices unrestricted by financial constraints.

Saving is as much about living fully now as it is about future financial security. Living free of debt and with savings is a financial state that enables you to live life to its fullest potential. It is the key to financial freedom and prosperity.

Even now I can hear many readers of this article complaining that it is all very well talking about savings but in the real world it’s a struggle to make ends meet and saving money is just not realistic.

Let me tell you now – anyone who truly desires to live this way without debt and with savings to fall back on, can. It is a simple life choice. The amount of income you have is not important; research has shown that the ability to save bears no relation to disposable income. Equal results can be obtained across all income brackets – which means that you can do it – if you want to.

Simple changes in behavior and spending habits can reap huge savings, often accompanied by an improved life-style. It is amazing how simply taking the time to re-examine and adjust your life patterns can not only result in big financial savings but also wonderful life improvements.

The ultimate goal of this process is to stop living in debt – no more credit card debt, no debt of any kind other than maybe a mortgage. To achieve this you need to leave behind the “buy now, pay later” ethos and replace it with a philosophy of only spending what you can afford on things you really want and need. Making financial choices that prioritize your financial well-being over short-term gratification is part of the positive process of change needed by all who choose this road to financial success.

Savings can be divided up into three basic types.

Long-term retirement saving, this is usually a one-way street into something like a 401(k) where there are tax perks and penalties for early withdrawal.

Short-term savings are to cover anticipated expenditure such as insurances, house maintenance, mortgage payments etc. Predict and budget for these in your personal budget.

Medium-term uncommitted saving is sometimes referred to as a “Freedom Account”. This is money saved that is accessible within 3 months. Use this for unexpected contingencies and to give you the freedom to dip into the fund to pursue life goals. This is your contingency money against disaster and your ticket to your dreams.

Remember, there is no point in saving if you have debt (exclude your mortgage), pay off your debt, keep paying down debt and don’t stop paying off debt until there is no more debt and then start building your savings.

About the Author

To learn more about “debt free living“, money saving, debt elimination and how to stop being a money slave, please visit us at “The Money Secrets Website“.

G. Symond is a successful author and writer on positive thinking and financial success techniques.

MORTGAGE-FREEDOM.COM …. FAST PAYMENTS

Mortgage Lending, Racial Discrimination and Federal Policy (The Urban Institute series) $32.00 Representing the outcome of a May 1993 “US Housing and Urban Development Conference”, this volume seeks to answer two major questions: what evidence is there of discrimination by mortgage lenders? and, if discrimination is occurring, how powerful or significant a force is it? Evidence is presented in the form of statistical research, counter-arguments from the lending industry, and transcriptions …

Mortgage Freedom $15.16 Mortgage Freedom will save the average Canadian homeowner tens of thousands of dollars and help her shave years off her mortgage…

American Mortgage System $41.25 Successful home ownership requires the availability of appropriate mortgage products…

Mortgage Cowboy $16.94 Mortgage Cowboy By Robert R. Bell — Tom Richards becomes quite successful. But he finds out along the way that there is a dark and ugly side to the mortgage business. He gets involved with all sorts of unscrupulous characters, which creates numerous conflicts for him. The biggest of which are-Is he becoming like the person he despises most? Is he, along with the rest of the mortgage cowboys responsible for crippling the entire financial system?

Mortgage Freedom: Retire House Rich and Cash Rich $19.91 Mortgage Freedom will save the average Canadian homeowner tens of thousands of dollars and help her shave years off her mortgage. In this book Alexander Aiken offers readers a comprehensive method of how to structure your debt in a way which will provide tax deductions and tax refunds for most Canadians. The book explains the type of mortgage required, the institutions which offer them, ways to accelerate the plan, the investments used, how to use the tax refunds, recent tax rulings, and much more. In its simplest terms, Canadian homeowners can pay down their mortgages as quickly as possible, creating small amounts of equity each month. That equity is simultaneously filled with a line of credit to be used for investment purposes. The interest on the growing investment loan is tax deductible.

Freedom Guide- How to Make Your Mortgage in a Weekend $25.41 The Freedom Guide is a How To Guide that teaches homeowners HOW TO PAY THEIR MORTGAGE IN A WEEKEND. The guide is 7 easy steps to vacation home rental success which succefully shows owners how to stay in their homes and allow vacationers the opportunity to pay for their home maintenence, generate positive cash flow for their household, and sponsor the owners weekend getaway. Subsequently this commen sense approach effectively helps homeowners avoid forclosure and modifies their financial landscape.

Tags:   business · finance · money · mortgage freedom systems · tools · videoNo Comments