How To Dummy-Proof Financial Freedom

Want to know how to Dummy-proof Financial Freedom?

I understand if you feel like a dummy around money.

I used to have credit card debts that totaled over $40,000, a negative Net Worth (I didn’t know that at the time) and felt chained to a job!

By 2016 I paid off all my debts, improved our family’s Net Worth by $500,000 and was making almost $500/month in passive income (mostly dividends from stocks).

Then I quit my job (yay!!!!!). December 23, 2016 was my last day.

I now coach others to do what I did.

So here is how to dummy-proof financial freedom.

#1 Set Up Automatic Transfers to An Investment Account

To become financially free you need to make more passive income than you spend in expenses.

All the financial gurus say you need to PAY YOURSELF FIRST.

What this means is that you set aside money to invest in YOUR FINANCIAL FREEDOM!

How can you do this painlessly and with no effort?

Set up an automatic transfer.

Start small.

Maybe $5 a week and increase from there.

Then watch it grow.

Pretend it’s untouchable, and unspendable.

It’s only for investing (and no, educational courses are not investing, those are considered educational expenses).

#2 Set Up Automatic Transfers to Pay For Life Insurance (if you have a family)

If you have a family, then get life insurance.

If it’s too expensive to pay premiums annually, then pay monthly.

Make it automatic so that if anything happens to you, your family is taken care of.

If you don’t have a family, skip this step.

#3 Cut up and Never Use Credit Cards Again

I just did a whole experiment on credit card spending vs cash and my husband spends almost 3 times as much money using credit cards than when he is using cash!!!!!

CLICK HERE if you want the details on our cash vs credit card experiment.

CLICK HERE for my post on 9 Reasons Using Cash Instead of Credit Cards Creates Financial Freedom to learn more about my experiment and the whole psychology of credit card vs cash spending.

Cash is a great way to prevent over spending and getting into debt.

It’s the ultimate Financial Freedom tool.

Ever since that experiment in October I have stopped using credit cards for everyday spending.

Stop using credit cards, use cash.

Conclusion

Follow the 3 steps above and you will become financially free, automatically.

As your investment money grows, you’ll get more motivated to invest and you’ll get better and better over time.

You’ll have peace of mind knowing your family is protected if you automate your life insurance.

Finally, you will have the money to invest if you use cash and stop using credit for spending.

If you want to work with me and an elite mastermind group to create financial freedom then CLICK HERE, watch the free video and get started in Finance Freedom Mastermind.