Want to know the smartest thing I ever did with my money?
Let me give you the super quick background story.
Back in 2011, I used to have several credit cards, personal lines of credit and other debts that totaled over $40,000 US.
This was before I owned any property (now we own 2).
By 2016 the debt was all gone, I had improved our family’s Net Worth by half a million dollars, was making almost $500/mo in passive income and I quit my job as a banking assistant.
I am now a full time wife and mother, and I coach clients and blog about financial freedom part time.
So, I know what it’s like to go from really really bad with money to becoming really really really SMART with money.
So, here it is.
The Smartest Think I Ever Did With My Money
I started paying myself first.
What does that mean?
Well, when I got paid, I put aside at least 10% of everything I made and put it into an investment account which I call a Financial Freedom Account.
I learned this process from T Harv Eker’s Secrets of The Millionaire Mind book and his seminar The Millionaire Mind Experience.
Basically, there are some key points.
First key is YOU PAY YOURSELF FIRST.
This is important.
Everyone else has to wait in line for your money.
You are first.
Always.
Get it!?!
So every time I got paid, I put at least 10% into my Financial Freedom accounts (I had 2: 1 was my 401K and 1 was a brokerage account).
You can start simple if you like, with a high yield savings account.
Second Key is YOU NEVER SPEND THE MONEY YOU PAY YOURSELF – YOU INVEST IT TO MAKE YOU MORE MONEY AND YOU SPEND THE MONEY IT MAKES
This is really important.
I notice that each key is it’s own challenge and has it’s unique wisdom.
When you put your money away into your Financial Freedom Account FIRST, and you never spend it, then it starts to snowball…bigger and bigger and bigger.
Not only that, you start investing it better and better and better.
Then you get motivated to learn how to make wise, long term investments that give you an ever increasing passive income.
And if and when you lose money in the account from a bad investment, you don’t feel bad about not using it for rent or a new car…because the money was never for spending and never will be for spending.
This account creates the ability for you to create Financial Freedom for yourself and your family.
It will change your life, if you PAY YOURSELF FIRST properly.
You are VALUABLE.
You deserve the money.
You can do this!
If you want me to hold your hand and walk you through it, then CLICK HERE and join our upcoming Finance Freedom Mastermind program!