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Apply these simple but powerful principles of financial health: 1. Live on less than you earn.
2. Put the power of interest to work for you.
3. Exercise financial self-discipline.
If you are consistent, you’ll eliminate your debt, build wealth, and enjoy the freedom to pursue your goals without worrying over money.
C Your Financial Philosophy
Now you’re ready to determine your financial philosophy.
What is a Financial Philosophy? A financial philosophy is an overall vision or attitude toward finances that governs your thoughts, actions, and knowledge.
Why is it important? A financial philosophy is where your success or failure in money matters begins.
What’s the difference? Everyone knows of wealthy people who mismanage their finances, and literally waste their fortunes ending up broke. There are also humble people with limited funds who manage to live wisely within their income and retire comfortable and happy. It’s obvious your financial success or failure is not determined by your income but by your financial philosophy. More than anything else, it will affect your level of income, spending, and resources.
PRINCIPLES OF FINANCIAL FREEDOM
“The philosophy which is
so important in each of us is not a technical matter;
it is our... sense of what
life honestly and deeply means... it is our individual way of just seeing and feeling...”
~ William James
“How can I be broke? I’m famous!”
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