Financial Freedom Day!
Most hiring authorities I know are always focused on what is best for EVERYONE ELSE!
You are so busy with recruiting challenges, interviews, employee relation challenges, benefit issues and endless projects that seem to land on your desk.
Today I want you to think about your future. As a babyboomer I was taught that Social Security along with a retirement plan and some monies put away was the answer for a financially solid retirement. I don’t need to tell you how many individuals who thought the same way have seen their “portfolios” wiped out in the past five years.
Since January of 2005, I’ve been studying wealth building and want to share the most important thing I’ve learned. It is important for everyone to have a new goal called FINANCIAL FREEDOM DAY. This is the day when various sources of PASSIVE INCOME can provide more income for you that your job.
How do you get there? It’s really quite easy, you develop a RESERVE ACCOUNT or WEALTH ACCOUNT today. We have all been taught to SAVE, but unfortunately most people SAVE to SPEND. A reserve account consists of 10% of your income that is put in a CD or another type of interest bearing account like an orange ING account. These monies are ONLY SPENT on acquiring PASSIVE SOURCES OF INCOME. It’s amazing when you start thinking of identifying Passive Sources of Income, how many land on your desk!
I heard a speaker once T. Harv Ecker and he compared this account to a GOLDEN GOOSE who provided you with GOLDEN EGGS throughout your entire life. You NEVER kill the GOOSE. You just consistently save and look for ways to invest these monies in sources of PASSIVE INCOME. If you’d like more information on Wealth Building, I do have a Wealth Building BLOG. Just go to www.barbbruno.com
I wish you all an awesome year and hope someday when you reach FINANCIAL FREEDOM, you will remember the article that changed the way you thought about your financial future!
Barb Bruno, CPC
