1. Pay yourself first
Paying yourself first means putting
yourself and your family before any other
demands on your money. Paying yourself first
is a form of self-respect.
Deposit a set amount EACH AND
EVERY MONTH into an investment
program, no matter what other financial
obligations you have. It’s amazing how fast
your money can grow if you invest even a small
amount regularly, at a good rate of return.
2. Adjust your priorities
It’s been said that:
If you make $10 and spend $9 = happiness
If you make $10 and spend $11 = misery
As you begin your journey to financial
independence, remember this key point: It’s
not what you make, it’s what you keep.
3. Change your thinking
The way you think about money is
everything. Your mindset is a powerful thing –
especially when it comes to money.
That explains why so many of the people
who win the lottery … end up losing it all.
It helps you understand how so many
millionaires are self made.
What is the difference between the two
groups? It’s how they think.
If you think you don’t deserve to be
financially secure, you’ll never be financially
secure. However, if you “upgrade” your selfimage
and believe you deserve the freedom and
peace of mind that financial security provides,
you’ll have a better chance at doing what needs to
be done to obtain wealth beyond your dreams.
4. Adjust your lifestyle
Along with setting priorities comes one
tough rule of life: you can’t have everything.
You have to make conscious decisions about
An important concept to understand is
want vs. need.
• A need is something you have to have,
something you can’t do without. You
“need” food. You “need” shelter.
• A want is something you would like to
have. You “want” ice cream. You “want” a
If you want to achieve financial
independence, you may have to make sacrifices
for a period of time and go without some of
your “wants.” It’s not that tough, but it is very,
very important to your financial health.
5. Earn additional income
If your family income is very modest,
things may be so tight that it’s tough to invest
more than $50 a month. If you want to make
significant progress, consider taking a parttime
job to get the extra income needed to
start your investment program.
6. Re-align your assets
This is another way to take control and
free up income for savings. There are two
major areas in which families are not getting
their money’s worth that are great areas to
target for adjustment:
1. Low-interest savings accounts or
accumulations with banks.
You can take money from a 1% savings
plan and invest it in an area that has the
potential for higher returns.
2. High-cost life insurance. You can
replace your outdated, expensive cash
value insurance policies with term
insurance and potentially save thousands
of dollars in premium over time! Both of
these areas are covered in more detail later
in this booklet.
7. Avoid the credit trap
Credit cards are good for convenience
but that’s it. Be
careful to avoid the pitfalls
of “plastic money.” Pay your balance in
full each month and you’ll not only avoid
interest charges but you’ll prevent your balance
from escalating out of control. To keep your
monthly charges under control, pay with cash.
You’ll probably find you spend less when you
have to hand your money over.
See how many options you have? You DO
have a choice about your financial future.
8. Set goals and have a plan
You can’t reach your destination if you
don’t know what it is. Setting goals gives you
1. An incentive to make the necessary
2. Benchmarks along the way to gauge
After you’ve set your goals, you need a
road map to get you there. You need a financial
game plan. Together with your goals, a game
plan is the cement that holds together your