Ever wondered how to gain financial freedom so you have no worries about money? Are you spending more than you make and going deeper in debt? You CAN reverse that trend!
The first thing you need know is this: if you are making financial planning decisions based on how much money is in the bank right now, then you are being controlled by the money, and this usually creates a constant worry about money problems. You need to control the money to gain financial freedom; not the other way around.
Fortunately, there is a money management system that you can use to control your income and debts to get on the road to financial freedom. However, most people are completely unaware that it exists. This is not the type of financial planning involved in investments such as stocks and bonds. Here are the seven steps of this business cash flow management system:
1) Accurately predict how much money is needed to operate the company this week and in the future.
Figure out exactly what has been spent, by category, over the past year. This becomes the budget. The correct definition of budget here is: the amount of money it takes for the organization or household to...
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