Four Pillars of Income Financial Freedom Blog

Obviously being debt free is a great great accomplishment. But I am young and have heard that being debt free will hurt your Credit Score and later on will have hard time of getting good interest rates and have hard time getting lines or credit? Could you supply some clarity?

Being debt free is great!

You do not have to be in debt to continue to build your credit rating. On the credit cards that you currently have charge small amounts, like groceries and gas each month, make sure and pay off the entire balance each month. This will allow you to continue building credit.

If you do not use your credit, you will loose it. The card accounts will be closed due to being inactive.

I am looking for some tips you guys use to help yourself avoid financial freedom.

thanks!

Spend, spend, spend! The more the better!

Take out a student loan then major in something like Carribean studies.

Take a job at minimum wage and refuse any raises.

Rack up your credit cards, and then make sure you don’t pay them until the interest costs get so high you have to declare bankruptcy.

From there it’s pretty much smooth sailing to avoiding financial freedom.

I’ve heard that they are possibly worth 500 trillion dollars. Could that figure be possible? Also, is there any reason as to why not one magazine mentions them as being wealthy? Forbes etc…

Their isn’t even $500T in the entire world.

They used too control the First and second central banks of America, Hungry, England etc. They also set up the Federal Reserve, because of their power and reputation they once had as experts at managing what they have, this then led on too extreme exaggerations of their wealth.

The reason Forbes does not mention them as being wealthy because yes, as a family they are worth alot, but on their own? No. They lead nice lifestyles probably living in English Manors or Mantions, but they are no where near the richest people on the planet.

I have been struggling with this concept for a while, but what is the easiest and legitimate way to finally get financial freedom and out of the rat race for good.

You can think of Financial Freedom as a journey, there is no sure fire way to obtain it but it can be maintained in many different ways, It’s more of a process than a guided way of achieving, but the results can be outstanding. A way out of debt and no more a slave to the lender, not to mention be able to live a lifestyle that you enjoy. I have read many good books on the subject like : "The Millionaire Mind" by Thomas Stanley, "Think & Grow Rich" by Napoleon Hill and many others. I have also read some good articles on http://financiallyeliteblog.com that is helping me to achieve financial freedom in my own life. If you stay with it, and practice the concepts and put them to action, I would say is the best way to eventually become financially free.

Should a person that has absolutely no debt, and has no living heirs dies, does the state in which the person resides assume control of their assets? If so, what is the time period in which the state, (specifically North Carolina) must hold the property prior to disposal.

Check the intestate laws of succession in North Carolina.

From 3 million to 93 million of net worth is for the farce that he started and does not even follow through with what he expects people to do. This man does not give but takes what ever he can and will push to get what he wants. This sounds like another demanding and uncaring Democrat.

Yes. Nearly everyone knows that but especially all the politicians in congress and around the world. Why do you think they all jump on the band wagon and start delving into green sources for energy and carbon trading. He opened the door and they all knew it was lies but carried on with it anyway the same as he did. Especially the English. Even though they knew it was to the detriment of the people they were supposed to represent they only represented themselves with the money they made out of it. He was just the first and the worst.

my goal in life is to achieve financial freedom as soon as possible.
I never went to university though…do i need to go?
im 23years old right now

since highschool grad ive been just working to support myself and save some money on the side.
what i want to do is to invest or start a business

recently ive been doing some reading on how to invest and doing business..and such
but i have no previous experience.

any advice ?

I suggest that you go to the library and get some autobiographies of people who have gone from ‘rags to riches’.

I will tell you that it is not straightforward nor is it all down to luck either although luck does come into it. You could end up working 90 hours a week on a venture and end up not only loosing every thing but in debt too.

Finding a lucrative opening in any venture is also about being in the right place at the right time.

It is good that you have started to save a little. You do need education but there is no reason why you should not educate yourself by research and tapping into other peoples knowledge.

I can not tell you how you can get rich quick, other than buy a winning lottery ticket. Enter every free competition there is and apply to TV game shows, you could win something.

Just believe in yourself. Look out for what people want and find a way of supplying it.

As for investing. At 23, invest in yourself. 00

They must make a lot of money from book deals, seminars, and public appearances (specifically Bill). The savy politic elite are pretty much the forefront of politics after the last of the Kennedy giant died. So anyway sticking to my question what is the net worth of the Clintons?

In 2007 Hilary’s networth was 34 MIL…
Bill = 41 MIL

Probably an estimated 80 Million…

I can’t find the list, just see ads for her book when I try to find it.
I am not having financial problems… I am teaching a class on money management and want to double check the list to be sure I am not missing anything important.
Step 1 Think back to your formative experiences with money and consider what these memories have taught you about who you were then and how they affect who you are today.

Step 2 Replace your financial fears with new, positive, empowering messages (i.e. "I have more money than I will ever need"; "I am in control of all my affairs"; "I have the power to put my money in good hands").

Step 3 Be honest with yourself about your current financial status and decide how you want to start spending your money.

Step 4 Be responsible to those you love by taking care of these "must-do’s"wills, trusts, life insurance, durable power of attorney for health care, long-term-care insurance, and estate planning.

Step 5 Respect yourself and your money by investing wisely in retirement plans, stocks, money market accounts, and mutual funds and by eliminating credit card debt. Your actions will give that respect meaning.

Step 6 You must trust yourself more than you trust others. Pay attention to your inner voice it will tell you if how and in what you are investing is right for you.

Step 7 Give a portion of your money to others. By releasing an anxious grasp on your money, you will open yourself to receive all that is meant to be yours.

Step 8 Understand and accept the cycles of money. The setbacks you may have today or next year will not keep you from financial freedom. If you hold on to your goals and dreams, you will get there.

Step 9 Learn to recognize true wealth. Money itself will not make you financially free. That comes as a result of only that powerful state of mind which tells us that we are worth far more than our money.

Whatever you profit in stocks, take that money and add it immediately to your savings account and keep investing in stocks and repeating the process. Sound like a great method of wealth building to you?

That is great but you will not always profit from stocks.