STAGE ONE IRRESPONSIBILITY - Pipe dreaming You dont have a clue about financial independence. Its not fair Its too much work Someone will take care of me. Ill buy a lottery ticket Yes, but... STAGE TWO RESIGNATION You are powerless and Financial Independence is a foreign concept. FI is not possible How can I possibly do this? Ill never have enough. Im doing my best (sigh) Nobody I know is making it. STAGE THREE WILLINGNESS You shift and start to make noticeable changes Maybe I can get ahead. I understand I have to change and commit to a plan of action I now tell the complete truth about my finances. I know how much I owe, own and what my expenses are. STAGE FOUR ABLENESS You prove that you can get on the FI Track I invest in my ability to make money I have taken care of things that limit my ability to make money. I am worth being FI Ive stopped wasting/spending money on things I dont really want or need. STAGE FIVE ON THE FINANCIAL INDEPENDENCE TRACK Its measurable and sustainable; a track record. I have $25,000 in the bank I dont need I am regularly saving/investing between 15-30% of my net income. I enjoy how I make money If I make no more changes (and assuming no financial or market crisis) Ill be financially independent within 10 years. STAGE SIX FINANCIAL INDEPENDENCE Yea! I work only because I want to. I have more than enough money to live on from passive sources. COMMIT IN WRITING = RESULTS So, my friend, where are you on the Financial Independence Stage? Please immediately circle where you are NOW. Be completely honest. This is about moving from where you are to where you really want to be. Now, take a look and project where you would like to be in a year. Yes, this is going to take some work. But it is well worth it. NOW make a commitment. Sign and date the information below as your commitment to yourself. Remind yourself that WRITTEN GOALS HAVE GREAT POWER!! If you dont write it down, YOU WONT ACCOMPLISH THIS. So, write it down now! I ________________________________ am presently on STAGE _____. I COMMIT myself to moving forward on Financial Independence this Year and expect to be at or above STAGE ________________________. By (Date one year from today) __________________________________. If you were extremely resistant to this, dont give up. It simply means; you resist authority or people telling you what to do, you are afraid of commitment, you have some level of fear around actually being able to accomplish your goals. Dont let any of this stop you. Commit now. |
