Wall - How to Stop Living Paycheck to Paycheck: How to Take Control of Your Money and Your Financial Freedom Starting Today Complete Volume

How to take control of your money and your financial freedom starting today

Volume 1

By

Phil Wall

How do you take control of your money and your time? How can you enjoy your money and be able to save it at the same time? How can you achieve financial freedom and be the boss of your life? We'll explain different ways to achieve financial freedom and take control of your money and your time today.

Let's start by thinking about what financial freedom is for you. To be able to travel whenever you want? To be able to give up office work from nine to five. To have no debt. To live off your interest. To be able to retire at fifty without worries. We all have different answers but financial freedom can be achieved in the same way. It is very important to take control of our finances and to avoid living worried and stressed , paying debts and working overtime in order to pay our bills. We have to start with a clear idea of what we want to do and why we want this freedom, this will give us a direction and will give us a clearer idea of our budget.

Achieving financial freedom can be achieved in a number of ways, not necessarily by making more money. We should start by getting our finances in order and to saving money.. Is it possible to save your money and enjoy it at the same time? The answer is yes.

Knowing how to save and spend our money is critical to achieve financial freedom. Saving is not easy, spending is. It may seem impossible especially if you have never had control of your finances. This includes managing your credit cards, paying your debts, creating short- and long-term budgets, managing your monthly expenses, short- and long-term goals, amongst others. All this planning can intimidate us if we haven't done it before, but it's a matter of organization and a little work. Saving money and achieving financial freedom is learning to make conscious decisions, having determination, motivation and flexibility. We're not going to tell you that it's easy to take control of your money, but it's possible and every step of the way is worth it. Once you begin this process, you will realize that you are more disciplined than you think and that you will be able to achieve your goals without putting as much effort as you thought.

We will develop topics related to our management with credit cards, we will explain about the different types of expenses and how to eliminate or minimize them, We will also teach you how to create a budget in the short and long term, what it consists of, how they differentiate and we will teach you how to set goals you can achieve and how to achieve them. We will also explain how to organize your debts, what are the options to have lower interest rate. We will continue to use your credit, debit and cash cards. What is the difference between using them and why does it affect your savings? What is the impact of using both on your finances and how does it affect your personal freedom? This will impact and directly affects our savings and financial freedom.

In this volume we will teach you how to achieve financial freedom with simple but effective strategies.

Let's start this process. The first thing we need to do before we start working on our budget is to evaluate our financial health. It is very important to know how much debt we are in, , we need to know which Banks we owe money to, , we also need to understand what is the interest rate that each debt has and what is the total amount that we need to pay.. Once we have the full amount of our debts, we need to evaluate if we can pay them in one instalment or how long it will take us to pay them fully.. This gives us an indication of how we are financially and what measures we should take. We must pay our debts in order to save most of our money.

Once we have calculated our debts, we can begin to assemble our budget which will include our income and expenses. It is very important to be honest with ourselves and add all the debts we have no matter how small. Once this is done, we have to analyze what kind of debts we have. Do they accrue interest? Is it possible to pass all our debts to a single entity? Realistically, how soon can we pay for them without putting the rope around our necks? It is very important to know how much the interest rate on our cards is and how it is calculated. Banks offer to purchase debt and place it in monthly fees with a fixed interest rate usually lower than the interest rate on our credit card. If you want to pay your debts in fixed fees and your bank offers this option at a good interest rate, you should consider the amount you must pay monthly and the amount of fixed fees which your bank allows you to accommodate them. The more you pay upfront, the less we have to pay each month. There are banks that allow us to pay our debts and fees monthly up to 3 years.

Everything will depend on the plans we have and how much we are willing to save in order to pay our debts faster which is what we recommend. Bear in mind in mind that we can also make payments to the capital of the debt without paying interest. Paying our debt in this way will help us enter the credit financial system and qualify for credit. It is very important that we pay our debts on time. This will give us a good credit score. We can also consider for another bank to buy our debt. For example, if you have debts with Bank A, Bank B will probably be able to buy the total amount with a smaller percentage of what Bank A offers. In this case, we could move the debt and put it into installments as well.