To find out where you are you have to determine
- monthly income (gap analysis, financial baseline, entities, conditioning)
- monthly expenditures (gap analysis, financial baseline, forecasting)
- assets (gap analysis, financial baseline, assets)
- liabilities (gap analysis, financial baseline, debt management)
- what else (gap analysis, financial baseline)
- what do you want (gap analysis, freedom day)
- what skills do you use to make money (gap analysis, cash machine, teamwork)
- are you willing to create and execute the wealth cycle process. (gap analysis, leadership)
- Gap analysis, Financial Baseline, Freedom Day
- Assets, cash machine, entities, forecasting, debt management, wealth account
- Teamwork, conditioning, leadership
- Put a portion of your earnings into a "wealth building account"
- Invest the above money after due diligence based on your visions & values
- Reinvest the earnings
- set up entities to protect these assets
- maximize tax strategies
- create a cash machine, a business, to make more money of which a portion goes into the wealth building account. This cash machine uses a known skill set to allow you learn business skills which you can then apply in any arena
Financial freedom day is when you achieve your following goals:
- desired monthly cash flow
- desired net worth
- Specific date you want this to occur
I also read two of her other books which go into more detail:
- Cash machine for life
- Guide to wealth cycle investing
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