Wednesday, April 23, 2008

Six steps to financial independance

1. INCREASE CASH FLOW
.Earn additional income
.Manage expenses

2-MANAGE DEBTS
.Strive to eliminate debts

3-CREATE EMERGENCY FUNDS
.Save at least 3 months' income
.Prepare for emergency expenses

4-ENSURE PROPER PROTECTION
.Protect against loss of income
.Protect family asset

5-BUILD LONG TERM
.Asset accumulation
.Outpace inflation
.Reduce taxation

6-PRESERVE YOUR ESTATE
.Help reduce estate taxes
.Build a familiy legacy

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