Blog | Personal Finance

Think Big!

Women, what’s your plan for financial freedom?

A new poll by Harris Interactive states that “women are more likely than men to say they are dining out less frequently” and “seven in ten Americans (71%) say they find themselves cooking more instead of going out in order to save more money, while over half (57%) say going out used to be a regular occurrence but it is now a luxury.”

Sound familiar? Being on a tight budget, watching every penny you spend and foregoing any type of “luxury” whatsoever is no fun. I know. I’ve been there. You look for the cheapest food deals, work odd jobs and do whatever it takes just to survive. All of us go through tough times, but my question to you is…

What is your plan to improve your current, financial situation?

When Robert and I were flat broke and living out of our car, we had a plan and were trying to build cash flow assets. It took time, but we eventually got back on track and became financially-free. But if you don’t have a plan, how do you know where you’re going and how you’re going to get there?

Maybe your plan for the future is to work until you die or put as much money in your 401K/retirement savings as possible. And while this is fine for many of you, it doesn’t work for me. I want to enjoy my retirement years doing all of the things I love to do.

And I have several issues with 401k and other, retirement plans. For example, they usually assume you will be in a lower tax bracket when you retire than you are now. But as our Rich Dad tax advisor, Tom Wheelwright, explains in his new book, Tax-Free Wealth, when you stop working, you lose many tax deductions and will probably find yourself in a higher tax bracket due to inflation. Plus, you can lose control over your money in these retirement plans, and I do not like to invest in anything I cannot control.

Look Forward to a Retirement of Financial Freedom.

Instead of this doom and gloom, wouldn’t you like to look forward to your retirement years? I would say it’s almost impossible to save the amount of money you will need to retire. A better idea is to acquire investments that produce cash flow, or passive income. Then, figure out how much monthly cash-flow you need from each of your investments to live the lifestyle you want.

Last week, I wrote about being positive when it comes to your financial freedom. Women, it’s time to create bigger goals and stop listening to the negative statistics and naysayers out there! You don’t need to live below your means. Whether you want to go out to dinner, play golf or take your family on a vacation… whatever you want in life… figure out how to increase your cash flow and use your financial education to pay for it.

Learn about creating passive income, wealth-building tax strategies, real estate, commodities, business investments, and more. Determine your infinite wealth goal. Then, aspire towards your dream and acquire and apply what you learn (Triple-A Triangle™ described in It’s Rising Time!).

This is not easy, but you really don’t have a choice… unless you want to work the rest of your life or retire poor. I want you to be a Rich Woman so what are you going to do today to start obtaining your financial heaven?

To start your journal towards financial freedom, check out our free, community and start playing the CASHFLOW® Web game here.