7 Point Formula for Financial Freedom: Personal Finance Tips to Help You Make More Money!
One goal that we all have in common is that we all want to make more money and improve our personal finance. However, only a small percentage of us actually achieve the financial freedom we long for. We all want to have enough money so that we never have to worry about money again. The only question is, “are you going to do it or not?”
The good news is that there are more people achieving financial freedom faster today than ever before. There are currently almost four million millionaires, most of them self-made, first generation. Through proper financial planning and making it a goal to improve your personal finance, you can become one of them too.
Here is a seven point formula that you can use to make more money, improve your personal finance, and achieve financial freedom in the years ahead. I have taught this proven formula to countless people in my seminars and I have never had anyone tell me that it didn’t work and that it did not help them make more money. All over the country, I run into people who improved their personal finance and are now earning many thousands of dollars more each year as a result of applying this formula and consistently improving their financial planning.
This formula for financial freedom is based on the fact that it is possible for you to increase your productivity, performance and output by one half of one percent per week. This one half percent improvement can be achieved by something as simple as setting better priorities each day. If you can improve your productivity, performance and output by one half of one percent per week, and you can do this for four weeks in a row, you will be two percent more productive than you were when you began. Here they are:
1. The Golden Hour
Get up every morning two hours before you have to be at work, or at your first appointment, and invest the first hour in yourself. This is called the “Golden Hour.” And the first hour of the morning is the rudder of the day. It sets the tone for everything that happens afterward.
If you read one hour each morning, that will translate into about one book per week. This will translate into about 50 books per year, or 500 books over the next ten years. The very act of reading one hour every single day will enable you to increase your productivity, performance and output by one half percent per week consistently. It will give you your thousand percent increase over ten years.
2. Rewrite Your Major Goals for Financial Freedom
Rewrite and review your goals every day and think of how you could accomplish them. This will take you between five and ten minutes. The very act of writing and rewriting your goals, and thinking about them each morning before you start off, will increase your productivity, performance and output by half a percent per week, two percent per month, 26% per year.
3. Plan Every Day in Advance
Step number three is for you to plan every day in advance. The best time to do this is the night before. The very act of planning each day, each week, each month, in advance will make you far sharper and more precise at everything you do. You will find yourself with better focus and a greater sense of self-control and personal power when you work from a list. Your efficiency will jump 25% the first day.
4. The Principle of Concentration
Concentrate single mindedly, every hour of every day, on the most valuable use of your time. The principle of concentration is absolutely essential to achieve financial freedom. Virtually everything you do in terms of goal setting and financial planning is aimed at enabling you to determine the one or two things that you should concentrate on more than anything else.
Your ability to develop the habit of concentration will do more to assure your personal finance success than perhaps any other skill or habit you can acquire.
5. Listen to Audio Programs to Make More Money
Listen to audio programs in your car. The average person spends 500 to 1000 hours per year behind the wheel. By turning your car into a university on wheels, you can become one of the most knowledgeable and most skilled people in your profession.
I have spoken to thousands of people who have learned how to make more money by listening to audio programs continuously as they drove around. The very act of listening to audio programs, all by itself, can give you an increase of one half percent per week and more over time.
6. Magic Questions
Ask yourself the two “Magic Questions” after every meeting and every event of importance in your life. The first question is, “What did I do right?” And the second question is, “What would I do differently, next time?”
By reviewing your performance immediately after every meeting, sales call, and presentation, you will become better and better, faster than you can imagine.
The answers to both of these questions are positive. By reviewing what you did right and what you would do differently next time, you program into your mind a predisposition to be even better the next time out. If you take a few minutes and write down everything you did right and everything you would do differently immediately after a call or presentation, you can double and triple the speed at which you learn and grow and improve in your work.
7. Learn to Appreciate
The final point is to treat everyone you meet like a million dollar customer. Treat every single person, at home and at work, as if they were the most important person in the world. Since everybody believes that he or she is the most important person in the world, when you treat them as if they were, they appreciate your recognition and acknowledgment more than you can imagine.
By setting financial freedom and personal finance accumulation as your goals, and then by implementing proper financial planning on the one hand to get better and better at what you do while on the other hand saving more and more of what you earn, you will become financially independent, if not a self-made millionaire in the years ahead.
I hope you enjoyed this article on how to improve your personal finance and achieve financial freedom! If you have any other personal finance tips that have helped you make more money over the years, please share and comment below!
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About Brian Tracy — Brian is recognized as the top sales training and personal success authority in the world today. He has authored more than 60 books and has produced more than 500 audio and video learning programs on sales, management, business success and personal development, including worldwide bestseller The Psychology of Achievement. Brian's goal is to help you achieve your personal and business goals faster and easier than you ever imagined. You can follow him on Google+, Twitter, Facebook, Pinterest, Linkedin and Youtube.