An important key

An important key to begin to leave “The rat race” is making a personal financial planning Before making financial planning, we must acquire certain habits that will enable us to retain our money to be used intelligently, they will find the tips below will be helpful to begin to forge the path to financial freedom, and we begin to take advantage to enter the money game. Set up a payment plan (must reduce its liabilities), it is important to begin to repay their debts, and thought of you to deposit You can begin to reduce some unnecessary expenses (Remember: We all have unnecessary expenses) and with this money, you pay, IMPORTANT: Later on bad debts will differentiate the good, is necessary to cancel the bad, good debt, are what allow us to leveraged for investment or business, we can go into debt, provided that the rate of return for use of that loan is higher than the interests of the bank. Use only one credit card purchases and defer a month only!! (for tanking the vehicle to 12 months if the gasoline consumed in a week , or would like to pay 12 months a meal knowing that you finished in 15 minutes Think about it! If you have more than a credit card, cut up your cards, keep one as a maximum only for emergencies, remember that so do not use the other cards, these will limit the borrowing capacity (ask your banker) The most important of all keys NO BAD DEBTS GENERATE MORE !!!!!! Refinance your payment terms (this allows you to increase revenue without creating more debt) First pay the debts with higher interest Allocate 10 of their income just to save initially, over time you will know how to invest that money. Pay yourself FIRST (save !!!!! Before anything), because all are paid first and not us Your half is coming to your pocket with discounted deductions, loans, health, pension, and others, then if everyone pays first, because we do not , This will enable future two things 1. Force you to generate more revenue 2. That savings can become passive income that will allow you to pay the debts after Save 3 to 6 pay, then you should invest the savings into the equity to leverage their income Remember that the more money is a means not an end “This is not how much money you make, but how much money you can keep”