How to Have Financial Independence

Manage Your Time Wisely

If you always do what you have always done, you will always get what you have always gotten.  It’s time to reexamine your time management skills so that you get better results than ever before.  The average person uses 13 different methods to control and manage their time, yet we still seem to waste so much of it.  Time slips away like a slow leaking faucet.  It’s those little drips and drops of it, so small that you almost don’t even notice, that all add up to a torrent of wasted time and opportunities.  To make good use of your day, here are a few things you can do:

Cut back on interruptions.  The average person is interrupted at work every 8 minutes, or approximately seven an hour, or 50-60 per day. The average interruption takes 5 minutes, totaling about 4 hours or 50% of the average workday. 80% of those interruptions are typically rated as “little value” or “no value” creating approximately 3 hours of wasted time per day.  Good Time Managers do not allocate their time to those who “demand” it, but rather, to those who “deserve” it.  The most powerful word in our Time Management vocabulary is “no.”

Plan your day.  1 hour of planning will save 10 hours of doing.  20% of the average workday is spent on “crucial” and “important” things, while 80% of the average workday is spent on things that have “little value” or “no value.”  This tasks of little value are eating up your valuable time.  When planning your day, remember that it almost always takes twice as long to complete a task as what we initially thought it would take, but, more importantly, a project tends to expand with the time allocated for it.  If you give yourself one thing to do, it will take all day. If you give yourself two things to do, you get them both done. If you give yourself a dozen things to do, you may not get 12 done, but you’ll get nine completed. It is better to plan for too much than too little.

Clean your workspace.  A person who works with a “messy” or cluttered desk spends, on average, 1 1/2 hours per day looking for things or being distracted by things or approximately 7 1/2 per workweek. “Out of sight; out of mind.”  When it’s in sight, it’s in mind.

Take time to improve.  By taking 1 hour per day for independent study, 7 hours per week, 365 hours in a year, one can learn at the rate of a full-time student. In 3-5 years, the average person can become an expert on the topic of their choice, by spending only one hour per day.  A speed reading course is one of the best ways to improve your time management.  The average reading speed is approximately 200 words per minute. The average working person reads 2 hours per day. A Speed Reading course that will improve the reading rate to 400 words per minute will save an hour per day.   And don’t get discouraged early.  It takes approximately 30 days to establish a new physical or emotional habit.

Time Management is not doing the wrong things quicker. That just gets us nowhere faster. Time Management is doing the right things.

Hardships Are Opportunities

People are feeling a greater financial burden today than ever before. Being underwater financially can be terrifying, suffocating and unbearably stressful, yet there’s a reason that clichés like, “sink or swim,” exist  We don’t grow or advance during the easy times.  It’s only by facing adversity, and rising to the challenge, that we become better versions of ourselves.  When everything is smooth sailing, our real potential won’t manifest.  It seems that when we humans are under pressure, our greatest personal development occurs. We have the incredible tendency to rise to our potential.

Hardships, financial and otherwise, are the world’s way of challenging us to rise to that potential.  Often this is by forcing course changes.  When faced with reduced pay, a loss of benefits, or layoffs, the best way to handle it is to realize that there must be something better out there. We just needed a push to discover what that better situation is.

Are you feeling the pressure financially? If so, don't panic or lose heart. When you feel the “squeeze,” it's time to seek new answers.  A new approach to the problems developing in your life. Discover the opportunity for growth in your situation. Keep an open mind and start doing some real soul searching. What is it that you want in life? What do you want to accomplish? What do you love? What do you hate? What excites you? What do you do that can benefit others? Find the answers to these questions and you will have found the key to your future.

 Remember that if a problem exists, there has got to be a solution. If there were no solutions, problems would not exist. A problem is proof of a solution; it just needs to be found out. I would bet that you have or are the solution to a problem. All you need to do is find out what you are great at doing.

Today, opportunities in network marketing abound for those who sincerely want them. It’s simple to search them out on the Internet. However, people do not usually search unless they are pressed to do so; it’s human nature. Yet by doing so, you can become wealthy.  What is essential to remember is that you must keep searching until you find what you are looking for!

Many of our distributors would never have gotten involved with network marketing if they had not faced trying times.  These circumstances pressure us to take action and develop a plan to become financially independent.  One such path to financial independence is via MLM.  This track puts you in control of how much you make, your revenue.  What’s left is to control how much you spend, and how much you have left over to invest.

Amass Wealth With Smart Investing

There are really only three ways to accumulate wealth.  Either increase revenue, decrease spending or preferably do both.  Just like how the key to losing weight is to eat fewer calories than you burn., the key to increasing your wealth is to make more money than you spend.  That's it. That’s the big secret.

Now, I’m not going to string you along here… Becoming financially independent is a slow process.  It takes time.  You chip in, little by little, doing the small things every day.  Things such as cutting your expenses, generating extra income, investing in brokerage and retirement accounts. With time, that money you have squirreled away will begin to amount to something.  As each new investment opportunity appears, you can contribute on a larger scale than before. That's the essence of compounding.  You invest a little money, then reinvest the interest, dividends, and capital gains your money earns.  Now your investments will generate more interest, dividends, and capital gains to reinvest.  Wash, rinse, repeat.  It's how investors manage to double their wealth every seven years.

The best news is that it takes a tiny amount of effort on your part.  Rather than paying a broker to manage a mutual fund, studies have shown that you are better off investing your money yourself into a fund that tries to match an index, like the S&P 500.  That’s it.  Don’t try to move money about when the market is bullish or bearish.  Just reinvest your earnings, and let the fund be.  Think of it like grilling a hamburger.  You might be tempted to poke it and prod it, but you get much better results if you just leave it alone.