5 Remarkable Steps to Financial Freedom
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About this ebook
While we are all human, we are not all the same in the way of desire and expectation. With that being said, we all have financial goals that are unique to us — serving our own unique desires. There are some of us who have immensely extreme financial goals that include a private jet, owning an island and multiple vacation homes in exotic places. Others have more modest goals that are the ones that matter most to them, such as never having to be concerned about having enough money to pay the basic bills and household expenses. There are even others who would simply love to have enough extra money to take the family on an annual European vacation.
At the end of the day, it is my belief that everyone should have financial goals that at least ensure that they are financially independent — having enough money to not only cover all of the day-to-day expenses for life, but enough to enjoy some of the pleasures of life that make it worth living. After all, we are not here simply to survive, we are here to live and thrive.
The point is to make the game of financial achievement and success a winnable one. It does not matter if you are just getting started on your financial goals, or whether you have been working on your financial dream for a while, there are some actionable steps that you can take that will fast track the process.
While most people are aware of one of the most important steps in the pursuit of financial freedom, far too many fail to activate it. In order to take control of your financial destiny, one of the first things that you must do is transition from the position of consumer to that of business owner and investor. You must be able to produce, own and sell a product or service that continually adds to your net worth. If you are completely new to the idea of building wealth, you may not have an understanding of what net worth means. In its simplest form, the term “net worth” is the representation of your total worth, including all liquid and hard assets, after your debt has been subtracted.
If you are going to build wealth and become financially independent, then you are going to have to become an owner and an investor. In fact, you should start investing immediately, no matter how small the amount, because this will allow you to tap into the power of compounding growth. If you are like most people that come to me on a limited income, you are probably saying that I don’t have any discretionary income to invest. This is because you are still in need of an adjustment in how you think toward and view money. The truth is that you do have the money to invest; you are just spending it on other things that you have currently placed a higher value on.
Learn 5 steps that will help you fast track your progress to financial freedom!
Rick Wallace Ph.D, Psy.D.
Born in the late 60's to a fifteen-year-old mother and an absent father, I was taken in at the age of nine months by my great grandparents. They adopted me when I was two. I was precocious as a child and I'm sure my grandmother would add, quite loquacious. My grandmother took advantage of my inherent ability to learn and my inexorable desire to talk. She sat me down at the age of two, switch in hand, and began to teach me the story of the creation as revealed in Geneses 1-3. Once I had it committed to memory, my grandmother taught me to recite it with passion. She then took me from church to church, put a microphone in my hand and made me recite it before the congregation. My grandmother said she was being obedient to the prompting of the Holy Spirit in teaching me the Bible, thank God she did. My grandfather was the one who taught me how to be a man. Born in 1909, he had to stop schooling in the second grade to help his parents who sharecropped. Because of this he stressed education and achievement. Though he passed away at the age of 83 in 1992, he is still very much with me. My grandmother passed recently, in March 2010 at the age of 92. I am a proud father of seven ranging in age from 2 to 31. I consider each one a blessing from God. You will be introduced to each one individually through my writings. My children are a constant reminder of how much God loves me. Thanks to my grandparents, I had a wonderful childhood. I was given an immense appreciation for scholarship and carried the natural gift of athleticism. Throughout school, I put both to use. I have been blessed both in athletic achievement and in the attainment of academic knowledge. Both have contributed to my advancement in life. I feel it necessary to give honorable mention to four people who had an enormous impact on my life. Ms. Geraldine François, my 4th-6th grade teacher. Ms. François was an accelerated learning teacher who saw something special in me and refused to accept anything less than my best. This included my handwriting. She said no one would ever discern the depth of my intelligence if they were not able to decipher my handwriting. To this day, my handwriting is identical to hers and most women find it humorously unbefitting a man. Mr. Brewer was my seventh grade history teacher. He instilled the intrinsic value of self-discipline. Mr. Brewer was a former college instructor who discovered that man...
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5 Remarkable Steps to Financial Freedom - Rick Wallace Ph.D, Psy.D.
5 Remarkable Steps to Financial Freedom
By
Rick Wallace, Ph.D., Psy.D.
Copyright 2017© Rick Wallace
Published by Odyssey Media Group Publishing
This eBook is licensed for your personal enjoyment only. It may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you are reading this book and did not purchase it, or it was not purchased for your use only, then please return to the retail site and purchase your own copy. Thank you for respecting the hard work of this author.
Table of Content
Introduction
Save More & Invest the Difference
Earn More & Invest the Difference
Three Components that Create Earning Potential
Meeting a Need
Exceptional Performance & Customer Service
Become Irreplaceable
Be Aware of Your Fees & Taxes
Generate Better Returns
Make Changes to Current Lifestyle
Additional Resources
Bonus Material
Bonus Introduction
The Law of Cause & Effect
The Idle Mind — An Unattended Garden
The Inextricable Bond between Thought and Character
Order vs Chaos
Psychosomatics: The Effect of Thoughts On Your Health
How Your Thoughts Impact Your Achievement
Why We Need Visions and Dreams
Creating an Optimal Future for Yourself
The Reticular Activating System
The Power of Intent to Change Your Life
About the Author
Other Books & Titles by the Author
Programs & Courses
Connect with Dr. Rick Wallace
Introduction
While we are all human, we are not all the same in the way of desire and expectation. With that being said, we all have financial goals that are unique to us — serving our own unique desires. There are some of us who have immensely extreme financial goals that include a private jet, owning an island and multiple vacation homes in exotic places. Others have more modest goals that are the ones that matter most to them, such as never having to be concerned about having enough money to pay the basic bills and household expenses. There are even others who would simply love to have enough extra money to take the family on an annual European vacation.
At the end of the day, it is my belief that everyone should have financial goals that at least ensure that they are financially independent — having enough money to not only cover all of the day-to-day expenses for life, but enough to enjoy some of the pleasures of life that make it worth living. After all, we are not here simply to survive, we are here to live and thrive.
The point is to make the game of financial achievement and success a winnable one. It does not matter if you are just getting started on your financial goals, or whether you have been working on your financial dream for a while, there are some actionable steps that you can take that will fast track the process.
While most people are aware of one of the most important steps in the pursuit of financial freedom, far too many fail to activate it. In order to take control of your financial destiny, one of the first things that you must do is transition from the position of consumer to that of business owner and investor. You must be able to produce, own and sell a