If you’re thinking that it’s about time you experience financial freedom in your life, you are right. We can start right here, right now by taking a simple test.
How frequently do you pay for rent?
How frequently do you pay for credit fees?
How frequently do you pay for your utilities?
How frequently do you pay for your grocery bills?
How frequently do you pay yourself?

Wait a minute-was the last question misplaced? No, it’s there for you to realize something. Think about it, when we begin making money, usually we pay everybody except ourselves. It’s because we believe that by the time we pay off everything we need to pay, almost none else is left for us.

This sounds logical enough, but here’s a better way to attain success-take a percentage of your income regularly and keep it for yourself. The very wealthy have done this with their money for hundreds of years and apparently, it is still effective today.

The Babylonian law of financial success states that you pay yourself first. That’s right, this is the rule you must follow in your personal wealth building-before all the rest of the ‘debts’ you have incurred, it is vital that you set aside at least ten percent of all that you earn away in what you may call a financial independence account.

A portion of this financial independence account should be used to make payments on your insurance premium. Insurance premiums are good investments that don’t require a lot from you. Save the rest of your money. If you don’t spend your savings and the interest it yields, you will have a considerable sum you can invest with soon.

Now, if you have a few debts you still have to pay, don’t worry-your financial freedom is still attainable. Climb your way out of these obligations by making another account-the Debt Clearance Account.

A debt clearance account is basically just taking 20% or so off your income to pay off your debts. Make a letter to your creditor and inform him your financial objectives and promise him that as you continue making money, you will give him a certain figure until you pay off the entire amount.

What you have now is a personal savings account, a debt clearance strategy and a clear financial picture of where you want to go. It is easy to begin and successfully pursue your wealth building plans now.

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