How can you reach your goal?

How can you reach your goal?
By: Elmer Francisco

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Like what I've previously mentioned, being an employee is not bad at all as it has its purpose. This is the most basic way to start achieving your dreams especially if you are starting from scratch or from nothing. Not to mention that you could also be covered by the group insurance and other benefits being offered by your respective employers. Another important purpose of being an employee is to gain experience on the field, business or investment that you are interested to get into in the future.

It is always good to learn the fundamentals before jumping into something with both feet, ...or head first. Would you jump into a swimming pool without knowing how deep it is? If it's too shallow, you could break your feet, legs or head if you jump into it. If it's too deep, you must know how to swim or at least have some leverage like a life vest or a floater. Either way, it is best to learn more about what you are about to get into.

Whether you're an employee, self-employed or a businessman, it would not make much difference. You can still start being an investor NOW!

As mentioned, with The Order, you can cut the crap and go straight to the top. They say that it isn't easy. I agree, if you don't know what to do. Lucky you! All you have to do is to religiously follow The Order and you'll be on your way. It's as easy as ABC or 123. How hard could that be?

This isn't magic either! Your dreams will not simply appear right in front of you from thin air. You have to do whatever is necessary to make it happen. The good part is that if you follow The Order, you could avoid stupid and expensive mistakes because, trust me, it ain't pretty.

How could you go straight to achieving your dreams from where you are now?

Regarding personal finances, many people do it like this... Upon receiving their salaries or income, they pay all of their bills and all other expenses then whatever money that's left are being put into savings. That is if there would be anything left. Sounds familiar? If you are also doing it like this, you will be where you are until the day you die. Wouldn’t you want to be in total control of your time and finances?

Unfortunately, many people do it this way, …the wrong way. I was not an exception back in the day. Like what I told you, I learned things the hard way. But I learned from my painful mistakes and got back on track. In fact, not just on track but on a bullet train.

The question is, what is the right way?

BUDGET CORRECTLY!

FORMULA:
100% SALARY/INCOME =
10% PAY YOURSELF FIRST, TITHE or TITHING and INVESTMENTS +
20% SAVINGS, PERSONAL DEBTS and INVESTMENTS +
70% EXPENSES

The right way to do it is upon receiving your salary/income, deduct 10% to pay yourself first, for tithing and/or for investments then deduct 20% for savings, to pay for personal debts and/or investments then use the remaining 70% to pay your bills and other expenses. Some people say that it would be better to spend only 10% of your income and keep the 90%. I am not saying that they are wrong, but I would prefer my formula because spending makes me feel really good. Spending my hard earned money for my family puts me in a happy and grateful state. By the law of attraction, it will give me even more to be grateful about. When you feel good, everything will go your way. With this new mindset, you must discipline yourself to do this consistently; otherwise, it will all be for nothing and you will simply go back to where you used to be. 

If you still haven't read my article about budgeting, click HERE to read it. It will help you prepare your budget and understand its importance. When you already have a budget in place, follow it. In short, live within your means and continuously increase your means.

Tithe or Tithing is a term used in the olden days wherein 10% of your income would go to your religious organization or your government. It could be for anything that you believe is for a good cause. If you honestly believe that there is no worthy cause, then include this to your savings and investments. As for me, it goes to my philanthropic projects (Click HERE for more information about this).

Savings is money that you set aside for the future. To be more specific, I set aside money for unforeseen expenses, others call it “rainy days”. It is best to have a savings equivalent to at least 12 months of your expenses (Go back to your budget to determine this value). You don’t need to deprive yourself every month just to complete your savings. All you need is to consistently set aside 20% from your monthly income as stated in the formula. That’s it! If you wish to go beyond 12 months, by all means, do it!


Now, the exciting part is when it comes to INVESTMENTS<----- Click the link to find out!

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