3 Of The Best And Most Powerful Personal Finance Education Strategies You Must Know

There are quite a few methods for creating the life of your dreams and finding financial abundance

. However, there are three keys to this process that you can't ignore and must begin implementing as soon as possible.

The first thing you must do is protect everything you have. That means putting money aside for your insurance needs. No one likes paying for insurance -health, life, car, home, etc. But being stuck without insurance is a sure way to deplete any savings and ruin your personal finance plans.

Life insurance should be a key part of your plan. Spend some time thinking on this idea: If you want your family to have a great life while you're here, don't you want to make sure they're safe if you pass away early? Don't answer this in the wrong way!

The second key to this process is controlling your income. It's financially unhealthy to depend on only one source of income these days. If you have a great job making a great income, are you absolutely sure you'll have that job all the way to retirement?

Be honest here. What is your backup plan when your employer can get rid of you and use your salary to pay for two salaries of kids fresh out of college? Are you sure they'll keep you and that retirement package you're expecting? Or will they dump your expense and pick up a cheaper employee?

Think long and hard about that one. It's happening everyday around you, whether you want to believe it or not. So, whether you have a great job or you're struggling with income, you'll be doing yourself a huge favor by adding other income sources.

Begin the best MLM business you can find, build a website, invest in real estate, etc. Do something that will eventually allow you to control your own income. The last thing you want in the coming years is to be dependent on someone else to allow you to keep working.

Third, leverage your income. This means you earn income that is not completely dependent on your efforts. This would be the direct opposite of your job. At your job, you don't make any money unless you're there trading your time for money.

However, what if you could work the equivalent of 100 hours per day? That's what a network marketing business or real estate can begin to do for you. An example of this is when you get a proper network marketing education, add a few of the various MLM leads into your business, and watch your business grow...all as you begin to earn money while sleeping.

If you own real estate, you gain appreciation on that real estate. No longer is it necessary for you to "put in the time" to earn income. If you had a couple websites, an MLM business and some real estate, you may find that you can replace that job. That's when you experience financial freedom and prosperity! Learn to leverage your income.

3 Of The Best And Most Powerful Personal Finance Education Strategies You Must Know

By: Matt Zavadil

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