SEVEN STEPS TO FINANCIAL FAST TRACK

MINDING YOUR OWN BUSINESS: The first question to ask yourself if you are about to be in financial freedom is “WHO ARE YOU MAKING RICH”. In life, most people normally have these four things in mind;
v Go to school; get good grades in order to find a secure job and good pay.
v Work hard for you to buy your dream house.
v Having a large mortgage, government will give you tax deduction.
v Buy now and pay later or low down easy monthly payments.
The people that have this thought in their mind also become;
Ø Employees, making bosses and owner rich.
Ø Debtors, making banks and money lenders rich.
Ø Tax payers, making government rich.
Ø Consumers, making other businesses rich.


TAKING CONTROL OF THE CASH FLOW: Most people thought by making more money, their problems will be solved. It is not so, if their expenses are much, their making money will also increase their expenses. The only thing which can reduce it is taking care of their cash flow.
In every liberty, there is an asset, it doesn’t just show on the same table and for every asset there is a liability but they don’t show on the same table.
ü To take of the cash flow, draw a management plan.
ü Pay yourself first: Draw out a particular percentage from any income which you collect and place into an investment savings account which should not be touch until it is time for investment.
ü Try and look for a way of increasing your income monthly by a particular amount.
DIFFERENCES BOTWEEN RISK AND RISKY: Most people say investment is risky but it is the people that do not educate themselves about investment that is risky. Proper cash flow management begins with differentiating between an asset and a liability. A house may be an asset or liability depending on where the cash is flowing. It is and asset if people are paying for it and it is a liability if money is coming out of your pocket. Financial intelligence means the ability to convert cash and labour into an asset that provides cash flow.


TYPES OF INVESTOR: There are three types of investor:
§ Type A: They normally seek for financial question.
§ Type B: They seek for financial answer.
§ Type C: They are the people saying “I don’t know”.
For you to get on the fast track faster, all you need to do is to first learn about the people in the “B” and “I” quadrant. Learn about their things, what they do. Learn how to build a business first because it takes educational experience, improve personal skills, free time. For people to find their financial fast track, the first four discussed should be done.
SEEK MENTORS: A mentor is someone who tells you what is important and what is not important. They are the person that guild you to places you have not been before. Mentor normally direct you physically, mentally and spiritually because physical thing are the things done with hand and spirit and mental are the things the mind works with.
In choosing a mentor in anything you want to do, try and make an enquiry on the people that have the thing which you are about doing.
“Who you spend your time with is your future”, to change a future, a thought need to be change.

Action
i. List the six persons you spend most of your time with.
ii. State which quadrant each person is operating from. If unemployed or retired, state which quadrant is coming from.
iii. State the type of investor each of them is operating from.


TURN DISAPPOINMENT YOUR STRENGHT: The reason there are few self-made rich people is because few people can tolerate disappointment. Instead of avoiding disappointment, be prepared for it. If you have prepared for disappointment, it will be turn into opportunity which leads into an asset.
Ø Expecting to be disappointed: Only fool will think everything will turn out the way they want. By expecting a disappointment, you will be calm and dignity, by being calm will allow fast thinking.
Ø Have a member standing by: Whenever you are going into a new deal, disappointment may come, by this, have a mentor by the side, not really on your side but by having a fast way of contacting some people who you think and know can help. “Many people will not head down the street until the green light is on”.
Ø Be kind to yourself: One of the reasons why people fail in whatever they do is not about what people said to them but it is because they are hard on themselves. It is hard to learn something new when you push yourself or you become someone else for your disappointment.
Ø Say the truth: The size of your success is measured by the strength of our desires, the size of the dream, and how disappointment is handles along the way.
Losing is part of winning.


THE POWER OF FAITH: Have faith that everything needed to make financial fast track to come to hand is deposited in you. Our deepest thoughts are often the reflection of our souls, thoughts are reflection of our love for ourselves, our egos, our dislike of ourselves personal truths are spoken at the moments of peak emotion and they are also personal lies because you may be using the other people as an excuses for your inactive.
“The only person that determines the thoughts you choose to believe about yourself is you. The reason people stop and turn back from their dreams is because the tiny person found inside each of us beat the person that is bigger. Face your fears and doubts, new world will open to you.