A Quick-Start Strategy for Greater Financial Freedom

A friend of mine is promotion a cool looking new tool and asked if I would run a guest post from them. Although this is not an endorsement I liked the set up of the site and the angle it was pushing for us to take control and gain more financial freedom. So have a read and leave your thoughts and comments below.

A Quick-Start Strategy for Greater Financial Freedom

What do you want in life?My Money Checkup

Before you answer that, think of the underlying those wants.

Most of our wants, in life, comes down to freedom: the freedom to travel, the freedom to choose, the freedom from the elements.
We’ve progressed, as a society, where the fights for survival has shifted from the random bear attack to the random financial disrupt. Our freedom is cut short due to money issues that are often out of our control.

Analogy aside, what we all want is the financial stress to be lifted so we can enjoy the finer things in life.

Here’s how you reach that freedom …

Doing the Things that Matter

Frugality is certainly a great trait because it allows you to focus on the bigger wins in life but there comes a moment when the line begins to blur and you end up being cheap.

There’s an idea that looks at the 80/20.

This 80/20 way of thinking can be applied to anything but rings true for nearly anything you place interest and effort into.

For example: 80% of your results will come from 20% of your efforts.

How is that possible? 

  • Contributing to a 401k instead of drinking bland coffee
  • Maxing out your Roth IRA instead of sacrificing an otherwise enjoyable weekend
  • Taking chances with a business instead of being an employee

There are many paths to greater financial freedom (each with their appropriate risks and rewards).
So when it comes to managing your finances – a few small actions can result in massive wins.

Enter: MyMoneyCheckUp

MyMoneyCheckUp is a free tool and service which takes you through a step-by-step process where you answer common financial questions and you’re given a report explaining your faults and what you can do about them.

You won’t get the ‘red’ light on all of them. In fact, you’re probably well off in a lot of areas but the tool goes through the gamut of main financial elements, including:

  • Budgeting
  • Borrowing
  • Savings
  • Housing
  • Retirement

These areas are the biggest contributors to your financial (and personal) freedom.
It’s simple, overall:

  • Sign up
  • Answer the questions
  • Get a report

The report is the heart and soul of the tool. It was originally used for research but has now become one of the staples of the National Foundation for Credit Counseling (NFCC). Combined with the report and the educational resources by the NFCC, you get basically everything needed for a better understanding when it comes to your debts and money.

There are a few other aspects which makes it handy:

  • There’s a finance calculator
  • It’s not some data phishing tool for your personal information (unlike others)
  • It’s also in Spanish

With all that, it’s easy to see how you can begin making the important corrections. One particular element, retirement, is one you most likely have passed off – the report will give you a nice kick in the butt to get on it. You’ll also be surprised at how much more you could contribute into savings and investments when you cut out the fat of random spending.

Overall, this is the type of tool that everyone should use at least once a year as a checkup (makes sense, right?). It’ll keep you on track if you use the educational resources and you won’t need your hard earned money on some financial expert – you’re in control.

To access the tool and start running a report, go ahead and click here to jump to MyMoneyCheckUp.

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