Your Questions About Financial Freedom

Daniel asks…

Financial freedom?

Have you ever wondered what it woulld be like to be financially independent ? When was the last time you didn’t have a credit card? When was the last time that you where able to go shopping with out thinking about having enought money to pay the rest of the bills?

Wouldn’t be nice to be free?
What are you doing to accomlish those dreams?
If you would be able to do something to be debt free, to be able to go shopping freely would you do it?

John answers:

Your last sentence says is all. You want to go shopping and spend, spend, spend. There is a book called The Millionaire Next Door. The author talks about people with money and where they got it…..Most saved it from working. You will Never get there until you change your ways of life*

Michael asks…

What is financial freedom in America?

I want to have enough money so that I will not have to worry about money for the rest of my life. I want to do what I want to do. I hate working a job I hate just to pay the bills. So what is financial freedom?

John answers:

Financial freedom is not being in debt. Most people live paycheck to paycheck, so i would say having a year (or so) worth of savings in case your job goes south. You are looking to be ridiculously rich, which is different. Even most ridiculously rich people have to work to keep up their lot.

Richard asks…

Got answers for these, share yours: What do you mean by financial freedom? Why is it important to you?

What do you mean by financial freedom? Why is it important to you? What will it be like to be financially free? What’s/who’s stopping me on achieving it? Why are they stopping me from achieving it now? How much pain would it be for my family if I die too soon? How can I take care of it now? What can I do to start this change? Can I do it now? How?
Who will benefit from my financial freedom? What lasting value would it create for me and my family?

John answers:

My answer is a bit different, and perhaps most people will think I’m a complete nut-case, but that’s okay, because I already HAVE financial freedom, and here’s how I got it…

1) Believe that God keeps his promises, one of which is to take care of everything. (Jesus, in the sermon on the mount, the Gospel of Matthew, chapters 5-7).

2) Give away as much as possible. The rule of the universe is that when you give to someone, what you get back is at least ten times as much. Please don’t take my word for this… Go out and try it.

Have you ever heard of tithing? It’s not that new a concept, it goes back thousands and thousands of years, to the very beginning of the Bible, in Genesis.

Did you ever wonder, why 10% — why 1/10th?

It’s because it’s a perfectly balanced mathematical formula.

If you always get back ten times what you give, then 1/10 really is the MINIMUM you should give.

For example, let’s say you just earned $500. If you give away $50, you’ve guaranteed that another $500 is coming your way. But if you give away $100, then you’ll have $1000 coming to you. Give away $200, and next time it will be $2000.

The timing will be different for everyone. For me, I’ve always gotten results within 3 to 7 days.

Like I said at the start of this, yeah, I know most people will just scoff and think I’m crazy. But if at least ONE person who reads this is inspired to look into it further, then writing this will have been worth the trouble (it’s another form of giving).

A final thought… Did you know that this is the one promise in the Bible where God says, “TEST me on this. See if I don’t do what I promise.”

Read the last book of the Old Testament, Malachi. Chapter 3.

Jenny asks…

What is your experience with Freedom Financial Management?

We have a large amount of credit card debt and are considering debt negotiation through Freedom Financial. They say that we can pay off our debt in three years time and that while our credit rating will initially be affected, by the time the debt is paid, the negative rating will be mitigated. Has anyone used this service (or a similar one)?

John answers:

I myself have not used it, but have a (distant ) friend who has.

They are thoroughly disillusioned with the service. They have said they bitterly regret having done this.

I have no information other than that, they did not want to talk about it ( and thus reveal the extent of their problems, I guess. )

I suggest you do more research beyond this forum.

Joseph asks…

10 tips to avoid financial freedom?

I am looking for some tips you guys use to help yourself avoid financial freedom.

thanks!

John answers:

Spend, spend, spend! The more the better!

Take out a student loan then major in something like Carribean studies.

Take a job at minimum wage and refuse any raises.

Rack up your credit cards, and then make sure you don’t pay them until the interest costs get so high you have to declare bankruptcy.

From there it’s pretty much smooth sailing to avoiding financial freedom.

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