Step 40: Plan your income

Step 40 of the 100 steps mission to financial independence: Plan your income
Step 40.: Plan your income

For the past 8 steps we’ve looked at different income sources and you have analyzed each one in detail, looking at your own situation to determine whether any of these might be possible avenues for you to pursue further. What else do we want, right?

Well, just one last thing: a plan. If you truly want to change your income, thinking and talking about it is all nice and fun, but nothing will ever happen unless you make a plan and stick to your plan. Feeling inspired to do something about your finances is one thing, but actually getting off your bottom and taking action is what will ultimately determine whether anything will change, or whether it will just remain a fantasy . Continue reading

Step 28: Keep 50% of any extra money

Step 28 of the 100 steps mission to financial independence: Keep 50% of any extra money
Step 28: Keep 50% of any extra money

As promised, the next few steps will focus on how to speed up your savings process and reach your savings target faster with some simple ideas. Although the tips and habits will help you to build your living fund faster, they are not meant to be just one-off ideas. If applied over time, they will help you to keep progressing towards new financial targets you have set yourself, even if they have since become other or bigger goals.

The first one of the tips – Keep 50% of any extra money – is an easy one to understand, yet as often is the case when it comes to money, difficult to implement, as it requires you to resist the temptation of instant gratification and instead needs you to focus on the long-term advantages of self-control. Continue reading