STAGE ONE - IRRESPONSIBILITY - Pipe dreaming - You don't have a clue about financial independence.
oIt's not fair oIt's too much work oSomeone will take care of me.
oI'll buy a lottery ticket oYes, but...
STAGE TWO - RESIGNATION - You are powerless and Financial Independence is a foreign concept.
oFI is not possible oHow can I possibly do this? oI'll never have enough.
oI'm doing my best (sigh) oNobody I know is making it.
STAGE THREE - WILLINGNESS - You shift and start to make noticeable changes oMaybe I can get ahead.
oI understand I have to change and commit to a plan of action oI now tell the complete truth about my finances.
oI know how much I owe, own and what my expenses are.
STAGE FOUR - ABLENESS - You prove that you can get on the FI Track oI invest in my ability to make money oI have taken care of things that limit my ability to make money.
oI am worth being FI oI've stopped wasting/spending money on things I don't really want or need.
STAGE FIVE - ON THE FINANCIAL INDEPENDENCE TRACK - It's measurable and sustainable; a track record.
oI have $25,000 in the bank I don't need oI am regularly saving/investing between 15-30% of my net income.
oI enjoy how I make money oIf I make no more changes (and assuming no financial or market crisis) I'll be financially independent within 10 years.
STAGE SIX - FINANCIAL INDEPENDENCE - Yea! oI work only because I want to.
oI have more than enough money to live on from passive sources.
COMMIT IN WRITING = RESULTS So, my friend, where are you on the Financial Independence Stage?Please immediately circle where you are NOW.
Be completely honest.
This is about moving from where you are to where you really want to be.
Now, take a look and project where you would like to be in a year.
Yes, this is going to take some work.
But it is well worth it.
NOW make a commitment.
Sign and date the information below as your commitment to yourself.
Remind yourself that WRITTEN GOALS HAVE GREAT POWER!!If you don't write it down, YOU WON'T ACCOMPLISH THIS.
So, write it down now! I ________________________________ am presently on STAGE _____.
I COMMIT myself to moving forward on Financial Independence this Year and expect to be at or above STAGE ________________________.
By (Date one year from today) __________________________________.
If you were extremely resistant to this, don't give up.
It simply means; you resist "authority" or people telling you what to do, you are afraid of commitment, you have some level of fear around actually being able to accomplish your goals.
Don't let any of this stop you.
Commit now.