7 Step guide to financial Prison Break

photo by Martien@Arnhem, Flickr

So you want to break out from your financial Prison? Ok, well here is my 7 step guide on how to start doing that:

1. Write down your financial plan. Understand your actual situation and choose realistic goals for future.

2. Take control of your financial situation. Learn how to read and write a financial declaration.

3. It’s important to understand the difference between assets and liabilities. What is cash flow and why it’s so important ?

4. Buy assets first , liabilities second.

5. Start a part time business. This is the best alternative if you are a self employee.

6. Don’t work for money. Put money to work for you. It’s not so hard as it seems to be.

7. Improve your financial and investment knowledge.