DEBT FREEDOM "LOOKS GOOD" ON US!
We all know that financial hardship is a big factor in today’s society.
One, out of many, reasons why, is because of the massive epidemic of individualism.
We are stuck in the “I got mine, you have to get yours" mentality.
Progress Becomes U believes we can overcome financial debt, in our individual homes, by giving to one another, as a community, in the midst of what is going on in today's economy.
Choose to become an ambassador for debt freedom for yourself and your family!
Dave Ramsey, who is a personal money management expert, has 7 steps that can catapult you towards financial success.
I will not go into specific details of each step on this website, however, if you want to dig deeper into the understanding of the 7 steps and how they work, click the link below:
Here is the brief layout of the 7 Steps towards Financial Independence:
Step 1 – $1,000 to start an Emergency Fund
Step 2 – Pay off all debt using the Debt Snowball
Step 3 – 3 to 6 months of expenses in savings
Step 4 – Invest 15% of household income into Roth IRAs and pre-tax retirement
Step 5 – College funding for children
Step 6 – Pay off home early
Step 7 – Build wealth and give!
97% of us will struggle with starting the 7 steps properly, because of the lack of available funds needed to put towards taking these steps on a consistent basis. That's where the Financial Leveraging Options comes into play.
Planning for Financial Independence
According to the book, How Money Works (pg.150), to gain financial independence a person must have sufficient money to be able to pay their living expenses without work, for example retirement. This can be achieved by saving and investing well, so accumulating enough wealth to live on, or by generating a passive income that will continue paying out when retirement age is reached.
Through our financial leveraging options, we make financial independence attainable for every individual who chooses to pursue it!
We no longer have an excuse for struggling financially when we come together as a determined community to become debt free!
***IMPORTANT NOTE: WHAT YOU RECEIVE FROM OTHERS IS CONSIDERED A GIFT, SO THERE IS A GIFT TAX THAT YOU MUST BE AWARE OF WHEN IT EXCEEDS $15,000 IN ONE CALENDAR YEAR.
FOR MORE TAX INFORMATION AND THE FORM NECESSARY TO FILE IF NECESSARY, YOU CAN CLICK THE BOX BELOW OR CONSULT WITH YOUR TAX ADVISOR.