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Old 11-06-2006, 06:49 AM   #15 (permalink)
Conn Stell
Junior Member
 
Join Date: Nov 2006
Posts: 5
Conn Stell is on a distinguished road
Default Focus on Financial Independence

I think focusing on financial independence is better because it’s a goal clearer than getting rich. Financial independence = when your investment monthly income equals or exceeds your monthly expenses.

Here are a few steps:
1. Eliminate debt
2. Reduce expenses
3. Increase income
4. Save money
5. Invest in income-producing assets
6. Invest in your own business

Good Luck!
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