|
Debt Free Living
You can become debt free
|
|
I am currently reading books and working towards becoming debt free. Most people don't plan to fail, they fail to plan. That is why I am starting on a journey to become debt free and save, save, save.
I read a book called Financial Peace by Dave Ramsey and published by LAMPO Press
Crown Financial Ministries has a wonderful website devoted to Christian financial principals, They have a Money Map and the first stop on your destination to financial freedom is to start an emergency fund and save $1,000.
|
|
|
|
|
Dave Ramsey, in his book Financial Peace, gives a list of Major Components of a Healthy Financial Plan and they are:
Written Cash Flow Plan
Will and/or Estate Plan
Debt Reduction Plan
Tax Reduction Plan
Emergency Funding
Retirement Funding
College Funding
Charitable Giving
Teach My Children
Life Insurance
Health Insurance
Disability Insurance
Auto Insurance
Homeowners Insurance
Crown Financial Ministries Money Map has six destinations to arrive at Financial Freedom:
1.Emergency Savings
2. Credit Cards Paid Off
3.Consumer Debt Paid Off
4. Save for Major Purchases
5. Buy a Home and Begin Investing
6. Home Mortgage Paid Off
7. True Financial Freedom
|
Copyright © 2008-2010 Christopher R. Tyson - All Rights Reserved
Mattaponi, Virginia - Revised: 17 Aug, 2010 crt
|