How Financially Healthy Are You?

Bo Sanchez8 Secrets of the Truly Rich book page 201

Presented by Melissa Medina

It depends on how many steps you’ve taken towards financial health. I will share with you the Six Steps to Financial Health. If you notice, I put a Step #0 because this is a faith act. How can a poor person give? But that is the challenge. When he becomes generous, he attracts more generosity upon his life. Here they are…

Are you Financially sick or healthy?

The Lord will grant you abundant prosperity… The Lord will open the

heavens, the storehouse of his bounty, to send rain on your land in

season and to bless all the work of your hands. You will lend to many

nations but will borrow from none.

— Deuteronomy 28:11-12

This is the purpose of money—to use it for love. And tithing is the “training wheels” to learn how to do this. Each month, set aside a fixed percentage of your income to God and the poor. And be open to the blessings that will flow to you.

Step # 0 : Give to God Monthly Love Offerings (start with 10 percent)

“Bring your tithes to the temple.”

— Malachi 3:10

Step #1 : Free Yourself from All Bad DebtList down all your bad debts and declare when your Freedom Day will be. Never borrow for anything that doesn’t put money into your pocket. Renegotiate withcreditors if you have to.

Step #2 : Increase Your Income and Start a SidelineGrow yourself, your skills and your abilities. In your job, be known as someone who works fast. Always get more responsibilities. (“Sir, I finished the project. Is there anything else you want me to do?”) Your boss will be forced to promote you. And sell something on the side and keep on learning.

Sales are contingent upon the attitude of the salesman, not the attitude of the prospect.” --William Clement Stone

Step #3 : Get Protection (insurance) Equal to 10 Times Your Annual ExpensesYour goal is to be self-insured. But while your investments haven’t reached that point where your passive income is equal or greater than your expenses, you need to buy insurance.

Step #4 : Create an Emergency Fund in the Bank Equal to Six Months’ ExpensesThese are for your daily expenses as well as unforeseen expenses. Having an Emergency Fund prevents you from dipping into your long-term retirement fund.

Step #5 : Create a Retirement Fund Saving 20 Percent of Your Monthly Income in Various Growth Funds.Keep researching on the best places you can put your long term savings. It will be determined by your age and the level of risk you’re comfortable with.

Step #6 : Create Passive Income Via Business and Investment Equal to or More Than Your ExpensesThis is financial freedom. It is the place where, even if you stop working, you can still live your present lifestyle.

If you want to grab the copy of this e-book for free “My Maid

Invest in the Stock Market…and Why You Should, Too!”

click the link below: TrulyRichClub or

Send your question to melissamedina786@gmail.com I

would gladly answer. Thank you.

Thank You Very Much!!!Melissa Medina

As you take one step after another step, you gain in financial health.

Friends, this steps is only a start of your exciting

journey towards material and spiritual abundance.

Keep learning. Read books on money. Attend seminars on money. Get mentors and financial

coaches. Remember: You create your future by

your choice today! – Bo Sanchez