“8 steps to Future Financial Freedom”

By Tweneboah-KoduahMBA – GIMPA; DipM MCIM

Email: tkoduah@yahoo.com

The Eight (8) steps to Life SuccessYour wheel of life

Write your goal Down

Are we familiar with these life situations?

The 8 Steps

Tithing• God’s

– Law of abundance

– Law of financial protection

– Law of no Lack

– Make a standing Order in your Bank Account

Why Pay Your Tithe• (Mal 3:8) You people are robbing me, your God. And, here you are,

asking, "How are we robbing you?" You are robbing me of the offerings and of the ten percent that belongs to me.

• (Mal 3:9) That's why your whole nation is under a curse.

• (Mal 3:10) I am the LORD All-Powerful, and I challenge you to put me to the test. Bring the entire ten percent into the storehouse, so there will be food in my house. Then I will open the windows of heaven and flood you with blessing after blessing.

• (Mal 3:11) I will also stop locusts from destroying your crops and keeping your vineyards from producing.

• (Mal 3:12) Everyone of every nation will talk about how I have blessed you and about your wonderful land. I, the LORD All-Powerful, have spoken!

Keep Your Job – Work as hard on yourself than you do on

your Job – Jim Rohn• Identify your critical skills• Develop those skills• Maintain

• God will bless you in your Work• See yourself as Self Employed• You are the CEO of yourself!• Personal Development is the KEY• Read in your field• Use the Golden Hour 4am to

6am• Attend

– Seminars– workshops and– Conferences

• Network in your field

Keep a strict Account• Track where your money

goes

– Phone calls

– Drinks

– “Mmeda ma se”

– Fuel

– Eating out too much

Keep a Strict Account

• Track where your money goes

– Phone calls

– Drinks

– “Mmeda ma se”

– Fuel

– Eating out too much

Sample Personal Finance PlanAdditional IncomeTotal Income

Income 2,500.00 - 2,500.00

Monthly Financial Planning

Tithe 250.00

Home Support 600.00

Retirement Plan 300.00

Welfare Plan 44.44

Child Education 200.00

Parent Support (F.K, santuo, Ataa) 400.00

103.00

Family Income Protection Plan (Star-life) -

Other Investments 200.00

Car and fuel 200.00

Salary 300.00

Others -

Rent -

2,597.44 (97.44)

standing order

Remarks

standing order

standing order

standing order

standing order

standing order

Get Second Income!

• You can’t live on one job TODAY!

• Find part-time businesses

• Network marketing

• Find your passion and pursue them – it could be a source of additional income

Save!• Actively put money aside

for the rainy days

• Determine monthly income or expenditure

• Save same amount at least 3 to 6 months

• When the unexpected happens– Loose job or

– Take a long Holiday

Invest.. “It is not how much you make, BUT what you

do with what you make, that makes the difference” Zig Zigla

• When your money works for you

• When you enjoy free cash-flow - either you are working or not

• Free cash flow

• Cash flow should be equal or more than monthly income or expenditure

• You can decide not to work again

• Great Plan for retirement

Sample Investment Potfolio

Hedge All Your Risks• Don’t spend all your

investments or savings on risks that can be protected with Insurance

• Take charge of your Peace of mind NOW!!!! With insurance

Debt free• 2 Types of debt

– Bad Debts

– Good debts

• Debts

– Kill Businesses

– Life’s frustration etc

– Lower self esteem

• Good debts are in Assets

• Bad debts are in consumable items

Simplify your Life

Watch your friends

Watch what you say• Life and death are in the power of

the tongue.

• There is a reason why Jesus could speak to a fig tree and see the results of what He said twenty-four hours later.

• There is also a reason why God could speak the worlds into creation and see immediate results—He believed what He said.

• Words are things. It's important to understand that when you speak words, you are also speaking things.

Give• Second Corinthians 9:7-11 gives

some important information about giving as well: "Every man according as he purposeth in his heart, so let him give; not grudgingly, or of necessity: for God loveth a cheerful giver. And God is able to make all grace abound toward you; that ye, always having all sufficiency in all things, may abound to every good work. Now he that ministereth seed to the sower both minister bread for your food, and multiply your seed sown being enriched in every thing to all bountifulness, which causeth through us thanksgiving to God."

• Luke 6:38 says, "Give, and it shall be given unto you; good measure, pressed down, and shaken together, and running over, shall men give into your bosom. For with the same measure that ye mete withal it shall be measured to you again."

Pull it all Together!

January 2002 21

THANK YOU FOR YOUR ATTENTION