4 Simple Steps to Start
The Simple Finance Bytes Path to Financial Freedom is all about making your financial journey easier. You don’t need a complicated plan to achieve financial independence. With just four simple steps, you can start the path toward long term financial independence and freedom.
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Step 1 – The SFB Three Bucket Budget
It all starts with a budget. Without a budget, it is difficult if not impossible to reach financial freedom and independence. The thing is, you don’t need to have a super complicated or difficult budget where you track every single expense and dozens of categories. All you need are three simple buckets and a plan. Let us show you how. Join our mailing list from the form below!
Step 2 – The Emergency Fund – your rock in a storm.
The biggest reason people fall into debt and financial hardship are expenses that they did no plan for. When you create an emergency fund, you are basically creating your own insurance policy that will cover you when bad things happen. You don’t have to tackle filling your emergency fund all at once, you can start small and grow from there. Let us show you how. Join our mailing list from the form below!
Step 3 – Slay Debt
Once you have your footing, now you’re confident that you can finally achieve financial freedom and independence. And you’re right! The next thing you need to do is get rid of all debt except for your mortgage (if you have one). Pay off credit cards, auto loans, student loans and any other debts that are not your home mortgage. This is the biggest step you will take toward financial freedom and independence, because it “cuts the tail” off of debt that robs you of your money every month in the future. This step can take a while, but it is absolutely worth it. Let us show you how. Join our mailing list from the form below!
Step 4 – Grow your emergency fund
Now that you’ve set up your emergency fund with the first amount and killed all of the bad debt, it is time to take the “insurance policy” you created with the emergency fund and turn it into a huge shield. This makes sure that even big problems, like a job loss, won’t throw you back into financial hardship and debt. Build your emergency fund to fight for you when times are tough. Let us show you how. Join our mailing list from the form below!