+

The Sure Fire Way Of Achieving

Financial Independenceby: Dan Cavalli

Business and Money Strategist

Finding work to earn one’s

way through life is sometimes

called financial independence.

This may be true to some

extent, but true financial

independence means not

having to rely on anyone or

anything financially.

Steps in Building Wealth

Click to learn the

Theoretically, working for a living means that one is

independent of his parents’ support, but is still

reliant on his job. The “true” form of financialindependence could

hypothetically be achieved

instantly by winning the

lottery, inheriting a fortune,

or making a fortune

through the stock market,

an invention or one’s talent

and then retiring early.

However, unless a person

is exceptionally lucky or

has unbelievable talent, he

will have to work towards

financial independence just

like everybody else. Most

of the people who are trulyfinancially independent are the people who worked

for it.

Thinking about Starting a business and want to know how:

http://www.howtogrowasmallbusiness.com/

By working towards a so-called nest egg, these

people save enough money to live comfortably

independent of anyoneor anything. Another

term for this type of

people is retiree.

Aside from the filthy

rich, only retired

people are truly

financially self-reliant.

There is no dark secret to

financial independence. It

only means saving enough

money while working in

order to be self-sufficient

later. The key is in saving

money. Nevertheless, onecannot save by keeping money in a box safely hidden

in the garage and hope that the money will be

enough for a comfortable life later.

FREE ABC's of Success at:

http://www.commandobusiness.com

In order to achieve one’s goals of

financial independence, one has

to save money in a bank and let

that money earn even more

money. Granted that there is a

small risk in keeping one’s saving

in a bank, one still has to take

advantage of the interest rates

given by the banks.

www.startingabusinessnow.com

A 3% annual interest may

not sound much, but

when interest is

compounded, a small

amount could turn out

much bigger in time. For

instance, a $200 depositwill earn only $6 at the end of the year under a 3%

annual compound interest. By the end of the second

year, that $206 will earn not only $6, but $6.36.

Going on, that $200 will have earned $68.73 by the

10th year and will earn $161.22 by the 20th year.

By this calculation, money earning a 3% annual

interest rate will double

by the 24th year. Using

this calculation as a

basis, it follows that a

person who deposits

money at the age of 20

will have doubled his

money by the age of

44.

If a person kept depositing

$200 every month at a

bank that gave him a 3%

interest rate until the age

of 60, he will have saved

over $100,000. These

figures are based on

minimum amounts just to

give an idea of how much

money could be saved.

How to Dominate Your Target Market in any Economic Climate:

http://www.recessionproofmaster.com/

A 5% interest isn’t

unheard of and it is

very possible to save

more than $500 a

month if one really

tried. If the company

accountants wereinstructed to deduct $500 from one’s salary and

deposit it to his account, the employee would make

do with what he gets from his paycheck and will live

his life accordingly.

Financial Independence

Begins and Ends With You!

In the meantime, his money would continue to grow

and by the time he knows it, he will have enough

money to be financially

•independent. So the

moral of this story is

simple: save money

and be financially

independent in time.

There may be short-cuts to self-sufficiency, but

saving is the only sure way to get there.

You can use all these

strategies to save

money, reduce debt

and improve your life

but it means nothing

unless you have a

foolproof method

automatically set up

to do it for you.

www.the-richest-man-in-babylon.com

Get my FREE money saving secrets set on

auto pilot at:

DAN CAVALLI’s noted by the

“Financial Review” as one of

Australia’s “Internet’s Untold

Millionaires”. He is also the

author of the internationally

sold financial book,

"Blueprint for Making

Millions."

Get your FREE chapters here:

www.blueprintformakingmillions.com

About The Author