30 Great tips for Financial Independance

 Here is a great collection of tips. You may find some ‘pearls of wisdom’ to assist you in your financial endeavours.

1. There is no such thing as a dumb question. 
2. Life is for living.  Too often we see stress, rather than satisfaction.
3. Just because someone else is doing it, doesn’t make it right for you.
4. If it sounds too good to be true, it probably is.  In fact, it generally always is!
5. Be patient, very few things happen overnight.
6. Don’t put all your eggs in one basket – diversify your investments.
7. If you have lived a financially conservative life, you generally don’t overspend in retirement.  The adage ‘leopards don’t change their spots’ typically rings true.
8. Investment markets can change like the wind…don’t watch them constantly or you’ll go cross-eyed. 
9. Life is full of trade-offs.  Consider what’s important to you about the goals you’re setting yourself.
10. Block out the noise.  Try to ignore the doom and gloom and remember the long-term strategy.
11. Protect what you already have before worrying about further wealth creation.  
12. Ask for help.  Don’t try do it all yourself.  Find a trusted and qualified second opinion.
13. Your ability to earn income is your most valuable financial asset. 
14. I spend more time encouraging clients to enjoy their wealth than I do reigning them in. Take that holiday you’ve dreamed about, and then take another!  Over time you can lose your passion for travel, pampering and adventure, or worse still, your ability to do so. 
15. Fail to plan, plan to fail.  Think and talk openly with family members about current and future financial plans, health care requirements and your estate wishes.
16. Spend less than you earn, but enjoy the fruits of your labour. 
17. Savour the moment.  Enjoy the ordinary.  When life stares you in the face as it may inevitably do, people seem to remember the joy of life’s simplest pleasures.
18. Money doesn’t create happiness. It gives you choices.   The more you have, the broader your options tend to be. 
19. Meaning and purpose in life will far outweigh the benefits of more money or profit.
20. Utilise the power of compound interest.  It is the 8th wonder of the world. Small regular savings to superannuation or investments over a long period of time will amplify your accumulation efforts. 
21. Always have a cash buffer or ‘safety net’ available, you never know what’s around the corner.
22. Risk cannot be avoided; consider the risks you’re willing to accept and those you wish to manage. 
23. Discipline is the best investment available.  Listen to your emotions but don’t react irrationally.
24. The amount you need to retire comfortably is often overstated.  Don’t let fear, or greed, drive your financial decisions.
25. A dollar saved is a dollar earned.  Shop around when you receive statements or renewal notices.
26. Assess, address and enjoy the success.  Reward yourself when you achieve a financial goal.
27. Pay yourself first.  Transfer some of your pay to a savings account or super so you don’t have the temptation to spend it.  
28. Yesterday was the best time to invest. The sooner you start, the better.
29. There is no joy in being fat, filthy rich and unfulfilled.  Spend time, energy and money on those you love, including yourself.
30. Information does not equal action.  The power is in the doing, not the knowing.

Chris