Click Here to Get Rid of Financial Stress Once and For All ➜



Creating True Financial Independence
An Introduction to Matt Kelly's Creating True Financial Independence program. Along with his story about how he overcame his debt and now teaches other people to have the same success.

Eliminate Financial Stress

Financial stress can take its toll on every part of your life. Worst of all debt and unconscious spending will steal your dreams.


Get my free Ebook "Get Rid of Financial Stress Once and For All" and take your first step towards eliminating financial stress.




Sign up for Money Savvy

Sign up to receive my FREE personal finance newsletter, Money Savvy, and begin securing your financial future today!
* = required field

powered by MailChimp!

Three things you must do to achieve financial Independence

June 26th, 2014 No comments »

I love the Freakonomics podcast, but don’t always agree.  I recently discovered it and have been binge-listening as I walk to and from my office.


In a recent episode Steven D. Levitt, not your typical economist, and, award-winning author and journalist, Stephen J. Dubner, discuss How to Think About Money and other topics

Prompted by a question by Steve Reda, a 22-year-old in the Washington, D.C., area, who asked if kids today are more careful using credit as opposed to cash.  This leads to a conversation about spending in general, which leads to Levitt’s counterintuitive advice for the youth of today (advice passed down from Milton Friedman to José Scheinkman and on to Levitt):

Listen Now to Freakonomics 

Levitt asserts that based upon the advice of Milton Friedman and other economists it’s better to borrow money and spend more when you are young.  Then you should save more as your income rises.  He goes on to say that young people squander too much time trying to save money on purchases.

To achieve financial independence you must:

  1. Have a financial budget and a time budget that reflect your values – don’t waste time trying to save a few dollars at the expense of more meaningful pursuits.
  2. Invest 15% of your take-home pay.  Yes, when you are getting started this number will be smaller that it will be after you’ve been working for years.  However, the habit of automated investing will payoff in the long run.
  3. Be conscious about how much you are spending.  Whether you use a cash envelope system – my preferred method, or plastic you must by accountable to your dreams and goals.

It’s too easy to mortgage your future for unconscious spending today.