Emotional and spiritual balance will lead to financial freedom. Ask God to guide you and give you strength to follow these steps every day.

1. 11 STEPS TO FINANCIAL
FREEDOM

2. 1. Pray each day before you
pay
Emotional and spiritual balance will lead to financial freedom. Ask
God to guide you and give you strength to follow these steps every
day.

3. 2.Make long-term financial
goals.
If you don’t know why you’re doing this —
why you’re making sacrifices, why you’re
working so hard — it’s too easy to fail. But
if you set goals, they can help guide you
even when things get tough. When you
have to make decision, your goals can
help you stay focused on what’s
important.

4. 3.Track every rupee you spend. Make a weekly
budget and track it
• Use a simple dairy to record all daily expenses. Do an analysis at
the month end to see which expenses are avoidable.
• According to The Millionaire Next Door, budgeting is one thing that
sets the wealthy apart from the rest of us — 55% of millionaires
keep a budget.
• Make a tight low cost weekly expense budget and stick to it, every
week, no matter what happens (only exception is a medical

5. 4.FOCUS ONLY on “NEEDS” AVOID
“Wants” and “Likes”
• Keep it simple. Buying only those things in your life, which are bare
necessities and with out which it is impossible to imagine life.
Example: fresh fruits, vegetables, milk, a pair of running shoes.
• Avoid all “luxury” items without which also you can live life smoothly.
• Example: car, mobile phones, shopping for all gadgets, expensive
clothes, cigarettes, eating out in hotels, cable TV, movies etc
• Cook food at home. Avoid going to hotels. Home food is more
nutritious, more satisfying to cook and much less expensive than
hotel food. You save money and time and enjoy better health when

6. 5.Save money, every day and
every second
Make it your goal to save money on every thing that you do.
Make a plan to SAVE at least 65% to 75% of your net take
home salary. When you face a tough time in life like job loss,
then these savings will help you survive the rough patch.

7. 6.Carry less cash in your wallet. Do not take
any credit cards
Learn to do more with less. Run away from any one who offers
you a credit card

8. 7.Avoid “Debt” completely. Never “Borrow” or
“Lend” money
Never borrow money to fund your “wants”. The only time you may
borrow is if you have a family and need a house to stay. In such a
case, buy a small, cozy home and save money on extra maintenance
and taxes. Never lend money to any friend, family member etc.

9. 8.Never buy or lease a car or personal vehicle
Always use public transport. It is cheaper and you save money
on fuel, maintenance, taxes and the cost of the car.

10. st all your surplus hard-saved money wisely
• Don’t keep excess money in savings account. Invest every
month in equity stocks or mutual funds using a SIP
(systematic investment plan)
• Buy mediclaim and personal accident policy immediately. Buy
pure term life insurance policy (only if some people are
depending on your income). Keep 6 months household

11. cate yourself. Get a better job or a second job.
Learn a new skill, get a better paying job OR get
a second part-time job. Increase you savings by
increasing income as well.

12. 11.Give it away for the work
of God.
• Set your priorities right by putting generosity at the top of your
list. God has given each one of us a remarkable capacity to
give.
• Remember, everything we really have is due to God.
• When we give to charitable and deserving causes, we show
that we value God above every thing else.

13. THE END