Ideal Life & Money Academy

5 Easy Steps to Financial Freedom

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5 Easy Steps to Financial Freedom

  1. Starter Emergency Fund (min $1,000 up to 1 month of income)
  2. Permanently pay off all debts except the mortgage
  3. Fully Funded Emergency Fund of 3-6 months of expenses
  4. Save/Invest 10-20% toward your future (retirement and/or bridge accounts)
  5. Pay off your house early Celebrate reaching Financial Freedom!

    6. Steps 1-3 are done in order and before you start any investing

    Steps 4 & 5 are done together

    The above steps are how we got to where we are today (living our Ideal Lives) and we know they will work for you too. Focus on your next step because where focus goes, energy flows!

    If you are ready to learn how to get started in a detailed step by step process, check out our ILMA Budget/Debt Elimination Course: https://www.sentinelcoaching.com/ilmabudget

    Don't forget to subscribe to ILMA for weekly content to get you to start living your Ideal Life!!

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    Ideal Life & Money AcademyBy Mike Staunton & Jason Lam