Source entrepreneur.com
The 4 x 4 Financial Independence Plan for Entrepreneurs
There are four sequential steps that literally take an entrepreneur from start to finish on their quest for financial independence. Here they are, simply stated:
- Optimize what you have.
- Eliminate all reductive debt.
- Establish significant cash reserves.
- Invest for long-term goals and plans.
Steps one to three are foundational and must be completed before embarking on step four. This focus on the first three steps will help you as an entrepreneur create more cash flow and operate debt free. But, this foundation is critical to building a strong and sturdy “house” of investments.
From our very good friends over at entrepreneur.com