The Simple
Steps of Success

Welcome!
Ok, they may not sound that simple and you may run into difficulties along the way, but they are worthwhile as they certainly lead to stress reduction, financial security and ultimately to financial independence.

  1. Keep a file of your daily Income and Expenses.

    The first step requires discipline in order to find out the real numbers that concern you. Without them you can not have the whole picture so you can set goals. So start recording daily in a notebook (or in a spreadsheet ) your income and expenses, no matter how small or large. You will be amazed at how different the totals are from what you thought. Organize as best you can and keep your file forever. Fill in these numbers in The Simple Household Calculator and find out how much money you could save each month.

  2. Pay yourself first.

    Now that you have an idea of ​​how much money you can save each month, start today. Do not wait for better conditions in order to start. The best conditions will come as a result of you starting. Try not to break your rule, once you break it it will be easier to stop entirely and that is something we don't want. A good trick to achieve this is the following. Every time you get paid, pay yourself first and live with the rest of the money. After all, Warren Buffett said, "Do not save what is left after spending; instead spend what is left after saving".

  3. Create an "Emergency Fund".

    Saving, month after month, create a safety cushion for difficult days. These are not the urge for a new phone, clothes or a trip. Real needs include unexpected home or car damage, health issues, job loss and so on. Make sure the emergency fund is in cash within reach and is sufficient for the expenses of 3 to 6 months. The Simple Household Calculator can tell you how fast you can raise this money according to your capabilities. Do not skip this step, life is long and there are many unbalanced factors. The sense of security that the Emergency Fund will offer you is very important the age we live in and the help is essential. In a difficult time you will have the time and comfort to stand up and return to your schedule.

  4. Pay off your Debts.

    Having secured for misfortunes, the next step towards economic growth is to pay off your debts, especially the ones with interest. With the exception of mortgages , any other debt such as credit cards, consumer loans and car loans can hold you back financially. Negative interest rates eat up money that does not serve your purpose. By adding savings, you can repay faster and lose no more to interest. It would not make sense to start investing beforethat as negative interest rates would counteract on your potential earnings.

  5. Invest your Savings.

    Your final and longest journey begins now. Grow your fortune by harnessing the power of compounding interest in the long run. Α steady investment like the S&P 500 index, can multiply your savings 5 times. (learn the types of investments here) Pursue big goals, such as start-up capital for a business, real estate purchase and even retirement on your own terms from your own savings. With The Simple Savings Calculator you can calculate how much money you can save to hit your goals. With The Simple Retirement Calculator you can calculate the money you will be able to enjoy later in life, according to your investments.