May 6th, 2010

7 Financial Health Principles

Over the next few months I will be offering excerpts from the 7 Year Wealth Plan™ book (ISBN 978-0-620-43843-8). The book is almost ready to go to print.

The whole 7 Year Wealth Plan philosophy can be summed up in these 7 principles;

  1. Work towards a balanced lifestyle – Have the best of both worlds
  2. Learn financial wisdom – continually increase your financial knowledge
  3. Take control of what happens to your money – take responsibility for your financial decisions – turn your money from master to slave
  4. Cash flow is king – reduce debt, increase income and invest the difference (aim for 10% of income)
  5. Stay focussed – buy and finance assets not liabilities
  6. Protect your wealth – build a wealth fortress
  7. Have a charitable and grateful attitude – give something back

I will expand on these 7 principles with illustrations and examples in the coming weeks. I look forward to your comments as we go through these important wealth principles.

You are welcome to use all the material in the 7 Year Wealth Plan™ book as long as you give credit to us. In your credit line, please will you use the full 7 Year Wealth Plan URL – www.7yearwealthplan.com

Regards Clive Bydawell

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