Twelve (12) steps to financial freedom

Twelve (12) steps to financial freedom

1) Education (academic- professional - financial) 

2) Work for a corporation that has a good structure and proven success 

THE JOB (you work for the money)

3) Savings programs: SDIRA or SDRIRA and 401k etc.

4) Build credit (personal and a c corp. in NV)

5) Learn how to avoid taxes (Type of activities, location, entity, activity, Deferral vs. Avoidance)

THE COMPOUNDING EFFECT

6) Get into residential RE flipping (buy- improve - sell) improve property through rehab or expansion or terms such as seller financing and creative ways to get in and get out

THE BUSINESS (you work the money)

7) Get into commercial RE (buy- improve - sell or refinance) improve value through cash flow (Have assets perform for you

THE INVESTMENT (The money works for you through assets that pay you)

8) Get Privacy (LLC - C Corp. and trust entities) - 

Protection (umbrella and life insurance) added debt- 

Plan for Probate (estate Planning involves writing a will and controlling disbursements through a Trust)

PROTECTION

9) Learn securities for added cash flow (stocks- options etc)

GROWTH

10) Set up a business to manage everything from a distance - using a system, automate it, scale it and prepare to sell it

Freedom

11) Give back though training and contributing to good causes

CONTRIBUTION

12) Have faith and always stay free: healthy, wealthy, wise and ethical

SET an Example

Wishing you much success,

Cherif Medawar

www.CMREI.com