shutterstock_148799774I’m sure you have friends, or know of people who are VERY relaxed when it comes to their financial situation. And why shouldn’t they be? They’ve taken VERY good care of their financial situation through careful planning, and good judgment. If you’re stressed about your financial situation, and would like to become one of those who are relaxed about their finances, keep reading.

Are you in debt? How much cash do you have in your bank account right now? What are your monthly expenses? Do you have any savings or are you living paycheck to paycheck? If you’re pissed about your current financial situation, feel blessed you’ve landed on this page, because I’m about to show you 4 things you can do NOW to increase your monthly cash-flow and reach financial freedom.

Rich Mom’s Strategy #1: You MUST Consolidate Any Debt You Have

The reason this is the #1 strategy is because you’re wasting thousands of dollars per year in interest payments by having your debt spread across multiple creditors. It also adds an unnecessary level of stress trying to manage them all.

Financial experts estimate you can save thousands per year in interest payments (and add years to your life) by consolidating your debt. Prosper Loans is currently the Rich Mom’s #1 choice for consolidating their debt. Using a loan from Prosper Loans to pay off the money you currently owe, then paying them back at a much lower interest rate that will save you thousands of dollars per year.  Once you do this, come back to this article and finish the last 3 steps.

Rich Mom’s Strategy #2: Apply For Scholarship and Grant Money

This one is such a no-brainer, but 99% of the public doesn’t do it! Either they don’t know or don’t want to take the 3 minutes it takes to apply. There’re billions of dollars per year given away by companies and the government that goes unspent! All you have to do is apply for it and they will give you money. Companies get tax benefits and it makes them look good to give you money, and you get money you can use to pay off debts, start a business, pay bills, etc.

The two most popular scholarships are Scholarship Zone, and 4USA Financial Aid

Once you’ve applied for these move on to step 3 & 4

Rich Mom’s Strategy #3: Start an Online Business 

Part of being a modern, successful woman is knowing how to create an income for your family via the internet.

Every year thousands of Americans are taking advantage of the internet to provide for their families. They’re selling things on Ebay and Etsy, creating online stores, selling other people’s products for a commission (affiliate marketing), creating blogs and getting paid for advertisements. The opportunities for creating extra income online are limitless. So where do you start?

There are a lot of programs online that will walk you through how to create a thriving online business that will make you an extra $50k/year. The most popular among the Rich Mom’s is Coffee Shop Millionaire. The courses cost $99, but the information you’ll get will end up making you tens of thousands of dollars per year, so it’s worth it. 

Once you’ve signed up for an online business course, move on to step 4

Rich Mom’s Strategy #4: Cut Your Bills In Half

This seems pretty obvious, but how can you easily cut your bills in half? Here are a couple of quick tips on how to reduce your monthly bills.

1.) Refinance Your Mortgage. You can literally save thousands of dollars per year JUST by refinancing your mortgage. Right now mortgage rates are lower than they’ve ever been, so if you’re going to reduce you’re mortgage payments, now’s the time. The most popular place to refinance for Rich Mom’s is AmeriValue Refi as their 

2.) Reduce monthly insurance costs. What kind of insurance do you have, and how much are you paying for it? Do you have health, auto, life, home? You can put hundreds of dollars per month back in your pocket if you adjust your plans. After researching a variety options, we’ve discovered these insurance providers offer the lowest rates:

US Health Insurance- As low as $75/month

Auto Insurance- As low as $19/month

These 4 tips will help you reduce your annual payments by thousands of dollar per year, and get you on your way to financial freedom.