Financial Freedom

Awareness and practice of the 80/20 rule

The 80/20 rule — the Pareto principal — says that 20 percent of your efforts will generate 80 percent of your income. The same principal applies to all other areas also and studies have shown it almost always happens. For example ...

View tax planning as an ally – Focus on Your Financial Freedom #7

This week we are discussing step 7 in the journey to financial freedom - Don’t fear having to pay taxes.   Just plan for them. Having to pay taxes means you are running a profitable business so celebrate this fact. However you do need to ensure that you are, where possible, minimising the ...

Savings and Investments – Focus on Finanical Freedom Part #6

In our last session we discussed How to Pay Yourself First, this week we will cover savings and investments. With regard to savings and investments we suggest that you determine your attitude to investments and decide on an investment strategy that works for you. Treat your investments as you would ...

Pay yourself first – Focus on Financial Freedom Part #5

We will start the new year and get back to the Financial Freedom exercises, moving on from our last exercise of How to pay off debt fast we will look at the concept of paying yourself first. This is sometimes a foreign concept for entrepreneurs. Everyone else gets paid before ...

How To Pay Off Debt Fast – Focus on Financial Freedom Part #4

Hopefully you are now receiving some benefit and some clarity from the previous workbooks. In this section we look at How To Pay Off Debt Fast. Some of this might seem very basic information but a lot of people don’t have a plan in place for paying down debt and/or continue ...

Focus on Financial Freedom Part #3- Prepare Monthly Cash Flow Statement

This week we are onto exercise three of Focus on Financial Freedom, Prepare Monthly Cash Flow Statement. At this point you should; 1. Determined what Financial Freedom looks like for you-your destination. 2. Calculated your present net worth-your starting point Now lets look at ways to help you navigate from one to the other.

Focus on Financial Freedom Part #2: Developing a Net Worth Mindset

So how did the first exercise in achieving Financial Freedom work for you? Now that you hopefully know what financial freedom looks like for you the next step is developing a net worth mindset. This is the cornerstone principle for those who want to achieve Financial Freedom. Benjamin Franklin described one of the ...

Focus On Financial Freedom Part #1- Starting The Process

This week begins our look at how to focus on financial freedom and over the next number of weeks you'll get access to a precise methodology to help you achieve your financial goals. We've included a Focus On Financial Freedom worksheet which may help with this exercise - Download it here. How To ...

Little About Us

Joe Cunnane Practice Owner TRA Professional Services       Qualifications:  FCA Chartered Accountant & AITI Chartered Tax Advisor Joe has over 20 years experience working in both private practice and industry ... Read More »