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Most people search for the ultimate wealth building system for most of their lives. It may surprise you to know that you own half of it the day you are born.

What half do you own? It’s your ability to make money. No matter what your education level or skill level, you have income earning power. Want to hear the good news about that and how it connects you to the ultimate wealth building system?

It’s not how much you make; it’s what you do with it that determines your financial condition.

The second half of the ultimate wealth building system is what you do with the money that you earn. There is a system of controlling the flow of money to create wealth. Very rich people know this money management system.

It works whether you are an employee who works for someone else and you are using the system to control the flow of your personal income, or if you are a business owner using the system to control the flow of the company’s income. It is an amazingly simple system, and it’s now even more simple using the money management software tool called Money Management Solutions Business Edition.

1) SPEND LESS THAN YOU MAKE – Cut your expenses back to operate within your income. This may seem difficult, but building a budget that includes everything you need to run your business is simple with the right money management software.

 If you know exactly how much you are spending to run the business, and where the money is going, you can identify areas of waste or even areas where more needs to be spent to get the income up and increase profitability. In my experience, before using the Money Management Solutions software, my clients UNDERestimated what they needed to run their business by 10 – 13%. A critical mistake when you are aiming for an income target that is too low!

2) PUT 10% OF YOUR INCOME AWAY IN SAVINGS and don’t ever spend it. Set aside regular amounts of cash from your income for the future – always pay yourself first and put the money in savings toward gaining financial freedom.

 Most business owners pay themselves a salary for their job production inside the business, but the fail to pay themselves for the hat they wear carrying the full responsibility of being the owner and taking all the risk. The ultimate wealth building system requires a minimum of 10% of income into savings out of every dime you earn. The Money Management Solutions software system shows you an easy way to pay yourself this extra amount each week, and more besides. Then you just sock it away and forget you even have it. As it builds up, move it to places that earn better interest than the bank savings accounts. This includes buying houses and commercial buildings you can rent out to make more money.

3) DO NOT BUY ON CREDIT – pay cash instead. Debt is a disease that you should avoid contracting. If you already have some credit debt, this money management software shows you how to get it paid off fast.

If you need to buy something that is expensive, the money management system shows you how to put money away towards the purchase every week until you have the cash. For large purchases like furniture and equipment, buy used instead of brand new. Remember, those items lose value from the moment you buy them.

4) FIND WAYS TO MAKE MORE MONEY – the cost of doing business goes up about 4.5% every year, so you need to make more money just to keep up. How much more do you need? The money management system helps you figure that out and make adjustments so you always have the current figures.

Look over your line of products and services and figure out how to sell more of the profitable items. Be willing to discontinue items that are not bringing in enough profit for the time, effort and cost to sell them. The secret to making more money is pretty simple if you put your attention on it. The ultimate wealth building system helps you look at every financial decision you make with an eye on the return on investment you will get for the money you spend.

5) USE YOUR MONEY TO INCREASE YOUR INCOME – After paying your ultimate wealth building system the 10% into savings and paying your bills, use any money left over in ways that increase your ability to produce more income.

Why is controlling the flow of money so important? It is the energy and life blood of a business. It is necessary to pump it through the income producing areas first to keep it running well. Everything runs smoother when cash is available. The Money Management Solutions software guides you towards making the best possible decisions of how to use your money to make more money.

Seems simple, right? And it is simple. The ultimate wealth building system is easily learned, and the money management software can be used just an hour each week to help you gain your financial freedom. It does, however, take personal discipline and commitment to achieve the goal of financial independence so you never have to worry about money again.

The really great news is that you have control over this system. Done correctly and consistently, the end result is always having lots of cash on hand, all bills paid, and plenty of money in reserves to finance what you really want to do with your money; not just pay bills. How well you control the flow of your money will determine how well your company or family will survive now and into the future. Correctly applying these five steps will make this wealth building system work for you.

Sandra Simmons, President of Money Management Solutions has years of experience helping business owners and individuals manage their money to achieve financial freedom. To learn more, Claim your FREE Debt Reduction Solutions Guide

© 2007 Sandra S. Simmons. All Rights Reserved.

In pursuing financial freedom, typically at least 10% of a person’s income is wasted on things that would never be missed if they were never purchased. The question then is, “How could that 10% best be redirected to help you gain your financial freedom”?

Gaining Financial Freedom – Step 1

The first step on the road out to financial freedom starts with discovering your true purpose; finding the thing you would be glad to hop out of bed in the morning to get working on, or to stay up late for to get one more thing done.

Gaining Financial Freedom – Step 2

The next step is finding out exactly how much income you need to meet your Income Planning Target on a weekly basis. That’s the missing ingredient: How much did you spend, exactly, on each type of expense over the past year? Include the expenditures you put on credit cards by expense type. Add in what you need to handle emergencies, expand your business and the cash set asides for long-term wealth building. Divide that by 52 weeks and you have the weekly Income Planning Target.

Gaining Financial Freedom – Step 3

The third step is looking through those expenditures and carving out the waste: that 10% – 20% that you’d never miss if you didn’t buy those items. It can be one type of expense (ex: meals & entertainment), or a combination of expenses. Work it out so you have that 10% – 20% separated out.
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