www.bestgoodinfo.com — The Best Way to Create True Financial Freedom Financial freedom means different things to different people. To some, it’s working only 20 hours a week at a local school. To others, it’s retiring to a tropical paradise to live a life of luxury. Either way, a solid stream of income will be required to maintain your ideal lifestyle. 1.Define what financial freedom means to you and calculate what that will cost. Living a life of luxury will take far more income than simply retiring to knit and read books. 2.Consider your current resources and calculate the gap. Most people have some financial resources. Investments, retirement savings accounts, investment property and privately owned businesses are common examples. 3.Fill the gap. Now that you know what true financial freedom will cost and how close you are to it, create a road map to fill the gap. 4.Look for passive income streams. Passive income is income that you earn even when you’re not working. 5.Don’t get caught up in the money. Life is about far more than dollars and cents. Remember why you’re trying to create financial freedom. If you spend all your time creating it and don’t spend time with those you love, what is the point? To learn more about Best Financial Freedom, please visit: www.bestgoodinfo.com

A video summary of chapter 7 in Perdisco’s Financial Accounting 360Textbook. To find out more, visit www.perdisco.com/finacc

President Obama announced the introduction of the new consumer financial protection agency, which will execute a plan for regulation reform that would improve the current “patchwork system” full of outdated regulations and lax oversight that helped lead to last year’s crisis,” and “stand up, not for big banks, not for financial firms, but for hard-working Americans.” Such changes, he says, would prevent consumers becoming victims of “predatory practices of some in the financial industry …