BY: ALYSSA PETERSEN The Four Laws of Debt Free Prosperity.

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Presentation transcript:

BY: ALYSSA PETERSEN The Four Laws of Debt Free Prosperity

Tracking - the first law of debt-free prosperity.  You have to measure it before you can manage it.  When performance is measured, it improves.

Targeting - the second law of debt-free prosperity.  Setting goals gives you direction in obtaining your financial targets.  Goals must be:  Written  Your own  Positive

Trimming - the third law of debt-free prosperity.  Live on less than you earn so you can have a surplus to get you out of debt and invest in assets that appreciate.  No one, regardless of income, can be financially successful unless they live on less than they earn.  Pay yourself first, and then live on what's left over.

Training – the fourth law of debt-free prosperity  Training is necessary to be prepared to seize financial opportunities as they arise.  Spend on assets that generate wealth, not those that consume wealth.

 In order to be debt-free you must spend less than you earn.  No matter how little you earn it is possible to remain debt-free and prosper.

 Tracking – I was able to share with my parents.

 By mastering these laws while in high school I can be better prepared to start my career and remain debt-free and prosper throughout my life.

Work cited Bibliography Harris, B., Coonradt, C. (2001). The Four Laws of Debt Free Prosperity. Bountiful, Utah: Chequemate International. Clip arts provided by Microsoft Co.