5. Invest Wisely and Respect Money

My father taught me to have several investments that produce an ongoing, passive income. This, he said, would allow me to remain independent if I were to become physically disabled. These investments are like "feeding geese that lay golden eggs". Passive income streams also provide additional capital to place in other financial growth investments.

Respect for money is beginning of saving and investing. Respect for a dollar begins with respect for a penny. You will always have dollars if you take care of your pennies. Even smallest of assets and investments need protection.

6. Protect Yourself and Your Loved Ones

In article, Ten Traits of Successful Entrepreneurs, I wrote that one of those traits was making a commitment to protect welfare of your family and loved ones. Ensuring safety of your financial assets is part of doing this.

Adequate insurance coverage for your life, health, and property is a wise investment. You should also use professional legal, financial, and security services to help protect your business, property, and all things you have worked to acquire.

7. Design Your Financial Independence with Qualified Help

Seek qualified professionals to help you design your financial future. You do not need to be a financial expert to become financially independent, but you must become financially literate. Seek professional guidance from experts in financial planning, taxes, and accounting. These people can work with you to help you realize your financial goals.

Begin today by seeking out professionals that can help you achieve your financial goals. Become financially independent in your own mind. Express gratitude for blessings you will receive as if they were already in your possession. Avoid and eliminate unnecessary personal debt, and live a healthy lifestyle. Save with discipline, invest wisely, and respect your financial assets. Protect assets you have worked to acquire, and you can enjoy financially independent lifestyle that you have envisioned.