Dear Member,

When it comes to personal finance, I want you to think of your entire financial life like it’s a business.

Ask yourself: are you making good asset acquisitions? Do you have a 5-year plan? Are you cash-flow positive?

A household’s income should be treated the same as a business that is looking to grow. When setting a budget or list of priorities, always start with savings. Having a liquid reserve available will give you the confidence to take calculated risks and the courage to speculate when trying to leapfrog your net worth higher.

Here are 5 steps to accelerate your life to financial independence.

Step 1 – Save more than 10%. Save 15%, 25%, or even 50% of your income. This will mean cutting spending, and the easiest suggestion to cut spending is to start with where you live.

Today, I am very proud that I have built up a high net worth, but I can tell you that when my wife and and I were in our 20s, we lived in an area where the median income was about 1/5th of our annual income.  Sir John Templeton, one of the greatest investors that ever lived, saved 50% of his income.

Step 2 – Say no to all consumer debt. Queen Elsa said it best, just “Let it Go!” When it comes to consumer goods, including your vehicle, don’t finance it.

If you’re already financially-free or have a high net worth with solid cash-flow, perhaps financing can make sense if you have a fixed income asset to service the debt. But when you’re in a wealth-accumulation phase, drive a car you can afford to pay cash for.

Step 3 – Take calculated risks.

If you can actually get excited about becoming financially independent in 30 to 50 years, then you can visit Dave Ramsey’s site. However, if you’re going to do this now, with a 3-5-7-year plan, you’ll need to take some calculated risks.

Business ownership is the first one that if you can stomach it, it’s a must. Owning your own business is the most sustainable way to financial independence.

Speculating in business ventures with the right people. Buying assets when they are cheap, when other investors are afraid to buy, and thinking big are all going to be actions you’ll need to take.

Summary: This is just the start, but implementing these 3 core steps will put you on the path to achieving financial independence within a 3-to 7-year time frame.

Best Regards,




Daniel Ameduri