The Four Laws of Debt Free Prosperity BY

The Four Laws of Debt Free Prosperity BY: ALYSSA PETERSEN

LAW # 1 Tracking- the first law of debt-free prosperity. � You have to measure it before you can manage it. � When performance is measured, it improves.

LAW # 2 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

LAW # 3 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.

LAW # 4 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.

INSIGHTS I GAINED FROM READING THIS BOOK � 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.

LAWS I HAVE MASTERED AND SHARED WITH PEOPLE � Tracking parents. – I was able to share with my

HOW THIS INFORMATION WILL HELP ME WITH FUTURE FINANCIAL PLANNING � 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.