Individual Planning

There are a few things a person needs to do to begin to become financially independent, they are:

1. KNOW what you spend and how you are spending.

2. Have a "must have list" and a "nice to have list".
A. Buy from the "must have list" at the cheapest location available, and ask for discounts.
B. Buy from the "nice to have list" only when you have six months of expenses in the bank and three times the amount of the item saved as well.

3. With each income source you have, immediately place 10% into a savings or investment plan.
A. You should have six months of monthly expenses in an interest bearing savings account that is used ONLY for monthly expenses. Fill this account back up each month after you pay that month's expenses.
B. You should have a separate interest bearing account for your "must have list" and "nice to have list".

4. The next 10% of each income source should go to a charity or good cause of your choosing. (This should be an income tax reducing cause, which increases your value each year in the form of tax benefits.)

5. Set up a Living Trust. Place your possessions in the trust.

6. Buy instead of rent your house. Be creative in your purchase. (Real Estate is one of the best ways to increase your wealth, take the first step and own your home. ANYONE can buy a house if you are creative in your purchase! By being creative you are finding alternate funding sources, various ways to decrease initial (if any) outlay of cash, etc.)

7. Buy more real estate as you can. Again, be creative in your purchases.

8. Invest in a REIT. This also grows your Real Estate investments and takes out the management of property requirement. (A REIT is a Real Estate Investment Trust, in which many people place their money and for a small management fee, the money is put into various real estate purchases, be they mortages or actual property. A good place to start is iShares Cohen & Steers Realty Majors Index Fund (ICF))

9. Invest in Stocks, Bonds, or Mutual Funds.
A. Get a Broker or Discount Broker. (We recommend a Schwab One account with Charles Schwab and Associates, or if you have limited funds and want to get started with those funds, try ShareBuilder.com.)
B. If you have a strong knowledge in a market space, invest in those stocks. Research the companies, know who runs them, and know how they are doing in the market. Typically buy stocks in companies that are in the top three of their market space. This should make up 20-30% of your investment portfolio. A good place to research compaies is via Hoovers Inc.
C. Place some of your investment money in Bonds. This should make up 20-30% of your investment portfolio.
D. Place some of your investment money in Mutual Funds. Pick a fund that has a "no load" clause in it. There are many out there, and Schwab can help you find them. This should make up 30-50% of investment portfolio bringing your total to 100%.
E. Any cash left for your investments should be in your Broker account's basic, tax free interest bearing, fund account.

10. Begin generating multiple streams of residual income. A person, or company, can only create wealth if they have multiple streams of residual income to fill their coffers. Residual income is income that comes in while you are idle. It doesn't require continued action on your behalf to make it work. (If you want it to increase your residual income, it will require continued action though!) To understand more about residual income, click here.
A. Create a Nevada Company. Nevada doesn't collect individual income taxes and protects the Directors, Officer, and Stock Holders from many hassles and problems.
- Talk with an attorney in your area to get legal advice about owning a company.
- This may not always be a good idea, but often is.
- TDBell Enterprises, Inc. is not a legal service and provides no legal advice.
B. Begin Network Marketing. Network Marketing is the talking to people you come in contact with, be it on line or in person. If you would like to find out what TDBell Enterprises, Inc. is involved in, Network Marketing wise, check here.
C. Invest in Tax Lien Certificates or Deeds. You can make from 12 to 50% returns on your money in one to three years!!
D. Write a book!! EVERYONE has something they can write about. Be it a "rags to riches" story of your life, a novel based on truth or fiction, your observations -- pretty much anything. Put that in writing and get it published either on line or via a publisher. (Be looking for Don's book in the near future!)
E. Evaluate and select at as many other avenues of income that comes your way after you start earning the money.

11. As you go along in life gather tools that help you keep track of what you are doing in life, and grow in life. To reach this end we highly recommend the following books that may help you.

12. Write a Life Plan of what you want to do, who you want to be, and what you have done. Include your values, roles, and goals.

Now, in building Multiple Streams of Income, we do not recommend that you join a bunch of affiliate programs or several MLM/Network Marketing/Direct Sales companies. What we are saying is: 1) Find a company and product that is Network Marketing based, 2) begin building your stock portfolio, 3) write your book (maybe on the steps you have taken so far to raise money?) 4) buy your house, and 5) buy more real estate. THESE are your multiple streams of income!