Financial freedom is one of the biggest challenges that people are going to face. There are so many factors that need to be considered when it comes to financial freedom planning. One big factor that Richard Dwayne Blair considers when it comes to finances is income. After all, the person has to be making money before he can come up with a financial plan. Another thing that Richard looks at is the living expenses. Often times, people are barely making ends meet. This is one of the reasons that they seek out the help of a financial planner.
When going over the financial situation of the client, Richard Blair looks at what the client is going to have to do in order to break free. Often times, the client is going to have to give up something. Therefore, he may be encouraged to get rid of a certain bill that is not a necessity. For instance, he might be asked to cur down on the electricity so that he can save money. Other sacrifices might include cable and eating out. However, Richard Dwayne Blair does not see giving up something as the only way to save money. He also has his clients look at ways that they can increase their income.
One thing that Richard Dwayne Blair knows is that many households are not going to be able to live off of one income. Therefore, people are going to need another source of income so that they can take care of all of their expenses. When they find something they can do for extra money, then they can look into what they can do with the extra money. One of the common suggestions from financial planners like Richard Dwayne Blair is investing it in something so that they can put their money to work for them.