7 steps to achieve 'Financial Independence' - Tucson News Now

7 steps to achieve 'Financial Independence'

TUCSON, AZ (Tucson News Now) - Financial expert Drew Blease from Blease Financial Services stopped by our Fox 11 studio this morning to help us in finding our "Financial Independence."

Blease says the first step is to do a self-assessment of your financial life. Check out what debt you have and take a close look at your overall financial plan.

2 -- Practice discipline in all money matters. Blease advises us to avoid the biggest problem of spending too much. He also says people will spend more time planning their summer vacation than they will planning their retirement.

3 -- Write out a budget.

4 -- Pay off your debt, except maybe your house.

5 -- Take an active roll in your investments. Drew Blease tells us to help financial freedom you should always be maxing out your 401K. He says to find someone you trust to help guide you through the first steps of investing your money.

6 -- Build on your success.

7 -- Reject Failure "failure is not an option!" Blease says history is full of examples of entrepreneurs who built wealth, lost it all and gained it back. He says expect some setbacks, but you need to stay positive and stick to your financial plan.

Copyright 2014 Tucson News Now All rights reserved.

  • Local newsMore>>

  • I-19 at Ajo Way to close temporarily for bridge deck pours

    I-19 at Ajo Way to close temporarily for bridge deck pours

    Thursday, December 14 2017 6:42 PM EST2017-12-14 23:42:27 GMT

    Those traveling on Interstate-19 should be aware of an upcoming closure on Friday night, Dec. 15, for a bridge deck pour. The closure is expected to last through midday Saturday, Dec. 16. 

    Those traveling on Interstate-19 should be aware of an upcoming closure on Friday night, Dec. 15, for a bridge deck pour. The closure is expected to last through midday Saturday, Dec. 16. 

  • NMSU, already focused on Arizona, ramps up recruiting before bowl game

    NMSU, already focused on Arizona, ramps up recruiting before bowl game

    Thursday, December 14 2017 5:59 PM EST2017-12-14 22:59:59 GMT
    Chancellor Garrey Carruthers from @nmsu is meeting w/ alumni in #tucson & preparing for @novaAZBOWL in two weeks. Game is an opportunity to recruit but he says the uni already attracts students from #AZ (Source: Tucson News Now)Chancellor Garrey Carruthers from @nmsu is meeting w/ alumni in #tucson & preparing for @novaAZBOWL in two weeks. Game is an opportunity to recruit but he says the uni already attracts students from #AZ (Source: Tucson News Now)

    Long before the announcement of New Mexico State University playing in the Nova Home Loans Arizona Bowl, the Aggies have been focused on Tucson and the rest of the state. For the last year and a half, administrators have paid for advertisements and marketing efforts aimed at potential students in Arizona. Applications show that it may be working.

    Long before the announcement of New Mexico State University playing in the Nova Home Loans Arizona Bowl, the Aggies have been focused on Tucson and the rest of the state. For the last year and a half, administrators have paid for advertisements and marketing efforts aimed at potential students in Arizona. Applications show that it may be working.

  • Holiday travel tips from Tucson International Airport

    Holiday travel tips from Tucson International Airport

    Thursday, December 14 2017 5:44 PM EST2017-12-14 22:44:31 GMT
    (Source: Tucson News Now)(Source: Tucson News Now)

    Unlike the Thanksgiving weekend when passenger traffic spiked by as much as 25 percent on the Sunday following the holiday, during December and early January passenger traffic is more spread out. The busiest days are expected to be December 21, 22, 23 and 26-29 and January 2. 

    Unlike the Thanksgiving weekend when passenger traffic spiked by as much as 25 percent on the Sunday following the holiday, during December and early January passenger traffic is more spread out. The busiest days are expected to be December 21, 22, 23 and 26-29 and January 2. 

Powered by Frankly