Working my way to financial independence - the freedom to make the choices I want to - is central to why I started the Get Rich Project. To get there though, I need a plan. You do too, but I’ll get to that in a later entry.

My plan isn’t exactly rocket science and neither does it involve living like a monk. Nor is it about achieving freedom tomorrow. It might will take a few years to get to where I want to be, but I’ll get there without any stress or even much thought! The basic plan goes like this:

1. Every pay-day, immediately place a minimum 10% of my earnings into a high-interest savings account (more on this account in a later entry). Do this without fail.
2. After all necessary bills and expenses are paid, take 70% of what’s left and put it into paying off my remaining credit card debt. Once this is paid off, funds go into savings.
3. The final chunk of money is then put into a second savings account. Any luxuries are paid for from this money.
4. Supplement current income through channels such as blogging, freelancing and eBay. Again, extra money earned is divided between savings and luxuries accounts.
5. Once a reasonable pile has been put into savings, start using a portion of it to divest into other schemes such as Bonds and Shares.

From there on, things should be taking care of themselves. A lot of the success of this plan depends on showing a (little) bit of restraint and common sense with money, and mostly just letting things work away in the background.