Money Management


People have many definitions, but for me it means “being able to do What you want, with who you want, whenever you want… WITHOUT HAVING TO WORRY ABOUT MONEY!!”

What you must also understand is that it is never a straight road to financial freedom, but a long twisting road with many potholes, road blocks and detours. It takes dedication, focus and commitment with constant learning and effort….but where to start?



The very first step is being able to manage your money, with the basic principle of spending Less than you earn and investing the differencea simple concept but easier said than done!

So where do you start?

With my stepping stones of wealth system, which is broken down into a simple 5 step process!


1. You need to know your numbers

  •  What is your income?
  •  What are your assets worth?
  •  What debts do you have?
  • What is your net worth?

It is not the most exciting thing in the world but it is essential to creating financial freedom…You need to know your financial position and know and track your “numbers”

2. Create a Money Management System

Not a dreaded budget… but a system for managing your money that works, that is easy to use and doesn’t leave you overwhelmed!


3. Build your foundations

  •  Have a financial plan…Set goals and targets
  •  Have an estate plan
  •  Have a cash management and debt reduction plan
  •  Have contingency reserves… Have buffers in cash or lines of credit that you can access quickly for either emergencies and opportunities… Remember the golden rule – cash flow is king!

4. Educate yourself

You must keep educating yourself and become financially fluent… read books, go to seminars, take online courses, visit you tube… and of course there is a wealth of information you can learn here at

5. Invest for both Cash Flow and Growth

Remember Cash flow is king!

There is share trading, domain trading and numerous other methods, but the method I highly recommend, and believe is the simplest for the average person, is for you to invest your time and energies into creating an online business.

To learn more about creating an online business visit my getting started page

With the extra cash flow, the key then is to funnel the extra money back into growth assets such as property and blue chip shares or stocks, as well as back into your business, debt reduction and lifestyle!

Never forget to have fun along the way! 🙂

Here at My Road To Financial Freedom, my goal is to teach these concepts to as many people as possible, so they can manage their money in a way that will help them on their OWN road to financial freedom!

If you have any questions or comments feel free to leave them below.

To your success,

John W. Newman

Helping you create TIME AND FINANCIAL FREEDOM by building a PROFITABLE Business Online!

Dream It… Believe It… Then Achieve It!

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Make money online


  1. Hi John, Great article. Really great pic / illustration of what success really looks like. Some people get dis-heartened but the setbacks and give up just before they succeed.

    • I am glad you did manage to click on my site Josh and leave a comment, but just wondering why you consider it bs?
      The fact is that good money management is simple and common sense, but the problem is that the majority of the general public just don’t do it!
      I certainly hope that you have a money management system in place that is working for you and you are on your way to millionaire status?
      If not, maybe you should give this money management system a try, and if you follow it, you will be! 🙂

  2. Hey John,

    Love your catch phrase.. Dream It…Believe It…Then Achieve It! Your money management system is pretty comprehensive and you offer some really good advice.

    I’m a big believer of trying to really get rid of debt, and if you have to have debt, have it in the form of mortgage debt. At least in the states we can write off the interest of mortgage loans on our personal tax returns.

    But once that debt is gone (car loans, student loans, credit cards) it really frees one up to use money to their advantage.

    I also really like your recommendation of having cash on hand or a line of credit to take advantage of opportunities that come your way. Not everyone thinks about having a line of credit for this.

    Great post and very helpful information.

    • Thanks for your comment and feedback Todd 🙂
      You are right, debt really is a huge trap and must be eliminated as soon as possible!
      Thanks for your insights!

  3. Hi John, I am from Nigeria and resides in Nigeria. I attempted to sign up for the wealthy affiliate online business but it is telling me my country is not supported. Kindly advice

    • Hi Kingsley, I have made some enquiries and there are some countries that are not allowed to join the starter membership….
      India, Nigeria, Philippines, Pakistan, Vietnam, Bangladesh and Egypt.
      Those countries can only take the premium membership for $47.
      This is due to high levels of Fraud in these countries.
      Unfortunately you will be unable to claim the free starter membership, however you can join up for the premium membership.
      If you are determined to make a living online, you will still find tremendous value in the premium membership and I am sure you won’t be disappointed!
      You can also cancel at any time 🙂
      You can join premium here ==>> Wealthy Affiliate Premium.

  4. John

    Thanks for the valuable lesson. I got quite some take from your lessons. I am one who always struggle with cash flow issues that further plug me into more debt when i ‘m hit with more bank charges for NSF.

    I will implement some of the strategies you recommend.

    I also subscribed to your newsletter as I want to learn more and not miss on any updates.


    • Awesome Tich! I appreciate the support!!

      Cash flow and money management is a big issue for a lot of people and it is a real passion of mine to help as many people as I can to take control in this area of their lives.

      Let me know if I can help you further in anyway at all!

  5. Thanks for these money tips, John. I like that you have taken all the pressure out of doing a ‘budget’ and instead empowering people to create a ‘money management system’. My daughter won’t cringe any more when I stop using the ‘b’ word.

    • Thanks for your comment Janelle!

      Teaching our kids about money is certainly no easy task, but if they learn and follow these principles early in life the world is their oyster!

  6. I have the same idea of financial freedom as you do. I view it as being able to do what I want, living the life I want, without having to worry about money. Naturally, enjoying the work I do is a necessity for that. I could use some improvement with money management, so I’ll be reading your series on this. 🙂

    • Thanks so much for your support Martina!

      Money may not be the most important thing in life but like oxygen you can’t do much with out it!

      So we may as well master our money and live life on our own terms!

  7. Love the way you present the facts, great information and very easy to understand and follow!

  8. Hello, Jonh
    I like your post on money management and I would have to say that financial freedom to me is earning the same monthly income as you would in a job. Many people do have different ideas when it comes to financial freedom because some would think it’s getting out of debt and to others would be living life on their terms without money troubles. I prefer the latter one 😉


    • Absolutely Neil!!

      That is why I love the concept of starting online business’s.

      It is not as if you don’t have to work, but you can work doing something that you love,the hours are flexible and you can work around your schedule and your families, and not be dictated to by the “boss”

      As you say, on your own terms!!!

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