The Four Laws
of Debt Free Prosperity
BY: ALYSSA PETERSEN
LAW # 1
Tracking- the first law of debt-free prosperity.

You have to measure it before you can manage
it.

When performance is measured, it improves.
LAW # 2
Targeting- the second law of debt-free
prosperity.
 Setting goals gives you direction in obtaining
your financial targets.
 Goals must be:
 Written
 Your
own
 Positive
LAW # 3
Trimming- the third law of debt-free prosperity.
Live on less than you earn so you can have a
surplus to get you out of debt and invest in
assets that appreciate.
 No one, regardless of income, can be
financially successful unless they live on less
than they earn.
 Pay yourself first, and then live on what's left
over.

LAW # 4
Training – the fourth law of debt-free
prosperity
Training is necessary to be prepared to seize
financial opportunities as they arise.
 Spend on assets that generate wealth, not
those that consume wealth.

INSIGHTS I GAINED FROM READING THIS BOOK
In order to be debt-free you must spend less
than you earn.
 No matter how little you earn it is possible to
remain debt-free and prosper.

LAWS I HAVE MASTERED AND SHARED WITH PEOPLE

Tracking – I was able to share with my parents.
HOW THIS INFORMATION WILL HELP ME WITH FUTURE
FINANCIAL PLANNING

By mastering these laws while in high school I
can be better prepared to start my career and
remain debt-free and prosper throughout my
life.
Work cited
Bibliography
Harris, B., Coonradt, C. (2001). The Four Laws of
Debt Free Prosperity. Bountiful, Utah: Chequemate
International.
Clip arts provided by Microsoft Co.