What is financial freedom? For me, it simply means having the freedom of time, a time where we can spend to the things that we enjoy and the things that are important to us.
Why do we need financial freedom? Ask yourself the following questions and you’ll find out the answer.
“If you are an employee, will you be willing to work for the rest of your life?”
“You keep working and working as an employee, who gets rich in the end? Is it you or your company?”
“Did you ever notice that as your pay increases as you work your way to climb that corporate ladder, your income taxes also increases?”
“Did you hear stories of some top executives who committed suicide or risked their health into diseases because of so much stress and failures that they faced from their respective careers?
“Did you hear stories of some children whose life were misled because of lack of guidance since their parents didn’t have enough time for them because of work?”
Everybody wants to have that freedom of time. We definitely don’t want to be working all our lives. And of course, we want to spend more time to the things that we enjoy and that are important to us which is our family.
Now how are we going to achieve it? What are the steps needed in the journey to financial freedom?
1. First, you must “Set Your Goals“. Make a checklist and monitor your performance as you move forward towards achieving those goals.
2. Second, you must have the proper discipline and mindset towards achieving it. You must have the mind and will power.
Think of positive things as it attracts opportunity.
3. Third, we must learn how to be frugal. We must live below our means.
4. Fourth, we must learn to invest. Assess yoursef first and choose where to invest that extra cash.
You can even learn how stock market works. Alternatively, you can also choose real estate investment.
Always remember what Robert Kiyosaki says: “Invest in assets and not in liabilities.”
5. Fifth, start as early as you can. There’s a saying that “the early bird catches the worm.” The earlier you started these steps to financial freedom, the earlier you can move closer to achieve it.
Finally, as an example, here are the steps that I climbed in my journey to financial freedom.
While it is through that money cannot buy happiness, money can buy our freedom of time. Achieve financial freedom and achieve that freedom of time.
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