7 EASY STEPS TO ACHIEVE FINANCIAL FREEDOM

He begins when they are kids: his family tells him that to be happy, he must work hard, go to college, get a degree and find a permanent job that gives him security. He does.

I followed suit for most of my life: I got the title, I started my career, and after a few years, I learned they all needed a permanent job. I work over 60 hours a week; I spend more time at my desk having fun. Most weekends are too exhausting to do anything, working day in and day out, waiting for one-off vacations. I don’t know about you, but 4 years ago, I decided this was enough. I can’t spend my time on payments at the end of each month.

7 EASY STEPS TO ACHIEVE FINANCIAL FREEDOM
7 EASY STEPS TO ACHIEVE FINANCIAL FREEDOM

Financial Freedom. This may sound like a good theory. And I mean anyone, even someone with thousands of students in thousands of loans. No matter how many financial problems you face today, there is always a way to enter the black circle. It’s possible that trying out a budget application is your first step. In this article, we will learn about the importance of financial freedom and share some tips on financial freedom, some of which have been effective for me.

What is Financial Freedom?

It has a reliable cash flow that allows you to live the life you want. You are not worried about how you will suddenly pay invoices or expenses. And you’re not buried under the weight of debt.

It’s about accepting that you need more money to pay off the loan and can increase your income; We’ll get to it in just a minute. It’s also about planning your long financial statement by actively saving for rain or retirement.

1. Understand Where You’re At:

You cannot achieve financial freedom without knowing its starting point. Given the loan amount, how much it saves, and how much money is needed, this can become a depressing reality. Compare a list of all your debts: mortgages, student loans, car loans, credit cards, and other loans you’ve sent. Don’t forget to keep money from friends or family for years.

Now, take a deep breath. And others. Then add all the numbers.

How much debt do you have?

If that’s a lot, don’t be intimidated, I promise I’ll share several ways to get paid later in this article. If it’s a small amount, congratulations! Don’t hesitate to share your financial independence advice in the comments below.

Then look at all the money you’ve saved. Compiling Your Savings List: Savings Accounts, Actions, Company Stock Factor Programs, Company Pension Programs, and Retirement Plans. Then we will add repeated monthly payments like salary, extra money, etc. Remember these numbers as we work through some advice on the next financial freedom.

2. Look at Money Positively:

Debt is certainly a bit discouraging. But remember that money is good, even if you look too cumbersome. You deserve financial freedom.

According to Ura Badas on Making Money with Jen Sonsoro, people who don’t get much money are often ashamed to make money. Therefore, the biggest hurdle many people face to earn money is feeling bad about the money. Many people feel guilty for not having it and wanting it. Sponsor has said of money: “We use it every day to improve our lives, but we always focus on the negatives about it.”

Money is a necessity like food or water. It helps you buy essential items and lead the desired life. To experience financial freedom, you need to see money as a tool to help you achieve your dreams, boost your energy, and lead a life without stress you can enjoy. Because if you look at money negatively, you will inadvertently destroy your opportunities to make and save money.

3. Write Down Your Goals:

Why do you need money?

Do you want to eliminate debt forever? Are you desperate to avoid the 9 to 5 mills? Do you need to save for marriage, kids, or retirement? When I achieved financial freedom, it was because I tied it to an emotional purpose. I aim to get out of student loans and save for my first home. And to be honest, watching my debt decrease and my savings increase was a whole new experience.

I was very happy to see the change in numbers, so I worked hard to get more money to see great changes in my financing. If I don’t try emotionally, will I achieve my goal of financial freedom? Maybe I want to get out of debt and leave my parents’ house. Desperate on all my travels, he inspired me.

I lost the paper and completely forgot it. And then, one day, exactly a year later, when I was living in my new home, I found it in my notebook. Of course, I’ve accomplished three things. Interestingly, I also mistakenly think of those motives.

You cannot accomplish everything you want in a month. But there is a long time to proceed to your destination. Make sure your destination is linked to the number you want to press. Whether you believe it or not, you will start working without realizing that goal.

4. Track Your Spending:

An important step towards financial independence is monitoring its costs. You can use a tool like Mint, which will tell you how much money you’ve spent, in which category you’ve spent most, how much money you have in all your accounts, and how much debt you have.

Another cool thing about Mint is that it sets goals across the board. You can track your destination and find out the exact month; According to how much money he has spent, he hopes to achieve the goal. So, you are responsible and remember to keep investing in it.

After using Mint for a month, I saved up extra money to raise money for my new wedding. Mint helped me focus on my goals and motivated me to have more passive income to achieve my financial milestones.

Leave a Comment