That path to financial freedom, is not a mile away. Everyone is living with it. We do posses that ability with us. I know you wonder how , if so that is the case? why not everyone gets the way to financial freedom? Those are among the many questions someone can ask himself in a simple way.
But what really is financial freedom in this present world economy? Do you struggle to pay your bills? Do you find it quite challenging to manage your education or that of your child? Sometimes we have wished to travel the world, but we are swimming in financial limitations.
Despite all that mentioned, some have no difficulty of doing, what are just your wishes as mentioned earlier. Mark you, some were not born in such financial freedom, but only but a minority of people. If we should be in the same financial situation, then we must accept that, there is a path to take.
“ A path that will definitely lead to financial freedom.” The paths exists and surely can lead to your financial freedom.
Simple do this, and you will be on your path towards that freedom. Monetary freedom. You need to:
- Make you earn an income. The income is important as it is the starting point. You earn money, and that is what is going to buy your financial freedom. Yes, you may wonder! But the freedom has value. It is bought. It is paid for, as it does not come out of nothing.
2 .The monetary earned, needs to be put aside. Need to be saved in a secure place…. very importantly in a bank account. This is your precious stuff, you will use to buy yourself out of financial bondage to your freedom financially. A portion your savings in such a way, that other part of your life is not depressed; the basic needs. Pay yourself first by putting forty percent aside out of your particular earning; your revenue.
You must have been working to earn salary or may be owning a business. This is the absolute source of income. Therefore, from the money saved or initially was put aside needs to be invested. You may invest on lands, real estate, cryptocurrency such bitcoins Etc. The value of an investment increases or fluctuates with time. An investment is what makes or directs us to financial freedom. If you will have to swim where sharks are, then this is the place.
Though investment, may look very challenging, but that is the true and real path to earn passive income and that works to your financial freedom.
3. Summing up, and above, make due diligence to eradicate any impending debts that you may be servicing. By doing that, no obstacle will be on your path to financial freedom.
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