Financial Freedom: Obvious Ways to It

Feb 16, 2017 · 3 min read

We all want freedom. Every day and every hour people around the bus, within the offices and at homes around the world are planning privately: How do i be free? For many, what this means is not working, for other people, freedom means having time for you to spend with family members. Anyway, all types of freedom require financial freedom. Financial freedom is what? To complete the things we love we need an income, so for that we want financial freedom. Today every day life is a lot more expansive of computer was once and more people these days, that could live of the meager pay 3 decades ago, have to look for a job. Recently people begin to realize that they work with 20 or 30 years and not even in a position to save any money for senior years, not mentioning spending time with family. What a cruel world it is?

So, what’s financial freedom? Well should you Google it, you will get thousands of answers, between buying your home without a mortgage and going to the supermarket to purchase only those absolutely necessary groceries. work at home for who? Generally those writing and submitting articles about financial freedom are as soon as they give you tips and advices about buying cheap or save more. However, they’re only marginally touching core of the matter: Financial freedom is actually about earning more and spending less. Yes, I know it’s a radical idea but think about it. If you earn X every month and spend X-Y then you will be left with REAL MONEY in your bank account. This is exactly what is most significant, and basic, about financial freedom: That in each and every waking (or sleeping) moment you will have free profit your bank account. Accomplishing this will insure that whenever the day comes and also you do want to invest money on something, you’ll be able to do it.

How you can gain financial freedom you may well ask? Well, it’s basically thinking your life over and making some hard choices. Make use of this tips that I got of goggling “Financial Freedom” and combed through the countless well crafted and considered articles of tips and advices of monetary freedom.

1. Financial freedom is all about a personal debt free life. So, review your debts (yes all of them) and find out what are your debts are and just how you will get rid of them. Start paying off your shortest debts first. By doing that you will be able to rid yourself of more debts within the shortest time.

2. Financial freedom is about establishing an account for debt. Put aside some cash, let’s say 10 % of your monthly income into a special account will make sure you that you will have a fall-back option during emergencies, rather than going into debt. If you can resist the temptation to spend you’ll be able to actually have a special box or an envelope with cash for emergencies (It isn’t for groceries!).

3. Think carefully (I am talking about very hard) on what you have to be happy. Can you go without a new gadget or perhaps a footwear? Most people have no idea what will make sure they are happy so they believe that spending cash will achieve that. Most of the times buying things will ultimately make you sad or depressed. After a while you’ll begin to feel ashamed or annoyed because you spent money unnecessarily. So why wouldn’t you cure it? Start thinking what will cause you to truly happy and do this instead.

4. Start to think about ways to earn more money. Earning more income equals more income the different options are when the time comes. Look for programs that can educate you on about making money online. It isn’t a hoax. There are several good programs to help you make extra cash. However are not “Click here and produce 1000s of dollars instantly” kind of programs. You need to work a little to ensure they are successful. However that ensures they are real — there isn’t any free cash. When you see a course that promises you the sky, cure it! Check in the resource box for a connect to a review of among those programs.

Financial freedom is not about rethinking your mortgage or your list, it’s you way of thinking. It is the way you think and how you act that will affect your life for years to come. Sit with your family, or alone, but believe in yourself. This is the key to financial freedom.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store