Six Steps to Achieve Financial Freedom (Part 1)
If you Neglect to Oversee Your Finances, Your Financial Situation Will Disregard You.
Most People Want a Salary, And The Reason Why is Because They Have Fear and Greed.
Let’s talk about fear first. The fear of having no money will stimulate us to work hard. When we get paid, greed or desire will start to make us think about all the things that money can buy.
So a pattern formed. “(Get up, go for work, pay bills, get up the again, go to work again, pay bills again…) “
For example, If people are afraid of not having money to spend, they will immediately find a job, and then earn money, which eliminates the fear. It seemed right. But once he understands it this way, he will not think about this question: Can a job solve your financial problems in the long term? In my opinion, the answer is ‘no’, especially from a human life perspective. Work is simply an attempt to provide temporary solutions to long-term problems. “
In the long run, what matters is not how much money you make, but how much money you keep and how long you keep it.
The world’s number one financial guru, Sir John Plydon, started managing money when he was 20 years old. By the time he was 80, he had managed more than 8 billion US dollars! This shows how important it is for a person to master financial management skills.
Mr. Robert Kiyosaki, the founder of the term “Financial Intelligence” and the author of “Rich Dad” said: “Savings are all strategies for losers. You must achieve financial freedom as soon as possible.” And I think so myself. It can be seen that, How much influence does financial intelligence have on a person’s beliefs?
I think there is no simple question of “right or wrong” here, but rather a difference in thinking and different stances.
And because I am a Chinese, my deep-rooted Chinese culture thinking allowed me to “genius” solve the complementarity of these two solutions.
Education, experience, and sufficient funds are the most important principles. Today, I will take out this financial management model that I have learned and comprehended personally, and that I am personally applying, to share and communicate with all progressive people.
To gain financial freedom, you need a series of methods and steps, but the most important thing is your concept. Money is concept.
Henry Ford, the American car magnate, once said: “You believe you can, or you believe you can’t, and you are right.” So, how do we live richly and achieve financial freedom?
First, you need to list your basic monthly living expenses. You must first calculate how much you can spend on clothing, food, housing, and transportation, and then write it down in a formal notebook.
Take me as an example:
I spend 50 yuan on food a day, which is 1,500 yuan a month; I can buy an average of two clothes a month, and 500 yuan is enough; for my house, this… I don’t have to pay. Now, my father has paid for me to buy a house; transportation expenses, I basically travel around the city every day, need 200 yuan; in addition, I also have social entertainment, I control it within 500 yuan, plus Other miscellaneous expenses, such as telephone bills, gas bills, heating bills… Then, my minimum living expenses are 3,000 yuan a month.
You may have expenses of one kind or another, including parents, children, and a lover… After calculation, the minimum monthly living expenses may cost 4,000 yuan — based on the level of Jinzhou, Liaoning, where I live. For example, let me assume that your monthly income is 4,000 yuan.
Then, list your ideal monthly living expenses, such as 40,000 yuan. The numbers written out must be specific and detailed.
Of course, everyone is different and their living conditions are also different. Some people may earn 400,000 a month, while others may earn 4 million a month, but please remember that this needs to be calculated carefully by yourself. Number, not a joke number. Because we are cautious and precise in dealing with financial issues, we are prohibited from using words such as “maybe” and “approximately”. This is the minimum and most correct attitude for a person to treat money.
When it comes to dealing with money, I have always insisted on one thing:
Saving is a loser’s strategy, but it is the safest, simplest and most practical of all financial products.
Although saving is slow, it is suitable for most people, so we mainly discuss: “How to create financial freedom while saving” financial management model.
Please note, safety first! This is by no means a lie: Choosing a bank as a financial management tool is the safest, simplest, and also the most practical. After we have truly reached the ideal financial level in our minds, we can then consider other financial management tools, such as: Money is invested in stocks, funds, real estate (real estate), p2p… Their return rate is much higher than savings, but the risk is greater. There is a possibility that your assets will shrink, and you will not be able to get your ideal life as soon as possible.
So I emphasize again that before you gain financial freedom, I suggest that you don’t use other tools other than savings and only choose safe banks. This will be very slow, but you will find that it is correct to do so. Although it is stable, it is There’s no chance of falling, and with the method I’m teaching you, you should be able to do it — because it works for the vast majority of people!
