money-habits-that-lead-to-financial-freedom

Money Habits That Lead to Financial Freedom

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Financial freedom is much more than just having money. It’s the freedom to be who you really are and do what you really want in life. Start practicing these 5 simple money habits and free yourself of money worries:

Earn More, Spend Less

Look for ways to increase your pay + side income. Wait before you buy. Spend on what really matters.

Save money to invest

Most of us save money but we never invest it in cash flowing assets. Investing in cash flowing assets is an integral part of becoming financially free.

Get Your Spending Under Control

Learn how to properly manage your money.

Invest Now

Miss just 6 months of investing in your 401K and you could sacrifice thousands of retirement dollars.

Know your financial freedom number

A plan without a goal is meaning less. Work out exactly how much money you need to save to live off the interest forever. Write if down and work towards it each month.

Love Your Job

Do more than is expected to excel at work. Ask for a raise, based on your proven accomplishments.

Read Rich Dad Poor Dad

This is one of the must read book if you want to really understand what financial freedom is.

Get Rid of all Bad Debt

There is a huge difference between good debt and bad debt. If you’re struggling with financial freedom you need to learn the difference and only acquire good debt.

Budget + Manage Your Cash

Pay yourself first. Automate your saving + investing so it’s taken out of your account before you can spend it.

Start a profitable side business

Do not depend on a job for financial freedom. Jabs actually provide financial security which is completely different from freedom. A side business can get you started on your path to financial freedom.

Pay off Your Credit Card

If you can’t pay for your purchase in the month you buy, don’t get it. Credit card debt can increase money stress.

Create a financial plan for your future

Map out a solid plan of action for your financial future. Never let anything take it’s own course.

Financial Literacy is Key

Always keep abreast with how money and the subject of money changes over time. If you understand this you have a much better chance of becoming financially free.

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