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.
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.