How can you set financial goals and achieve financial freedom ?
What is financial freedom or financial independence?
Financial independence is a concept that nowadays we sometimes come across. Various individuals come up with various meanings. Some people say: it's about buying what you want and when you want; not having debt; being able to help yourself, or just being affluent.
Ok, these responses are just ambiguous and half-baked. While we we spend time debating the subject and how financial independence can be accomplished, the fact is that we are totally ignorant about what it really means.
And, if we don't have a good understanding of what our purpose is, how will we ever achieve that goal? We address financial freedom in this blog and a step-by - step guide to how we can accomplish it.
So, what is independence in financial terms?
Getting ample residual income to pay your living expenses is financial security. It's not about being wealthy and getting lots of money, but getting enough to cover your expenses so that instead of doing stuff just to raise money, you can spend your precious time doing what you want. Only when you are prepared for it will this be done. A little financial preparation is what you need.
How to set financial goals in 4 steps to achieve financial freedom?
Setting financial goals
Personal finances can drive someone to the point of intense worry and anxiety. Easier said than done, financial planning is not an activity intended for everybody's package. That's why most of us live pay check to pay check sometimes. But did anyone tell you that achieving your financial targets is really not a huge challenge?
In this post, we will discuss ways to set financial targets and actually achieve them with ease.
How to make a guaranteed savings to achieve financial goals?
2 Step Process
It is usually a two-step process whenever we talk about achieving some financial goal:
1. Make guaranted savings
2.Make wise investment
To help you reach goals, you'll need to save enough and invest those savings wisely so that they expand over a period of time.
How to make wise investments to achieve financial goals?
2. Make wise investment
You need to do more than just earn money if you want an opportunity at being rich.This is not the time to talk about investing, you might be speaking to yourself.
You worry about your career, your best friend 's point, your cat behaving even more strangely than usual, and don't even get me started on your love life.
But really, there's no decent time for investing to worry about. In the end, you have to be sufficiently disciplined to hold on to the money you earn, to then take the next step in learning how to expand your money.
And learning how to invest is the best way to grow your cash. It is as easy as that.
When you become an investor, by one or more of the following, you will be using your money to buy items that provide the potential for lucrative returns:
1.Interest and dividends from stocks paying savings or dividends and bonds
2.Production of cash from corporations or real estate
3.Profit appreciation from a portfolio of securities, real estate or other properties
To Invest properly in a well dignified manner following steps are suggested:
