Being broke without any money in your pocket really sucks yeah, and I just want to be so financially free that I never get broke ever again but the real question should be- is it really possible to get to that height of financial freedom where you never have to worry about where the next fund is going to come from? Let me answer the question by myself, I found out that some people are indeed free financially that they do not even worry about where the next cash is going to come from, they never have to go through the process of being broke (I really wish that was me right now), but again it goes way beyond wishing it was me there are things I have to do if indeed I do not want to live with the fear of going broke the following day.
The first thing I learnt about having a stable financial life is increasing what brings in cash into your pocket and then decreasing how the money flows out of your pocket (expenses), some of us in the pursuit of a good financial life keep increasing our source of income but in the same manner our expenses keep rising which will not help at all in making our finance grow. We just need to try and do the both, we have to increase the way money comes in and of course work on decreasing the way it goes out that is the only way we are going to become financially sustainable.
Do not get caught up in unnecessary competition, greed comes in when we always think we do not have enough and we want to be like someone who appears to have it all, the truth is you never really know everything about people except they tell you, that person that appears financially stable and you are comparing yourself with might have so much debt and not even be able to save a penny. Appreciating what you have while you strive for the height you want to be is going to help you in your financial race.
Pride sometimes make people hold on to possessions that are killing their finances, that expensive possession that keeps taking everything you have away from you and you cannot let go because of what your friends or family will say is slowly killing you and you should take charge of your life and finance as fast as you can, if you keep living your life the way others will admire, you will definitely go bankrupt real soon.
Nice piece here. One of the secrets to financial freedom is increasing your income and reducing unnecessary expenses.
Thanks for sharing buddy
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Thank you so much for reading buddy.
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The path to financial freedom is tricky. Not sure if there's anything like TOTAL financial freedom, it there is, then it must be a very hard stuff to achieve
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I guess those business tycoons we read about really do not have to worry about where the next fund will come from.
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Quality article here. Most of the time. To have a stable financial life is to increase the source of what brings cash in just like you said and also try to maintain a reasonable spending habit also not an extravagant spending habit
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Thanks a lot for reading buddy.
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Having planification and a schedeled budget Is a good way of being organizate.
Very exciting tips, a great help for the community.
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You're on point in that unnecessary competition thing. Especially for Americans, wow can that be an issue.
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Being financially free is what most people want, but the reality is that not everyone works for it. It is very easy to have a good income, but it is important to dedicate ourselves to it or make the necessary sacrifices to reach that stability. Everyone wants to be financially well off, but not everyone wants to sacrifice time and of course cut down on unnecessary expenses.
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