I have seen a lot of post about financial freedom both in and out of the blockchain, I have been with a lot of people who want to spend their entire forties financially free and not worried about money problem but one thing is the problem They do not worry about the day to day activity that will bring this forth
Attaining financial freedom is not a one-time thing, it is a thing that requires routines from daily to weekly, and monthly to yearly and not following the right routine means there are no chances to attain that. Attaining the millionaire status requires a day to day live-style, being rich and not living in pretense to be rich. It is not about reciting words from a motivational speaker, it takes blood, time, effort, strategy and goal getting to reach the millionaire status. It is the goal of living financially free instead of from paycheck to paycheck every week or every month. One thing I always say is we can’t all be self-employed or business owners, you can still be an employee and still make the position of being a millionaire in your lifetime, it only takes a few steps which I would be listen in the next paragraph.
Pay yourself first
Either you are an employer or an employee, one thing you need to do first after receiving an income is to pay yourself first. You did the work and so you deserve the pay. You do not have to pay the carpenter that wants to repair your roof first or the landlord first, you have to pay yourself first and this money should be invested so it can start generating funds. Also, let a particular amount of money go into savings
Do look rich, be rich
When you start paying yourself, you do not have to act as though you are now rich and then start spending your money on things you cannot afford but rather, you need to spend your money on things you can afford. Do not make people call you rich when you are actually not rich yet.
No credit card debt
Credit cards are not only available in first world countries, it is now a major thing in 3rd world countries and one thing to eliminate completely from your life is credit card debt. This debts have high interest rate and would always drain the pocket of the debtor. Being indebted to the credit company isn’t a good way to build your wealth.
With all this, you will surely have your funds grow and you will attain financial freedom. It only takes discipline and focus to achieve this.
wonderful recommendations, save, plan and focus in order to have a positive mind, achieve success, oh and above all avoid procrastinating because this only makes us waste time and lose focus.
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Procrastination is a great destroyer and thanks for reading.
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if we could stay away from frivolous spending and manage our wealth judiciously, our debt will be much lesser.
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Correct @jooelagbo proper funds management will certainly make our debt lesser thanks for reading.
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"It is not about reciting words from a motivational speaker, it takes blood, time, effort, strategy and goal getting to reach the millionaire status"
You are right about this, many people are ignorant of this and so they believe by listening to one motivational talk only will make them attain to that status which is not so
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I tell you the truth it is way beyond listening to some motivational talks.
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People think that achieving financial freedom is that easy without sacrifices and hours of sleeplessness, but that's not the reality. That's why there are more employees than entrepreneurs. Everything in this life involves a sacrifice and unfortunately not everyone is willing to spend it.
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Not everyone is ready to pay the sacrifices required for success but certainly everyone wants to have a taste of it, thanks for reading.
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Credit card debts are debts that can drain someone's finance and in order to build a sustainable financial life it definitely should be avoided.
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Credit card debts are very bad I tell you, thanks for reading.
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