let's talk about personal finance

Greetings to all the community, I hope you are very well, after a long absence without writing any article I return again to talk about one of the topics that fascinate me a lot, personal finance and the requirements needed to be financially free, I hope you like it and you can leave a comment.

are there requirements to be able to achieve financial freedom?

when people give advice on financial freedom the advice is not always the most appropriate, this is because they overlook one of the most important things when it comes to finances and that is "cash flow", if a person does not have the ability to pay for their lifestyle, no matter how cheap that lifestyle is, they will never achieve financial freedom because most of their time is spent on survival and this constant struggle for survival will consume all of their time and life.

People who are just surviving never have time or motivation to make a financial plan, then when the opportunity comes to have cash flow in their lives, either because they got a job or started a business, people now have no time to plan because of work. So, all this makes the person continue to survive but now with a little more money.

I personally believe that while a person is surviving and only has free time, they should focus part of that time on learning how to make a financial plan that they can then apply when they have a stable income, creating a source of income should be the most important thing in a person's life because without a fixed amount of money month after month it is not possible to implement any financial plan, in a few words first you have to leave the state of survival to be able to focus your attention on increasing passive income until this income pays for your lifestyle, without a cash flow is not possible to implement a financial plan and from my point of view that is the first step that everyone must take is "stop surviving to start living".

Source

plan before executing

when you do not have a constant flow of money in your life you can use a resource that all people on this planet have equally "time", if we learn to use time to our advantage we can achieve great things, time is the only resource we all have equally on this planet, using time to plan our financial future is the first step we have to do because when you get a job with which you can pay the bills you will not have as much time because you must perform multiple activities in your job to earn money.

using free time in a good way is fundamental to our freedom because usually people who do not have a source of income use this time to deepen negative feelings such as anger and frustration, we must understand that while it is not possible to implement any financial plan if you do not first develop a source of income, the other truth that few people are aware of is that time in abundance is only available to you when you do not have a source of income, in other words "if you only have time it is best to create a financial plan".

creating a plan requires a lot of time of reflection and learning that is why I always try to make it clear to people that the first thing to do is to create an income stream with which you can pay living expenses, but before achieving these sources of income it is best to use that free time with which you have to plan and learn to do things better, in conclusion before thinking about financial freedom first seek to leave the area in which only survive for this you must create sources of income to pay living expenses the second is that if you do not have these sources of income and only how many with free time the best investment you can make is to learn to do an activity in a unique way and plan in detail your financial plan which you will apply when you have income, this way you prepare better for when the opportunity comes into your life.

created by @trabajosdelsiglo