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Financial Freedom is Easy

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Written by   29
5 months ago
Topics: Thinking, English, World, Facts, read.cash, ...

Financial freedom is a subject that is most thought about during our lifetime, and most people somehow fail to be financially free by following the same routine all over again, which is going to work for 6 to 8 hours every day and earning a limited salary that will probably be spent before the month is over. Today we will be talking on how to be financially free in easy steps that will hopefully get you out of this boring routine.

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Finance

Finance is what basically describes calculating money, and people all around the world tend to work for money, which is the correct thing to do, but what about working for the money, boosting it, and making it work for you? Financial freedom is important and will definitely make any human being's life more open to the world and simply easier. Having money is not that hard, unless God willed differently, and the strategies that we can use vary, but any smart approach can surely help.

Smart strategies

Working in the day and finishing off at night is not the way to go. People all around the world tend to learn in schools for several years, which is important for a proper function in the society, and tend to achieve their goals by reaching university and studying hard for the certificate they always dreamed of, which is also not wrong and can definitely get you a job that can be fun and challenging at the same time, and will surely be handy in case you need urgent money and your "business" is not working well after all, but having the mentality of studying hard to reach university and obtain a certificate to simply become rich will most likely not help. Unless you're a doctor, or studying something that will one hundred per cent bring you a great income, then you're probably doing it wrong, speaking of the fact that you actually want to study to become rich. Financial freedom can hopefully be achieved by using smart strategies, which some of them include the following, and excuse my writing if I somehow made a grammar mistake as I'm free-writing this article based on my experience for the sake of writing an article and of course, getting the word out for people to try having some money in the near future.

  • Saving money: Starting off with the main problem, which is saving money. Saving cash for your next project is very important, and without cash we can not proceed to investing in our future business. Saving money is key and doing so every month from our salary, be it as little as 10$ a month, can surely help in getting us closer to our goal. Save money, invest in your future business, make money, and enjoy.

  • Quantity is better than quality: We all know for a fact that quality is more important than quantity, but in this technic we're going to use quantity to play a smart role for us and try getting us out of our daily job-hours. Dedicating your time on having multiple sources of income, be it passive or not, will definitely get you out of trouble. Sources can vary in style, from something as little as having many companies advertising on your whatever you want item in exchange of money, be it your car, house (if legal) to publishing their advertisements on your blog or website. Sponsors can definitely help you financially, and the more you collect, the better the situation will be. Quantity is key when it comes to passive income, regular income or simply collecting sponsors or ads, one burger shop does not reward it's owner the same way multiple burger shops do for the same owner, just saying.

  • Opening a business: Smart work, which in this case is running your own business can definitely help in your monthly income way better than your job's monthly salary. By having your own successful and unique business you attract people's attention around you. You can earn money by having little management to keep your business running and under control. Passive income will hopefully generate more cash than being an employee in most case scenarios, unless your business is not that good. Be unique and know what the people want. Sometimes, running your favorite business is not the key to success. Personally speaking, I totally love training parrots, but considering the fact that not all the people own parrots makes it even harder for me to run my favorite business of training people's parrots, because they simply don't have parrots, or don't want to train them the way they can be trained. Think outside of the box and know what the people want. Your location matters sometimes.

  • Location: We all live in this earth, be it in Asia, Europe, Oceania or America, and all love to eat. Food is key for surviving in this life and the taste is also amazing, but let's think about it for a second, not all the people around the world eat the same, some people enjoy eating fast food the most while others will dislike the idea. If you're opening a food business for example, know where you at. People in your country or even area might not like the food that you're offering. Not everyone likes change, and definitely not some type of American food for example in an Asian country that is used to eat it's own cuisine. Asking people around you what they like to eat the most or having surveys taken by them is also key in knowing if your business will have a chance in working good for you. Location matters and having any type of business needs consideration of where you are living in the first place, be it related to food or other type of businesses.

  • Internet: The internet plays a great part in contributing useful information to our brains, and doing a good couple of researches can and WILL definitely help. Google is your friend and any question regarding the business type you want to open and run can hopefully be answered by doing some online researches, while asking experienced friends and family members might also help in case you're not finding the solution on the web.

  • Branding: Branding is totally important when it comes to representing our products to the world. By having an intelligent way of marketing your business you will surely boost it's popularity, which in return can get you costumers or people of interest.

  • Investing: Well, I'm not a fan of investments but it can work in your way and will surely get you financially free, depending on what you're investing in. Experience plays a great and big role when it comes to investments and knowing what to do is key to success. Tons of people probably lost money investing with a wrong strategy, and crypto currency investing is one of them, by buying high and selling low. Panic selling is your worst nightmare when it comes to investing and knowing what product you are dealing with is the first important thing to have knowledge about. Investing in stocks that have a low chance in succeeding and making you money is not the way to go. Sometimes, even playing it 70/30 with a high chance of profiting will also make you lose money. Stay safe and always invest low in an almost one hundred per cent guaranteed investment, even if the profit is low, at least you are making cash and not taking the risk of losing it all for nothing.

Take the correct steps

Yes, there are steps to be taken seriously when it comes to being happy with your money. Money does not grow on trees neither around plants, nor in the backyard or in the garden, and is made out of 75% cotton along with 25% of linen fibers, and saving money by not spending it on whatever we want to buy, like a brand new smart phone or a brand new car is one step closer to becoming financially free. Spend a minimum amount of money from your salary or the source of income you managed to earn from, and use that money to build a bigger and wider path for your income. It is important to not spend our money carelessly.

Time is important and spending less time doing whatever we love to do most, like watching YouTube or playing video games, is going to help building your new investment. Be patient and spend more time on building your dream rather than wasting the precious time with stuff that will not bring you any significant amount of money. Do not sell your happiness in exchange of your time. Time is gold and using it wisely is key to success.

Follow your own goals and view. Sometimes a person tend to follow what the other people are doing, and go on copying their ideas and businesses. Sure, opening a brand new restaurant is a common thing, but your dishes and menu will surely impact the costumer's choice of choosing your restaurant or the other restaurant nearby, service and costumer support is important as well. In another example, copying the new "smart phone" from a famous company and creating the same one with a cheaper price CAN work, but maybe with a limit. People tend to buy the brand and not the product, so invest in sometimes unique or make a name for yourself, or both.

Traveling is another way to accomplish your dream and is sometimes the best thing to do. Salaries around the world differ and a country can pay more than the other. Saving money by traveling and working outside of your country for some time while living your life according to your needs under a limit can surely help in providing a greater income for your future work.

Conclusion: Finance is a fun topic and indeed an interesting one, and being financially free is simple and hopefully easy by following smart and simple strategies that will definitely help you in building sometimes great or maybe even different. Saving money is key and patience plays a huge role in our investments. Sometimes, working two jobs at the same time or even asking help from your brother, cousin or friend can also help. Source of income coming from one person is good, but from multiple people is greater, and saving money with the help of a close person in order to open a shared business, then saving again and opening your own business is an example, and can sometimes be needed if the situation is hard that money can not be saved in an easy way.

Thanks for reading, and have a good day all.

Source of images: Unsplash

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Written by   29
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Topics: Thinking, English, World, Facts, read.cash, ...
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Comments

You did a good and interesting topic that is also informative.

Financial freedom is important for old age as well, or even having money in general is important for living. I agree with you money does make everyone's life happier.

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5 months ago

Thank you for the nice words. Money is almost everything in this life. Financial freedom is better than debt for sure.

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5 months ago

Indeed welcome

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5 months ago