WHAT IS FINANCIAL FREEDOM
"Financial freedom generally means having enough savings, investments and cash on hand to afford the lifestyle we want for
ourselves and our families and a growing nest egg that will allow us to
retire or pursue the career we want without being driven by earning a certain amount each year."- Investopedia.com
"Financial freedom generally means having enough savings, investments and cash on hand to afford the lifestyle we want for
ourselves and our families and a growing nest egg that will allow us to
retire or pursue the career we want without being driven by earning a certain amount each year."- Investopedia.com
Photo: Highway to financial freedom
Luxury; an end result of financial freedom & success
Financial freedom is an aspect of life almost everybody craves for. In fact, our everyday life is centred around achieving financial freedom and maintaining it as well. Financially capable parents send their children to school to educate them on different career choices, believing the children will after graduation will get a job which in turn going to be bringing in financial benefits, thus gradually leading them to financial freedom and independence. When this children grow up and start bearing their own kids, the also send their kids to school or invest in other ventures and the loop continues.
In the present day society, if one is not financially free to an extent from the age of 25 and beyond, the people around him or her would begin to look at you as unsuccessful or not working hard enough.
ACHIEVING FINANCIAL FREEDOM
Financial freedom is a major life goal every individual pursuing success wants to achieve but achieving this goal isn't as easy as it sounds. Attaining high level financial freedom requires a lot of patience, perseverance, motivation and financial intelligence.
There are certain habits a person must inhibit to make achieving financial freedom easier. These habits include but not limited to:
- Financial life planning
- Saving
- Live below your means
- Engaging a financial advisor
- Continues education, etc.
I'll go deeper into this topic in my subsequent posts.
Don't forget to drop your comments in the comment session below if you got any questions or contributions.
* Peace out!
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