Financial freedom must be attained before you can be called a successful person. After college, I proceeded to the university to study what I had a passion for—during my years in the university, I studied harder not because of anything but because I wanted to get a good job and attain the financial freedom have always dreamt of. I wanted to be able to buy anything I wanted to, invest in profitable businesses and give people. We all want this right? But then, I got a good job, it was the happiest day of my life. I would be earning $30,000 annually.
During my stay in the university, I learned some skills which I got certifications for and added in my curriculum vitae to give me better chances of getting a good job which I did. I got my dream car, a nice apartment; I ate anything I wanted to. Months after months, I still got broke. What’s wrong? What am I not doing right? I asked myself. And yeah, my friends who were not earning as much as I was were leaving very comfortable. I needed help I told myself, went online to search for answers only to get more confused and I was too shy to approach my friends.
I heard of a seminar which was tagged “Road to financial freedom”, I told myself I was going to attend, enough of the excuses. The seminar changed my life. I bought 2 different books written by “Robert Kiyosaki” and I began reading. Day and night I kept reading, watched YouTube videos and I always did get inspired. It wasn’t easy right? I badly really wanted to attain financial freedom. I discovered I wasn’t doing a lot of things right which affected me financially. I was able to save 30% from my monthly income for emergency purposes just 2 months after rigorous reading and research. You can also attain financial freedom if you believe and work towards it. If you want to attain financial freedom, this article is for you. Read on.
How do people fail to attain financial freedom?
You are wondering why your friend is financially stable even though you earn more than he does, right? The simple answer is, you are the problem. Some are ignorant and continue swimming in debts till they finally collapse. Thinking positively will help you attain financial freedom. Unfortunately, not many people possess this.
You are lucky to have come across this article; it will really help you attain financial freedom if you take your time to follow these simple steps to financial freedom. Relax your back and make sure you read to the end.
Think positively: Your thinking about money will determine how long it will take you to attain financial freedom. If you think money brings evil, it’s the root of all evils or it can’t bring happiness then, believe me, attaining financial freedom will be a lot difficult. You must eliminate this thought. You must always think positively about money. Opportunities will come when you start thinking positively. Be positive.
Set your life goals: Responsible people plan for the future. Remembering what you are yet to achieve would always keep you in check. If you are haven’t planned your future yet, you might want to use a notepad to write down your life goals and how you intend going about it.
“Set your goals high and don’t stop until you get there – Bo Jackson”
“One way to keep momentum going is to have constantly greater goals-Michael Korda”
“You control your future and your destiny. What you think about comes about. By recording your dreams and goals on paper, you set the motion in the process of process of becoming the person you most want to be. Put your future in good hands on your own—Mark Victor Hansen”
Put yourself on a budget: It’s cool to visit the cinemas every week, eat out every day and buy expensive stuff when you go shopping. If you are not using your head before you spend, each time someone calls your name, the word “broke would be attached. Do you want that? To attain financial freedom, you must be able to account for every penny you spend, it’s very important. Is it possible to save when you are not even on a budget? You have to cut your coat according to your size. If you are not on a budget, you should take out your notepad and calculate the amount you want to spend this month and how you want to spend it. This will keep you in check the moment you want to buy something stupid or irrelevant.
Save up: One of the reasons I was unable to attain financial freedom while I was earning a substantial amount as salary was because I never had savings. Every week there’s always something I didn’t plan for that kept me spending. Before I know it, the money is finished and back to square one. Not until I started saving 30% of my savings before I could attain financial stability. To achieve this, I disciplined myself. You have to before you can begin saving for the rainy day. Each time unplanned expenses came up, I dug my two hands into my savings and refunded it later. It was a good practice. It worked for me and it has worked for my other friends I advised. The first way to save is to have a budget.
Pay off your debts: Everyone has borrowed money from someone close or otherwise to do one or two things. You must pay back this loan ASAP!!! You don’t want to knock on the door next time and not receive any response, do you? Focus all your energy on paying back your loan. Start by paying back all your small loans before advancing to the bigger debt. Debt is a burden you have to lift off your shoulders. To attain financial freedom, paying off your debt is very important.
Invest: All successful people invest in so many profitable businesses that fetch them more money. The rich keeps getting richer because they are smart. They don’t give excuses like the poor or some middle class. They take action. If you want to join the league of successful people, you might want to start buying or downloading books that talk about financial freedom and topics related to money. Don’t keep millions smiling in the bank and boast. Start investing!!! You can do this if you think you can. Life is full of risks; you must take it to attain financial freedom. Always take calculated risks.
Read More: 4 Best Ways To Finance Your Business
Be generous: You are wondering how this made the list right? To attain financial freedom, generosity must be an attribute you possess. How many stingy people around you have attained financial freedom? Do the mathematics. Even stingy people give out but in a funny way. The more you give, the more you get. You can start by giving out just 3% of your earnings. Hoarding money wouldn’t make you rich. It’s not compulsory you give people cash. There are a million ways to give. It can be in form advice. An advice from a friend changed my life. Givers never lack.
“The first principle of financial freedom is to spend less than you earn, but never deprive yourself of having those good vehicles, make those lake trips provided you don’t fall in debts. You don’t need to be rich to be financially successful, provided that you don’t worry when paying the bills and you have enough left in the bank-Ekari Mtewa”
Attaining financial freedom is not so difficult neither is it too easy. Have it at the back of your mind that Hard work doesn’t kill, It pays. To be successful at what you do, you must be persistent, hardworking and pray hard. The first way to save and invest your money is to make a budget and it should be done when you don’t have a dime. Never buy what’s not in your budget after receiving your salary. Kindly use the comment box for questions and additions.
Nobody has ever become poor simply by giving.