Can you achieve financial freedom?
Team Veye | 25-Apr-2021
What is financial freedom and how do you achieve it. You must have heard this many a time. You might have also given it a serious thought more than once.
The first step to financial freedom is quite simple and I am sure you already know it. Honestly assessing your financial situation and the income needed to cover your expenses.
Financial freedom, basically, is not about being very rich or having tons of money but having enough residual income to cover your living expenses so that you can spend your precious time doing what you like rather than doing things just to earn money.
People do also become extremely rich if they follow all the principles of the game. You have to know what you are and what you want to become.
Most of the people have regular employment. They have a job and earn money by exchanging their education, skills and time for money. Persons who are self employed could be termed as owning a job.
Then there are people who have some kind of business. They may not be working themselves but have employees working for them and they earn money just because of owning and devising a system.
In the last category, we have people who have totally passive income. They just don’t work but their money is working for them. To reach that stage you have to follow certain disciplines religiously.
You have to set desired / achievable goals. Invest wisely. Follow a system, because lack of investing framework or consistent investing style may become a sure recipe to your abandoning dreams of having financial freedom.
Once you start doing this, the power of compounding works by growing your wealth exponentially. Reinvesting the income can accelerate the profit earning process and help you achieve your financial freedom ultimately.
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