Every financial freedom path has the following six stages

1. Preparation
2. Income
3. Budgeting/Expenses
4. Savings
5. Investment
6. Freedom

Dropping some personal tips for each stages

- Thread -

1. Preparation

"Before anything else, preparation is the key to success"
- Alexander Graham Bell

Prepare your mindset and plan in advance

- Figure out retirement expenses
- Know your FI number
- Plan for unforeseen sinkholes

Map your ideal overall picture first

2. Income

Active income
- Choose high-paying career path
- Increase your 9-5 earnings as much as possible
- Look for new opportunities
- Consider changing career path if not earning enough

There are other ways to increase your income

Start by negotiating your current salary

2. Income cont& #39;d

Passive Income
- Build your social media presence
- Share valuable info for free
- Gain the audience trust
- Start selling info products, Affiliate marketing, flipping,
online agency etc

Growing your audience need time,consistency & perseverance

Start NOW

3. Budgeting/Expenses

Know your needs & wants

Get rid of your wants & be in control of your needs

- Track your spending monthly
- Identify the loop holes
- Streamline & improve along the way

A simple spreadsheet will do the trick!

Remember to pay yourself first https://abs.twimg.com/emoji/v2/... draggable="false" alt="😁" title="Grinsendes Gesicht mit lächelnden Augen" aria-label="Emoji: Grinsendes Gesicht mit lächelnden Augen">

3. Budgeting/Expenses - cont& #39;d

"A budget is telling your money where to go instead of wondering where it went"
- Dave Ramsey

Consistently track your expenses even small ones

"Beware of little expenses. Small leak will sink a great ship"
- Benjamin Franklin

4. Savings

Target to save at least 50% of your income

Tackle to achieve these first

- Save 6x emergency fund
- Pay credit card debt
- Pay high interest debt (car loan, student debt, mortgage loan etc)

Don& #39;t spend before your have earned it

5. Investment

Finally time to invest & multiply money

- Invest in rental properties
- Invest in index fund, dividends, bitcoin etc
- Build start up & online businesses

Do all these and it will pay for your retirement/financial freedom

6. Freedom

Give it about 5-10 years & aim to achieve these

- Paid off all debts & insurance
- Earn min 1x revenue equal to your 9-5 income
- Passive income streams are steady & earning

Now, you are FREE! https://abs.twimg.com/emoji/v2/... draggable="false" alt="🕊️" title="Friedens-Taube" aria-label="Emoji: Friedens-Taube">

You can do whatever you want at your convenience https://abs.twimg.com/emoji/v2/... draggable="false" alt="💯" title="Hundert Punkte Symbol" aria-label="Emoji: Hundert Punkte Symbol">https://abs.twimg.com/emoji/v2/... draggable="false" alt="👍" title="Daumen hoch" aria-label="Emoji: Daumen hoch">