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7 pieces of the Financial Freedom journey you need to master
Get ready ... /// A Thread ///
Get ready ... /// A Thread ///
1. Income
Multiple sources of income are required
Dividends, real estate, 9-5 job and side hustles are the most common but not limited to this
Passive income is the best form where you earn while you sleep
Being a lifetime self learner helps you hugely in this
Multiple sources of income are required
Dividends, real estate, 9-5 job and side hustles are the most common but not limited to this
Passive income is the best form where you earn while you sleep
Being a lifetime self learner helps you hugely in this
2. Expenditure
Optimise your expenses.
Housing, transport, food and clothing make up 80% so nail these and you are on top of it
Sort your annual expenditure on a list with biggest values at the top
Critically analyse each line starting from the top
Optimise your expenses.
Housing, transport, food and clothing make up 80% so nail these and you are on top of it
Sort your annual expenditure on a list with biggest values at the top
Critically analyse each line starting from the top
3. Investing
Stocks are the best but may include bonds, real estate, Crypto, Gold
ETFs and Index funds are perfect for those that are on the financial freedom journey
They are made up of a basket of stocks
This beats most professional investors over the long term
Stocks are the best but may include bonds, real estate, Crypto, Gold
ETFs and Index funds are perfect for those that are on the financial freedom journey
They are made up of a basket of stocks
This beats most professional investors over the long term
4. Side hustles
Affiliate marketing, FBA sellers, flipping products, ebooks, digital training courses, blogs, lots to choose from
Pick an area that you are interested in and are good at and create a product or sell someone elses
If society values then you will be rewarded.
Affiliate marketing, FBA sellers, flipping products, ebooks, digital training courses, blogs, lots to choose from
Pick an area that you are interested in and are good at and create a product or sell someone elses
If society values then you will be rewarded.
5.Planning
Making a long term plan is crucial
Sit down and do up a document planning the adventure out over the long term
Should not involve any get rich quick schemes
Insert key milestones
Needs to be sustainable so it keeps balance in your life and maintain good health
Making a long term plan is crucial
Sit down and do up a document planning the adventure out over the long term
Should not involve any get rich quick schemes
Insert key milestones
Needs to be sustainable so it keeps balance in your life and maintain good health
6. Consistency
Once you have a plan sticking to it is key
Some months will be difficult but visualise your end goal
Showing up everyday is what counts
Keep doing your best everyday, small tasks that push yourself forward each time
Once you have a plan sticking to it is key
Some months will be difficult but visualise your end goal
Showing up everyday is what counts
Keep doing your best everyday, small tasks that push yourself forward each time
7. Patience
As you accumulate wealth the important thing is to hold for the long term
Jumping in and out of different investments frequently is a recipe for disaster
Compounding will start to take affect and if not interrupted this gets more powerful over time
As you accumulate wealth the important thing is to hold for the long term
Jumping in and out of different investments frequently is a recipe for disaster
Compounding will start to take affect and if not interrupted this gets more powerful over time
I hope you enjoyed the thread and welcome& #39;s you to follow me to continue to learn more about finding your financial freedom destination.
