7 pieces of the Financial Freedom journey you need to master

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
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
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
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.
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
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
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
I hope you enjoyed the thread and welcome's you to follow me to continue to learn more about finding your financial freedom destination.
You can follow @FinFreeWizard.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: