Saturday, January 29, 2022

8 Steps To Financial Freedom

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Ask the people around you, anyone, if they want to achieve financial freedom in their lives, and most of them would say yes. But then reality sets in. The road seems too long with too many hills to climb.

I offer you to follow these “8 steps to financial freedom” to develop your GOD-given powers, powers over which only you have control.

1. Find a reason greater than reality: the power of the spirit

A young woman feeling relaxed and free
By sun ok/ Shutterstock

You need a reason that fires you every morning to get out of your bed and work for it. An explanation is a combination of everything we want and do not want.

If you do not have a strong reason, then there is no sense in reading further. It will feel like too much work.

2. Making a choice: The power of choice

A question mark between a white and black chess
By Gearstd/ Shutterstock

Believe it or not, you choose whether you want to achieve your goals or not. You have a whole day where you can choose to perform habits that help you reach your goals. The better the choices you make, the more you get towards your goal.

3. Choosing Friends: The power of association

Surround yourself with highly productive people that will help you achieve your goals. Don’t choose friends by their financial statements; choose smart, talented friends, and guide you better. The point is you need to learn from all of them.

4. Master a formula and then learn a new one: The power of learning quickly

Learn something new every day. Learn it and master it. Financially free people have a habit of learning things quickly and getting them. They love learning and are always open to learning new things.

Your focus must be on learning rather than earning. There is no hiding from the fact that the more you know, the more you make.

5. Pay yourself First: The power of self-discipline

Self discipline written on a black board with a white chalk
By G.Tbov/ Shutterstock

Whatever you earn, learn to keep some amount aside for yourself to invest. The amount you will save will be deducted from your rating. This will make you realize the lack of money you have in your paycheck. Consequently, it will motivate you to work harder.

6. Choose Heroes: The power of myth

Choose your Hero—a person you admire.

Keep following that person until you begin to feel better than him. Look into your hero’s life and see how they made it to the top. Analyze and understand where you want to be in the future. This will help you keep your mind on track and will always remind you of your goal.

7. Teach and you shall receive: The power of giving

Two hand holding on to each other
By KieferPix/ Shutterstock

Whenever you feel short of something, give it some time, and it will come back in buckets. That is true for everything, be it love, smile, money, or friendship. I know it is the last thing a person wants to do, but trust me when I say this, it always works. The world acts as a mirror for you. Whatever you act towards, you get it back.

8. The difference between an ASSET and LIABILITY: The power of knowledge

A representation of Asset and liabilities in balance
By GoodIdeas/ Shutterstock

Rich buy assets, and poor buy liabilities. But what is an investment, and what is a penalty

A rich person always knows the condition in which an asset and a liability are. A rich person always goes for his investments according to his asset. Thereby he gains immense knowledge to make his decisions about assets and liabilities.

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