DO YOU WANT TO LIVE A LIFE WITHOUT BOTHERING ABOUT YOUR MONEY ??
Do you want to live a life where you don't have to worry about money and your expenditures?
A life where the things termed as "expensive" for the rest becomes cheap for you??
Let me tell you ... if you are able to achive it then you will ultimately open your path towards "living" your life happily with "99.99%" of problems sorted.
In order to attain "financial freedom ", you need to plan your finances well. If you are thinking that you can rely on your one income source which is your job, then let me tell you, you are just a step away from "poverty".
HOW??
Well, renowned American businessman and educator, Robert kiyosaki puts forward the answer giving a small example.
He explains to his listeners that how is that the rich are getting richer, day by day and poor, poorer.
Something which he learnt from his "rich dad" when he was only 9 years old.
Mr. Kiyosaki explains that everything is in the mind. The rich think like a rich man should think, their mindset is rich and the poor think like a poor.
The poor works for money and the rich makes money work for themselves.
He further analyzes that how a child in a poor family is raised with the mentality of getting proper degrees and qualifications in order to get a job. The child then has to raise a loan for studying in an expensive private institution where he is guaranteed placement from Multi National Corporations.
Even if he gets a job, he will spend a major part of his salary pating off his debt.
He will also like to enjoy his life and spend on luxuries like imported clothes and top branded, dinners in expensive restraunts and frequent visits to pubs and nightclubs. He will then find himself a partner and to impress her, he will give her gifts, take her on vacations and shopping.
He will then think of having a family and will buy a car and an apartment on loan in a posh area and will continue in his lifestyle.
He will also have to take a loan to meet these expenses. He even have to spend lavishly on his first baby, reducing his savings to almost nil.
He is burdened now and has completely immersed himself in a trap called "debt trap".
In concise, his entire life from now onwards will be spent in paying off his debts, merting day to day expenses and ofcourse, making his child ready for the same journey which he has been on.
"Go to school, a nice college, get a degree and get a job.... phew!! Now you are safe and financially independent " 😌
PEOPLE NEVER BECOME FINANCIALLY INDEPENDENT IF THEY GET A JOB OR GET THE SCHOOL EDUCATION.
THEY ONLY BECOME FINANCIALLY INDEPENDENT WHEN THEY GET FINANCIAL EDUCATION AND ACT ACCORDINGLY, SOMETHING WHICH IS NEVER TAUGHT IN A SCHOOL.
So, here the question arises....
Will the poor continue living this life forever?
Will they never be able to enjoy a life free from monetary problems and debt tensions??
The answer is, Yes they can overcome these problems and live the life which they dreamt for themselves.
If they follow the points stated below, they will continue progressing in life.
Point : 1
Always keep your health first. Remember that if you are not fit, you won't be able to work, no matter how hard you try.
Point : 2
Live below your means even after you have started earning, have patience, be disciplined. In short, continue living the same life which you used to live as a student.
Point : 3
Free yourself from all the debts. Get rid off them if you have any.
Point : 4
Even if half of your income goes to freeing yourself from debts, keep the other half with you, not to spend, not to save, but to invest.
Point : 5
Start a side hustle. Stop being dependent on your job income only.
Point : 6
First pay yourself, create a fixed deposit and save as much money which equals 6 month of your expenses, keep some extra. It will help you if you are in times of a financial crisis or have lost your job.
Point : 7
Develop sources of income, active income - if you want to work in two jobs together and passive income - which is very necessary.
Point : 8
Don't take loans, don't buy cars and even if you are buying an apartment, rent one half of it to a tenant. The rent will help you meet the day to day expenses.
Point : 9
You can eat out once a month. Stop impressing others. Buy only those things which is genuinely necessary for you.
"Cheap and best" is the rule of thumb for buying your necessities. Don't get into any such relationships which involves loss of money in any way. Keep them for the time when you will be financially free.
Point : 10
"READ 36 BOOKS A YEAR" . When an author writes a book, he fills it with the real experiences of his life in one single book.
When a person reads a book, he gains a lot of knowledge from the author's experiences along with increase in his concentration, reading skills and vocabulary.
(This doesn't mean you will read books like fifty shades of grey .. read informative books!!)
Point : 11
Learn new skills like public speaking, content writing, programming and web designing.
You may also learn new languages. When you develop new skills, you also understand how can you earn from it, how to monetize it, bring profits.
Point : 12
Maintain this lifestyle for 5 - 10 years and you will surely reach your path. Always remember,
GOOD THINGS TAKE TIME!!
I know its not easy to follow these steps but it you enhance your work ethics and develop patience, continue doing it with perseverance, you will stand out of the crowd and you are bound to achieve results.
An investment in education pays the BEST.
I would strongly recommend you to read these books, it will increase your knowledge and thinking to such extent that it will surprise you.
#Book 1: link
Book 2 : link
While doing my financial planning, these things were absolutely necessary for me.
In fact, it helped me gain my future goals and thus I named them "magical items" .
Here's the list...
Item no 1:
Tip: Maintain them topic wise!!
Item no 2 :
Tip : Absolutely fine.
Item no 3 :
Tip: To keep distractions away!!
Disclaimer: If you make a purchase from the above affiliate links then I will get a small commission, however the actual price for you remains the same. So don't hesitate in making a purchase. Happy shopping!!!🙂
Regards,
Ankita Gupta ❤
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