You don’t need millions to achieve financial freedom.
I have met people claiming to be millionaires, who in reality are up to their eyeballs in debt with their property portfolios not protected. They could be asset rich, but cash flow poor. Whereas other people I have met who earn $50,000 a year, are without debt and have a decent amount of assets and are financially free.
The way to achieve financial freedom is about your relationship to money and the level of personal responsibility and fiscal discipline you’re prepared to exercise throughout life.
Here is the path to financial freedom:
1. Spend less than you earn and invest the rest
Follow this one golden rule- If you seek to invest at least 10 percent of your earnings, the rest will take care if itself.
2. Your opportunities won’t last forever so use them wisely
Do your research, analyse an opportunity and make a decision. Do not over think or wait for someone else's opinion.
3. Start saving and investing early in life
A good example is to start early. I know a young couple who were determined to purchase their first property by the age of 21 and were working three jobs to save the deposit. Nine years and five properties they are way ahead of the game.
4. Sometimes opportunities come when you are not ready but you need to grab them as they help create openings to shape your future.
Make hay while the sun shines. Even if you have to forgo a coffee or a pair of stilettos having a home is worth it. Just remember to save today and enjoy tomorrow.
to begin your journey towards financial freedom.