A lot of people wish to be rich and famous and free of working for some boss “once and for all.” It is now the ultimate dream of a lot of people. But what exactly do you have to do that just makes attaining financial freedom second-nature? What are those steps you should take now that makes it way easier and more feasible to become financially free and attain financial independence to retire early?
Well, I will be showing you six steps you could take today. Some really difficult, and some that would require your dedication. But the most important thing is getting the work done, and you will experience mind-blowing progress in no time.
Let’s get down to business.
Clear your debts
You have lived all your life living from hand-to-mouth and wasn’t satisfied that you had to go borrow another person’s hand to do the feeding. Only to wake up one day having realized that you have had a lot of hands feed you that you don’t know how you’ll go about repaying. But this is the first step you must take if you are really serious about becoming financially free and financially independent.
Have a stable means of income
You have cleared your debts. That’s awesome! But you have to have a stable means of income. You are not looking for millions to “live big.” It doesn’t need to be something that rakes in a lot of money, but, it, however, should be something that helps you take care of your basic needs and also gives you enough time to work on other things.
Live below your means
You have cleared your debts and now have a stable means of income. Great! Now, it’s time to live in a way that prevents you from getting into debts. And living below your means is the surest way.
Understand that humans have greed, and no matter how much money you make, you will never be satisfied – you’ll always want more and more. With this understanding, why don’t you have something fixed that you never go beyond? Train yourself to spend a specific amount even if you have left-overs.
Save a part of your income
It is important to save the remaining part of your income while you live below your means and have established a fixed point where you should not spend beyond. Your savings is really important when it comes to re-investing it into ventures that would be profitable when the time comes.
Learn how to build wealth
There is a big reason I specifically prioritized getting a stable means of income that earns just enough money to take care of you but doesn’t take a lot of your time. Because let’s face it, for you to “work” for money, you are doing the wrong work. You want to use the remaining time you have on your plate now to learn as much as you can about building wealth and testing your findings, too.
Don’t be in a hurry to “get there”
You will begin to start making more income than you have ever made, it is really important that you don’t let greed take over and make you reach that point where your expenses exceed your income – because that’s a recipe for disaster.
It’s very possible to maintain that very basic lifestyle you were originally living with and still make more money to throw into investments and building your financial intelligence.
