Financial Freedom has been the latest buzzword recently. Everybody is talking about it. Open up the newspaper and you will at least 3-5 advertisements a day teaching you how to achieve Financial Freedom through some kind of investment, whether be it in your career or getting a higher education degree. Well, what is financial freedom and do those advertisements really deliver Financial Freedom to you? For me, I define Financial Freedom in a very simple way; basically, you have enough Passive Income to pay for your basic expenses, so that you have time to do what you really want to do it life.
Achieving Financial Freedom is not that hard really; it just takes 5 simple steps.
Step 1 – Boost your Active Income
Step 2 – Get Rid of Unnecessary Debt
Step 3 – Save More
Step 4 – Reduce Spending and Live Within Your Means
Step 5 – Invest For Passive Income
The problems with a lot of those advertisements are they just focus on Step 5. There are all kinds of gurus which teach you how to invest In Stocks, Properties, Trade Stocks, Options to become a multi-millionaire. Wow! That’s assuming everybody has already mastered Step 1 to Step 4! If you have already mastered Step 4, you wouldn’t be paying few thousand dollars to attend a seminar! Wouldn’t that money be better spent investing In Passive Income? Alright, let’s get back to the 5 steps.
Step 1 – Boost your Active Income
Step 2 – Get Rid of Unnecessary Debt
Step 3 – Save More
Step 4 – Reduce Spending and Live Within Your Means
Step 5 – Invest For Passive Income
The problems with a lot of those advertisements are they just focus on Step 5. There are all kinds of gurus which teach you how to invest In Stocks, Properties, Trade Stocks, Options to become a multi-millionaire. Wow! That’s assuming everybody has already mastered Step 1 to Step 4! If you have already mastered Step 4, you wouldn’t be paying few thousand dollars to attend a seminar! Wouldn’t that money be better spent investing In Passive Income? Alright, let’s get back to the 5 steps.
