There is a saying that money cannot bring happiness and that it will
never make a human being feel fulfilled in life.
That method of thinking might
as well be true but the fact of the matter is that money will make your life
easier and it may also grant you the time to do the things that you actually
enjoy and love to do in your free time.
Today, I would like to talk about how
you can make more money, keep it and make
it grow everyday so that you will be able to attain financial freedom and enjoy
every bit of it like never before. Without wasting much of your time, we begin
off this discussion today on a fly.
Have a budget
before you start shopping
The first rules of always ensuring that you are on the right side of the
money keeping habits is that you should make sure that you have a budget that
you actually operate on before even you go out there to start shopping for what
you do actually love and need to have.
You should ensure that your budget fits
within your income and that you do not actually spend more than what you
actually make.
If you can master this
rule very first, the n you are ultimately heading in the right direction to
financial freedom.
The reasons why most
people in Africa suffer financially is because we are mostly living beyond our
means and hoping that money will always be flowing in our pockets and forget
that there might actually be the bad days and the good days in our lives.
Have zero
spending days
If you want to gain financial freedom in your life, you should have some
zero spending days in your life. These could be twice a week or thrice a week.
You can decide to buy everything that you actually need at the beginning of the
week amy be on a Sunday and then the rest of the days you will not be able to
spend.
If you try out this technique or game, I guarantee you that you will be
able to save some good amount of money for yourself and you will be surprised
with what you are actually doing with your life.
Save more
money
Saving is very important if you would love to actually gain financial
freedom in your life.
You should be able
to save at least 10% of your income. That is the amount of money that you
should keep for yourself and actually not touch it or even spend a coin out of
it.
If you are able to do that for a good number of months, I guarantee you
that in a few years you will see a very big change in your financial situation
and your life will actually become better with time.
Avoid debts
Living beyond your means is not a good idea if you actually would like
to grow financially and attain financial freedom.
You will need to ensure that
if you have any debts, you will have to clear those debts to zero digits so
that you are on the right track of your financial life.
If you have any debts,
make sure that you spend 20% of your income every month on clearing your debts,
save 10% of your income and you should fit all your living expenses on the 70%
of your income.
This is the percentage that should help you pay your bills and
live a comfortable life. Being debt free is the first step I know to financial
freedom simply because it will give you the leverage to save more money and
invest easily in your own enterprises.
Invest your
savings wisely
Being able to save a very good part of your income can be exciting and
rewarding especially for those who have never done it before but the truth is
that saving is just the first step to financial freedom and the most important
part comes when you actually begin investing that money in a profitable venture
that keeps growing in value almost every day.
If you can do that, you will be on your way to financial freedom and you
will most likely be able to live a better life in the near future.
You can
invest your money in real estate especially in buying land and property or in
stocks and mutual funds. These are sure ways for you to increase your
profitability and make your money grow easily.
As your income grows, then you
can start taking some calculated risks that may pay 100% out of your
investments.
Start your
own business
You can use part of your savings to start your own business and this is
the best way of actually starting business without any debt or loan.
If you are using your own money to finance
your business ventures, you will most likely not lose control of your business
to other people out there who like taking control of the businesses that they
do finance.
You can start up a business according to your own passions or
according to your skills and abilities that you actually do posses.
If you are
able to run a profitable business venture, you will be able to grow your income
more and more easily.
Buy a few
luxuries that you can now afford with the excess income that you have generated
Now that you have successfully been able to increase your income, you
can engage in the buying of a few luxuries for yourself. If you ever wanted to
buy a car, this could be the right time for you to do that.
The difference
between the rich people and the poor people is that the rich people buy
luxuries after investing their incomes while the poor people buy luxuries using
their salaries or before investing their incomes.
You should use the money
coming out of your investments to buy that house that you always wanted to buy
or that yatch that you deserve to actually have given the fact that you have
now attained financial freedom.
You can now
travel the world
Most people love travelling but majority of the people are either stuck
with their jobs or actually do not have enough money to travel to any
destination around the world.
If you
have been able to attain financial freedom, you should now be able to travel to
any destination around the world that you always wanted to actually go to.
You
should be able to buy an air ticket to Bahamas or Necker Island and enjoy your
holidays. Life becomes very exciting when you are actually financially free and
able to sleep at the beach without worrying about the next bill you are to
pay.
With these few tips I hope you will
be able to change your life and become a financially free human being and live
your life to the fullest.
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