3 Ways to Become Financially Free
Today I just want to Explain an Important point that there is no quickly get rich program that actually works, so stop searching!
I am saying that to you from the experience of searching for it. I searched for that program for years, and now I know that was just a waste of time and money. To become Financially free, takes hard work, dedication and learning. You also need a plan to know what does financially being free means to you, because it could be different for everyone.
After you Defined the meaning of being financially free for yourself, then you need a plan to see how you can get there. You need to find out the skills you need to help you to get there. You might have to learn the skills you need to achieve your dream, like how I had to go and learn to trade. Well, If that is what you have to do, then you better start now as there is no other way around it.
Now I made that point clear, let us see what are the three ways that you definitely need to pay attention to if you want to become financially free quicker. It all depends on how you earn, spend and grow your money.
Firstly You have to have a job to pay you good money or at least an average money to help you pay your bills and have some savings. Yes, you got it, I said savings. If you are someone that spends all his/her earnings as soon as you got paid then you can forget it, because you never bee financially free.
Secondly, You need to make that money or savings grow further by earning you interest. That means you need to invest it in the property market to earn around 2–6% per year, or take more risks and invest in the Forex & Stock market. Of course, you earn between 5- 65% a year by investing in Forex & Stock market depending on the risks you are taking, because you can lose too if you don’t know what to do or if you don’t have any trading experience. Personally, I would invest in the stock market, then use the compound effects to multiply my money before moving it to a more risk-free long investment like Property.
Well, you might say what if, I don’t know how to trade in the stock market and forex? Well, that was me 7 years ago struggling financially, until I spent years learning and perfecting my investment art. So if you want to do it yourself then start learning the art first, but if you don’t want to learn the trading art, but still want to grow your earnings by investing in Forex or stock market then you can joint venture with someone who has done the training and share the profit. The worst thing you can do is to leave your money in the bank, so banks invest and earn more, then just give you a small percentage back. That is why banks get richer and people get poorer.
Thirdly is to earn money from rental. Have you noticed the last two are the money you earn while you are sleeping, and that gives you three times your income while you only do one job? That is how you boost your income to reach financial freedom levels faster depending on what your financial goal is. After a while, you will be earning enough from the Stock market and property that you can finally stop doing your normal job.
I hope you found this useful.
Ali Shahraki