In this post I am going to share the steps to achieve financial freedom and I spent many days in creating this post and I hope this will give you some new insights… In my previous posts I discussed about the importance of being your own boss and importance of multiple streams of income which will lead to financial freedom.
So I am going to discuss the steps to achieve financial freedom…
You Need To Change
When we are no longer able to change a situation we are challenged to change ourselves – Viktor E. Frankl
Dear friend is that you want to change your financial situation and want to achieve financial freedom? If yes…. It means you are expecting a change right? Then you need to change yourself.
Change what? Change your mindset, Change your attitude, Change your plan of course not your goal, Change your habit because winning is a habit. So dear friend change yourself.
If you want to achieve financial freedom (Anything you want to achieve) you need a strong determination….
Failure is man’s inability to reach his goals in life, whatever they may be – Og Mandino
Dear Friend so far you would have desired and wanted that financial freedom, wanted to spend more time with your family, wanted to live your life as per your wish, wanted to work on your own working hours, wanted to do what you love etc etc.. but it might remain as a dream till date, trust me it’s time to make it as a reality by changing yourself…. Yes I want you to upgrade your own version… CHANGE YOURSELF!!!
I strongly recommend you to consider this and implement it…. I want you to be debt-free. In financial freedom being debt-free plays the vital role. If you are having debt not to worry we are working on it and going to come out of it.
The borrower is slave to the lender – Proverbs 22:7
So decide yourself, in order to achieve financial freedom you need to come out of your debt. It’s possible and only you can do it and you need to do it.
Every time you borrow money, you’re robbing your future self – Nathan W. Morris
From Spender To Saver
Once I was going to a bank with my mom 20 years ago I read a statement printed on the glass door of the bank manager room and I am still wondering how it stayed with my heart till date, that statement is…
Its not how much you earn makes you rich, it’s how much you save which makes you rich.
Are you a spender or saver? What’s your plan on saving money and how you save money? Dear friend if your not going to save money or invest money wisely or create multiple streams of income, no matter how much you earn, I am sorry to say this “You will not achieve financial freedom.”
Do not save what is left after spending, but spend what is left after saving – Warren Buffet
To Do – I will advice you to save at least 10% – 20% of your earnings every Month.
The Benefits Of Giving
Give, and it will be given to you – Luke 6:38
You know what, this is going to be really really challenging, I came across many people although they are in a situation to help others mainly by donating money they will never ever open their heart to open their purse.
Giving opens the way for receiving – Florence Scovel Shinn
To Do – Give 5% to 10% of your earning to needy and poor people every Month.
The Power Of Adding Zero
It’s more important to grow your income than cut your expenses. It is more important to grow your spirit than cut your dreams – Robert Kiyosaki
You might wonder that, I am asking you to save 10% to 20% as your savings every month and also 5% to 10% for helping others. You might think that by doing what I am saying you will be in deficit.
Dear friend I am well aware of it and for that you need to plan your budget and plan on your spending. So the simple and powerful task I am going to give you in order to overcome this deficit is the power of adding zero at the end of your monthly earnings and work towards achieving it. By achieving it, you won’t have the problem in the percent I told in saving and giving.
As Mr. Harv Eker states…
Focus on all four of your net worth factors:
- Increasing your income.
- Increasing your savings.
- Increasing your investment returns.
- Decreasing your cost of living by simplifying your lifestyle.
To Do – Whatever your monthly earnings is “Add a zero at the end and work towards achieving it”.
Learn From Chinese Bamboo Tree
Dear friend I like the story of the Chinese bamboo tree and want to share it with you because it is exactly related to our success and we can learn lesson from it and it motivates. What’s that?
When you plant a Chinese bamboo tree you will water it…
Watering it for 1 Month – Nothing you will see
Watering it for 3 Months – Nothing you will see
Watering it for 6 Months – Nothing you will see
Watering it for 12 Months – Nothing you will see
Watering it for 2 Years – Nothing you will see
Watering it for 3 Years – Nothing you will see
Watering it for 4 Years – Nothing you will see
Watering it for 5 Years – You will see a small plant coming and you know what, it will grow up to 80 feet in six weeks yes I repeat it will grow up to 80 feet in just six weeks.
What was happening during all those years? For the past five years it was developing a strong foundation so that its results are astonishing.
So what we learn from the Chinese bamboo tree?
Learn to be more patient with your dreams.
Create a strong foundation (although results are not seen keep working).
Results are not instant.
So TAKE ACTION NOW!!!
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