Financial freedom is something that many successful people discuss in their podcasts, books, videos, and other pieces of content. When somebody is financially free, they don’t have to worry about money. They have enough for their bills, entertainment, living arrangements, and pretty much anything else they want. The best thing about it? There’s no need to work yourself into the ground to do it.
Let’s talk about how you can become financially free - in just one year!
Building An Online Business
One of the keys to financial freedom is building an online business. Just about anybody can create an online business these days, what with the help of the internet. Many people have done it and are doing it, so there’s every chance that you can too if you commit to it. Ideally, you will create an online business that you don’t need to monitor constantly. When this happens, you can make money by barely doing anything at all. Of course you will need to maintain your online business and keep things fresh, however, companies such as managed IT services can potentially help you to save time on this. You don’t even need to re-invent the wheel. Having an original idea helps, but there are so many easy ways to make money with an online business.
Generating Passive Income Streams
Generating passive income streams is a brilliant way to avoid depending on one source for your income. A passive income stream is something you may do work for once and then continue to get money from over time. For example, an e-book. You will make passive income on sales. Figure out the streams that are best for you and utilize as many as possible!
Minimalism Over Consumerism
Adopting a minimalist lifestyle of a consumerist lifestyle is one of the best things you can do. We are constantly bombarded with adverts telling us what we need, and because of this, we usually have a need to buy something constantly. By becoming aware of this, waiting before making a purchase and thinking about things carefully, you can begin to put money into more useful places and avoid falling into this trap. Possessions only make us happy temporarily - it’s not a fulfilling or lasting feeling!
Clearing Your Limiting Beliefs On Money
Now you need to be really honest with yourself. What limiting beliefs, or scripts around money do you find you constantly replay in your head? For example, some people say that money is the root of all evil. Some people have negative misconceptions on rich people and their personalities. You must work on dissecting and clearing these beliefs if you’re going to create financial freedom in your life. Whatever you think currently isn't your fault. We are all conditioned by our environment, and pick up our beliefs at a young age, usually from our caregivers. Find techniques to replace your old beliefs with your new beliefs!
Are you ready to become financially free in one year? Be consistent, explore all options, and you’ll get to where you want to be.