Financial freedom isn’t something that only people who wear suits and have degrees/diplomas can have. With a little research and commitment, you can become financially free too. In fact, you could do it in just a few short years if you’re determined enough! Let’s take a look at how you could have financial freedom:
Figure Out How Much Money You Can Commit To Becoming Financially Free
You need to be prepared to commit a certain amount of money to becoming financially free if you’re serious about changing your life and never worrying about money again. You should put some money in savings each month so you can put it towards your ideas or invest it later on. You don’t need a fortune, but you do need to be prepared to make some sacrifices.
Do Your Research
Now it’s time to do as much research as you can. Grab a new notebook and make some notes. What are your options? What steps do you think you need to take just starting out? Watch YouTube videos of entrepreneurs talking about how they became financially free and learn from them. Get inspired!
Come Up With A Plan Of Action
When you’ve done your research, it’s time to come up with a solid plan of action. Write it out so that you can digest it in bite sized chunks. Take baby steps. You don’t have to take one huge leap from where you are to where you want to be, so don’t panic. You simply have to take a baby step whenever you can in the right direction.
Passive Income Streams
Passive income streams are some of the best ways to make money, as you’re only doing the work once. For example, you write one quality ebook, proofread it, publish it, then market it and you can make money while you sleep. Trying out multiple streams will be the best idea, as you can see what really works for you. If you do decide to make a full time business of one of the passive income options out there, you can use strategic IT consulting to automate your processes and make work as hassle free as possible. You could even look into hiring a virtual assistant, a ghostwriter, and more when you begin to bring more money in. The goal being to work as little as possible for as much money as possible!
Changing Your Mindset
Changing your mindset involves changing your limiting money beliefs. Most of the beliefs we have we pick up when we’re young from our parents and the people around us. If your parents had a ‘lacking in money’ mindset, then you likely will too. Changing your mindset is imperative for success!
Read As Much As You Can
There are many books out there by the likes of successful people like Tim Ferriss that can help you to reach your goals.
Cutting Out Consumerism
If you want to become financially free, you need to cut out consumerism and live a minimalist life instead. This doesn’t mean you can’t buy anything, it just means you need to get rid of the idea that more stuff equals happiness!