Make Your Money Work For You to Obtain Financial Freedom
The third stage to financial freedom is the most rewarding.
I will say though that once you have your debts paid off you will feel as if you have had a tremendous weight taken off of your shoulders.
Financial freedom is that point in your life where your money is working for you instead of you working for your money.
This is the sole reason for striving to acquire assets that will continuously grow and increase in value so that you can continue to take those profits and add more assets until you have built them to the point that you can roll into something even more profitable.
Choosing the right time to do this can be key, so always try to continuously educate yourself on where the real estate market is and what is happening in the economy.
Always be tuned in to what is happening in the stock market as well.
Do not be a passive investor.
Listen to advice and then research it.
The more you learn the more profitable you will be in the end.
Align yourself with people who are in the know and be very careful who you choose as your mentors.
True wealth is defined as having enough assets to pay for your liabilities and your lifestyle.
Take a look around at all of the people you know.
Just because someone is living large, big house, expensive cars and expensive toys does not represent wealth, if the individual has borrowed the money to have these things.
True wealth is only present when the current assets owned by that person are paying for all of the expensive things that they are enjoying in life.
If the average couple or individual would wait a minute, live modestly and invest their income instead of spending it on a lifestyle, in the end, they would not have all of the stress that exists today.
The most important lesson you can teach your children is this concept, before they start their lives in the world of working adults.
In conclusion please realize and accept the fact that paying off debt and building assets which are the first two steps in this equation, takes time, but in a few short years with careful planning you truly can change your financial picture.
Do not feel as if you are alone in this endeavor.
There are many families today who are upside down financially.
Separate yourself from the others by being smart and taking a step back.
Evaluate your situation and make the corrections necessary to put you on the right track.
Explain to your children, if they are old enough, that you have to make things right and that it is for their benefit in the long run.
There are many fun things in life that are free, take advantage of those.
When you look back from the future you will be elated that you took my advice.
I will say though that once you have your debts paid off you will feel as if you have had a tremendous weight taken off of your shoulders.
Financial freedom is that point in your life where your money is working for you instead of you working for your money.
This is the sole reason for striving to acquire assets that will continuously grow and increase in value so that you can continue to take those profits and add more assets until you have built them to the point that you can roll into something even more profitable.
Choosing the right time to do this can be key, so always try to continuously educate yourself on where the real estate market is and what is happening in the economy.
Always be tuned in to what is happening in the stock market as well.
Do not be a passive investor.
Listen to advice and then research it.
The more you learn the more profitable you will be in the end.
Align yourself with people who are in the know and be very careful who you choose as your mentors.
True wealth is defined as having enough assets to pay for your liabilities and your lifestyle.
Take a look around at all of the people you know.
Just because someone is living large, big house, expensive cars and expensive toys does not represent wealth, if the individual has borrowed the money to have these things.
True wealth is only present when the current assets owned by that person are paying for all of the expensive things that they are enjoying in life.
If the average couple or individual would wait a minute, live modestly and invest their income instead of spending it on a lifestyle, in the end, they would not have all of the stress that exists today.
The most important lesson you can teach your children is this concept, before they start their lives in the world of working adults.
In conclusion please realize and accept the fact that paying off debt and building assets which are the first two steps in this equation, takes time, but in a few short years with careful planning you truly can change your financial picture.
Do not feel as if you are alone in this endeavor.
There are many families today who are upside down financially.
Separate yourself from the others by being smart and taking a step back.
Evaluate your situation and make the corrections necessary to put you on the right track.
Explain to your children, if they are old enough, that you have to make things right and that it is for their benefit in the long run.
There are many fun things in life that are free, take advantage of those.
When you look back from the future you will be elated that you took my advice.