I randomly write any topic about health here which I find interesting and informative. Wealth topic is also published here so that you will get some ideas on how to earn money too. Health and Money Awareness are my objectives in writing in this blog.

4 Basic Ways to Gain Financial Freedom

gain financial freedom
Gain Financial Freedom

Are you surprise how some people become rich? There are 4 ways to gain Financial Freedom. Here are the basic four which we overlook:

1. Salary- this money comes from your employment or personal employment which you get every month. My advice for this is to use it wisely. Like saving 10% or more of it monthly and invest it to earn more income. You have no right to spend it for anything which is not a necessity like a cell phone, computer, iPod or car.

2. Savings- the important thing is you have to save as much as possible to gain early financial freedom. Look for any business vehicle which you feel can multiply your income or savings faster.

3. Invest- as I mention in savings, you need to invest to make your money work for you not the other way around. As your business or investment becomes bigger then you will feel the freedom. Don’t go for anything that will gratify you in a moment like buying a property or anything but turn out to be liabilities, go for the asset like real estate but be cautious in buying it.

4. Simplification- this is the one which almost all of us overlook. Don’t change your lifestyle even if you are earning a lot because your expenditure might equal to your earning. Like if you used to spend $200.00 a month with $5,000.00 income, don’t change it even if you earn $10,000.00 a month today as simple as that. Be frugal.

This is very basic but if you are contented with what you have right now then go for it but beware, you can’t change your life in a very short span of time. Good if you win a lottery but chances are, you have a big chance hit by a lightning than to win a million probability in a lotto. These are the basic four ways to gain financial freedom.

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