It’s
a big joke believing that your business or your new job will make you
financially independent. You have to know and study ways to become financially
independent.
1. Visualize First, Then Plan: Start by
considering what your vision of financial independence actually looks like and
then get a reality check. Qualified financial experts can examine your current
financial circumstances, listen to what financial independence means to you and
help you craft a plan. The path to financial independence may be considerably
different at age 20 than it is at age 50; the more time you have to save and
invest generally produces a better outcome. But at any age, start with a
realistic picture of your options.
2.
Budget: Budgeting the process of
tracking income, subtracting expenses and deciding how to divert the difference
to your goals each month is the essential first task of personal finance. If
you haven't learned to budget, you need to do so.
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