Do you want to attain financial freedom? Then you should read through this article and follow the author in order to learn more on personal growth and development.
I believe that in everything we set to achieve, we must be ready to break a sweat.
Here are some guaranteed tips of achieving financial freedom: (1)Avoid living without some emergency finances readily available for a rainy day- it is advisable to have at least six times the cash you spend on your fixed monthly bills.
This money can come in handy and help you cope when you suddenly lose your job or something like an illness gets to you, this will at least hold you up before you can figure out how to solve the situation.
(2)Work at improving your skills and qualification- this will help you get promoted to a higher position and hence increasing your financial income.
You can also commercialize your hobby in order to earn extra revenue.
(3)Minimize your ATM withdrawals- you can limit yourself to a maximum of two times a month.
With a well drawn budget, you will know how much cash you require, and you should stick to withdrawing only what is stated on your budget that so that you avoid going for advances or loans because your money has run out before your next pay cheque.
(4)Never borrow unless it very necessary- refrain from taking a loan just because it is readily available.
If you should take a loan, have a good financial plan of where to invest it.
Make sure you invest in things that will appreciate and generate income for you.
(5)Learn to gauge yourself on how financially independent you are- instead of comparing yourself with your friends and what they have that you lack, gauge yourself according to your personal abilities and current financial situation thus you will achieve financial freedom.