The Fastest Way to Achieve Financial Freedom: A Visual Roadmap


http://www.temitopeadelekan.com

Imagine life without financial constraints. Perhaps you’d be buying the things you want and need without hesitation or live the lifestyle you’ve always dreamed of without the fear of straining your budget. Doesn’t this inspire you to work hard and manage your finances better for a secure future?

Financial freedom and literacy are crucial elements that can help you build your wealth for a sustainable future. This is why many people take the initiative to attend personal finance classes or seminars to improve their financial wellness.

While financial freedom may be different for everyone, it may look something like being able to go on an international trip every year without draining your bank account or retiring a few years early.

If you’ve always felt a certain panic setting whenever you see your monthly bills, it’s high time that you make changes to your spending and saving. Here are some good financial habits you can start practicing to kick-start your journey to financial freedom.

  • Identify your financial goals
  • Spend less; save more
  • Track your spending
  • Hold off on big-ticket items
  • Buy experiences, not things
  • Pay off your debt
  • Find other sources of income
  • Invest in your future

The road to financial freedom is hard and full of obstacles. It’s not going to be easy, but it certainly is possible. Know that gaining complete control over your finances takes commitment, discipline, and sacrifice. Once you obtain a sense of financial freedom, you won’t have to worry about choosing between getting your car repaired or buying groceries. With the right strategies and mindset, you can reach financial success and live life comfortably in the future.

Have a look at the visual graph below for the step-by-step guide on how to achieve financial independence. Soon, financial freedom will be within your reach.

Feel free to share this post on social networks. This opinion article is for informational purposes only.

Follow my blog for more insightful articles: http://temitopeadelekan.com

Want to submit a blog post: Share a blog post

Twitter: @taymethorpenj

Brought to you by Hacking Money

Edited by Temitope Adelekan

Billionaires could solve your money problems.


pexels-photo-259027

With financial woes in the US piling up there is an extreme wealth disparity that keeps growing. According to a Washington Post article, the top 1% of Americans own more than the lowest 90% combined.

At this point, minimum wage jobs do not cover basic needs and $7.25 an hour keeps many working families in poverty while the debt keeps growing. The average American has over $6300 in credit card debt alone. That’s $12.6k for the over 40% of two-parent families in the US that are holding this kind of debt.

Students have been stricken with $1.5 Trillion in student loan debt, a number that has grown markedly over the last few years. The class of 2017 graduated with close to $40k in debt on average!

What could possibly help? Maybe billionaires are the answer. Though most would consider a cadre of billionaires getting together to be the start of a massive global conspiracy if the around 2200 billionaires on the planet decided to use their money for good collectively, what could they accomplish?

Luckily, you don’t have to search too far to find the answer. Below, our friends at Self Lender researched to see what financial good the richest of the rich could do if they just put their pocketbooks to it.

The results are astonishing! With likely less than most of these .00003 per cent of the population spend on a fancy vacation, the group of super-rich could quickly bring the minimum wage up to $15 an hour. Also, a slightly larger investment could eradicate all credit card debt in the US.

The infographic below shows what might happen if you could get every billionaire to give a little bit. In the meantime though, keep paying your premiums.

Billionaires

Feel free to share on social networks. Find the buttons below this post. This opinion article is for informational purposes only.

Remember, information/knowledge acquisition can never be too much! Let us continue to spread the word!

Follow my blog for more insightful articles: http://temitopeadelekan.com

LinkedIn connect: Temitope Adelekan

Twitter: @taymethorpenj

 

 

 

Brought to you by our friend at the Self Lender

Post submitted by Emily Campbell

Edited by Temitope Adelekan