Financially independent is having extract income for rest of life even if you don’t go to work or job and that pays you while ‘sleeping and it’s commonly referred to as passive income. we all want to be financially independent in our early-stage for that you want to live a life that you want and you don’t depend on others for your life.
For that What kinds of things, you want to do if you want to be fin
1. SACRIFICE SOMETIMES.
First, have a sacrifice mindset because Most of the time you want to attain something that time you want to be sacrificing sometimes. because you want to be a financial success but if you doing unnecessary things continuously you won’t attain that. for example, you purchase things unwanted and over the expense and other kinda unnecessary stuff make you more suffer to attain financial freedom.
2. INVESTING IN EARLY.
Investing is the most important stage to attain financial freedom. because start invest in your early stage is the most effective way and you start investing like mutual funds and stock and crypto .but before start investing have clear knowledge about that because it’s risky and don’t invest you don’t understand to proper research and analysis about that before doing the thing.
3. AWAY FROM DEBTS OR BORROWING.
Because debts one of the hardest thing to have and it makes you more suffer and it is a burden but how much possible you can pay debts with right time is good. what thing you want to do ways from debt first don’t pay your debt overdue time and don’t use credit more and don’t buy a thing in installment over again and just focus one debt at the time.
4. TRACK YOUR EXPENSES.
Because if you start to track your expense then you reduce unnecessarily you money wasting because most times we don’t how money has gone short time and we don’t have ideas what happens that time if you start tracking your expenses using write or use app whatever you do with money then you find ways how to stop over expenses.
5.START SIDE HUSTLE.
Most important to attain financial freedom you want to start a side hustle is called about what you have passionate about doing a thing when is its pay more than the active income that helps you to attain financial freedom.
some ideas about passive income
6. INVEST YOURSELF.
Invest yourself is monetary because if you want to succeed in whatever in life, career, money, etc. you first want to invest in yourself that only help you in the hardest part of life, invest in yourself is not what you learn in school or college is called understand yourself like start to develop yourself as your communication, personal development, money skills, learn new skills, etc . invest yourself is best ways to survive in this world.
7.BUY ASSETS AND NOT LIABILITY.
Here most people why financially broke because they don’t buy assets they only buy liability and suffer. because assets make you richer but liabilities make decrease your assets. why rich people get richer they only focus on how to increase assets they don’t invest money in unimportant things but poor people always invest in unimportant things first. because they poor knowledge wealth and how to develop so for you want start to invest yourself.