Freedom from fear is financial independence & does not achieve by luck or believing in stars. It relates to our works. In life, a lot of fear like as, money, having no pleasure time to family &, etc.. Having a lot of money is not a financial achievement. A good earning gets employe from a 9-5 job but no time to spend their family or miss many essential adventures.
On the other hand, financial independence gives a life that can be modified by our desires. The primary point is our business or work plays a vital role in getting financial independence. In other words, it is connected with our incoming resources (input). What kind of our income source. (active or passive). Keep the focus on skillful ways that are penned below.
Firstly, Good habits bring excellent direction to achieve all targets — the software of good habits you have to programing the first in the unconscious part of the brain.
Stop spending more habits
What are you spending more as compared to receiving? If your expenses are high from earning, then you must be aware of maintaining the balance between spending and earning. The best way to track spending or earning by a planner.
Invest in self
A lot of necessary precedences related to self. Rich man always invests in opening the door of income. As a result, they can generate more another income source. But poor always pay house rent, taxes, loans, etc. If you do not invest in yourself first, then your income direct goes to household expenses or fees, bills &,etc.. Every month’s same pattern will follow you, and you will never learn how to generate streams of income to get financial freedom.
Time is the leading asset that can not get again in life if it wastes. Create a daily time planner, which will help to find where you are spending time most once you achieve the habit of investing time in meaningful work. As a result, financial achievement will not far from you.
“THE BAD NEWS IS TIME FLIES. THE GOOD NEWS IS YOU ARE THE PILOT”
Go against feelings
Feelings have no power if we experience real. We work when our mood right or attached with sense. Taking action according to the mind’s opinion becomes doodle or slave. On the contrary, financial freedom achieve only those people who are strongly committed to working whatever action it takes to complete or no think about the feeling.
It is true our minds never ready to do work what we want. Oppositely, it attracts to easiest way or entertainment option. But folks forget, the path of financial success is to fulfill with circumstances that are handled by following discipline or hard working.
Stream of income
Prepare a various stream business model that can give an additional source of earning. At this stage, your revenue may be around 7-8 figures monthly as well as beat expenses easily. The ideas of making a streaming business are penned below.
In a 9 – 5 job, we earn money according to our presence. For example, how many hours of employees work the same earn according to the contract of companies. People don’t receive dollars during attending a party, traveling, sleeping, and on holidays.
Cause during this movement, their presence is not on work. But money can come if anyone has a passive income source whatever owner is out off station, sleeping, on vacation, attending the party. The passive model will work to continue 24 hours. Financial independence comes by only passive asset models that are mentioned below.
A lot of digital platforms are possible to invest in many fields. Commodities, stock, or forex markets are the best example to start their venture. Forex trading is my career. But do not start an investment without any learning.
Build your e-commerce store by Shopify or another platform. Own brand’ product can be manufactured and listing on Amazon, eBay, or other websites which are famous in your locality. If you do not sell your brand, then dropshipping is a flying asset model to sell others’ items. Moreover, an online store has to create on Shopify & start dropshipping with wholesale suppliers (Aliexpress).
“BEING RICH IS HAVING MONEY, BEING WEALTHY IS HAVING TIME”
In 2020, blogging has become the more rewarded platform to get financial freedom. Pick any favorite niche (travel, fashion, finance, digital marketing, e-commerce, food, auto, digital tools) and start blogging as a full-time work anywhere. Learn how to start a blog.
Sell your skills as a freelancer
Some youngster has the capabilities of creating thrilling services, They can open an account as a seller on freelancing platform ( Upwork, Fiverr, Freelancer) where business or individuals both types of demand of experts to complete order. The online freelance marketplace is becoming a more and more earning source of gigs.
You have acquired knowledge from any field. Compel to start a business teaching business by own website, making a course on Udemy, Teachable, both are online teaching methods to teach masses worldwide.
The abundance of renting things, for example, become a seller on Airbnb for renting home or rooms. Cause, customer find a cheap or right place to stay good home. Airbnb rates are low as compared to other websites. The customer relies on the terms & policies of Airbnb to hiring seller’s services. Furthermore, if you have empty homes or a big hall in an urban area, then more requirements of professionals to hire the best location.
Vehicles or private cab renting may be an excellent option to earn money — the more appealing demand for fancy cars during the wedding season.
Become a monger of the spicy fast food service by the street stall. Hire an expert chef to prepare fast food services & install 2-3 stalls in the most crowded area in locality. Nowadays, order comes digital (Zomato, Ubereats, Foodpanda & Swiggy) or physical both ways.
Professionals’fitness is unbalancing due to the hectic schedule of business lines. As a result, the population is becoming very conscious about healthy activities. So people who have a profound physical eduction opportunity to run a fitness or yoga classes in public parks, near the beach or any own private location by giving the monthly & annual membership plans.
All in all, only by the hard-working doesn’t get financial independence instead of taking action at the right time and in the right direction lead a successful journey of a workaholic. All these wise ideas are beneficial to attain massive money freedom.
Please comment to tell what the best way for you to get financial freedom is? What is financial freedom for you?