Why Pursue Financial Freedom? (2)

Just For Thinking ..


Read? Why Pursue Financial Freedom?


Currency of Life is Time and not Money; but Money is the way or tool to gain to exchange for more personal Time.


Read? Four Financial Progressive Stages

By Herbert Harris

1. The Earning Principle


All wealth is created in the mind. The earning principle covers the exchange of value required to create sufficient income to meet your needs.

2. The Spending Principle

The Spending principle covers the manner in which you spend, circulate, or otherwise dispose of your money.
3. The Saving Principle

The saving principle covers the accumulation of surplus - the difference between your income and expenses - from your income

4. The Investing Principle

The investing principle covers the allocation of surplus to increase your wealth and income.


Put it simply:

Spend less than you earn. Save what you do not spend. Invest a portion of what you save to help you to generate more.

Ask yourself the money question, "What is the best use of my money right now, in terms of my goals, vision and purpose?"

How to create wealth?

There are three basic ways to create wealth:

1. Wages and salaries

2. Income from a business

3. Income from investments

----------------------------------------------------------------------------


Createweath8888's way:

1. Wages and salaries

Unless you are self-employed; otherwise, the day will come when your bosses will ask you to retire.

2. Income from investments

When you have the necessary skills, knowledge and experience in investing, you will be able to generate reasonable income from your investments long after you have retired or asked to retire.

I happened to know one 80+ Grand Old Uncle and he is still actively watching the stock market. It is really life time activity for those who enjoys it. May be can help to avoid Dementia!