Categorized | Money

Financial independence: what are you doing about it?



Financial independence; I imagine I can write a few small books on the subject, if I were to be honest with you. It’s a subject everyone loves talking about, but few ever get around to working on. Why does that happen? The fact is that many of us like to reorganize our priorities so that the more unimportant things (in the larger scheme of things) end up taking precedence. We let our peers dictate our spending habits and we don’t save enough money in order to attain a state of financial independence. It is as a famous band once sang,

“Forget your lust for the rich man’s gold

All that you need is in your soul”.

Troubles will come and they will pass you by. But the only way to ward off troubles is to pursue a state of financial independence that materializes for you sooner rather than later. But there is a degree of good news for you; you don’t need to be reading books in order to know how to be financially dependent. It’s not like you shouldn’t read a book on the subject; I’m just saying you don’t need to. Do the simple things well and you will be able to attain financial independence sooner rather than later.

Save up plenty of money and make sure you are not stuck in debt. Like they say, neither a borrower nor a lender be. Make sure your financial slate is as clean as can be every single time. And while you’re at it, stop spending money on crap. You’re not going to impress anyone. Instead, invest that money in a high yield savings account or in something more valuable than whatever it is you buy to impress people. Your financial independence depends on it.

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