Steps to financial freedom

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Steps to financial freedom

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The financial insecurity is generally due to poor financial planning. Most of the people do not know their future financial commitments; some of them do not know how to meet them with effective investment method. This is the reason why many people face post retirement financial crisis. There is only one reason to it and this is lack of Financial Planning.

I will be publishing a series of three blog posts which would give you financial freedom and help you direct your money at the right place, at the right time.

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Investments

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An effective investment is today’s obligation to meet future financial goals. hence we set this aside before we budget expenses

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It will appreciate in future.

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It will generate handsome extra income for the investor.

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To meet long term major expenditure. Marriage, Kids education, buying a house etc.

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Real estate, gold, stocks, bonds are some of the asset class.

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Savings

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Saving is an Income over Expenses

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It may not appreciate in future.

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It will generate very little income.

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To meet short term plans. Family vacation, buying of electronic gadget, vehicles etc.

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Savings A/C, personal house savings.

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Just saving money cannot multiply your money, investments multiply your money. Start investing early to get financially secured. 

[/fusion_text][fusion_separator style_type=”none” top_margin=”15″ bottom_margin=”15″ sep_color=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” class=”” id=””/][/fusion_builder_column][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_title size=”2″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]How to achieve financial freedom?[/fusion_title][/fusion_builder_column][fusion_builder_column type=”2_5″ last=”no” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”solid” padding=”” margin_top=”” margin_bottom=”” animation_type=”fade” animation_direction=”left” animation_speed=”0.5″ animation_offset=”” class=”” id=””][fusion_imageframe lightbox=”no” lightbox_image=”” style_type=”none” hover_type=”none” bordercolor=”” bordersize=”0px” borderradius=”0″ stylecolor=”” align=”none” link=”” linktarget=”_self” animation_type=”0″ animation_direction=”down” animation_speed=”0.1″ animation_offset=”” hide_on_mobile=”no” class=”” id=””] [/fusion_imageframe][/fusion_builder_column][fusion_builder_column type=”3_5″ last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”solid” padding=”” margin_top=”” margin_bottom=”” animation_type=”fade” animation_direction=”right” animation_speed=”0.5″ animation_offset=”” class=”” id=””][fusion_text]

Everyone in this world wants to be free financially. They lag behind because they don’t know how to be one. There are basically two types of people in this world,

  1. People who are financially slaves

  2. People who are financially free.

Both the above class of people have some peculiar characteristics which make them financially free or slaves. The below table will show you what differentiates them.

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The Below Table can help you to realize your financial status.

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Financially Slaves

[/fusion_title][fusion_alert type=”notice” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]They earn money to meet expenses.[/fusion_alert][fusion_alert type=”notice” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]No planning and no long vision.[/fusion_alert][fusion_separator style_type=”single|dotted” top_margin=”” bottom_margin=”” sep_color=”#898989″ border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” class=”” id=””/][fusion_alert type=”error” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]They are under constant financial pressure.[/fusion_alert][fusion_alert type=”error” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]They are scared of ‘month ends’[/fusion_alert][fusion_separator style_type=”single|dotted” top_margin=”” bottom_margin=”” sep_color=”#898989″ border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” class=”” id=””/][fusion_alert type=”error” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]They seldom save or invest.[/fusion_alert][fusion_alert type=”error” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]They take loans and debts in case of an emergency.[/fusion_alert][/fusion_builder_column][fusion_builder_column type=”1_2″ last=”yes” spacing=”yes” center_content=”no” hide_on_mobile=”no” background_color=”” background_image=”” background_repeat=”no-repeat” background_position=”left top” hover_type=”none” link=”” border_position=”all” border_size=”0px” border_color=”” border_style=”solid” padding=”” margin_top=”” margin_bottom=”” animation_type=”shake” animation_direction=”static” animation_speed=”0.5″ animation_offset=”” class=”” id=””][fusion_title size=”2″ content_align=”left” style_type=”default” sep_color=”” margin_top=”” margin_bottom=”” class=”” id=””]

Financially Free

[/fusion_title][fusion_alert type=”general” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]They earn money, save and spend.[/fusion_alert][fusion_alert type=”general” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]Well planned financially and have long vision.[/fusion_alert][fusion_separator style_type=”single|dotted” top_margin=”” bottom_margin=”” sep_color=”#898989″ border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” class=”” id=””/][fusion_alert type=”success” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]They are free from financial pressure.[/fusion_alert][fusion_alert type=”success” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]Any day of the month is same to them.[/fusion_alert][fusion_separator style_type=”single|dotted” top_margin=”” bottom_margin=”” sep_color=”#898989″ border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”center” class=”” id=””/][fusion_alert type=”success” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]They always save and invest.[/fusion_alert][fusion_alert type=”success” accent_color=”” background_color=”” border_size=”1px” icon=”” box_shadow=”yes” animation_type=”0″ animation_direction=”left” animation_speed=”1″ animation_offset=”” class=”” id=””]They always save and invest.[/fusion_alert][/fusion_builder_column][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_separator style_type=”none” top_margin=”” bottom_margin=”” sep_color=”” border_size=”” icon=”” icon_circle=”” icon_circle_color=”” width=”” alignment=”” class=”” id=””/][fusion_text]

By reading the above table can you decide whether you are financially slave or financially free? If you are free then it amazing. If you are financially slave then you need to reconstruct your financial management. Do it before its too late!!

In the next blog post I will be discussing about the various asset class you should invest in to make yourself financially secured.

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Article Info

Published Date: August 12, 2016
Author: Valarmurugan

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