Life does seem like a rat race these days and many people dream about breaking out of it. Financial freedom is a dream that many of us think about. The reason a lot of people fail in pursuit of this ideal is their lack of understanding of what it actually means. Without breaking down your earnings, spending and then defining where you want to be financially, you can never come up with a plan that will get you there. When you take a detailed look at your earnings and expenses on a reoccurring basis, it is easier to determine what is worth for you and what is it that you want to change. This way, you break down your plan into manageable, smaller chunks, and your dream starts turning into reality.
Key Takeaways:
- For most financial freedom is a dream not because it’s impossible, but because they don’t know what it means.
- Make sure you know what your take home pay is when you factor in taxes and things like that.
- Focusing on what you are actually making and what your bills are and trimming them down will give you freedom.
“The only way to achieve something is to get very clear on what you want, work out what you need to do to get it, then break it down into manageable chunks.”
Read more: https://www.propertygeek.net/blog/financial-freedom-calculation/
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