All of us dream of someday being financially free. Money is certainly not the most important thing in the world but money affects every important thing in the world, as the author Bo Sanchez puts it. Money is not evil, but the love of money is evil. We are all stewards of money and we should learn how to use it and grow it wisely.
There are actually many steps in gaining financial freedom though I will discuss to you only four of them. First step is to give. It was written in the bible that we should give 10% of our livings produce to God and to his ministry. This is an act of faith. We should learn to give so we can also receive. When we give for Gods service we should be prepared for the numerous blessings that will come our way. Give and you shall receive.
Second step is to plan our freedom form bad dept. We should avoid that kind of dept like a bad disease. Bad debt is dept that will take money away from your pockets. Good debt works completely the opposite; it will actually put money in your pocket. To give you a clear idea a debt used to buy a sports car is bad dept while a lone to buy a 30 unit apartment is a good dept since you can program the rent to give you positive cash flow every end of the month. Avoid bad debts.
Try to sell something at the side while maintaining your current work. Selling is like owning a mini-business; youre like a mini-CEO of your company. Crafters and hobbyists are small business people that turned their hobbies to money making opportunities. Nowadays we could see homemade soaps, detergents, toys being sold on craft fairs. Selling will teach you fundamental financial skills that you may not have the chance to learn as an employee.
The final step is to invest your money in various growth funds which earns certain interest annually. You should also learn to think about your own long term plans. How do you plan to retire? Do you have money in case you retire at around 60? Save and invest for your retirement so you could have a worry-free retirement life.
There are actually many steps in gaining financial freedom though I will discuss to you only four of them. First step is to give. It was written in the bible that we should give 10% of our livings produce to God and to his ministry. This is an act of faith. We should learn to give so we can also receive. When we give for Gods service we should be prepared for the numerous blessings that will come our way. Give and you shall receive.
Second step is to plan our freedom form bad dept. We should avoid that kind of dept like a bad disease. Bad debt is dept that will take money away from your pockets. Good debt works completely the opposite; it will actually put money in your pocket. To give you a clear idea a debt used to buy a sports car is bad dept while a lone to buy a 30 unit apartment is a good dept since you can program the rent to give you positive cash flow every end of the month. Avoid bad debts.
Try to sell something at the side while maintaining your current work. Selling is like owning a mini-business; youre like a mini-CEO of your company. Crafters and hobbyists are small business people that turned their hobbies to money making opportunities. Nowadays we could see homemade soaps, detergents, toys being sold on craft fairs. Selling will teach you fundamental financial skills that you may not have the chance to learn as an employee.
The final step is to invest your money in various growth funds which earns certain interest annually. You should also learn to think about your own long term plans. How do you plan to retire? Do you have money in case you retire at around 60? Save and invest for your retirement so you could have a worry-free retirement life.
About the Author:
Mercie Hallow is a writer and a researcher on events in Travel and Leisure. Visiting events such as the Kansas craft fairs will open ones spirit on the beauty of the world beyond home's borders. If youre staying in Kansas, the author suggests checking out the Kansas craft shows for entertainments to make your stay worthwhile.
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