Financial freedom is available to those who learn about it and work for it - Robert Kiyosaki
Financial freedom allows you to do what you love, rather than forcing your mind to love what you do.
Once you achieve financial freedom, your assets ( Rental Home, Bonds, Stocks, etc) will generate income ( Cash flow) that will fulfill your monthly expenses.
As per Mr.Manoj Arora ( Author of the successful book "From Ratrace to Financial freedom" ), only two percent of the people think about financial freedom and only one percent of the people achieve it and live their dreams.
Anyone can achieve financial freedom by properly managing your finances. Staring the financial planning early will help you to retire early.
Golden Rules :
Rule - 1 : Save more than your expenses.
Rule - 2 : Plan your short-term, Mid-term and long term investments wisely ( Consult financial planners for guidance )
Rule-3 : Mitigate the risk by buying Insurance ( Term, Critical Illness, Accident, Home )
Rule-4 : Start planning your finance early as soon as you join a job.
Rule-5 : Your money should grow while you sleep ( Invest wisely )
Rule-6 : Have a clear financial goal in mind.
Rule-7 : You achieve financial freedom when your corpus accumulated is 25 times your annual income.
Rule-8 : Live a simple minimalistic lifestyle.
Rule-9 : Your investment must beat the inflation.
Rule-10 : Don't put all the eggs in the same basket ( Diversify your Investment )
Rule-11 : Always have a good financial mentor, who guides you in the right direction.
Rule-12 : Pay yourself first before spending ( Invest in assets )
Rule-13 : Concentrate on buying Assets ( Put Money in your pocket ) rather than Liabilities ( Put hole in your pocket ).
Rule-14 : A penny saved is a dollar earned ( Power of compounding )
Rule-15 : The more you learn, the more you earn. Improve your financial IQ. ( Read lots of good books )
Anyone who follows the above 15 golden rules will be free from the Rat race ( 9 AM to 6 PM ) and live a blissful fulfilling life. Wish you all the very best and success for your financial freedom journey.
References :
1. Rich Dad Poor Dad - Robert Kiyosaki
2. Let's talk Money - Monica Halan
3. From Ratrace to financial freedom - Manoj Arora
Financial freedom allows you to do what you love, rather than forcing your mind to love what you do.
Once you achieve financial freedom, your assets ( Rental Home, Bonds, Stocks, etc) will generate income ( Cash flow) that will fulfill your monthly expenses.
As per Mr.Manoj Arora ( Author of the successful book "From Ratrace to Financial freedom" ), only two percent of the people think about financial freedom and only one percent of the people achieve it and live their dreams.
Anyone can achieve financial freedom by properly managing your finances. Staring the financial planning early will help you to retire early.
Golden Rules :
Rule - 1 : Save more than your expenses.
Rule - 2 : Plan your short-term, Mid-term and long term investments wisely ( Consult financial planners for guidance )
Rule-3 : Mitigate the risk by buying Insurance ( Term, Critical Illness, Accident, Home )
Rule-4 : Start planning your finance early as soon as you join a job.
Rule-5 : Your money should grow while you sleep ( Invest wisely )
Rule-6 : Have a clear financial goal in mind.
Rule-7 : You achieve financial freedom when your corpus accumulated is 25 times your annual income.
Rule-8 : Live a simple minimalistic lifestyle.
Rule-9 : Your investment must beat the inflation.
Rule-10 : Don't put all the eggs in the same basket ( Diversify your Investment )
Rule-11 : Always have a good financial mentor, who guides you in the right direction.
Rule-12 : Pay yourself first before spending ( Invest in assets )
Rule-13 : Concentrate on buying Assets ( Put Money in your pocket ) rather than Liabilities ( Put hole in your pocket ).
Rule-14 : A penny saved is a dollar earned ( Power of compounding )
Rule-15 : The more you learn, the more you earn. Improve your financial IQ. ( Read lots of good books )
Anyone who follows the above 15 golden rules will be free from the Rat race ( 9 AM to 6 PM ) and live a blissful fulfilling life. Wish you all the very best and success for your financial freedom journey.
References :
1. Rich Dad Poor Dad - Robert Kiyosaki
2. Let's talk Money - Monica Halan
3. From Ratrace to financial freedom - Manoj Arora
Awesome stuff .. Appreciated
ReplyDeleteThanks a lot for your kind words sir :)
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