Financial Freedom - Do what you have to have to Do First

Do what you have to do, until you can do what you want to do - Oprah Winfrey

An article written in the Washington post states that, "Only 13 percent of people worldwide actually like going to work". If you are one among of the lucky 13 percent, you are welcome to stop reading this article. If you want to live a happy life, you need to do the job which you love.   

In our early childhood, we might have dreamed to become a Farmer,Chef, Entrepreneur, business man, etc. However due to peer pressure and attractive salary from other jobs, most of us might have been forced to pursue a career which we don't like.However, there are some exceptions, in-which the people are blessed to join a job in their early career, which they love the most.

In this modern age, we have been programmed to do a job for salary and not as per our passion. Our status is judged by the amount of our paycheck. No one bothers to ask us whether we like our job ? 

During my recent research about Financial Freedom / Financial Independence, I am pleasantly surprised to come across some of the persons, who have planned their Finance brilliantly and retired early from their 9 AM to 6 PM jobs. One such person in Mr.Money Mustache. 

Mr.Money Mustache have planned his finance from the day he got his first paycheck. He have retired successfully at the age of 31, from his Software Job. He is now guiding persons across the world to come out of the 9 AM to 6 PM Ratrace and live their dreams. Now after retirement, he spends quality time with his family and do what he truly loves.  

Once you achieve financial freedom, your assets ( Rental Home, Bonds, Stocks, etc) will generate income ( Cash flow) that will fulfill your monthly expenses. So that you no longer depend on your job for your monthly expenditure. 

Tips to Younger Generation : 
1) Join the course / degree that you love most. 
2) Don't join the course / college as your friend have joined it or your father have adviced you to join. 
3) Don't select the job that pay you most, instead select the job that you pay attention most. 

Tips to Freshers / New Joiners : 
1) Try your BEST to get the job that you love most. 
2) Incase if you don't get the job You love, accept the job whichever comes on your way and start planning your finances early. 
3) Everyday allocate some time to sharpen your skills for the Job that you would like to do after your early retirement. 

Tips to Married Persons : 
1) I strongly recommend you to achieve Financial freedom, before you pursue your passion. 
2) You have the primary responsibility to take care of your family and dependents [If Any], and don't take the risk of changing the career path until you have a financial security.  

Summary : 
1) It is possible to live your dreams, if you start planning your finances early. 
2) Financial Management is an art and everyone of us to learn it to multiply it. 
3) If you are married, pursue your dreams only after achieving your Financial Freedom / Financial Independence. 

Five Golden Rules on Financial Management by Mr.Senthamizhan

Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like —Will Rogers

Mr.Senthamizhan Maniarasan is the founder of Semmai Vanam [ A training initiative, that helps the people, to go back to our human basics and nature ]. He regularly delivers speeches about healthy, happy, peaceful and meaningful living.

In the below article, I have presented the tips given by Mr.Senthamizhan about Financial Management during one of his lectures.

1. Never buy a home on EMI [ Home Loan ]
2. Never buy a car on EMI [ Car Loan ]
3. Never Spend too much money for Wedding / Marriage
4. Never Spend too much money for Birthday party
5. Never spend too much money on child’s Education

After doing a thorough research in the Internet, books, Youtube, etc all the financial planners advice's is not to buy a home on EMI. Even the world’s No.1 personal Finance guru Robert Kiyosaki [ Author of Rich Dad Poor Dad] labels the home that we stay as liability [ Which takes money from our Pocket ].

I strongly agrees to all the above five points about the financial management suggested by Mr.Senthamizhan. It is we who put ourselves in the Financial Ratrace and always complaint someone else for our problems.

Let’s have a clear understanding between Wants and Needs and spend only for the things that is a need. Wish you all a wealthy and prosperous life.

Key Lessons from the Book "The Richest Engineer"

Famous Quotes on Personal Finance

Give a million dollars to someone who does not possess the attitude of a millionaire and that person will most likely lose it. But take away all the wealth from a true millionaire and in no time he or she will build a new fortune. Why? Because those who earn their millionaire status develop the skills, knowledge, and experience to duplicate the process again and again – Jim Rohn 

Good health, longevity, happiness, a loving family, self-reliance, fine friends. if you [have] five, you’re a rich man.
― Thomas J. Stanley, The Millionaire Next Door

25 Beautiful Quotes from the book “The Richest Engineer”

The book “The Richest Engineer” contains lot of beautiful quotes about financial planning. In this article, I have presented the important teachings from the book “The Richest Engineer”, written by Abhishek Kumar.

1. If you want to learn  to do something right, watch someone who has done it successfully.
2. It is not possible to live a really complete or successful life unless one is rich.
3. The key to happiness is not more money. Happiness is an art to be studied and practised. More money will only make you more of what you already are.
4. Financial intelligence solves problem and produces money.
5. Earning money is an art and keeping your earned money with yourselves is a different art.
6. Rich people are committed to being rich and that is why they are Rich.
7. If you took all the money in the world and divide it equally among everybody, it would soon be back in the same pockets it was before.
8. Either you create million excuses or you create million rupees. But you cannot create both.
9. Rich People are students throughout their life. Poor People’s learning stops after formal education.
10. A small step is much more powerful than the mightiest intentions.
11. Wealth is not limited; rather it grows. It grows whenever man exerts energy.
12. A part of all you earn is yours to keep.
13. Every rupee that you save and invest is a like an employee who works for you.
14. A man who seeks to learn more of his craft is always highly rewarded.
15. It is not the profession but your love and dedication towards your profession which will help you rise up in your life.
16. Excellence comes when the performer takes pride in doing his best.
17. Happiest people are those who use their natural talents to the utmost.
18. A budget is people telling their money where to go instead of wondering where it went.
19. A rupee saved is one and half times a rupee earned.
20. Money is like a flow of water and if you do not control it’s flow then it will find its own way.
21. Learn to work harder on yourself than you would do on your job.
22. It’s not what you know, it’s who you know.
23. The real goal of our life should be touch and improve the lives of others.
24. The ultimate sense of happiness comes when you realise that you have been of help to someone in need.
25. Wisdom and knowledge is of no use until it is put into action. 

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