Four Things To Start Doing Today To Be Financially Free Tomorrow
Most people want to be wealthy; they want to be financially independent; they want to buy whatever they want and to live on their own terms. But they don’t want to put in the work or more subtly they don’t know how to make money.
The practical lessons behind hitting your dream have never been more accessible with the influx of YouTube videos, podcasts, online courses and many other avenues to gain this knowledge from entrepreneurs who have achieved that feat.
Here are the four basic ways to be financially free in the long term.
- Be financially literate
Many people consider themselves as being able to manage their finances, but I dare say that few of them are financially literate. Financial literacy, I would say, is teaching yourself how to be financially free. A lot of people want to study in the traditional school and are interested in the credits or grades. But with financial literacy, it’s all about learning about how money works. School teaches you how to work for money, but not how money can work for you.
To be able to learn about financial literacy, you need to invest in books that will teach you about money, attend seminars, and read about mentors who are ahead of you. You don’t learn how to drive a car just by reading it in a book. You have to DO IT.
After gaining knowledge about financial literacy, you must put it into practice. There are pitfalls, I must warn you, but winners are not afraid of losing but losers are afraid of losing. Take the risk and learn from any mistakes you encounter.
Gain financial knowledge.
2. Be disciplined
Discipline is a key feature of being on the road to financial freedom. According to Jim Rohn, discipline is the bridge between goals and accomplishments. Everyone has goals they want to accomplish but what it takes to move from the goal to its accomplishment is what Jim calls “discipline”.
On the road to financial independence, you need to delay your instant gratification. You can’t eat your cake and have it.
Time is the greatest equal asset we all have, and the usage of your time will determine where you would be in future. What do you do during your spare time?
Use your time wisely.
3. Form partnerships
Building good connections and partnerships are essential. Hellen Keller once said that alone we can do so little; together we can do so much. It is true also in your path to financial independence.
In the world of business, you can’t do it all by yourself, you need to be able to work with like-minded people. Man is not an island where you can separate yourself from people. For example, one person might have land but doesn’t have money to farm the land, the person can form a partnership with another person who believes in your dream and provide the finances for the project. And at the end of the day, both of you will benefit from each other.
What you need to do is to choose the right people. All successful people never did it alone, they worked with like-minded, competent and smart individuals.
Learn to work with people.
4. Be passionate
Passion is what will keep you moving on when the tide is against you. I value a person with a passion and willingness to learn more than a person who wants to work because of just getting a paycheck at the end of the month. Don’t get me wrong, I don’t imply that you don’t have to get the money, but I suggest passion comes before money. When you have a passion for doing your work, it will drive you to have a successful business or career. You can start investing in your future to be financially independent.
Passion will let you be patient; it will let you think and be a problem-solver in your area of work.
“Nothing is as important as passion. No matter what you want to do with your life, be passionate.” — Jon Bon Jovi.
Work with passion.
