How to plan for having the ever-elusive financial freedom by Rich Dad Poor Dad Financial freedom doesnâ€™t come just like that to most of us, we struggle hard to make ends meet and at the end of all the slogging you do you are hardly left with anything to help you in your later life. But there are some others who live luxurious lives yet are able to multiply their money. The truth is that those who recognize the need to spend wisely while they are still young with a fire in their bellies to earn more are the ones that can face financial challenges head on and still carve a financially comfortable niche for their old age. The capacity to work hard and Rich Dad Poor Dad save more gives them an edge over others who enjoy during their youth without a thought for their life after retirement; this is like the famous ant and the grasshopper story! How to attain financial freedom? Yes, most of us are plagued about attaining financial freedom and we all have to remember the maxim â€˜no pain, no gainâ€™, only if we work hard and save most of the amount during our younger days will we be able to create a good amount of financial back up. This does not mean we have to slog continuously and not have a moment of enjoyment; we should be able to draw a line as to how much expenditure is permissible towards luxuries and entertainment. You have to adjust your lifestyle to go with your earning capacity; you should put in sufficient efforts to educate yourself and gain knowledge for creating substantial wealth for yourself. A determined effort in this direction will help you and give ample tips on how to attain financial freedom. All this needs a lot of effort, time and patience but in the end you will be glad you put in these inputs for having financial stability when you need it most. And if you are unable to plan properly you can take the help of professionals in the field of financial management and investments, they will be of immense help to you. With great expertise gained by being in this field for several years they can assess how much you can contribute towards savings in a reasonable manner and how to invest the amount saved to fetch better returns. Here are some of the business opportunities that help you achieve financial freedom Wise investment in real estate is a good way of making great profits; you will have to study the market and strike when the opportunity is right. The other way to make extra money is by doing online business. A lot of income can be earned through online business with a little knowledge and effort and soon you will become a master in this line.
If you find time from your regular work you will be able to find a lot of work from home jobs that actually help you earn quite a substantial additional amount and all from the comfort of your home and at a time that you find convenient. And though all of us have heard it so ofter I repeat it once again, always pay yourself first; it looks selfish but it is not. This is a major step one should take for enjoying great financial freedom when we are retired and this is the time we have been looking forward to.
Published on Jul 29, 2013
The capacity to work hard and save more gives them an edge over others who enjoy during their youth without a thought for their life after r...