Living in an economically-motivated society, we all need money to thrive. We need it to acquire the basics, such as food, shelter, clothing, and medicine, as well as to acquire comforts in life, like a large residence, sleek ride, and a lavish vacation. That's why we work for other people or manage our own business. And although some of us are happy to live a simple life, the fact is we all want to be financially independent someday. We don't want to always worry where to get the money to put food on the table or to pay the bills. We just need to enjoy life to the fullest without financial strain.
If you are financially free, you have more choices in life. You get to do plenty of things without worries if you have the money to do them. You can quit your job even before getting to the retirement age, give your child quality education, and purchase comfort. Financial freedom is not about how much or how little you earn. Even if you are generating six figures, you're not financially free if you're also spending that much or you need to surrender a lot to sustain your lifestyle.
Real financial freedom is being free from financial obligations. It's about more about decreasing your expenditures and less about multiplying your wealth. There are people who work hard to enhance their wealth to acquire various things, but in the process, they just acquire more bills to pay. They also need to work harder than normal, prohibiting them from enjoying life, just to maintain their extravagant lifestyle. These acts completely negate the very essence of being financially free.
You must practice discipline in spending whether you earn big or small. broaden the difference between your earnings and your expenses by either increasing your income or decreasing your spending. Practice proper wealth management by saving up and investing on valuables that will eventually bring in profits on their own will help you prepare for the future.
But before investing in anything, know the risks first. Ask an expert and examine your available options. Not all investment schemes are suitable for everybody. If you're in Singapore, you can consider CPF investment or other investment plans. And if you want to know more about insurance options, an insurance planning Singapore firm can help you address your concerns.
If you are financially free, you have more choices in life. You get to do plenty of things without worries if you have the money to do them. You can quit your job even before getting to the retirement age, give your child quality education, and purchase comfort. Financial freedom is not about how much or how little you earn. Even if you are generating six figures, you're not financially free if you're also spending that much or you need to surrender a lot to sustain your lifestyle.
Real financial freedom is being free from financial obligations. It's about more about decreasing your expenditures and less about multiplying your wealth. There are people who work hard to enhance their wealth to acquire various things, but in the process, they just acquire more bills to pay. They also need to work harder than normal, prohibiting them from enjoying life, just to maintain their extravagant lifestyle. These acts completely negate the very essence of being financially free.
You must practice discipline in spending whether you earn big or small. broaden the difference between your earnings and your expenses by either increasing your income or decreasing your spending. Practice proper wealth management by saving up and investing on valuables that will eventually bring in profits on their own will help you prepare for the future.
But before investing in anything, know the risks first. Ask an expert and examine your available options. Not all investment schemes are suitable for everybody. If you're in Singapore, you can consider CPF investment or other investment plans. And if you want to know more about insurance options, an insurance planning Singapore firm can help you address your concerns.
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