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October 28th, 2009 at 9:26 am
Financial freedom can be said to be achieved when you have no Debts to repay.
where all your financial needs are met from your own resources.
where you have achieved credit rating for your financial transactions.
Where your Business associates look towards you for financial guidance and appreciate the manner you effectively handel your finance.
October 28th, 2009 at 9:26 am
Set aside enough money in savings to take care of all expenses for at least six months. Develop multiple surcease of income (a business of some kind would work). Never pay retail.
October 28th, 2009 at 9:26 am
I think:
1. Education
2. High income
3. Passive income
October 28th, 2009 at 9:26 am
1. Live on less than you make.
2. Do not go into debt by using credit cards, financing cars, buying a house that is more than 25% of your take home pay on a 15 yr fixed mortgage.
3. Having a 3-6 month emergency fund saved and investing heavily for retirement.
October 28th, 2009 at 9:26 am
Read rich dad poor dad. I believe you should have and education.Read the secret. Believe in yourself.do things with a passion. Don’t look at the end result first. Look at Richard Bramstan (virgin airlines and records)his teacher told him he will either end up in jail or be wealthy he is extremely wealthy. do what you believe in with passion. When you are wealthy (and poor) give and the rewards will come back 10 fold+