Wealth Building, Retire Early, Personel Money, Financial Planning, Saving Tips
Since I enter working society, I came across knowledge of financial planning. Financial planning articles are in every corners of media like news, books and radio. Financial planner always urge ever y persons should do financial planning regardless rich or poor. If you are poor, more likely you should do your financial planning.
We must work in order to get our salary. If we don’t work, we have no salary. When we are working, we are consuming our energy and time. Energy used can be recover but time used cannot be recovered. Once the time pass, it is a history. We are not Doraemon which have time machine that can go back to yesterday or last week.
Multiple sources of income is the best way to retire peacefully. Saying about retire what does it mean? It simply means that you still have money going into your pocket even though you do not have to work anymore.
Achieving financial freedom is always my dream from the first day I get to know its meaning. Achieving is never an easy task but also it is not unachievable. All it need is determination. I use this blog to keep track my pathway to financial freedom and to share what I had learn during this journey. I think it will be helpful for younger to learn from my mistake.
#1 Financial Freedom Through Reading
By reading, we gain a lot of knowledge and wisdoms. Most of the people after leaving the secondary school, they stop reading. They stop learning new things or slow down their speed of leaning new things. Their learning process are limited to their daily works. That is the biggest corner stone for one to improve themselves and become successful.
If you ever heard of David Bach, author of Automatic Millionaire, you should also heard of Latte Factor. It is his personal finance advise trademark which can lead you to become a millionaire automatically one day.
In the last post, I wrote about the rat race. So, what kind of life does person in rat race have? Well, most probably they everyday doing the same things, working from 8 to 5. Everyday is hoping it is the end of the month because it is salary day. After receiving the salary, we got to pay different types of bills, insurances and loans. The leftover is used for entertainment purpose. Or some better financial knowledge people will save 5-10 percent for future. When do you think you can achieve financial freedom with just 10 percent savings? I guess the answer will be infinity or too long to be counted.
