3 Simple Steps to Financial Freedom

Goals like financial freedom can seem lofty, complex, and intimidating to reach. It's easy to feel discouraged by the process.

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But really, financial freedom doesn't have to be all that complex. It takes effort, and time, but anyone can do it.

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Let's broadly define financial freedom as a life where the bills are paid, you're moving toward big financial goals, and you're relatively safe from money emergencies.

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So, with that target in mind, what does it take to get there? There are many nuances, but it generally comes down to 3 basic steps.

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The first focus is to bring in money through your regular job, side hustles, and any other sources you can come up with.

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Income isn't everything when it comes to personal finance, but it is nonetheless essential. It provides the raw material with which you build.

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Increase the amount of your income that you keep by budgeting, reducing debt, and shifting your mindset about spending and saving.

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Good saving is the lifeblood of financial progress. Even the largest incomes are useless if you spend it all.

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Take your efforts on the first two steps and multiply the results by making your money work for you.

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Investing can seem quite complex, but start small and simple, and you will gradually learn to snowball your money over time.

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3 Simple Steps to Financial Freedom

everything you need to know