3 Simple Steps to Financial Freedom

everything you need to know

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

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

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.

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.

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

Step 1: Earn

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

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

Step 2: Save

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

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

Step 3: Invest

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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