How Easy It Is To Be Financially Free?

[moonchild]

Being financially free is basically one of the goals we live to chase everyday, and most people end up achieving their goal, globally the economy is taking a hit, the price of housing is going up, unemployment rates is getting out of hands and getting a job that pays good money is practically unachievable.

What's the best way to approach financial freedom in today's economy, is it to start a business, get a high paying job or it is basically unachievable, I think it is attainable through hard work and starting a scalable business that makes you money even when you sleep.

 

[Mika]

It depends on your income level and your spending habits. If you earn well, you are more likely to become financially free when compared to someone who does not have a good income. However, even if you have a lot of money but spend on nonsense things it is less likely that you will become financially free. Financial freedom will come only when you earn a lot of mone, you save a lot of money and you invest your savings. Financial freedom is a mixture of different things, income, saving, and investment.

 

[Augusta]

Being financially free needs you Spending less and saving more. you only gain money when you spend less and save more because there are many benefits of saving more which financial freedom is one of it.

To be financially free You need to start building your emergency funds as well as retirement funds. You need to invest in assets and also buy properties, etc.

The thing is that you have to start saving. buying property and investing so that you be financially secure