Have a financial freedom?
By liftyouup
@liftyouup (86)
Philippines
May 24, 2010 11:22pm CST
how to attain a financial freedom..I have a friend who is working for 12 years in an office but yet he doesn't achieve financial freedom.
He need to wake up early in the morning to go to the office and have an overtime to finish the job..where is the freedom?
I am luck to have a small business..I am earning a little..I want to have a greater opportunity..but investing is not a joke,and courage is not enough for an investment to be profitable..Is financial freedom possible for those who have small capital or zero capital..?
And the easy way for those people is to be an employee..SAVING COULD BE A POSSIBLE KEY..but how?
20/80, 70/30 method with the increasing price pf commodity..well practically we need to satisfy first our need to survive..
do you have any other means?
1 person likes this
5 responses
@aguas_aj (498)
• Philippines
19 Jun 10
Well, now a days, it very hard to have financial freedom, but certainly there are ways not to overboard to what you can afford. If you're a person who wants and needs a lot of things, neither work or business won't work from you. You'll always be Financially hand-cupped. But if you will limit yourself to what you need and little of what you want, they you can financially save and be freed from debts. and might later enjoy good things in life.
Now, if the issue is freedom itself, well having a business is most likely the best thing, because you can opt to have workers to overview some things you may want them to work on when your into vacation..But then again, financial freedom depends on your act and decision
@puccagirl (7294)
• Israel
22 Oct 10
I think you have a very important point here. Financial freedom is more easily achievable if your costs are not huge for sure. So downsizing and minimizing your costs is a great first step towards financial freedom for a lot of people for sure!
@puccagirl (7294)
• Israel
22 Oct 10
I think financial freedom is possible for everyone. That may sound strange to some, but the truth is, that even long time savings can get you there in the end. But most people choose to not go down that road, because it takes a very long time. So a quicker way is for sure to start your own company and be an entrepreneur. But even if you do not do that, financial freedom is still possible, you just need to be clever with your money!
@med889 (5941)
•
27 May 10
It is to be independently financial, we can be student but if we want to be financially independent then we have to work at the same time like many others do to stand on your own feet and in your case is to search in the job market to see what are the advantages they offer to you.
@juggerogre (1653)
• Philippines
26 May 10
One way is to open your own business like what your doing right now. Another way is to save not in a savings account because the interest is not high enough versus inflation but in a mutual fund or investment. Invest your money. Go to a trusted financial company and start investing there. You can start with the minimum amount and then just add monthly or quarterly, etc. There's always risk for investments but the higher the risk the higher the returns. Talk to a qualified financial adviser for a more detailed explanation for mutual funds. Or you can start by googling it. Good luck.
