“Financial Independence” is something that every individual looks up to or wants. We educate ourselves or our children just to see them financially established. The basic concept of education comes from the fact that we want to be successful, get a job, and be economically independent.
When you think of starting your journey to become financially established, you must be scratching your head as to where and how to start. But you don’t need to do that; just sit back, relax, and give it a deep thought. Think about how you can proceed and what if you can not proceed. In short, make your plan A and Plan B ready; if in case of plan A does not work, then switch to plan B.
Here I will guide you with five very easy steps that you can take to make yourself financially independent.
Take A Look at Your Reality
What is your reality? You know that best. Do you think that you will be able to earn enough money with whatever quality you have? Financial independence can only happen when you have lots of money. We can not say that financial freedom depends on employment; even self-employment can make you independent. But you need to analyze your values and quality very honestly. You need to make your own list with parameters like income, expenditure, medical expanse, children’s education, etc.
You must be very clear about your goals in life and know what you want in life and how you can afford to be financially independent. Especially if you have bitcoin, then you must try bitcoin rejoin or other digital assets that you have.
Plan Your Future Today
We do not know what store is in our future, but at least we can make some savings for our future or maybe some plans since we do not know what we have. You may not be able to plan the whole of it, but at least plan what the goals that you need to make for in the future are. You must always think of your old age and keep a certain amount of profit or earning for post-retirement.
It would help if you also thought about your family and your children. Hence you must consider everything in mind and then plan them likewise.
Track Your Plan
Now just having a plan is not enough; if you are planning something, then you need to follow through. It isn’t brilliant if you think your profit will happen. Nothing happens; you need to make it happen. Once you invest and you know that your plan is working, then you will have to track it.
Especially if you are planning to spend in bitcoin, then you need to track your investment. You will have to find out how and when some of the investments will be matured. Once you know the time and maturity period, then you can start tracking them.
Consider Changing Your Plan
After a few months, if you feel that your plan is not working well, then you can give a second thought to your plan. You can consider changing your plan. It depends on you solely to decide what kind of change is required and how you can make such changes in the plan.
Learn from Your Mistake
Humans make mistakes, but it is decisive that you need to learn from your mistake. In the initial days, you will make some mistakes, but you need to think about how to get away from it. Once you make a mistake, then you will have to make up your mind that you do not repeat such mistakes.
Content to Revise
What is your reality? You know that best. Do you think that you will be able to earn enough money with whatever quality you have? Do you know how to use a tax calculator to estimate your refund, or use financial planning apps? Financial independence can only happen when you have lots of money. We can not say that financial freedom depends on employment; even self-employment can make you independent. But you need to analyze your values and quality very honestly. You need to make your own list with parameters like income, expenditure, medical expanse, children’s education, etc.
While I conclude my article here, I would like to tell you that this is just guidance that you can follow. If you have anything else in mind, then write in the comment section below and let me know.