SIMPLE STEPS TO FINANCIAL FREEDOM

Financial freedom generally means having enough savings, investments, and cash on hand that can afford the lifestyle we want for ourselves and our families. Also a growing reserve that will allow us to retire at any point or pursue the career we want without being driven by earning a certain amount each year. Financial freedom is living the life we dreamed about.

Below are simple and practicable steps that can put you on the road to financial freedom forever.

You must have a desire to be financially free. A desire to build a portfolio that can sustain you and your family for the longest time must be burning in your heart. That is the beginning of the journey, for where there is no zeal, there is no way.

You need a dream and a plan. A lot of people have big dreams of things they want to do but have no plan whatsoever on how to achieve them. You cannot get to a destination you are not prepared for. You have got to know what you need to get to where you want to go.
Seek knowledge for yourself. Do not outsource your investment and financial knowledge to third parties. Be interested in your path to financial freedom. Do not just hand over your money to an expert, who you think will multiply it after a certain period. Find out the investments that suit you, where you would like your money to go and grow. Take responsibility for your financial knowledge. You can do this by reading money/investment articles, watching related videos on YouTube, attending financial master classes, etc.

You need a source of income. Be grateful about the current source of income that you have, it is your primary tool to financial freedom. Your current source of income, no matter how small, is supposed to fund a part of your big dream. Don’t wait till the time you start earning six zeros or when you set out on your own before you begin your journey to financial freedom.

You need to stay disciplined. Know that you are not saving to spend but you are saving to invest and investing to build a solid financial portfolio. Spending to Consume (STC) is very close to STD, make sure you don’t get it. As always said, consistency is very key.

Let us together see the power of consistency using a compound interest calculator https://www.casafina.com.ng/calculator-compound-interest.html
Base Amount – 100,000
Monthly Contribution – 20,000
Tenure – 15years
Estimated Return /annum – 15%
Future Balance – 12,233,004

Magic right? This is just at the barest minimum, because over time, you would be able to increase your monthly contribution and even invest in instruments that would pay better returns. Slowly and steadily, you are building sustainable wealth for yourself and those after you.

Start by saving on www.saversclub.ng today.