The equation of financial freedom is = passive income > expense
You can go for option 1: increase your passive income
There are 43 ways to increase your passive income
https://realpassiveincomeideas.com/43-best-passive-income-streams-opportunities/
However, I think less than 10% is able to achieve the goal due to several factors.
Option 2: reduce the expense. I think it is more achievable for majority.
According to the most recent research book, “rich habit”, 83% of the self-made millionaires chose option 2 and they live below their means.
So how to reduce the expense, one of best strategy is to automate your savings, you can direct part of your paycheck into savings accounts, retirement plans and investments
Through automation, you put yourself on autopilot for living below your means because you will be forced to live off of what’s left. Automation forces you to live below your means.
Becoming financially independent is a process.
The path you take, is the process.
Which path is right for you, only you will know.
But if creating a life of financial freedom is important to you, you must choose a path.
You can go for option 1: increase your passive income
There are 43 ways to increase your passive income
https://realpassiveincomeideas.com/43-best-passive-income-streams-opportunities/
However, I think less than 10% is able to achieve the goal due to several factors.
Option 2: reduce the expense. I think it is more achievable for majority.
According to the most recent research book, “rich habit”, 83% of the self-made millionaires chose option 2 and they live below their means.
So how to reduce the expense, one of best strategy is to automate your savings, you can direct part of your paycheck into savings accounts, retirement plans and investments
Through automation, you put yourself on autopilot for living below your means because you will be forced to live off of what’s left. Automation forces you to live below your means.
Becoming financially independent is a process.
The path you take, is the process.
Which path is right for you, only you will know.
But if creating a life of financial freedom is important to you, you must choose a path.
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