Financial freedom is an end state that many people hope to achieve. Some do it by sheer hard work. Some do it by leveraging on others. Others use a variety of different ways to do so. The truth is, out of the many who aspire to achieve financial freedom, only a special few actually achieve real financial freedom doing what they do.Below are some of the factors that Russ Whitney, conveys each one need's to keep in mind to live a sustainable life in future:
Influence of Finance-
We live in a generation of globalization. The many influences through media and internet about the lifestyles that people adopt globally do impact how we regard money. The pictures on print media, images on advertisements and videos in movies do impact the way we perceive the norm of money habits. Saving money is definitely not one of the strong messages that appear anytime often in these media.
Trends/Lifestyle-
We live in a generation of consumerism. Shopping is becoming more convenient. We can do it at the brick and simply buy online with the simple clicks of our mouse. Our perception of money is to influence from global trends of lifestyle. This encourages easier spending and more dilute concept of saving money.Without conscious effort, it is easy to give in to these larger forces of influence and sideline your financial future.
Essentials-
What if the start to achieving financial freedom is something basic.If it is something simple enough that can be done immediately you need to put your actual effort into it.This simple start is saving money saving money is not the easiest thing to do for everyone.
Building Wealth-
Setting aside money is the basic first step to gathering enough capital to move on to grow your wealth. It is really important to learn to cultivate a good and disciplined way of saving money so that there is enough funds to keep for rainy days, invest or use for furthering your financial goals.
Reach Your Target-
One simple way to do so is to adopt the "save first, spend the rest" mentality whereby a fixed amount is always set aside for savings first when you receive your income. Whatever is left after you save can then be used for expenditures. Saving money alone is definitely not going to make you rich. However, saving money does give you the basic building blocks on which you can move on to larger goals like growing your wealth and reaching financial freedom.
