All of us dream of someday being financially free. Money is certainly not the most important thing in the world but money affects every important thing in the world, as the author Bo Sanchez puts it. Money is not evil, but the love of money is evil. We are all stewards of money and we should learn how to use it and grow it wisely.
There are many steps in gaining financial freedom though I will discuss to you only four of them. First step is to give. It was written in the bible that we should give 10% of our livings produce to God and to his ministry. This is an act of faith. We should learn to give so we can also receive. When we give for Gods service we should be prepared for the numerous blessings that will come our way. Give and you shall receive.
Second step is to free ourselves from bad debt. We should avoid bad debt like bad virus. Bad debt is debt that does not put money in our pockets. Good debt works the other way around, it brings money to our pocket. A debt used to buy a sports car is bad debt while a loan used to buy a 30 unit apartment is good debt since cash in coming in your pocket in the form of rental. Avoid bad debts.
Try to sell something on the side while maintaining your current work. Selling is the like having your own small business; you're like a boss in your own company. Crafters and hobbyists are small business people that turned their hobbies into ideas that generate money. Today we can normally see homemade soaps, detergent, toys being sold on crafts fairs. Selling will allow you to learn fundamental financial skills that you may not have being an employee.
Fourth step is to wisely invest your money on various growth funds which earns a certain interest annually. You should also study to think about your own financial plans. How do you plan to retire? Do you have money in case you retire at around 60? Save and invest for that time so you can experience a worry-free retirement life in the future.
There are many steps in gaining financial freedom though I will discuss to you only four of them. First step is to give. It was written in the bible that we should give 10% of our livings produce to God and to his ministry. This is an act of faith. We should learn to give so we can also receive. When we give for Gods service we should be prepared for the numerous blessings that will come our way. Give and you shall receive.
Second step is to free ourselves from bad debt. We should avoid bad debt like bad virus. Bad debt is debt that does not put money in our pockets. Good debt works the other way around, it brings money to our pocket. A debt used to buy a sports car is bad debt while a loan used to buy a 30 unit apartment is good debt since cash in coming in your pocket in the form of rental. Avoid bad debts.
Try to sell something on the side while maintaining your current work. Selling is the like having your own small business; you're like a boss in your own company. Crafters and hobbyists are small business people that turned their hobbies into ideas that generate money. Today we can normally see homemade soaps, detergent, toys being sold on crafts fairs. Selling will allow you to learn fundamental financial skills that you may not have being an employee.
Fourth step is to wisely invest your money on various growth funds which earns a certain interest annually. You should also study to think about your own financial plans. How do you plan to retire? Do you have money in case you retire at around 60? Save and invest for that time so you can experience a worry-free retirement life in the future.
About the Author:
Mercie Hallow is a writer and a researcher on events in Travel and Leisure. Visiting events such as the Kansas craft fairs will open ones spirit on the beauty of the world beyond home's borders. If youre staying in Kansas, the author suggests checking out the Kansas craft shows for entertainments to make your stay memorable.
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