This concept of financial independence presupposes a satisfactory financial level, with sufficient income so that each month is covered in terms of expenses and personal desires.
Being financially independent means anchoring yourself in a long-term process, being patient, constantly increasing your wealth and investing.
Being financially independent is not difficult if you learn to plan your money correctly. It takes responsibility and consideration to be able to save constantly and opt for correct strategies for spending financial resources.
To become financially independent you need:
– saving more;
– learn to invest;
– earn more by diversifying sources of income;
– patience;
– preparation for unforeseen situations.
The first step that must be taken on the road to financial independence is the evaluation of the current net worth. The next step is to want to increase this wealth by saving, saving which must become a habit month by month. To achieve this goal, you must apply the 20 – 50 – 30 strategy, i.e. 20% of income goes to savings, 50% to needs and 30% to wants
