Who doesn't want to be financially free and want to live freely? But is it possible for everyone to be financially free, at the age when they really want to do that? There is a huge difference between the rich class and poor and middle-class families. The concept of getting rich is followed for years and the same for the other classes too. It is really hard to become rich from 0 those who did manage to achieve that I salute them. I have seen one thing if you do want passionately then one day the thing will be in your hands. That totally depends on how dedicated you are.
So if you want to be financially free in an early age then there are a few things you need to follow if you really want to. I am not saying that you have to save everything you do earn and leave alive when you can't even enjoy your life now. That is not a good way to leave your life because life is so uncertain you never know what is gonna happen tomorrow or maybe in the next minute. This is a boon to all humans that we can't see the future. We can only predict and analyze that based on the current situation or current conditions.
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Want to earn this much money so that I don't have to look at the price to buy things. Which I usually do.
There is a huge gap between a successful person and an unsuccessful person in terms of wealth and health as well. We do see these days many YouTubers or Instagram influencers have amazing bodies but have you seen them three or four years before? I am sure they don't look like that before, so the thing is simple we all do need time to polish our skills or we do need time for everything we want to achieve in our life.
Either it's freedom from your job or freedom from other things or you and good physical appearance. Every single thing does need time the more you spend the better the results would be. This does apply in health but in terms of finances, it is really hard to predict but can happen in the future. Even if you are regularly very conscious about your health there is no guarantee that in upcoming years you will get a good body shape. Because I have seen so many peoples who used to be very conscious about their health and their physics but something did happen to them due to that they are unable to work on their physical appearance anymore.
Let's take the example of Hive, we do see so many big accounts that are earning a good chunk of money just to buy curation but we don't see how much they have invested on this when the price was down or maybe when the price was at their all-time high. So we used to judge someone by they are current scenarios or situations and try to investigate further more deeply before we make any judgment. Not all on the hive are investors, we do need all types of people on the hive ecosystem. If you do spend time here you will see the results and this applies everywhere. If you are working on your skills maybe you do feel it is a bit hard at the early stage but as time will pass you did get used to it and soon you will be an expert on that.
The only thing you have to do is to be regular it doesn't matter but you do even if you do and plate there are so many peoples who are never professional gamers and now they are running a good of money from that too. So opportunities are everywhere you just have to look for them if you do want to be financially free early then you have to follow some rules from today. If you are earning then thanks might be easy for you let's just start from 10% of your income and save it. And try to invest that 10% of the money at some places where you think you can get a good profit don't try to put all the money in the same place that is very risky.
I am not saying Crypto is only risky even stocks are risky and you can't even trust banks these days I am sure you have heard so much bankruptcy news this year. So basically money is not safe at all anywhere literally, but we can make plans to manage that and try to diversify your portfolio. If you see these days IT companies are in a boom but you can't say that they will be like this for more years maybe or maybe not. Just try to diversify and invest in future technology like AI or solar energy or wind energy or electric vehicles. Just a suggestion this is not a recommendation by the way 😅.
The struggle phase is so tough to handle not all are able to handle this kind of situation in our life. I have seen so many big businessmen taking their lives when they are full of debt, some of them used to be very famous at they are time but unfortunately, they didn't manage their funds properly and in the end, they have to sell their assets and properties to repay the amount to banks.
Sometimes too much diversification can be risky too, the more assets you have the more time you need to manage them. Let's say your portfolio does have 100 shares of 100 companies at this rate you do have one percent of each hundred companies in your portfolio. You do have to look over the hundred companies from time to time. That will be time-consuming of course. You only have 10 shares on your portfolio which consume around 10% each then it will be more handy for you to manage because 10 is way more less than 100 shares. what do you think?
Not financial advice
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see you in the next post, till then keep learning and keep exploring...
My splinterlands referral
My Golem Overlord referral
few posts from my past that might be helpful for you.
wish me luck 😅
Thanks a lot for staying till the end 😃🙏, let me know what you think.
Never forget one thing you should be grateful for because what you have someone has a dream of that. So learn to be grateful. Be Thankful.🙏😀
Thanks a lot for being here, let me know what you think.
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Thanks & Regards
@bhattg
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