You may wonder what financial freedom is, because it seems a somewhat unattainable expression, which for many people can represent "making a lot of money."
When you see people with money who seem to have complete financial freedom, you ask yourself, "Will that ever be me?" Most likely, time passes and the desired financial independence does not come as quickly as you want. You have payment commitments that captivate your ability to save, perhaps you live "up to date" without considering options for a better future.
We ask you, are you working to really achieve that goal of making enough money to allow you to live without worries? Are your current expenses covered with sufficient margin ? Do you have room for extras and unforeseen events? Can you save? or do you regret making ends meet?
We are going to clarify a great truth. Building wealth is not about how much you earn but what you do with the money you have. It does not matter what job you do, what your salary is and what industry you are in. The bottom line is your attitude about money and how you treat it. Here are three attitudes about money that you should adopt before you can become financially independent.
1. Treat your money like chess pieces
We say euros as dollars, pesos or pounds or any currency in the world.
Yes, you should think of your money as if they were chess pieces that you must move strategically to. This means putting them to work in different ways. When you receive a payment, you must allocate a certain number of euros on the "chessboard" so that it works for you.
Treat your euros, your dollars, your pesos or your pounds like chess pieces and place them in strategic positions so that they will generate you more money. Do you see how this works? It can be a difficult habit to generate, but with a little practice you will see that making a good distribution of your money will become second nature. You will see every euro as an opportunity for financial growth. In fact, it is a bit addictive!
2. Avoid unnecessary expenses
Did you know that small leaks can sink even the largest ship?
They do not value small things. Well, we have news. Sixty euros of impulse purchases a week can turn into hundreds of euros spent on nothing a month.
You should put an end to all those impulsive expenses that you make that really don't add anything to your personal or family finances. For example, you could start by running in the street and doing some daily exercises at home instead of paying 50 euros a month or more for the fee of a gym that we always go to. All these expenses turn into thousands of euros a year that you could be using to increase your finances.
The sooner you determine what the small and unnecessary expenses are in your monthly budget, the faster you will realize how you can avoid them. Think, all that money that is spent on little things are euros that you could have working to increase your wealth, like chess pieces that they are.
What are you spending the most money on impulsively? Beauty and makeup products, clothing and footwear, outings and drinks, hair products, magazines, tobacco ...
How could you reduce your expenses to use that money to improve your economy?
How much money could you save by limiting your consumption of beer or tobacco?
3. Earn your salary and don't exchange hours for euros
You may be in a company that allows you to charge a good few euros for each hour of work, but ask yourself if you can earn your salary and increase your productivity to focus on the tasks that produce more margin, because they are more efficient. Maybe you can bequeath functions optimizing your time and developing your talent. In addition to adding more value to the company, you will help improve your career path.
If you have your own company, you are doing well and there are development opportunities, it is time to consider increasing your workforce with an employee that allows you to grow your business while he / she is dedicated to solving the daily operations.
For example, a client we advised had a real estate business and did all the commercial work of searching for properties and clients, in addition to doing all the administrative work, which did not allow him to search for other types of earnings and business options.
So not paying someone to take on the managerial and administrative functions cost him huge amounts of money and many opportunities for growth. Fortunately, he knew how to reorient his real estate and is now focusing on the most profitable management and commercial activities. Don't let this happen to you.