You are viewing a single comment's thread from:
RE: Financial Freedom : Growth | Future | Preparation | Motivation
We are on a similiar path my friend. This is a great article and I seriously agree with every point in here.
Many people view entrepreneurial ventures as simply a way to replace their income so they can quite their job. That is fine, but I want to take it one step further, and it sounds you do as well. True financial independence isn’t just barely making enough to pay the bills, but it’s having a stash of wealth that is working for you and making you money.
Cutting expenses can certainly help, but increasing income is probably going to be a more effective strategy.
Thanks for the great read!! It’s exciting to meet others that are on a similiar journey!!
Cutting expenses was primarily so I could put the money towards future growth.
It's funny, now when I see something I want, I always ask myself two questions. Do I really want it, or would I rather take that money and invest and grow it. It was the little things for me that really added up (fast food, certain groceries). Opting to not spend on these non essential things and make sacrifices has really made a difference and allowed me to put more money towards investing.
Also, increasing income by all means is going to be more effective and will allow more flexibility. That is the goal here!
The journey will be long, and have its bitter and sweet.. but I am really looking forward to the oh so sweet and rewarding end.
Thanks for checkin out my blog! I really do appreciate it.