Stop Surviving and Start Living!
Are you one of those people who is just coming by? Do you never seem to gain any substantial and definitive amount of financial resources? It is really not that hard to start working towards a better life!
[Image source: pexels.com]
Living in the Moment
Don't get me wrong, it ain't all about the money. I do see a lot of people spending all their money right now though, and living this moment 'to the fullest'. What does that even mean? To me it seems people are living their lives to the full extend of their bank account, or even beyond. Yes sure, travelling is important, socialising is too. Joining a club or a sports team might provide you with very important insights for the rest of your life. It may make you feel important, loved, cared for, looked after or even like you are a leader, influencer or contributing. I don't think it is smart though to spend all your financial resources in your 20s. There are many people who have more money at age 18 then at 30 which to me is insane.
Financial Freedom Tip
Ever since I have decided to start writing my book, I keep on running into little tips and tricks, many of which I will share here on steemit for free. This one is not about compounding, investing or whatever, just something to think about.
With the current valuation of dollars and euro's, how would your life change if you would have a passive income of $3000 or €3000 per month? More importantly, how many pensioners and retired people do you know that would have an amazing turn-around in life with an extra 3000?
Start thinking of a way to earn $100 a month for the rest of your life, by doing something this year. It could be investing in steemit, or in stocks, a company or a person. Be careful, because your investment may go bad if you don't investigate it carefully. However, if you manage to make $100 a month, steady this year. You can do the same next year, and the year after that. Within 30 years you have an additional $3000 a month to add to your pension.
Variations
You can also chose to do something different. How about earning $20 a month this year, another $25 the next etc, and start building that out. Soon you will reach the same amount :) Little steps will still make you climb the mountain. It may take a bit longer but eventually you will reach that top!
Disclaimer: none of the information is this article is financial advice, it's just my personal opinion. You are responsible for your own choices and should inquire the advice of an expert for your personal situation.
Очень воодушевляет! Спасибо Вам!
Most welcome @ivanzabolotin :) Glad to hear I've been able to inspire you!
Its possible to spend all of your earnings in the countries with strong social securities, but in a developing/under developed country there is minimum social security arrangement. So, we have to save for our old age or emergency crisis. So, we don’t have enough scope to live for today. But I am interested about financial freedom tips and waiting for this. Thanks in advance @markdeheide.
Hey @layesmia well for instance in my country, The Netherlands we currently have to work until age 68,3 before pensions kick in. By the time I'm going to be that age it will be above 70 years old. Also, I work as a solopreneur which means I don't have a pension fund, which is good because they are way too expensive.
The amount of money you get from the government is around $1200 if I'm not mistaken, when living alone and $1800 when living together. This is not enough if you are old and have medical bills. Therefore, I want to create my own financial freedom empire :)
Looking forward to having you aboard, and also please check out my previous posts about financial freedom :)
@markdeheide thanks for your immediate response. I am a Banker in Bangladesh and a bit tired of doing it. So, I am too trying to have financial freedom. Trying to be an entrepreneur. For sure I am going to go through your previous post about the financial freedom.
Cool! :) I hope to be releasing my full course on financial freedom soon! This will be an extensive course teaching everybody essentials about money that we are not taught when growing up. Very simply but powerful concepts :)
Eagerly waiting for this.
Cool! :) I will definitely post about it here on steemit once available!
You are a very insightful young man with strong, defined goals. Along with a plan! Obvious you will continue to exceed.
A wondeful example for all.
If you have financial tips for those of us much closer to Social Security, we'll be interested.