Prioritization and good planning is the key to financial freedom

[Stardom22]

For one to to be on the right track towards the achievement of financial freedom, they should learn how to spend less than the earnings by prioritizing on the most basic wants and embrace savings plus investing in the long run. What is your take with regards to that?

 

[magnus2022]

I totally agreed with you but sometimes the income is barely enough to foot the bills of essential needs. The basic step is building last financial freedom is to make more money! Saving is important but it is the person who have a reasonable amount will invest.

 

[Springtime]

To achieve financial freedom, you need self discipline. Never spend more than you earn. Other than that, you have to think of ways to make money and grow your wealth.

 

[eLdavis]

Indeed if you want to gain financial freedom, you need to take out time to create a well structured plan, know your needs from your wants .

 

[Stardom22]

Moreover creation of multiple income earning streams would really help one to reach their financial freedom with time.

 

[Augusta]

Budgeting, spending less than you earn, paying down debt, increasing active and passive income, saving and investing, planning for emergencies,

 

[Stardom22]

The accumulation of multiple income streams gives one better chances for financial growth and with good personal finance management can actually keeps one on the right track as far as the financial stability is concerned.

 

[Augusta]

Set financial life goals and create a blueprint for achieving them. Make a budget to cover all your financial needs and stick to it