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We all dream of acquiring wealth hence we believe that it is through the accumulation of wealth that we gain financial freedom. How hard or easy will it be to achieve when we were not born with a silver spoon in our mouths? Well, the best answer then is to invest. As an investor, you will find many products and many options to invest in. The 5% rule says as an investor, you should not invest more than 5% of your total portfolio in any one option alone. This simple technique will ensure you have a balanced portfolio.
Another way to achieve financial freedom is through the following:
1. Clearly define your financial goals, make a budget ;
2. Keep working on your financial literacy;
3. Track and analyze your spending;
4. Automate your money ;
5. Pay down your debts ;
6. See whether investing makes sense, and
7. Keep an eye on your credit scores.
Another way to achieve financial freedom is through the following:
1. Clearly define your financial goals, make a budget ;
2. Keep working on your financial literacy;
3. Track and analyze your spending;
4. Automate your money ;
5. Pay down your debts ;
6. See whether investing makes sense, and
7. Keep an eye on your credit scores.
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