How to Achieve Freedom From Money: A Step-by-Step Guide


   

  • THE PATH WHICH LEADS TO FINANCIAL FREEDOM 

In this blog, we are going to talk about the poor mindset and the wealthy mindset. What is the main difference between these two and how to it affect your financial condition. How you can improve your mindset and how to begin the journey of begin wealthy. here are the seven stages which you have to achieve on the path of beginning financially free. 

  • What We Are Talking About
So I am here and spending a few hours researching how to become financially free and I found a book known as FINANCIAL FREEDOM by author grant Sabatier. he becomes financially free at the age of 30. So if you want to become financially free in your 30s or late 20s  this blog going to help you a lot.  so we are following the path and learning how to become a wealthy man rather than begin a rich one.

  • This Blog leads by author Grant Sabatier.
So The author passes out from a very good college and works in a company that pays a good amount of money to him. Doing everything good in the eyes of society and best for a young man. But the reality was some thin different he was in very bad condition and struggle a lot in his. He lost his job after he go to his parent's house and live with them which was so shameful for him. and he 
have just 2$ in his bank account and didn't have a palace to hide his head. all this happen when he was just 24 years old.

But at the age of 30, He ad 1.25 million $ and know he become financially free so how he do that in just 5 years. He told his secret in his book and this blog was based on that book.
  • How to break the prison 
find where you stand and how much money you need to become financially free.
and the formula is your net-worth X 25. the amount you need to become free and this money earn you money like your net worth was 60k X 25 stands for 1.5 million dollars you need to become financially free. So how you need more means how much you have now and subtract it from the money you need like you have 200k. Know you need just 1.3 million ik it was a very huge amount but you have 5 years for that. 


So now we are talking about how you achieve that goal. there are 6 checkpoints
for you. You had to make baby steps when you start then we move like a hypercar and earn 100k a quarter. that going your main goal at the end. 


   1. clarity: you had to know where you stand and where are you. And how far you are from your goal. make a list of Assets and liabilities and see how much debt you have like loans. 

  2. self-sufficient: now you can pay your monthly bill and you no longer stress about it. And now you have no big loan and you are now stress-free.

  3. breathing room: you no longer depended on you a monthly salary you have a side income that helps you with 40 to 50 % of bills and left money for saving and income 

4. stability; finally you have that much money that you can survive for six months .for the next six, that ensures that you had less stress and you had time to do things that you had to do for getting free

5. flexibility; Is the position when you have that much much money that helps you live life easier for like 2year and more years .and helps you get to try something different . in your life and get serious about mixing multiple your wealth

6. financial independence; now you are in a position where your salary is lesser than your hustle income know you had to leave your job and get retained and stabilize yourself in the order of income get you had just one sleep behind to live life freely 

7. an abundance of wealth; you had that much money that you never think about money for the next few generations. and you know you do less work and get more income. and you can just invest and earn money 

there is the stage of becoming financially free. and help you to know how money works and earn money 

The step you take to become free  

1. Calculate your net worth: The money you need to free yourself from this prison. The amount that was found by your net worth  X 25 is the amount your net worth. 

2. Calculate your net worth: your net worth is the amount found by assets divided by liabilities. you get shocked when you saw that you have more liabilities rather than assets. 

3. Know The value of time. you had to know the value of time. you find out it by your working hour + traveling hour divided by your salary income. 

 Let me tell you a story you had to buy a car you choose a super luxury car and it cost around 48,000 hours to pay for the amount of car and if you choose to buy a value-for-money car which just cost around 34,000 hours and you thought what car you had to buy. 

The choice is yours.

4. spend carefully: know you know the value of your time so you had a mark how much you had to spend in a day, week, or month to save that much money that helps you to become financially free  

5. Earn more by side hustle: you had to earn more money just because you had not that much to save that amount to earn 1.25 million $. so have a side income that helps you to invest more money 

6. Invest intelligently: INVEST carefully and have a good amount of side income you have a good source of money and it can surpass your net worth and you can earn your 

7. Enjoy your retirement: Now you had that much amount that you are never worried about money anymore and you had a good amount 

#tip invests that money you had earn money in stock and if you have 7% of  1.25 million means. now you have now 80,500 $  

Here the blog end all the info given in this blog was taken from the book FINANCIAL FREEDOM by GRANT SABATIOEN. All the info is taken by this and the author achieves financial freedom at the age of 30. he was a great personality.