The ultimate goal of of the individuals in the corporate rat race is financial freedom. Freedom to do what your hearts desire without worrying about the monthly bills or debt that kept us working day in and day out. Freedom to enjoy your time with your family and freedom to travel as often as you like. It may seems like a dream, but it is achieveable. Below are some strategies that can be used for us to obtain financial freedom.1. Start a side business as soon as possible.
The strategy is to create as many sources of income as possible. If you depend on just one stream of income only, the possibility of reaching financial freedom will not be as quickly as you want. Making money out of your hobby is the best way to start.
2. Buy at least one property.
Peter Lynch once stated in his book One Up on Wall Street "Before you do invest anything in stocks, you ought to consider buying a house, since a house, after all, is the one good investment that almost everyone manages to make. I'm sure there are exceptions, such as houses built over sinkholes and houses in fancy neighbourhood that takes a dive, but in 99 cases out of 100, a house will be a money-maker."
3. Knowledge is everything.
To win a war, you must know the enemy inside out. To win a game, you must know the rules of the game inside out. To win the game of life, you must know the rules that govern our everday life. By reading books, and I mean real books, not newspaper, magazines and etc. you will gain the advantage of shortcutting your life experience by learning other people's experience who have gone through life before us. By knowing and learning other people's success and mistakes, we can make the right judgement beforehand and therefore leaping ahead successfully.
Knowing the strategies to financial freedom only gives you potential power. You can only be on the road to financial freedom and achieve it when you put knowledge to action. So, to achieve financial freedom, TAKE ACTION !
