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Personal Finance and Financial Freedom

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@mojubare
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Have you seen people who tell other people they have the secret to getting rich? I mean people who sell books, videos or podcasts on how to get rich while they are also struggling to get rich and will need money from buying the book to be add to their wealth bowl.

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Do not be deceived, there is no secret method to getting rich.

The truth about this is that people who want to sell how to be rich to you wants to actually add to their wealth streams of income. In this post I am looking into the financial lives of people and I will be explaining a few things about getting your finance right for free and not getting rich quick scheme. There is no simple way to improving your finance but to follow a systematic pattern which includes

Write a Budget

If you do not have an organized life of manner of spending, you will not have a straight forward finance and thought. You need a plan on how your funds will be spent and when you want to touch it. You could let your budget be in ratio or fraction or percentage whichever one you feel comfortable with. You should have a plan on how much you should spend on food, savings and investment. You need to be able to think. You need to set a plan budget, as well as write out where every single amount of money received is being spent.

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Educate Yourself

Education doesn’t end at the four walls of a class, you need to get financial education and without that you will not have an understanding of what you are in and what you are about to do. Gain knowledge, invest in yourself and your financial life, understand how money should be used and start looking at how your life can change.

Invest to Grow your Money

Investment doesn’t often pay off in six months or a year in most cases, it takes years to build up and in other not to get tired is why you need to educate yourself and understand how it works. Grow your portfolio gradually by investing in a lot into growing it. It takes a lot of time to learn about investing, it takes time to implement it, it takes time to grow the investment before making profit.

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Create More Passive Income

You need to grow your investment so you do not keep working for a very long time. You start investing in businesses to get passive incomes. You could buy a particular amount of shares in a company and get a major stock percentage, all you need to do is get a CEO who runs the affairs of the company while you stay at home and check the growth of the companies regularly or buy shares and just get dividends from the investment which serves as a passive income.

Conclusion

Depending on a paycheck before doing anything is not a good idea, we cannot all own businesses, but we can all save a part of our income for passive investment purposes and passive incomes in real estates, shares, or bonds is a secured future and will bring other streams of incomes in the future.