financial freedom is difficult

in #esteem7 years ago (edited)

We feel that achieving financial freedom is difficult, we must super duper success and tajir twist to be "free", but the way is quite simple and very achievable, we just need to ensure "assets" that melibihi "liability" you, we have to find something can cover the cost of spending without having to force you to spend time and energy such as working or selling other assets in your life. How to?
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These are the two most plausible and logical way to achieve:

1. Invest wisely (understand that investment is not gambling)

A person's fatal mistake in investing his money is that they invest as if they were gambling, while investment is a skill that can be learned, basically do not ever invest if you do not understand how to play, how cash flow works, especially if You have no control over it. Why do you want to risk your money on something you can not control at all? Not all things will always go according to our plan, but we can minimize the risks that exist by "learning", by knowing more detail and do deep analysis, I personally confused with people who dare to play investment without understanding its origin, whether it forex, crypto / bitcoin, gold, property, stocks, business, loans, and whatever it is, smart investors know exactly where the money goes and when the money will come back with more (anyway all investors in any field want one thing is the same money back in a larger value).

It can be said that investment is the same as a business, there is a big risk and needed skill to be able to generate the desired profit, many people say property investment / house would ga loss (land price will always rise and bla.bla.bla), property (which is often rumored to be the best investment because ga loss) can also be a loss, there are maintenance costs that we need to pay either taxes, take care of property conditions, and external factors that we can not control like the environment around deteriorate, natural disasters, become vulnerable and become non-strategic, and so on. So if you want to invest first understand what you are planting, LEARN.

It can be said that investment is the same as a business, there is a big risk and needed skill to be able to generate the desired profit, many people say property investment / house would ga loss (land price will always rise and bla.bla.bla), property (which is often rumored to be the best investment because ga loss) can also be a loss, there are maintenance costs that we need to pay either taxes, take care of property conditions, and external factors that we can not control like the environment around deteriorate, natural disasters, become vulnerable and become non-strategic, and so on. So if you want to invest first understand what you are planting, LEARN.

2. Start a small business / sideline that generates income passively

This way is more achievable and can be done by you who do not have money to invest, how can I start a business / business if you have no money, is it possible?