Stephen Lau
Financial Freedom
Stephen Lau
Copyright© by Stephen Lau
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Life is full of changes, and the art of living well is your ability to adapt yourself to these changes to make the best and the most of what you have. Financial freedom facilitates you to make these meaningful changes in your living for life.
Financial Wisdom
Financial freedom begins with financial wisdom, which utilizes your resources not to accumulate wealth but to enjoy what you have. Money is a means to an end, and not an end in itself. Financial freedom is positive personal finance that gives you not only more freedom in terms of financial options but also greater protection in difficult economic times. In other words, financial freedom salvages you from undue financial stress, which may adversely affect your overall wellness and well-being.
Money is a big stress factor in life: not having enough money to make both ends meet is stressful, but having too much money may also create stress.
Financial wisdom is knowing the true value of money in your life. Many people simply know that money can buy the things they want, but they do not have financial wisdom in that they do not know the true value of money, and what money can do to their lives.
Financial wisdom begins with living a simple lifestyle. Essentially, it means knowing what is enough is enough -- anything beyond the need is a want. Buy the things you need with the money you have, and never the other way around, which is buying the things you don't need with the money you don't have. Financial wisdom is just that simple!
With financial wisdom, you will achieve financial freedom -- it is only a matter of time, and a matter of willpower.
Financial Freedom
Achieving financial freedom is not only a wish but also the ultimate goal in living for life. To attain financial freedom, you need to consider the following:
Financial Wisdom
Financial freedom begins with financial wisdom, which utilizes your resources not to accumulate wealth but to enjoy what you have. Money is a means to an end, and not an end in itself. Financial freedom is positive personal finance that gives you not only more freedom in terms of financial options but also greater protection in difficult economic times. In other words, financial freedom salvages you from undue financial stress, which may adversely affect your overall wellness and well-being.
Money is a big stress factor in life: not having enough money to make both ends meet is stressful, but having too much money may also create stress.
Financial wisdom is knowing the true value of money in your life. Many people simply know that money can buy the things they want, but they do not have financial wisdom in that they do not know the true value of money, and what money can do to their lives.
Financial wisdom begins with living a simple lifestyle. Essentially, it means knowing what is enough is enough -- anything beyond the need is a want. Buy the things you need with the money you have, and never the other way around, which is buying the things you don't need with the money you don't have. Financial wisdom is just that simple!
With financial wisdom, you will achieve financial freedom -- it is only a matter of time, and a matter of willpower.
Financial Freedom
Achieving financial freedom is not only a wish but also the ultimate goal in living for life. To attain financial freedom, you need to consider the following:
| • | The Attitude Factor What is money to you? What is your attitude toward money and spending? Are you generous with your money? Do you have a right attitude of reality -- or are you worried about tomorrow? Whatever attitude you may have about money, and irrespective of how much money you have currently, you must develop an attitude of gratitude and thankfulness. If you have an attitude of complaint and unfairness, change that attitude into a positive one through daily self-suggestions and powerful images. Without the right attitude, you will never attain financial freedom. |
| • | The Health Factor How healthy are you at present? Your health conditions may play a pivotal role in your financial freedom down the road if you are going to incur big medical bills |
| • | The Debt Factor To become debt-free is one of the financial goals in financial freedom. Do not run into debt. Consumer debt is the Number One financial stress factor in life. Do not buy what you don't need with the money you don't have. Do not fall into the trap of buy-now-and-pay-later. Do not spend more than you can earn. Turn your hard-earned dollars to serve yourself, instead of the credit card companies. Learn how to turn Debt to Wealth. |
| • | The Savings Factor Focus on saving, instead of saving. Always find money to save, such as changing your living habits or reducing the frequency of shopping. Always pay yourself first! Paying yourself first is prioritizing your spending. When you have less, you will spend less. Expenditures will always rise to meet the income. It is just that simple! Not having much money left to save only perpetuates the difficulty to save. Pay yourself first: set aside a certain amount of money each money before you pay others. Learn about Living on a Dime. |
| • | The Asset Protection Factor Protect your asset with some "safety nets." Certain coverage is necessary, while others may be superfluous. Review your coverage to make the necessary adjustment. |
| • | The Passive Income Factor Build a passive income for lifelong financial freedom -- an income that will outlive you, not the other way around. |
How to Maximize Income for Financial Freedom
| • | Earning Income from Employment In spite of the current dismal unemployment environment, you may still get employment if you have the know-how. Overseas Jobs: Premier resource for overseas jobs in Caribbean and Cayman Island. |
| • | Earning Income from Hobbies Make money from your hobbies. All you need is the know-how. To illustrate, if you are interested in photography, set up a business to turn it into a money-making machine for you. Sports Photo Success: Take photos of kids in sports, and start a photo business with step-by-step guidelines! If you are interested in art, turn your art into a business. Art for Everyone: Get art lessons from the celebrated artist Bennecelli, who shows you how to make money from your art and calligraphy, turning it into a profitable home-based business. |
| • | Earning Income from the Internet Create your own website to sell products on the Internet: sell on eBay, promote affiliate programs, give opinions and surveys......the sky is the limit! The criteria for a successful home-based business are: huge demand, low maintenance, low cost, no inventories, no employees, and repeat business. Real Home Business Ideas for Moms: Get real home business ideas for Moms! Working at home requires focus and dedication. If you have these qualities, go for it! |
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