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Archive for the ‘Achieve Financial Freedom’ Category

Today the dream of every person is to be rich. We live in a consumerist world makes us work more to earn more while spending the money on unnecessary luxuries. When you ask people what their purpose or do you want for your life, a large percentage going to say, to be rich.

But there is a more important than being rich is financial freedom. But what is financial freedom? Financial freedom is to generate passive income greater than our expenses. Passive income is that income generated without you having to work for them personally, revenues from their investments.

People just want to be rich to spend more, do not apply in your life concepts such as savings or investments, and the greater their level of spending more will have to work to maintain that standard of living and less time will have to enjoy your family and things that make them happy.
To achieve financial freedom there are certain steps that must be met, a process that takes time, is not achieved from one day to another.

Steps to achieve financial freedom.
As a first step is important to generate income, assets, which are the revenues gained by the work activity being performed, either a salary for their work or the fees received by a professional. Read the rest of this entry »

Money is what we need to bring food home to rent, to dress and have fun. It’s our money and we can do with what pleases us but for some reason some people still do not understand, and much, speaking evil of money, say money is the root of all evil. Obviously the result of illiteracy, disease and hunger is poverty or at least can be reduced easier with money.

People who think money is the root of all evil, he must be thinking of the love of money and greed.

Therefore we must be sure to make money honestly is a desire to honor and has nothing wrong with thinking about how to engage in money.

Positive Mental Attitude

The first thing we do is convince us that if we can be rich, have the ability to be richer and even more happy that we will be people who think to make money and not have to work on schedule and exhausting to be rich. Read the rest of this entry »

9 – The magic long ago, start as soon as possible:

Many know that I am quite young, but it is important to learn to start soon. Investing does not take long depending on the degree of investment and can be a great help as we study and work.

Even as a young man starting to save some money you can save interesting to begin investing, much better than starting late.

10 – Be humble and know your limits:

It’s easy to get bigger when the market is rising. But the true risk tolerance only know when you have experienced the ravages of a bear market. Decisive action can be useful at work, but when investing is better to be humble.

In closing I would like to add a rule or Tip number 11 which I think extremely valuable and that every investor should as your money grows. Read the rest of this entry »

4 – Learn to buy with your head:

We have many incentives to buy compulsively. Probably heard about the United States population is in debt for life. They live in a consumer society far stronger than us, do not fall into the same pit.

To do so, before making a purchase really think, evaluate the situation. I know many people who compulsively spends saturated even your credit cards, many of these people earn up to 6 times my salary and I was amazed to see how indebted they are. They are the kind of person that even if you earn $ 5000 per month, believe that because the cards give an upper limit on his salary each, have the cash.

5 – Learn to save is as important as saving:

This part is interesting. You make the decision and is willing to save in a sustainable and lasting. But the problem is how to save.

In the case of Argentina had a 10% annual inflation in recent years. This means that if you do not get to work (invest) my savings, I will lose 10% of my purchasing power for years. Here is a great example, you have saved $ 10,000 more each year that money “numerically” is the same, but lost “value.” Stand still and see how they consume their savings without even touching them. To save and better off spending the money on other things. Read the rest of this entry »

In the latest edition of Global Investor magazine came out a little article with 10 things you need to achieve financial independence. These 10 tips are good to remember from time to time and as a guide. While many of the issues discussed in the blog, it is common to forget them.

So then the 10 things you need to know to be financially free:

Tips:

1 – Make more money does not always solve things:

Many believe that the key to solving financial problems is to earn more money. Tired of debt, unpaid bills or financial fear for the future, is believed to earn more money will solve these problems.

The way we handle our money is more important than the amount we earn. Obviously we’re talking about a midpoint, it is true that very low pay brings problems.

Perhaps by way of example I am the perfect case. My salary did not change anything in the last 2 years, except for a small but insignificant increase compared with the expenses he had. Today I am not a billionaire, but my financial situation is much better than when I started to work. Today have a few small savings to reinvest and I hope that starting small, can get more steps up road to financial freedom. Read the rest of this entry »