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Posts Tagged ‘10 Tips to Achieve Financial Freedom’

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 »