Financial freedom is an ideal that everyone desires. When you are financially free, of course it’s possible for us all to buy whatever we need within reason because there isn’t any doubt about our lifestyle anymore–everything can be fulfilled with just cash flow! To achieve this dream though requires more than simply managing one’s finances wisely; instead you must learn how to save money while still working on other strategies such as investing or starting a side-hustle to make sure you have enough money to meet your personal goals in life. Are you trying to get a handle on your finances for the first time? It can be challenging, but you can get started now by reading my list of the best financial literacy books Or check out “Financial Freedom Blueprint” below to get more tips.
Today many young people or millennials may find it difficult to save. Some choose to spend their money on a competitive lifestyle. Financial freedom itself is a condition where you are free from financial burdens because your assets or wealth are able to meet all your needs without having to work harder. Usually, if you are financially free, your assets can generate money whose value is greater than your living expenses. Achieving financial freedom does require patience and you must be ready to follow the process. What are some tips from the “Financial Freedom Blueprint” for achieving financial freedom?
| Image | Product | Details | Price |
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A Beginner’s Guide to the Stock Market | This book will teach you everything that you need to know to start making money in the stock market today. | Check Price |
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The Psychology of Money | Doing well with money isn’t necessarily about what you know. It’s about how you behave. And behavior is hard to teach, even to really smart people. | Check Price |
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How to Adult: Personal Finance for the Real World | An essential resource for a high school graduate, college student, or any other young adult who needs to prepare for the financial realities of adulthood. | Check Price |
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A Beginner’s Guide to the Stock Market | This book will teach you everything that you need to know to start making money in the stock market today. | Check Price |
Pros And Cons Best Financial Literacy Books
Pros
- Written by Matthew Kratter who is the founder of Trader University
- Comes in kindle edition that makes it easy to read and accessible anywhere
- The book teaches everything on how to start making money in the stock market
Cons
- Not suitable for beginners
Learn to Manage Finance
As mentioned above, you are indeed required to learn to manage finances from “Financial Freedom Blueprint”. Don’t let your expenses outweigh your income. Especially if you have a consumptive nature. You must be able to plan your financial budget wisely so you know what to prioritize to buy and what not to buy. If there is something that must be paid in installments. This is still included in your budget, yes. The goal is to maintain a stable financial condition.
Understand Your Financial Condition
Achieving financial freedom does not have a condition of how old you are. The most important thing is how much you earn and you can manage it. Financial freedom is also not measured by the value of your income. Whatever your income, can it meet all your needs? Determine your financial goals.
What is Your Financial Goal
Another thing that is no less important is knowing your financial goals. Because in general, in managing finances, you need a strategy to achieve it. For example in month A you can save 10% of your total expenses per month, try next month if you can save more than 10%. Prepare your monthly budget wisely. Don’t spend money on things that you can put off.
Invest
To make your money work to make money, you can choose investments such as mutual funds, gold, property, stocks, p2p lending, or bonds. If you want a high return, choose stock investments. This is a blue-chip stock recommendation. Every investment instrument has its own risks. You can also learn about it by reading “Financial Freedom Blueprint”.
