Each sane person as it allows to offer itself a set of prospects and opportunities, and, above all, not to depend on money seeks for achievement of financial independence. Many on the way to this purpose are stopped by laziness as this difficult task and for its realization it is really necessary to work hard.
How to find financial independence?
The first that it is necessary to make – to set to himself the object and to rise from a sofa. Generally, it is possible to allocate several stages in realization of such independence.
Financial hole. Many people, beginning the way, are in such state. Existence of debts, credits and other problems is peculiar to an unstable financial position. To leave a financial hole and to pass to other stage, it is necessary to take the following steps:
- Begin to save, try to cut down as much as possible costs quicker to say goodbye to all debts. Stimulate yourself with the fact that it is a temporary measure.
- If being at work, you had financial problems, so time to replace it with more highly paid came. It is possible to find a side job which will bring small, but stable income.
Understanding a subject how to reach financial independence, it is worth noticing that it is not necessary to agree to doubtful offers to earn the large sum of money, especially if for this purpose it is necessary to make certain capital investments. The number of the speculators earning from deception increases many times every year.
Situation of stability. At this stage it is worth developing more accurate plans for realization in the future. Time to create certain monetary reserves which will help in hard time or at unexpected expenditure and also to create sources of passive income came. Make for yourself a habit – to plan the family budget. Thanks to it it will be possible to distribute all income correctly. At this stage it will be possible to receive the first money from passive income already. The similar period occupies rather wide interval of time.
Financial independence. During this period of people completely passes from active income to profit on passive sources. At this time you should not stop finding new sources of passive income. Degree of financial independence can be considered on influence of active income on the general capital, the it is less, the better. Before refusing active sources, it is necessary to analyze and count carefully the financial positions and to draw a conclusion whether it will be possible, using only passive income, to live in comfort and in pleasure.
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