This is for anyone who has debt and low savings. Here in this post I will divulge the secret quick magical easy tricks to wealth and financial independence. What I am about to reveal to you will change your world. By putting this plan to work you will achieve the financial independence you dream about. All the freedom to pursue the life you have always wanted.
If you read financial independence and early retirement articles and bogs you probably see the same old thing going on and on about what it takes to reach financial independence.
Pay Yourself First.
Paying yourself first by setting aside a percentage of your income should be a life priority. It should be started as early as possible. Start with 10% and then as your finances allows increase your savings rate dramatically. Always look for ways to increase your income. Consider side hustles to bring in extra money. Wealthy people pay themselves first and poor people pay themselves last. You must develop the saving mindset. Once you fully reach it you will know. Because saving for your future becomes ingrained into your DNA. A habit that you don’t even think about any longer. Invest more aggressively when you are young. Then diversify, changing your investment risk strategy as you get closer to your financial independence number.
Pay off all debt.
The way to financial independence is by having a low monthly lifestyle cost. Paying monthly debt for stuff you bought long before is not going to help with that. Get rid of it all and then send all that money you were paying others to now pay yourself. This is how you accelerate your wealth building.