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Financial freedom is a term generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities.[1] For financially independent people, their assets generate income that is greater than their expenses.
This blog primarily aims to help its readers in achieving financial freedom through increased financial literacy, and offers financial products that will actually help you cross that bridge to your dreams.
For me, as a wife and mother, financial freedom is being able to take care of my family full time. It is being able to send kids to school through World Vision, doing volunteer work every summer, going to Anawim every first Saturday of the month -- without worrying about expenses.
For me, financial freedom is not being tied at work just because I am dependent on my salary.
As I have read on a Facebook post, "Money can enslave through keeping us in bad jobs, bad relationships, or depriving us of our dreams."
Money does not buy happiness. Money buys freedom.
Acquiring sources of passive income yields potential of financial independence.
Passive Sources of Income to Achieve Financial Independence
- Business: Traditional, Franchise, Networking, etc.
- Property: Rental Property, Buy and Sell, etc.
- Paper: Stock Market, Mutual Funds, Bonds, etc.
Invest in Paper Assets
Not everyone can buy real estate right away, and have the capital to flip a foreclosed property and turn it into a rental property.
But anyone who earns ordinary income (salary) can start investing in paper assets, and invest in the stock market. It requires only a small amount to start investing.
Do you know how small?
The maids of my mentor, Bo Sanchez, invest in the stock market. He has written about this in his book My Maid Invests in the Stock Market and Why You Should, Too. To get a copy of this eBook for FREE, click HERE.
If maids could do it, then anyone could do it, too.
My prayer is that you achieve financial freedom and be able to spend time with people you love, doing things that you love.
P.S. Do you want to invest in the stock market directly? This is where you learn about the Peso Cost Averaging and choose which stocks to buy, when to buy them, and when to sell. Then sign up at Bo Sanchez' Truly Rich Club. They will teach you the simplest and most effective way of investing in the stock market. To become a member, be financially and spiritually blessed, click HERE.
P.S2 Do you want to invest in the stock market but do not have the time to learn how? Then invest in the stock market indirectly. Let a fund manager do that at a minimal fee. To choose which financial product is perfect for what you want and need, fill up our form HERE.
P.S3 If you find this post helpful, please click the SHARE buttons below.
Reference:
1. Cummuta, John. "The Myths & Realities of Achieving Financial Independence". Nightingale Conant. Retrieved on 14-Sep-2009
