Why is it that everyone seems to talk about achieving financial independence, but few people get there? Well, because it takes definite, deliberate, disciplined and proven efforts to get there. It doesn’t just happen.
The best time to aim for financial independence is before you hit 30 years. Unfortunately, that’s often the last priority on the mind of this age group, as they’re often preoccupied with immediate luxuries and gratifications like buying a car.
Contrary to what most under 30 think, attaining financial security doesn’t suggest a life of self-deprivation. You can still have fun while at it. Here’s how.
Apps like B make it less of a chore taking control of your money. This money-saving app has clever tools, including a tagging function that helps you keep track of your spending and know it looks like it’s time to spend or save cash.
Take risks — calculated ones and seize the moments
it’s more prudent and safer taking risks when you’re young. You may get into a bit of some bumps along the way, but that’s okay. Mistakes give you more wisdom and better financial education than successes.
This should complement your disciplined spending and tracking lifestyle. Earn more and spend less. To earn more, make sure your income is on a steady increase as you go along in your career or business while you keep your spending at a moderate level.