The Ways To Living A Life Of Financial Freedom

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In life, the aspect of finances is not an aspect to be taken with levity. To live a life of comfort, it start with our state of finances. The difference between a poor man and rich man is the state of their finance. To live a prosperous life, a man must learn to manage his or her finances. If a man is rich and he or she does not manage his or finances well, such person will soon end-up becoming poor.

There are series of lessons I have learned while growing up which have really been of help till my adulthood stage.

I remember while growing up, whenever visitors gave us money, my parents do ensure we keep the money to buy something valuable. I remember I was able to buy valuable things like a scientific calculator, wristwatch, diary, and more. I got used to this till I got to secondary School. I remember saving some part of the money given to me to buy snacks to buy things that were beneficial for me. Little did I know that all this is training in the act of saving.

Growing up I got used to saving a portion of my monthly income. It was so convenient for me because it's an act I'm used to. A man that doesn't save is likened to a farmer who planted maize and ate all including the seed that was meant to be used for planting in the coming season. We can see that such a farmer would suffer when it's time for another harvest. Saving is one major financial lesson have learned and can't do without. It helps during times of emergency and it's a way of living in financial freedom.

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Another lesson I learned is budgeting, I ensure I budget all I need for the month, this helps in making effective financial planning. Once I make a budget of all I need, I make sure I adhere to it strictly, this helps in controlling impulsive spending. When budgeting I budget based on my monthly income. I don't budget above my monthly income. When there is proper budgeting it saves you from entering into unnecessary debt. As we all know, a borrower is always a slave to the lender, I ensure I avoid debt at all costs.

I remember few months ago, a friend call me and after exchanging greetings, she informed me about her wedding and ask me to buy the Aso ebi (i.e wedding attire) which cost about $45. I never planned this before and apart from that the cloth is quite expensive. if i buy the cloth it will surely affect my monthly budget. So i decided to decline the offer of buying the cloth. It is important you apply wisdom at all you or else you will suffer the repercussion.

Lastly, One major lesson I learned is to always invest, there are a lot of platforms to invest in. I ensure I make research on those platforms before I invest so as to avoid running into loss. Learn ways to earn more legitimately. Ensure you don't let your expenditure be more than your income. Spend in a prudent manner. With all this and more I believe you can live in financial freedom.

Thanks for reading