The most important thing in today's life is FINANCIAL INDEPENDENCE, irrespective of the fact that one is a male or a female. Each and everyone out there must be financially independent by one way or the other.
The reason I am stressing on it so much are multiple such as
- An ever evolving self confidence, pride and satisfaction as you are your own bread earner.
- A helping hand to your earning family members, then reducing financial stress in the house.
- An extra or passive source of income can provide security and safety in case of any emergency medical need, especially in this time of pandemic.
- Ability to fulfil your hobbies, desires, dreams and of your dear and near ones also.
- A sense of pride and encouragement to your parents and other elderlies.
- Moreover, there is no correct or optimum age range for becoming financially sound and stable.
This list could possibly never end but tje main point is how to be financially independent or sound??
Well, here also one has tonnes of alternatives but before that one must find for him or herself a legitimate and consistent source of active income and when this income is stable enough one must try to,
- Save as much money as possible from the active income,
- Lower your expenses to the minimum possible.
- Then either invest thise saved money in various platforms such as stock market or in commodity market or in businesses and startups or start one's own venture, or spend those saved money to learn new skills and gain mastery over it.
- When you have gained mastery and experience over the new skilled which you have learnt or by god's grace you have an inbuilt talent, then surf through internet and discover ways of earning passive income from those skills and talent.
- And then when you have enough money route back to the journey of saving and investing as directed above.
- Do not forget to insure your life and your dear one's life through various insurance opportunities.
Even if you follow any one of the things mentioned above, your future will be completely changed and that too for better. You dont have to worry about your future sources of income generation and guess what, some investments also provide tax benefits, thus securing your present as well.
So hurry up and get your buckles tightened for your journey to financial freedom
