Almost everybody dreams
of getting wealthy or gaining financial freedom. Achieving financial freedom is
not an easy accomplishment, but with the technology today it is becoming easier
to educate yourself and build strategies that can build higher streams of
incomes faster. If the rich get richer, then why does the poor not grow any
incomes at all? “The cycle of overspending leaves them poor, even if their
income means they are considered well above the poverty line.” Studies also say
financial shocks is a major cause such as medical, divorces, and layoffs
(philly.com). Let’s say two different people get a $10,000 raise each. One will
spend it one unnecessary stuff like high end shoes/clothes that could wait and
act like its $100,000. The other will pay off any necessary debt if possible
and invest the rest for long term financial gain or to achieve cash flow as
extra streams of incomes. Be the person who is responsible and invest their
earnings after taking care of responsibilities. As little as investing $300 a
month for 35 years at a 14% annual rate turns into over 3.3 million dollars in
the bank! What kind of financial responsibilities will you change?
[1 image, 1 links, 1 quotation, 198 words].
No comments:
Post a Comment