5 Simple Steps to Financial Freedom

[devereauxjnr]

It really made no sense to me when he said ''It doesn't matter whether I'm right or wrong, whether the market goes up and down. I'm good regardless''. People are really losing a sh*t ton of money out here. I personally have been buying stocks since the beginning of the year and yet nothing's changed, but I've been reading articles of people still in the same market pulling off over 350k in just a couple months. Its tough out here!

[danielkey]

'As I would see it, the go to solution for climate this downturn and high expansion is momentary exchanging, rather than long haul exchanging, most people utilizing these methods are netting a lot of gains, sure the dangers are higher yet once more isn't the ongoing business sector similarly as unsafe"?.

[salmonnella]

1. Stay Cash Flow Positive
2. Don't take up unnecessary responsibility.
3. Build an investment portfolio.
4. Be Liquid.
5. Have a Plan.

[juniormangroo]

1:45 staying cashflow positive
2:45 don't take on unnecessary responsibilities
4:11 build an investment porfolio
6:13 be liquid
7:20 have a plan

[SY-spuo]

1.Find your passion.
2. Turn it into a skill.
3. Create a business around it.
4. SCALE IT.
5. Invest in the stock market/real estate..

[emmyoregon]

The power of compounding money and even habits are much more powerful than people think. All of your small wins becomes big wins over time, keep your foot on the gas pedal and keep investing.

[jiroweiler]

That story about the man investing in shield makers is from the book: The richest man in babylon... am i right?

[InsuranceExplained]

2 key takeaways: 1) develop a high-income skill and keep providing service or create products 2) live below your means so you have savings to invest. Hope anyone reading this achieves financial freedom! 🎉🎉🎉

[jyleskobe]

repeated this 10x already to get it in my head because for me this is the beginning of a great start I'm just 17 years old
and I watch as many financial education videos and learn how to manage my personal finance love the video man

[sethrandy]

Investing is how you take charge of your financial security. It allows you to grow your wealth but also generate an additional income stream if needed ahead of retirement. Various investments such as stocks, ETFs, bonds, or real estate will provide either growth or income but in some cases both. While you can receive income from the government through the Canada Pension Plan (CPP) or the Old Age Security (OAS) Pension, it’s not enough to take care of retirement and you probably don’t want a plan that relies on that.

[Laurar]

Key to financial independence .. NO DEBT. Knowing your cash flow, and monthly expenses are absolutely the top component to building wealth.

[aronfrasheri]

The best idea about money is, make it, invest most of it and manage whatever that remains expecting huge returns in nearest future

[Rayhua]

Still don’t know what this $5 rule is...

[lancethompson]

The problem is you have to make enough. Business's these days don't want the working guy to have even just enough to cover just mortgage and utilities. Meanwhile they buy anything and everything they want.

[pyschologygeek]

So, what is financial freedom? Financial freedom is having enough residual income to cover your living expenses. It is not about being rich and having tons of money, but having enough to cover your expenses so that you can spend your precious time doing what you like rather than doing things just to earn money.

[stacyliddell]

Another interesting fact about the market is that in 1930 the index was at 21 by 1932 it was at 6.92. It took 19 years (that is not a typo) for the market to return to the levels seen in 1930.

It's very important to understand the market is in a huge bubble at the moment and if you are invested 60/40 like most peoples' 401K are, you are likely not going to be hedged against a correction.

Make sure to educate yourself and find an advisor who looks beyond 1980 to plan your financial future.

[zeandrelee]

How about a video about leveraging? Leverage credit, leverage money, etc

[jean_mora]

So where's the 5 dollars rule shown on the video thumbnail?

[guardianwealth]

To attain financial freedom one must have to understand what is financial freedom.
It is when you have all the things that help you fulfill all your daily needs and requirements.
Before knowing the ways you have to understand where you are, right now.
Then you can start making your goals and plans.
Start investing and follow your goals.
Track your spending and manage your money.

[thy]

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