*The Rules of Financial Freedom*
RULE NO 1. *There is a Price to Pay.*
RULE NO 2. *There is Time to Give.*
RULE NO 3. *There is Patience to Observe.*
RULE NO 4. *There is a Seed to Sow.*
RULE NO 5. *There is Education, Information or Training to Acquire.*
RULE NO 6. *There is Process to Follow.*
RULE NO 7. *There are Principles to Obey.*
RULE NO 8. *There is Cause for Alarm when you are Poor.*
RULE NO 9. *Nothing Ventured Nothing Gained*
RULE NO 10. *Quitters Never Win and Winners Never Quit.*
RULE NO 11. *The Road to Success is for Men with Faith.*
RULE NO 12. *Poverty is a Risk and Wealth is a Risk.*
RULE NO 13. *The More the analyses the More the paralyses (analysis paralysis).*
RULE NO 14. *Financial Freedom is not a Chance it's a Choice.*
RULE NO 15. *Your Destiny is in Your Hands.*
*Financial Freedom is Possible for YOU if Only YOU would play by the RULES!*
Technically speaking, financial freedom is when you have enough money to do whatever you want.
Depending on your "wants" this is easily possible.
The place to start is to calculate how much it costs (or would cost) to live your desired lifestyle.
Then you need to calculate how much of a lump sum you would need to produce this amount each year. The go-to school of throught is that through a properly diversified portfolio you can safely withdraw 4% of your initial sum each year and never run out of money.
So you just divide your cost of living by 4% and you get how much of a lump sum you need.
This provides you financial freedom.
Tips to get there fast:
1. Start investing early
2. Create a strict budget that allows you to save a lot of dough
3. Save (and invest) all you can
