3 Jan 2015

Independence

A lot of us yearn for sweet independence. To do what you want, when you want! It could be independence from a 9-5 work lifestyle. Independence from parents. Independence in learning. Independence in living. But how does one become independent? I've been bought up to be independent, but to always know when to ask for help and how to be strategic in planning. The following 5 tips are what I've learned along the way.





  1. Steady Incomes. Up until university, I was still receiving money from my parents. Nothing wrong with that. However I knew the importance of earning my own income. During secondary school, I taught piano to little kids and charged their parents. When I was 16 I joined the work force. Since then I've always tried to find ways of earning via incomes that take me a step closer to being financially free. 

  2. Be organised. If you're living with parents, help keep the environment tidy and neat. It's the least you can do if you're not paying rent. If you are paying rent, you should be even more concerned with upkeep.

  3. Be Strategic and Plan. Want to move out to a nice apartment? Those nice apartments come with pretty prices. Move in with a friend, split the mortgage, share ownership, raise a deposit and then some, rent to buy etc. Seek professional help (lawyers & financial lenders) or help from someone who you know has done it successfully. 

  4. Financial strength. You see this life right, one minute you'll be on the top , next minute life will show you some serious pepper. Lol, make sure you have money saved or invested. Don't live on the assumption money will be there. Rich Wealthy people are smart with their money. Always have been, always will be. Don't be deceived by the luxurious purchases, the smart ones have money working for them overnight.

  5. Frugal Fran. We should all learn from her. It's not everyday purchase expensive Celine bags, 28' weave extensions and C.Olympia/ Louboutin Heels. Invest the money in collectibles like Art or Wine. Focus on building your way to financial freedom. Don't get me wrong, I love luxury buys and holidays, especially holidays but they don't take priority over my end goals. If I can afford to purchase it and still pay myself and pay bills then fine. Otherwise it means I'm not in the financial position yet. Nothing wrong with that.  


I hope that helped, if you have any tips of your own, please feel free to share!





Be you and Be true to who you are.
 



SHARE:

No comments

Post a Comment

© 10|FT. All rights reserved.
Blogger Template by pipdig