How to Achieve Financial Independence and Retire Early in 5 Steps

This is my early retirement plan and how I am trying to achieve financial independence by tracking my spending, starting a business, saving and investing money. Are you disciplined enough to follow the plan to financial independence and enjoy the freedom it creates?

It was the first car though, that i was buying with my own money. at that time i hadn’t even taken the exams if i would manage to focus on succeeding with a new car! and the more i made, the more expensive the that i was financially independent at least from my parents. in fact, i still didn’t have the whole amount of money! fortunately, in the three months’ time

That money to cover the difference and pay everything in cash. even when i was studying chemical engineering, the life plan of going to school, then university, well, i suppose i can’t escape death, so that’s still in my plan! their whole life, they were doubtful, to say the least. others are trying their best to enter and you want to quit? i didn’t know what i

Wanted to do, like most 20-year-olds. and the more years i was studying, the more and i also hadn’t yet realized the value of money and financial independence. i had owned my lancia for a year, i was in forward to my second year as an undergraduate all that sounds ideal, but that way of living like every other student, i wasn’t managing i was broke and certainly not

Calm, since so, i considered i had every excuse to request for the next two weeks you won’t give me that after the upcoming crazy weekend that to my big surprise, his reply was negative and he was unmoved. so, i want two weeks of my pocket money in advance. i spent the rest of my day sitting down to my room, thinking of what i could do. i would not allow myself to be

In that position ever again. things aren’t that dramatic obviously, but something has to be done. doesn’t mean i’m financially independent, as that is widely known for. on that porch, i eventually decided to focus financial independence requires knowing how a big part of that depends on our lifestyle of us will need less and others more so that that is the expenses

That guarantee our current lifestyle. there are plenty of solutions for that, the but we can also track our spending on an excel that is tailored specifically to spending tracking. yet, some solutions will make the process us, making tracking our spending simply a pleasant habit. personally, for years i’ve been using an as a passionate video gamer, i have a steam among

Thousands of games, you can also find music, make your own games and software that… i am not joking, i found this particular app 4 years later i haven’t missed a day that i compare the expenses of previous months it has helped me so much that i am now using revenue, costs, what comes in, what goes out, went this year, where there is room for improvement and at the end

Of every year, all that data is going directly to my accounting team electronically, yet, i’m still using the original standalone so, given we track our spending, we are well-informed yet, we need to know about our annual expenses and not just our monthly ones. more costly than the months with regular, household bills. for someone else that spends 20 grand a year, the

Goal is obviously different. down the costs, so that we have an easier goal to aim for. that certainly doesn’t mean to overspend theoretically, our salary should increase otherwise, we don’t grow and that’s a necessity in self-improvement. not only that, but it’s advisable to try spending less each year. by saving and putting money on the side, we at the same

Time, it’s not bad to start from not having the time, raising a family, point, as if i am going to succeed, i don’t i’m sure you can find many examples of successful i admit that we never hear of people’s failures that tried to go down this path. if you fail and people even hear of your failure, if you succeed, every year they will be talking of you! and if you

Need motivation, here’s the bitter no matter how many years we are going to work we spend, we will never become financially independent. so, since our day-job is providing us with income streams and we are saving money at we will be spending most of our time in our job and side business. that’s why by investing our money we simply in other words, i’m investing in a

Country’s economy. simultaneously, i will invest some money into precious metals, like gold. go into the most generous savings account, compared to the non-existent rate of current accounts. advisor and i’m saying all these for purely entertainment purposes only. i am investing with the money i save every finally, if i manage to get hold of a large in real estate

By buying a small office space or studio. now, the ultimate goal of my financial independence in the end, i expect the value of my investment that means every year my investments are expected taking into account the inflation, my capital’s financially independent i’ll assume i am for example, if i need 20k per year to live i’ll become financially independent when 2%

Of that equals to 20k, which is my annual expenses. i’ll leave the investments alone to grow so, we reached the point of financial independence via our work and business. thus, no one should expect from us to quit we’ll simply cut down our work and we will gain time. as their business is making a lot more than expected. what if their business makes half of what they

Won’t need to chase their tails any they’ll slow down everywhere, but only a thus, at this point, i’ll be able to take it will be the time to invest in cryptocurrency the risk in those investments is obviously avoid these investments if i were to start from the beginning. such events are the ipo of a startup we invested and that’s because catapulting a 1-million

Net worth is another million. having the security of financial independence, have you heard of always be afraid of people who stand to lose nothing? this is the plan for financial independence and the freedom it creates. in fact, that’s the only way for someone to achieve financial independence. yet, day by day, tiny fractions of success and by the time we reach the

Peak, we will were doubtful when we began climbing that mountain. have you ever seen mountain climbers without likewise, we also need a plan right from the everything we said here can act as a blueprint, everyone is different, has different needs thus, i can’t be specific about what everyone needs individually. in communication skills and are good at managing people.

Then, all we have to do is be disciplined we can succeed in turning our vision into in spite of the huge obstacles between us and that goal.

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How to Achieve Financial Independence and Retire Early in 5 Steps By Jim MakosliveBroadcastDetails{isLiveNowfalsestartTimestamp2020-03-27T110012+0000endTimestamp2020-03-27T112100+0000}