Financial freedom comes when a person is fully enjoying his day right from waking up in the morning until he sleeps at night. All this should happen without any stress of money and uncertainties about how he or she is going to undertake the expenses coming their way. In this blog, Rubina Ratnakar helps in building a mindset for financial freedom.
Firstly, you should determine the vision of financial freedom according to you. You should derive that what according to you is financial freedom? When will you consider yourself to be completely happy and free from any stress of finances? This will give you a clear idea about how far you are from your financial freedom.
The next step is to plan your journey towards financial freedom. Now that you are familiar with the destination you want to reach you should think of changes you need to make to the path you are going to follow.
The next thing to be analyzed is the time you are spending on your daily activities. A time analysis will help in determining what you can do with your time in order to attain the financial stability you are looking for.
Analyze your expenditure and your budget as a whole. This will help you in looking for the discrepancies in your financial freedom plan. If you find the potholes that are dragging you from your ideal life, you will easily be able to make the right changes that are needed.
If you want to achieve financial freedom, refrain from getting into debt of any kind. A habit of borrowing money or doing activities on credit is one of the causes why a person is so far away from attaining his ideal life. The fear of installments and repaying the loans eliminates a person’s mind’s freeness to think about what they actually want in life.
Your money and time are the two factors that you need to control in a proper way in order to attain financial freedom.
Check out the latest blogs by Rubina Ratnakar on shifting your mindset and 20 skincare hacks.
