Financial Freedom Calculator
What is the way to achieve financial freedom?
There are many different ways to achieve financial freedom. There is no single map and no single strategy to reach it. However, there are some crucial points in common that should not and cannot be underestimated. These are aspects that help to manage money with greater awareness. Here, then, is what is important to keep in mind if you want to achieve financial freedom.
TARGETS One of the very first things to do when thinking about financial freedom is to define your goals. Only by defining the objectives to be achieved, in fact, it is possible to understand how much money is needed to reach the set goal, be it in the short, medium or long term.
PAYABLES
To achieve financial freedom, all debts must be paid off. The ideal is to start with those that have a higher interest rate. Paying off a debt is also of great help for the psyche. The thought of owing someone money disappears, freeing the mind of a burden.
EMERGENCY FUND
The unexpected can always happen, at any time and unexpectedly. Having an emergency fund to draw on in case of need helps you to face the whole situation with more serenity, without risking compromising your lifestyle and finding yourself in financial difficulty.
FUTURE
The pension will never be equivalent to the salary. The income will decrease, but to maintain the same lifestyle, the expenses will always be the same or will increase. The solution to avoid being in difficulty and having to give up something is to think about your future as soon as possible by joining, for example, a supplementary pension fund.
INVESTMENTS
Money loses value over time. Inflation has a significant impact on everyday life. How to do? An investment plan, linked to a personalized financial planning, is the solution. Investing money, especially in the long term, is more rewarding than keeping money in the account (losing value!).
And you, have you already achieved your financial freedom? Or have you already started working on it?
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