5 Easy Steps Towards Financial Freedom & Independence

You Only need 5 steps to become financially independent

Disclaimer: The material in this article is purely educational and should not be taken as professional investment advice. Invest at your own discretion. Some external links in this post are affiliated.

The strategy to build wealth is pretty simple:

1. Spend less money
2. Make more money
3. Invest money into appreciating assets

Step 1: Create A Budget

The very first thing that you should do on your path to Financial Independence is create a budget. You can do this by downloading an app (e.g. Cleo, or Mint) to track your expenses or writing a program to track your expenses or just using an Excel spreadsheet.

This step is important because it will give you a metric or a way to measure how much you are spending per month or per year etc. and will show you where your money is going as well as how much you are bringing in.

Calculate Your Yearly Expenses

Once you create a budget, then you will be able to see where your money is going.

Step 2: Calculate Your Financial Independent Number & Utilize…