Prioritizing ourselves on the path to financial freedom
What gives us confidence? What makes sense to us? What satisfies us? A 3-year-old might say getting chocolate makes them happy, while a 6-year-old might feel confident riding a bicycle in a busy place. But what about adults? They might say they want to settle down, achieve their goals, and be successful.
It's easy to say, 'I want to be this, I want to be that, I will definitely be a millionaire in two years!' But how? By sticking to the rat race? By saving money? Never! So, how do adults achieve their goals?
This is a question that we constantly think about. Gaining financial freedom is the key to unlocking it . How we manage our money decides if we can achieve that freedom or not!
Many of us adhere to societal norms regarding financial freedom, believing that saving diligently will secure a peaceful retirement. However, this mindset often leads us to settle for a 9-to-5 job instead of true financial independence.
So, how do we achieve it? We need to prioritize ourselves when we get paid. Instead of paying everyone else first—rent, bills—we should pay ourselves first.
Now, many people might think, 'If I pay myself first instead of paying rent, family, and other expenses, am I being selfish?' Our upbringing has ingrained in us a mindset that avoids risks and follows societal norms, including the belief that we should not prioritize our own financial well-being.
It's time for new thoughts, as thoughts can become actions! .
Let’s start to focusing on financial freedom, how to make money work for us instead of us working for money!
Sounds good, right? But finding a way is hard?
Have you ever heard about cash flow? Understanding cash flow helps us manage our money better and find ways to build assets. By focusing on cash flow, we can easily see how our money is spent and how investing in assets can lead to financial freedom.
Paying ourselves first encourages us to find ways to earn more money because when we prioritize ourselves, our inner self automatically finds a way to pay our rent, family needs, and all our expenses. And these are the things that lead to investing in assets.
By knowing all these things, Robert Kiyosaki follows a rule called 10/10/10 , where he and his wife allocate 30% of their salary to investment, savings, and charity, with each category receiving 10%. And they strongly believe that what they give returns to them in abundance.
In the journey of achieving financial freedom, discipline plays a big role. For example, if your house rent is $3000 and you earn around $15000 per month, when your salary increases to $25000, don't rush to move to a $6000 house for comfort. Instead, invest your money to move closer to financial freedom.
Nothing makes sense when you lack discipline. Consistency is crucial in all aspects. Let’s focus on minding our own business and experience the abundance of financial freedom.
