There are tons of books available in bookstores that discuss financial prosperity. Some books are written by holders of Doctorate Degree in Economics. Some make sense, but most are simply jokes in my opinion because the contents are too technical which are hard to understand by common people who want a piece of financial freedom they’re talking about. People who are at the stage of being financially free are not too technical but practical in many aspects especially when it comes to money. To experience financial prosperity or financial freedom doesn’t take someone to be a doctorate degree holder in economics, but somebody who is willing to take the risk of entering into business deal yet calculated.
The are practical Five (5) Steps to Financial Freedom:
Live within Your Means
Warren Buffet is a certified ($45B) billionaire but he preferred staying in his old-house amounting $31,500 in 1958. If stinginess is bad, then excessive generosity is bad either. Anything that has something to do in promoting excessiveness is bad.
Excessive generosity : You give just for a “show.” In other words, egotism; You give to the wrong people; You spend borrowed money just to celebrate occasions.
Live within your means is good start to talk about Financial Freedom.
Bounce-Back from Defeat
Steve Jobs was fired at the age of 30 as CEO of Apple. He put up Pixar company and was able to grow it. Afterwards, he was rehired by Apple as Chairman. Michael Jordan was relieved in his high school basketball team, but he persevered and worked hard to become a better player. And he did it with high honors.
Stand-up from the Knockdown and Move Forward
Forget the past and move forward. Failure will only be a failure if you stop trying again. Mark Hurd was fired as Hewlett Packard CEO but hired as President of Oracle by Larry Ellison after one month.
Common Sense
In the absense of miracle, use your God-given common sense. I think all of us have common sense, but the problem is, we don’t use it correctly when making serious decisions. Do you still believe about Yamashita treasure? Do you still find yourself betting in the lotto game of chance? Use your common sense, winning the lotto lottery or getting the Yamashita treasure is the key to entering yet another form of imprisonment – financial illiteracy.
In the U.S., survey showed that 80% of the lotto lottery winners found themselves queuing again hoping to win the game of chance after an average of 5 to 10 years.
Buy Cheaper Products
You afford it doesn’t mean you buy everything you want. Go for products on sale. Tammy Gates owned a shop in New York that sell cheap brands (???) like Chanel, Gucci, Louis Vuitton, etc. Would believe that most of his customers are billionaires looking for products on sale in his shop?
