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You can hear the topic of financial freedom everywhere. For me it has had no relevance until I was 35 years old. That's when I started thinking about my family and how I was going to be able to ensure that we would always be able to put enough food on the table and cover the needs of a family of five. Perspectives change. Priorities too. Contents [ hide ] 1 Patience 2 Limit risks 3 Account for evolution 4 Reduce expenses 5 Increase income Patience One of the first steps to creating net worth was the purchase of an apartment with the aim of renting it later.
It took me almost 1.5 years to find the right property. Now we Phone Number List are going for 3 floors in seven years. A step-by-step mentality is needed because an estate is not created in three days. You have to go for the long term and go little by little, step by step. Limit risks What you have you should not lose. Investing everything you have in Bitcoin could get you there faster but the associated risk is possibly too high. You may have to choose more conservative alternatives and/or only put a small percentage into high-risk investments.
In my case I have investments in P2P loans, real estate, Lego and Pokémon. Account for evolution Since May 2020, I have been recording the evolution of our net worth month by month. It allows you to analyze the months that are going well and those that are not advancing or even going backwards. It allows you to find errors or reinforce those actions that allow you to allows you to find errors or reinforce those actions that allow you to grow. If you don't know how you're going, you'll never know if you're on the right path.
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