The 5 Step Formula To Become Financially Free In 2023 DO THIS NOW | Wealth Nation

Financial Freedom is having enough investments to live the lifestyle you want. Not Income.

1. What got you to where you are right now is the way you think about money. Take a look at your environment and your relationships. Its a reflection of what you subconsciously allowed. Start to become conscious of what you accept for yourself financially because the money game is all mental. Money is the fruits not the roots

2. Organize your finances into 3 categories. Savings, Fixed and Flexible
a. Savings -Pay yourself first
b. Fixed – Housing, Groceries and Transportation
c. Restaurants, Entertainment, Fun money, clothes

3. Debt Snowball – 3rd party Debt, Entertainment, Restaurants, Fun money, clothes

4. Understand the Purpose of Saving – Saving alone doesn’t make you money, the point of savings is for emergencies, large purchases and investing. Investing is the key to financial freedom

5. Prioritize investments – with this formula. income – cashflow = expenses. Working towards this not only will you have more than you need every time but eventually your prioritized investments will exceed your income

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