✅ Set life goals and create a plan for accomplishing them.
✅ Budget to cover all your needs, pay your credit cards, and watch your credit.
✅ If you don’t have any debts, try to keep it that way.
✅ Be frugal when possible, and don't be fearful of asking for or negotiating better offers.
✅ Build your income and earn enough to be able to get into a habit of saving.
✅ Get a financial consultant, start investing, remain current on tax laws, develop automated contributions through your company's retirement plan, and create an emergency fund.
✅ Maintenance is more affordable than replacement, so take care of yourself and your personal belongings.
✅ Living a debt-free or mortgage-free life means that the most significant monthly expenses are out of the way, leaving you with more money to save and invest.
✅ Grow your investment past your income until your investments cause more income than your actual salary.
✅ Advancing to the financial independence stage is sometimes tied to starting a business or working part-time. You can also opt to go back to school and venture into a career path that can sustain you in your 70s. The main point is that you no longer make compromises to make money.
✅ Earn passive income that is exponentially worthwhile than the equivalent amount of money earned through traditional work.