6 Natural Steps to Be Financially Free

One day you've seen a tree has been 10 feet long than previous day. How would you feel?
I must say, you'll feel uneasy, you'll feel nervous, you'll feel disturbed. Because, that has broken the natural law.

Same thing applies in human life also. Who have been financially free in their life, they followed the natural laws. If not, something was wrong there. If you try to break the natural laws, that'll make the society disturbed. And you'll not be able to enjoy happy life.

 

6 Natural Steps to Be Financially Free

Below are 6 natural steps which must make you financially free -

1. Set target
2. Focus
3. Earn
4. Save
5. Invest
6. Re-Invest

1. Set target: Ask yourself, in what age you want to be financially free. Choose a length of time of 5 years, 7 years, 10 years like that. Calculate a possible time duration that you'll be financially free within. Set a target year as calculated. Suppose, you are 35 years old now. You choose 5 years time-duration to be financially free. That means you want to be financially free at an age of 40 years. So your target year is 2018. At the end of 2018 you will be financially free.

2. Focus: You set 2018 as your target year today. After one month or after two months or after two years, if you forget your target year, then there is no use of setting target. You'll never be financially free.

Constantly focus on your target. Work every single day for achieving that target. Review your achievement at the end of every month.

3. Earn: All of we earn money. Some serve in a day job, some do business and some do freelancing. Students, who don't do any job, they also earn money from their parents as pocket money.

That isn't the fact. The fact is, how much you have to earn to live a daily life and also to achieve you target?

Here comes the calculation point which I've told about in "set target" section. On the basis of this calculation you can select your time duration that may be 5 years or 7 years or 10 years.

But, you have to find out your talents. You've to find out your ways to earn more so that you can live your life and achieve your target in the selected time duration. Don't worry, as your experience gains, your earning will be increased.

4. Save: Setting target, focusing and earning, all three are created for saving purpose. No matter how much you earn, if you don't save, you won't be benefitted from that money.
Whatever you earn, keep a percentage of that aside for saving purpose. Don't neglect little saving, that'll be huge someday.

5. Invest: Saving should be done for investing purpose. If you just save, that'll not give you any benefit. Invest your savings.

6. Re-invest: Profits coming from investing should be re-invested. Whatever happens to your life, don't try to spend your savings and interests from savings. We always have a tendency to spend savings if we face a small problem in our financial life. Pretend, you don't have any savings if you fall in this type of situation. If you need, you can maintain an emergency fund for handling that type of situation.

At very initial stage of your financial-freedom journey, pay your debt (if any) completely. Because, if you have debt, you can't fully concentrate on saving. Belive me, that won't work.

YOUR TURN:
What's your plan to be financially free? Please share in comments.
 

4 Most Easiest Ways to Earn Money Online

Earning money online is getting more popular day by day. But it is hard as offline earning. One of the coolest benefit of online earning is that you don't need to have physical office-setup. You can start it as a side-income source.
There are many ways to earn money online. I've sorted out 4 most easiest and popular ways.

Freelance: Once I opened an account on odesk just for curiosity. After 25 days of opening my account I got first job contract. Before getting first job contract I have successfully passed several tests and completed my profile about 80% on odesk.

I also tried on fiverr. It's a five dollar market place. I showed me there as a logo designer. Within one week I designed 12 logos for people and earned 60 dollar. I also did that just for curiosity.

These experiences of mine prove that it is possible to earn a handsome amount of money by freelancing.

It requires some qualifications on any subject. Qualification on any subject will do. Such as MS Word, MS Excel, photoshop, etc, etc. A dedicated blog named freelanceswitch provides helpful guidelines for freelancers.

Blogging: The most popular way of earning money online. Blogging is more than just earning money. Now-a-days, most of the offline business companies use blogging as a medium for getting touch with their customers.

But blogging is not so easy. It requires to have patient and constant involvement. And you have to have vast knowledge about topic which you will blog on.

Selling self-made (Homemade) product online: If you have ability to create product on home, you can sell them online. Products like painting, hand-made wooden work, needlework, etc are more popular in online world.

There are many websites through which you can sell your product online. Etsy and artfire are most popular of them.

Teaching: When I was college student, I would provide teaching to some school student to earn some extra for my daily expenses. That concept now came to the super fast online world.

There are websites providing services to connect teacher with student or vice versa. Tutor.com is one of them who is providing service for this purpose.

As you know, earning money isn't so easy. You might have seen many advertisement online showing that they can make you millionaire with no time etc etc etc. Those are totally bogus. Don't try those. Make your mind to work hard to earn. Because no one can make money without hard work.

Photo: gamercize