MOTIVATED AND SUCCESSFUL LIFESTYLE

This is a series we running is aimed at educating and increasing your understanding on Financial Intelligence which is a sure way to gain financial freedom. As  a recall to the past series,  Dynamics of Financial Freedom (Part 1)   |  Dynamics of Financial Freedom (Part 2) Financial freedom is also popularly defined as the point at which your assets (stocks, bonds, real estate, etc.) produce enough income to cover your baseline expenses.   Financial freedom is much more than having money. It’s the freedom to be who you really are and do what you really want in life. The best form of savings is INVESTMENT. The larger portion of your savings should be invested to secure your funds from price fluctuations. During periods of inflation (the consistent increase in price of goods and services in an economy),the funds in your savings account will decrease in value.  For Example, if Mr. A has $1,000 in his savings account before an inflationary period,...

Welcome back to the Dynamics of Financial Freedom Series. Read the Dynamics of Financial Freedom (Part 1) via  http://tinyurl.com/hz7e9es ii. Managing Money The progressive pathway to financial freedom is in your ability to manage the funds you earn or given as gifts.I am pretty sure you have heard the idiom that states 'Cut your coat according to your size' which simply infers that you must learn to live below your means with the intent to expand your means. This phrase actually contains two lessons. The first is that regardless of our income, we should always manage our expenses properly. Remember, the goal should be to ultimately be able to save almost 80% of our income. But there is also a second lesson here. That we should pursuit the goal of expanding our means i.e investing your idle funds for larger profits to cater for additional expenses. The game of wealth is not won by always playing defense (minimizing expenses and not wanting to take risks. At ...